What is Marqeta's total cost of revenue?

Marqeta (MQ) reported total cost of revenue of $48.21M in Q1 2026.

How has Marqeta's total cost of revenue changed year-over-year?

Marqeta's total cost of revenue increased by 19.3% year-over-year, from $40.39M to $48.21M.

What is the long-term trend for Marqeta's total cost of revenue?

Over 4 years (2021 to 2025), Marqeta's total cost of revenue has grown at a -10.0% compound annual growth rate (CAGR), from $285.47M to $187.61M.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Marqeta MQ Total Cost of Revenue

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Segments

By segment

See full

Reportable Segment$48.21M+19.3%

Other financials

Income statement

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Revenue$165.8M+19.2%

Gross profit$117.6M+19.2%

Operating income$2.1M+111%

Net income$7.8M+195%

EPS (diluted)$0.02+200%

Balance sheet

See full

Cash & equivalents$956.1M+13.9%

Total debt$7.4M+67.7%

Total equity$742.3M-24.8%

Total assets$1.5B+9.4%

Cash flow

See full

Operating cash flow-$3.4M-134%

CapEx$1.3M+1.0%

Free cash flow-$4.6M-153%

Valuation

See full

Market cap$1.62B-16.1%

Enterprise value$675.32M-36.1%

P/E748.8×—

P/S2.5×-1.2×

Profitability

See full

Gross margin70%+0.6pp

Operating margin-4%-5.3pp

Net margin0.3%—

FCF margin22.6%+10.3pp

Returns & leverage

See full

Return on equity0.3%—

Debt / equity0×0.0×

Current ratio1.6×-1.5×

Where this comes from

Reported directly by Marqeta in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: Marqeta’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marqeta's total cost of revenue?: Marqeta (MQ) reported total cost of revenue of $48.21M in Q1 2026.
How has Marqeta's total cost of revenue changed year-over-year?: Marqeta's total cost of revenue increased by 19.3% year-over-year, from $40.39M to $48.21M.
What is the long-term trend for Marqeta's total cost of revenue?: Over 4 years (2021 to 2025), Marqeta's total cost of revenue has grown at a -10.0% compound annual growth rate (CAGR), from $285.47M to $187.61M.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.