Marqeta, Inc.MQEarnings & Financial Report
Marqeta, Inc. operates a cloud-native open API platform for modern card issuing and digital payment processing. Its solutions empower fintech startups, large retailers, and enterprise clients to launch customized physical and virtual payment cards, as well as embedded finance products across global consumer and commercial markets.
MQ Q1 FY2026 Key Financial Metrics
Revenue
$165.8M
Gross Profit
$117.6M
Operating Profit
$50.3M
Net Profit
$7.8M
Gross Margin
70.9%
Operating Margin
30.3%
Net Margin
4.7%
YoY Growth
19.0%
EPS
$0.02
Marqeta, Inc. Q1 FY2026 Financial Summary
Marqeta, Inc. reported revenue of $165.8M (up 19.0% YoY) for Q1 FY2026, with a net profit of $7.8M (up 194.8% YoY) (4.7% margin). Cost of goods sold was $48.2M, operating expenses totaled $67.3M.
Key Financial Metrics
| Total Revenue | $165.8M |
|---|---|
| Net Profit | $7.8M |
| Gross Margin | 70.9% |
| Operating Margin | 30.3% |
| Report Period | Q1 FY2026 |
Marqeta, Inc. Annual Revenue by Year
Marqeta, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $624.9M).
Marqeta, Inc. Quarterly Revenue & Net Profit History
Marqeta, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $165.8M | +19.0% | $7.8M | 4.7% |
| Q4 FY2025 | $172.1M | +26.7% | N/A | N/A |
| Q3 FY2025 | $163.3M | +27.6% | $-3.6M | -2.2% |
| Q2 FY2025 | $150.4M | +20.1% | $-647.0K | -0.4% |
| Q1 FY2025 | $139.1M | +17.9% | $-8.3M | -5.9% |
| Q4 FY2024 | $135.8M | +14.3% | N/A | N/A |
| Q3 FY2024 | $128.0M | +17.5% | $-28.6M | -22.4% |
| Q2 FY2024 | $125.3M | -45.8% | $119.1M | 95.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $125.3M | $128.0M | $135.8M | $139.1M | $150.4M | $163.3M | $172.1M | $165.8M |
| YoY Growth | -45.8% | 17.5% | 14.3% | 17.9% | 20.1% | 27.6% | 26.7% | 19.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.49B | $1.44B | $1.46B | $1.35B | $1.21B | $1.49B | $1.53B | $1.48B |
| Liabilities | $345.9M | $340.2M | $378.2M | $362.4M | $371.2M | $649.2M | $763.1M | $734.4M |
| Equity | $1.14B | $1.10B | $1.09B | $987.3M | $843.4M | $839.2M | $762.0M | $742.3M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $25.7M | $7.3M | $24.8M | $10.0M | $12.5M | $86.8M | $53.3M |