The financials
Marqeta, Inc. by the numbers
Marqeta, Inc. (MQ) reported revenue of $166M in Q1 2026 (quarter ended March 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 2026-Q1 was Platform Service Revenue Net at $156M, 94% of the disclosed total, just ahead of Other Services at 5.8%.
| 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 | $156M | 94% |
| Other Services | $9.6M | 5.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $165.8M (+1.5%)
Other Services grew +33% year on yearPlatform Service Revenue Net +18% year on year
Segment Latestquarter on quarteryear on year
- Platform Service Revenue Net$156.2M$156.2MQoQ +0.29%year on year +18%+0.29%+18%
- Other Services$9.6M$9.6MQoQ +27%year on year +33%+27%+33%
Software - Infrastructure
Ranks #72 of 78 by Smart Score