Marqeta profit margin MQ
Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.
- Net margin, 12 months
- 1.5%
- Operating margin, 12 months
- −1.9%
- Net margin on a year earlier
- +13.2 pts
- Peer median
- 8.4%
Over the twelve months to Jun 30, 2026, Marqeta kept 1.5% of its revenue as net profit, with an operating margin of −1.9% and a gross margin of 70.0%.
Five years earlier its net margin was −26.7%.
The median for 10 infrastructure software stocks of a similar size is 8.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −2.2% | −7.4% | 70.0% |
| FY2024 | 5.4% | −4.8% | 69.4% |
| FY2023 | −33.0% | −41.9% | 48.7% |
| FY2022 | −24.7% | −28.0% | 42.8% |
| FY2021 | −31.7% | −31.3% | 44.8% |
| FY2020 | −16.4% | −16.2% | 40.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 1.5% | +13.2 pts | −1.9% | |
| Q1 FY26 | 0.3% | −10.1 pts | −4.0% | |
| Q4 FY25 | −2.2% | −7.6 pts | −7.4% | |
| Q3 FY25 | −6.7% | −9.6 pts | −12.8% | |
| Q2 FY25 | −11.7% | −9.1 pts | −19.4% | |
| Q1 FY25 | 10.4% | +43.4 pts | 1.3% | |
| Q4 FY24 | 5.4% | +38.4 pts | −4.8% | |
| Q3 FY24 | 2.9% | +30.3 pts | −8.9% | |
| Q2 FY24 | −2.6% | +21.9 pts | −15.1% | |
| Q1 FY24 | −33.0% | −8.8 pts | −42.6% | |
| Q4 FY23 | −33.0% | −8.3 pts | −41.9% | |
| Q3 FY23 | −27.4% | +0.5 pts | −36.9% |
Against its peers
Companies in Software - Infrastructure nearest Marqeta's size, closest first, today.
| Company | Profit margin |
|---|---|
| MQMarqeta | 1.5% |
| BLBlackline | 4.7% |
| PDFSPDF Solutions | 4.3% |
| EVCMEverCommerce | 5.7% |
| NCNOnCino | 5.4% |
| CXMSprinklr | 2.7% |
| BLKBBlackbaud | 13.1% |
| XZOExzeo | 39.1% |
| NTCTNetscout Systems | 13.7% |
| RDVTRed Violet | 16.5% |
| ALRMAlarm.com | 11.1% |
| Peer median | 8.4% |
Where Marqeta ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Marqeta
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.