MQ on Nasdaq

Marqeta

Logo: marqeta.com4

Fintech company.1

Price unavailable

Last updated Oct 19, 2026.

Overview

$624.9MRevenue, fiscal 20255
-$13.9MNet income, fiscal 20255
2010Founded1

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  • TickerMQ on Nasdaq1
  • Industryfintech1
  • HeadquartersOakland1
  • Websitewww.marqeta.com
  • Legal formDelaware corporation1
  • Business address180 Grand Avenue, 6Th Floor, Oakland, Ca 946126
  • Filer categoryLarge accelerated filer6
  • LEI254900UZARK0FMZGZE183
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States3
  • Registered withDivision of Corporations, Department of State, 48943193
Marqeta image from its website
Image: marqeta.com4

Marqeta’s mission is modernizing financial services by making the entire payment experience native and delightful. Marqeta’s modern platform empowers our customers to create customized and innovative payment card programs, giving them configurability and flexibility. When our customers come to us to build a payments solution, they are not just building a card, they are building a payments experience.7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

70.0%Gross margin5
-7.4%Operating margin5
-2.2%Net margin5
23.3%Revenue growth, 20255
-1.8%Return on equity5
$160.8MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Platform Service Revenue, Net brought in 95% of the revenue Marqeta broke down this way in fiscal 2025.

  1. Platform Service Revenue, Net$594.1M595%up 23% from 2024
  2. Other Services Revenue$30.7M55%up 21% from 2024
Products and services by year
Products and services202320242025
Platform Service Revenue, Net$654.6M$481.7M$594.1M
Other Services Revenue$21.6M$25.3M$30.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue30¢$187.6M
  • Other costs70¢$436.7M
  • Income tax0¢$596.0K

Out of $624.9M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$1.8M
  • Share buybacks100¢$391.4M

Out of $162.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue8910115$624.9M in 2025+336% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $143.3M$143.3M20192020: $290.3M$290.3M2020+103%2021: $517.2M$517.2M2021+78%2022: $748.2M$748.2M2022+45%2023: $676.2M$676.2M2023−10%2024: $507.0M$507.0M2024−25%2025: $624.9M$624.9M2025+23%
Gross profit8910115$437.3M in 2025+623% since 2019
0$200.0M$400.0M$600.0M2019: $60.5M$60.5M20192020: $117.9M$117.9M2020+95%2021: $231.7M$231.7M2021+97%2022: $320.0M$320.0M2022+38%2023: $329.5M$329.5M2023+3%2024: $351.8M$351.8M2024+7%2025: $437.3M$437.3M2025+24%
Operating income8910115-$46.4M in 2025−21% since 2019
-$300.0M-$200.0M-$100.0M02019: -$58.9M-$58.9M20192020: -$47.1M-$47.1M2020−20%2021: -$162.0M-$162.0M2021+244%2022: -$209.8M-$209.8M2022+30%2023: -$283.0M-$283.0M2023+35%2024: -$24.5M-$24.5M2024−91%2025: -$46.4M-$46.4M2025+90%
Net income8910115-$13.9M in 2025−76% since 2019
-$300.0M-$200.0M-$100.0M0$100.0M2019: -$58.2M-$58.2M20192020: -$47.7M-$47.7M2020−18%2021: -$163.9M-$163.9M2021+244%2022: -$184.8M-$184.8M2022+13%2023: -$223.0M-$223.0M2023+21%2024: $27.3M$27.3M20242025: -$13.9M-$13.9M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Net revenue$624.9M$507.0M$676.2M
Costs of revenue$187.6M$155.1M$346.7M
Gross profit$437.3M$351.8M$329.5M
Compensation and benefits$340.4M$397.6M$446.4M
Technology$65.0M$60.1M$55.6M
Professional services$21.9M$20.1M$21.7M
Occupancy$3.8M$6.0M$4.4M
Depreciation and amortization$27.2M$17.5M$10.7M
Marketing and advertising$5.1M$3.0M$2.6M
Other operating expenses$20.4M$16.8M$18.0M
Executive chairman long-term performance award$0-$144.6M$53.2M
Total operating expenses$483.7M$376.3M$612.5M
Loss from operations-$46.4M-$24.5M-$283.0M
Other income, net$33.1M$52.5M$52.4M
(Loss) income before income tax expense (benefit)-$13.3M$28.1M-$230.6M
Income tax expense (benefit)$596.0K$793.0K-$7.6M
Net (loss) income-$13.9M$27.3M-$223.0M
Net (loss) income attributable to common stockholders, basic-$13.9M$27.3M-$223.0M
Net (loss) income attributable to common stockholders, diluted-$13.9M$27.3M-$223.0M
Change in foreign currency translation adjustment$2.1M-$468.0K-$40.0K
Net change in unrealized (loss) gain on short-term investments-$243.0K-$608.0K$8.0M
Net other comprehensive income (loss)$1.8M-$1.1M$8.0M
Comprehensive (loss) income-$12.1M$26.2M-$215.0M
Basic (in dollars per share)-$0$0-$0
Diluted (in dollars per share)-$0$0-$0
Basic (in shares)462.2M shares511.1M shares532.5M shares
Diluted (in shares)462.2M shares518.8M shares532.5M shares

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Leadership

Who has led Marqeta, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (29)

Timeline

  1. Mar 4, 2026New chief executive Michael Milotich becomes CEO16
  2. Feb 10, 2023New chief executive Simon Khalaf becomes CEO17
  3. Jun 8, 2021New chief executive Jason M. Gardner becomes CEO18
  4. 2010Founded Founded1

Filings

424 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 248 insider forms, 46 large holders, 60 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G/A EDGAR
  2. Sep 18, 20264 EDGAR
  3. Sep 16, 20264 EDGAR
  4. Sep 16, 2026144 EDGAR
  5. Sep 16, 20264 EDGAR
  6. Sep 16, 20264 EDGAR
  7. Sep 3, 20264 EDGAR
  8. Sep 3, 20264 EDGAR
  9. Sep 3, 20264 EDGAR
  10. Sep 2, 20263 EDGAR
  11. Sep 2, 20264 EDGAR
  12. Sep 1, 2026144 EDGAR
  13. Aug 25, 20268-K EDGAR
  14. Aug 21, 20264 EDGAR
  15. Aug 17, 20264 EDGAR
  16. Aug 14, 2026SCHEDULE 13G/A EDGAR
  17. Aug 13, 20268-K EDGAR
  18. Aug 13, 20268-K EDGAR
  19. Aug 4, 202610-Q EDGAR
  20. Aug 4, 20268-K EDGAR

The 424 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

47 open-market trades by officers, directors and large owners since October 2021: 5 buys and 42 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Cummings MarthaDirectorSale713$16.01$11.4KForm 4
Sep 15, 2026Sumner CrystalSee RemarksSale1,250$16.39$20.5KForm 4
Sep 1, 2026Sumner CrystalSee RemarksSale1,250$16.27$20.3KForm 4
Aug 14, 2026Cummings MarthaDirectorSale713$16.47$11.7KForm 4
Jul 15, 2026Cummings MarthaDirectorSale713$16.22$11.6KForm 4
Jul 1, 2026Pollak ToddChief Revenue OfficerSale18,750$16.88$316.5KForm 4
Jun 15, 2026Sumner CrystalSee RemarksSale5,056$3.89$19.7KForm 4
Jun 12, 2026Atkinson NajumaDirectorSale10,889$3.80$41.4KForm 4
Jun 12, 2026Paul ElaineDirectorSale18,148$3.80$69.0KForm 4
Jun 12, 2026Cummings MarthaDirectorSale14,831$3.80$56.4KForm 4
May 15, 2026Sumner CrystalSee RemarksSale5,055$3.85$19.5KForm 4
May 15, 2026Cummings MarthaDirectorSale2,853$3.85$11.0KForm 4
Apr 21, 2026Paul ElaineDirectorSale17,452$4.47$78.0KForm 4
Apr 20, 2026Atkinson NajumaDirectorSale9,259$4.44$41.1KForm 4
Apr 15, 2026Sumner CrystalSee RemarksSale5,056$4.12$20.8KForm 4
Apr 15, 2026Cummings MarthaDirectorSale2,853$4.12$11.8KForm 4
Mar 16, 2026Sumner CrystalSee RemarksSale5,055$3.98$20.1KForm 4
Mar 16, 2026Cummings MarthaDirectorSale2,853$3.98$11.4KForm 4
Feb 27, 2026Linville Judson CDirectorBuy25,570$3.93$100.5KForm 4
Feb 17, 2026Sumner CrystalSee RemarksSale5,056$4.00$20.2KForm 4

All 47 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Congress Asset Management Co1,592,210$25.9M0.2%New
Marshall Wace, Llp844,803$3.4M0.0%New
Dark Forest Capital Management LP328,753$1.3M0.1%New
SBI Securities Co., Ltd.181,476$736.8K0.0%New
Public Employees Retirement System Of Ohio129,424$525.5K0.0%New
Price T Rowe Associates Inc /md/45,481,645$184.7K0.0%New
Ensign Peak Advisors, Inc37,595$152.6K0.0%New
Cornerstone Investment Partners, LLC32,743$132.9K0.0%New
T. Rowe Price Investment Management, Inc.25,410,871$103.2K0.1%New
Parallel Advisors, LLC6,694$27.2K0.0%New
EverSource Wealth Advisors, LLC1,728$7.0K0.0%New
Essential Partners LLC955$3.9K0.0%New
Rothschild Investment LLC934$3.8K0.0%New
Fortitude Family Office, LLC667$2.7K0.0%New
Strategic Wealth Partners, Ltd.300$1.2K0.0%New
Harbor Capital Advisors, Inc.138,849$5640.0%New
Creative Capital Management Investments LLC52$2110.0%New
Bay Harbor Wealth Management, LLC23$930.0%New
LRI Investments, LLC13$530.0%New
Raffa Wealth Management, LLC3$120.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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