The financials
Marqeta, Inc. by the numbers
Marqeta, Inc. (MQ) reported revenue of $166M in Q1 2026 (quarter ended Mar 31, 2026), up 19% from the same quarter a year earlier. That came with a gross margin of 71% and net income of $7.8M (4.7% of revenue). For the full year FY2025, revenue was $625M (+23% year on year) and net income −$14M. Its largest product in Jun 2026 was Platform Service Revenue Net at $164M, 93% of the disclosed total, well ahead of Other Services at 7.0%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $166M | $139M | +19% |
| Gross profit | $118M | $99M | +19% |
| Operating income | $2.1M | −$19M | to a profit |
| Net income | $7.8M | −$8.3M | to a profit |
| Diluted EPS | $0.02 | −$0.02 | to a profit |
| Product | Revenue | Share |
|---|---|---|
| Platform Service Revenue Net | $164M | 93% |
| Other Services | $12M | 7.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $176.0M (+6.2%)
Other Services grew +70% year on yearPlatform Service Revenue Net +14% year on year
Segment Latestquarter on quarteryear on year
- Platform Service Revenue Net$163.7M$163.7MQoQ +4.8%year on year +14%+4.8%+14%
- Other Services$12.3M$12.3MQoQ +29%year on year +70%+29%+70%
Software - Infrastructure
Ranks #23 of 64 by Smart Score