Marqeta, Inc.(MQ)Earnings, Financials & Key Ratios

MQ•NASDAQ

$15.93

Price updated Jul 7, 2026

SectorTechnology IndustryInfrastructure Software Sub-IndustryPayments and fintech infrastructure

AboutMarqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions. As of December 31, 2021, the company had approximately 200 customers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.Show more

Revenue$625M+23.3%
EBITDA-$2M+71.6%
Net Income-$14M-151.0%
EPS (Diluted)-0.12-157.0%
Gross Margin11.15%-83.9%
EBITDA Margin-0.32%+77.0%
Operating Margin-4.67%+3.3%
Net Margin-2.23%-141.4%
ROE-1.51%-164.3%

MQ Price & Volume

Marqeta, Inc. (MQ) stock price & volume — 10-year historical chart

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Scaling Revenue Growth Amidst Persistent Profitability Challenges

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Expanding

Profitability:Moderate

Financial:Healthy

Cash Flow:Mixed

Primary Risk:High client concentration dependency

Key Thesis Takeaways

Marqeta is successfully scaling its transaction-based infrastructure, evidenced by 19.2% revenue growth in 2026Q1, yet the company faces significant headwinds from high client concentration and persistent stock-based compensation expenses of $20 million per quarter.
While the firm has achieved a transition to a $2.1 million operating profit, the reliance on a single major client and the accumulation of $804 million in retained deficits suggest long-term stability remains unproven.
Investors should monitor whether the company can sustain positive operating margins above its current 1.3% level while reducing its dependence on volatile, high-volume processing contracts.

Verdict Logic

while the company achieved a positive operating income of $2.1 million in 2026Q1, the disconnect between net income and cash flow, evidenced by an OCF/NI ratio of -0.43, warrants caution regarding the quality of earnings.

MQ Growth Metrics

Marqeta, Inc. (MQ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years16.57%

3 Years-5.83%

TTM23.39%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-96.06%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-94.76%

Return on Capital

10 Years-16.19%

5 Years-11.29%

3 Years-8.62%

Last Year-3.12%

MQ Recent Earnings

Marqeta, Inc. (MQ) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 10/12 qtrs (83%)

Q2 2026Latest

May 5, 2026

Metric

Actual

Est

EPS

$0.02+247.1%

$0.01

Rev

$166M+0.9%

$164M

Q1 2026

Feb 24, 2026

Metric

Actual

Est

EPS

$0.20-400.0%

$0.04

Rev

$172M+2.9%

$167M

Q4 2025

Nov 5, 2025

Metric

Actual

Est

EPS

$0.01+75.0%

$0.04

Rev

$163M+9.7%

$149M

Q3 2025

Aug 6, 2025

Metric

Actual

Est

EPS

$0.01+81.3%

$0.03

Rev

$150M+7.1%

$140M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 5, 2026	$0.02vs $0.01+247.1%	$166Mvs $164M+0.9%
Q1 2026	Feb 24, 2026	$0.20vs $0.04-400.0%	$172Mvs $167M+2.9%
Q4 2025	Nov 5, 2025	$0.01vs $0.04+75.0%	$163Mvs $149M+9.7%
Q3 2025	Aug 6, 2025	$0.01vs $0.03+81.3%	$150Mvs $140M+7.1%

Based on last 12 quarters of dataView full earnings history →

Latest MQ News

Recent stock market news and headlines for Marqeta, Inc. (MQ)

Business Wire·Jun 26, 2026

Marqeta to Announce Second Quarter 2026 Results on August 4, 2026

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the modern card issuing platform, today announced that it will host a conference call and webcast to discuss second quarter 2026 financial results on Tuesday, August 4, 2026 at 4:30 pm ET. Hosting the call will be Mike Milotich, Chief Executive Officer, and Patti Kangwankij, Chief Financial Officer. A press release with the second quarter 2026 financial results will be issued after the market closes that same day. The conference call.

GuruFocus·Jun 26, 2026

Marqeta to Announce Second Quarter 2026 Results on August 4, 2026

Marqeta, Inc. (NASDAQ: MQ), the modern card issuing platform, today announced that it will host a conference call and webcast to discuss second quarter 2026 fi

The Motley Fool·Jun 18, 2026

A Reverse Stock Split Is Coming for Marqeta Shares. Should You Jump In Before It Happens?

Marqeta's reverse stock split will boost its share price. The company has struggled, but it recently turned a profit.

Peers Comparison

Key metrics vs top competitors for Marqeta, Inc. (MQ)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
MQMarqeta, Inc.Current	$15.93	$1.56B	-132.75	23.25%	-2.23%	-1.51%	—
PAYOPayoneer Global Inc.	$7.10	$2.38B	37.37	7.68%	6.76%	10.01%	—
FLYWFlywire Corporation	$18.55	$2.21B	168.64	26.59%	6.65%	5.87%	—
RELYRemitly Global, Inc.	$24.13	$5.08B	77.84	29.37%	6.12%	12.66%	—
PRTHPriority Technology Holdings, Inc.	$6.97	$574.02M	10.25	8.33%	5.85%	—	—
RPAYRepay Holdings Corporation	$4.04	$355.87M	-1.35	-1.21%	-82.73%	-46.64%	—

Compare MQ vs Peers

Marqeta, Inc. (MQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PAYO

Most directly comparable listed peer for MQ.

Scale Benchmark

vs V

Larger-name benchmark to compare MQ against a more recognizable public peer.

Peer Set

Compare Top 5

vs PAYO, FLYW, RELY, PRTH

MQ SEC Filings & Documents

Marqeta, Inc. (MQ) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 5, 2026·SEC

Material company update

Feb 24, 2026·SEC

Material company update

Jan 7, 2026·SEC

10-K Annual Reports

FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 5, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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MQ Frequently Asked Questions

Marqeta, Inc. (MQ) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Marqeta, Inc.'s revenue?

Marqeta, Inc. (MQ) reported $651.6M in revenue for fiscal year 2025. This represents a 355% increase from $143.3M in 2019.

How fast is Marqeta, Inc. growing?

Marqeta, Inc. (MQ) grew revenue by 23.3% over the past year. This is strong growth.

Is MQ profitable?

Yes, Marqeta, Inc. (MQ) is profitable, generating $2.2M in net income for fiscal year 2025 (-2.2% net margin).

Dividend & Returns

What is MQ's return on equity?

Marqeta, Inc. (MQ) has a return on equity (ROE) of -1.5%. Negative ROE indicates the company is unprofitable.

What is Marqeta, Inc.'s free cash flow?

Marqeta, Inc. (MQ) generated $112.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MQ back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 5, 2026

$0.02vs $0.01+247.1%

$166Mvs $164M+0.9%

Q1 2026

Feb 24, 2026

$0.20vs $0.04-400.0%

$172Mvs $167M+2.9%

Q4 2025

Nov 5, 2025

$0.01vs $0.04+75.0%

$163Mvs $149M+9.7%

Q3 2025

Aug 6, 2025

$0.01vs $0.03+81.3%

$150Mvs $140M+7.1%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

MQMarqeta, Inc.Current

$15.93

$1.56B

-132.75

23.25%

-2.23%

-1.51%

—

PAYOPayoneer Global Inc.

$7.10

$2.38B

37.37

7.68%

6.76%

10.01%

—

FLYWFlywire Corporation

$18.55

$2.21B

168.64

26.59%

6.65%

5.87%

—

RELYRemitly Global, Inc.

$24.13

$5.08B

77.84

29.37%

6.12%

12.66%

—

PRTHPriority Technology Holdings, Inc.

$6.97

$574.02M

10.25

8.33%

5.85%

—

RPAYRepay Holdings Corporation

$4.04

$355.87M

-1.35

-1.21%

-82.73%

-46.64%

—