# Marqeta, Inc.: overview

MQ · Nasdaq · CIK 1522540 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mq.md) · [Financials](/companies/mq/financials.md) · [Filings](/companies/mq/filings.md) · [Insiders](/companies/mq/insiders.md)

Latest reported revenue: [$176.0m](/filings/0001522540-26-000063.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001522540-26-000063).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [128](/filings/0001522540-25-000035.md) | [136 d](/filings/0001522540-26-000017.md) | [139](/filings/0001522540-26-000038.md) | [150](/filings/0001522540-26-000063.md) | [163](/filings/0001522540-25-000035.md) | [172 d](/filings/0001522540-26-000017.md) | [166](/filings/0001522540-26-000038.md) | [176](/filings/0001522540-26-000063.md) |
| Gross margin | % | [70.4%](/filings/0001522540-25-000035.md) | [72.3% d](/filings/0001522540-26-000017.md) | [71.0%](/filings/0001522540-26-000038.md) | [69.2%](/filings/0001522540-26-000063.md) | [70.1%](/filings/0001522540-25-000035.md) | [69.7% d](/filings/0001522540-26-000017.md) | [70.9%](/filings/0001522540-26-000038.md) | [69.2%](/filings/0001522540-26-000063.md) |
| Operating margin | % | [(33.0%)](/filings/0001522540-25-000035.md) | [(27.6%) d](/filings/0001522540-26-000017.md) | [(13.3%)](/filings/0001522540-26-000038.md) | [(6.1%)](/filings/0001522540-26-000063.md) | [(6.4%)](/filings/0001522540-25-000035.md) | [(4.8%) d](/filings/0001522540-26-000017.md) | [1.3%](/filings/0001522540-26-000038.md) | [2.1%](/filings/0001522540-26-000063.md) |
| Net margin | % | [(22.4%)](/filings/0001522540-25-000035.md) | [(20.0%) d](/filings/0001522540-26-000017.md) | [(5.9%)](/filings/0001522540-26-000063.md) | [(0.4%)](/filings/0001522540-26-000063.md) | [(2.2%)](/filings/0001522540-25-000035.md) | [(0.8%) d](/filings/0001522540-26-000017.md) | [4.7%](/filings/0001522540-26-000063.md) | [4.3%](/filings/0001522540-26-000063.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [7.1 d](/filings/0001522540-25-000035.md) | [24.7 d](/filings/0001522540-26-000017.md) | [8.7](/filings/0001522540-26-000038.md) | [12.2 d](/filings/0001522540-26-000063.md) | [86.4 d](/filings/0001522540-25-000035.md) | [53.2 d](/filings/0001522540-26-000017.md) | [(4.6)](/filings/0001522540-26-000038.md) | [63.0 d](/filings/0001522540-26-000063.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [517](/filings/0001628280-24-007663.md) | [748](/filings/0001628280-25-008232.md) | [676](/filings/0001522540-26-000017.md) | [507](/filings/0001522540-26-000017.md) | [625](/filings/0001522540-26-000017.md) |
| Gross margin | % | [44.8%](/filings/0001628280-24-007663.md) | [42.8%](/filings/0001628280-25-008232.md) | [48.7%](/filings/0001522540-26-000017.md) | [69.4%](/filings/0001522540-26-000017.md) | [70.0%](/filings/0001522540-26-000017.md) |
| Operating margin | % | [(31.3%)](/filings/0001628280-24-007663.md) | [(28.0%)](/filings/0001628280-25-008232.md) | [(41.9%)](/filings/0001522540-26-000017.md) | [(4.8%)](/filings/0001522540-26-000017.md) | [(7.4%)](/filings/0001522540-26-000017.md) |
| Net margin | % | [(31.7%)](/filings/0001628280-24-007663.md) | [(24.7%)](/filings/0001628280-25-008232.md) | [(33.0%)](/filings/0001522540-26-000017.md) | [5.4%](/filings/0001522540-26-000017.md) | [(2.2%)](/filings/0001522540-26-000017.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [54.2](/filings/0001628280-24-007663.md) | [(15.3)](/filings/0001628280-25-008232.md) | [20.3](/filings/0001522540-26-000017.md) | [55.8](/filings/0001522540-26-000017.md) | [161](/filings/0001522540-26-000017.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mq/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [CONGRESS ASSET MANAGEMENT CO](/funds/897378.md) | 2026-06-30 | $25.9m | 1,592,210 |  | New +1,592,210 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $3.4m | 844,803 |  | New +844,803 |
| [DARK FOREST CAPITAL MANAGEMENT LP](/funds/1853322.md) | 2026-06-30 | $1.3m | 328,753 |  | New +328,753 |
| [SBI Securities Co., Ltd.](/funds/1851815.md) | 2026-06-30 | $736.8k | 181,476 |  | New +181,476 |
| [PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO](/funds/1007280.md) | 2026-06-30 | $525.5k | 129,424 |  | New +129,424 |
| [PRICE T ROWE ASSOCIATES INC /MD/](/funds/80255.md) | 2026-06-30 | $184.7k | 45,481,645 |  | New +45,481,645 |
| [Ensign Peak Advisors, Inc](/funds/1454984.md) | 2026-06-30 | $152.6k | 37,595 |  | New +37,595 |
| [Cornerstone Investment Partners, LLC](/funds/1328062.md) | 2026-06-30 | $132.9k | 32,743 |  | New +32,743 |
| [T. Rowe Price Investment Management, Inc.](/funds/1897612.md) | 2026-06-30 | $103.2k | 25,410,871 |  | New +25,410,871 |
| [Parallel Advisors, LLC](/funds/1690010.md) | 2026-06-30 | $27.2k | 6,694 |  | New +6,694 |

## Recent filings

[All 498 filings](/companies/mq/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-25 | 09:06 ET | [8-K](/filings/0001522540-26-000071.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001522540-26-000071 |
| 2026-08-13 | 17:03 ET | [8-K](/filings/0001522540-26-000068.md) | 5.02 Departure or appointment of officers or directors | 0001522540-26-000068 |
| 2026-08-13 | 16:30 ET | [8-K](/filings/0001522540-26-000066.md) | 5.02 Departure or appointment of officers or directors | 0001522540-26-000066 |
| 2026-08-04 | 17:07 ET | [10-Q](/filings/0001522540-26-000063.md) | Quarterly report, period 2026-06-30 | 0001522540-26-000063 |
| 2026-08-04 | 16:07 ET | [8-K](/filings/0001522540-26-000061.md) | 2.02 Results of operations; 5.02 Departure or appointment of officers or directors; 8.01 Other events; 9.01 Financial statements and exhibits | 0001522540-26-000061 |
| 2026-07-01 | 16:05 ET | [8-K](/filings/0001522540-26-000048.md) | 5.03 Amendment to articles or bylaws | 0001522540-26-000048 |
| 2026-06-11 | 16:05 ET | [8-K](/filings/0001522540-26-000043.md) | 5.07 Shareholder vote results; 8.01 Other events | 0001522540-26-000043 |
| 2026-05-08 | 09:00 ET | [8-K](/filings/0001522540-26-000040.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001522540-26-000040 |
| 2026-05-05 | 16:53 ET | [10-Q](/filings/0001522540-26-000038.md) | Quarterly report, period 2026-03-31 | 0001522540-26-000038 |
| 2026-05-05 | 16:11 ET | [8-K](/filings/0001522540-26-000036.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001522540-26-000036 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001522540-26-000017.md), filed Feb 24, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/6a65900e-ecec-44b2-b2ac-ab2ee59f3ec6)

## About the filer

- CIK: 1522540
- Tickers: MQ
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 12:02 ET. No prices; not investment advice.