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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

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−2.2%−7.4%70.0%
FY20245.4%−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

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY261.5%+13.2 pts−1.9%
Q1 FY260.3%−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 FY2510.4%+43.4 pts1.3%
Q4 FY245.4%+38.4 pts−4.8%
Q3 FY242.9%+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.

CompanyProfit margin
MQMarqeta1.5%
BLBlackline4.7%
PDFSPDF Solutions4.3%
EVCMEverCommerce5.7%
NCNOnCino5.4%
CXMSprinklr2.7%
BLKBBlackbaud13.1%
XZOExzeo39.1%
NTCTNetscout Systems13.7%
RDVTRed Violet16.5%
ALRMAlarm.com11.1%
Peer median8.4%

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.