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Stocks · Technology · Services-Prepackaged Software

Marqeta, Inc.

MQ Clue Score56
United States Fiscal year ends December CIK 0001522540
$18.29 +0.99% Close, 12 Oct 2026
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Price $18.29 −11.51% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 9 Jun 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue143.3Operating income−58.9Net income−58.2EPS, diluted−1.07Fiscal year 2020Revenue290.3 +102.6%Operating income−47.1Net income−47.7EPS, diluted−0.39Fiscal year 2021Revenue517.2 +78.2%Operating income−162.0Net income−163.9EPS, diluted−0.45Fiscal year 2022Revenue748.2 +44.7%Operating income−209.8Net income−184.8EPS, diluted−0.34Fiscal year 2023Revenue676.2 −9.6%Operating income−283.0Net income−223.0EPS, diluted−0.42Fiscal year 2024Revenue507.0 −25.0%Operating income−24.5Net income27.3EPS, diluted0.05Fiscal year 2025Revenue624.9 +23.3%Operating income−46.4Net income−13.9 −151.0%EPS, diluted−0.03
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 143.3 290.3 517.2 748.2 676.2 507.0 624.9
Growth +102.6% +78.2% +44.7% −9.6% −25.0% +23.3%
Operating income −58.9 −47.1 −162.0 −209.8 −283.0 −24.5 −46.4
Net income −58.2 −47.7 −163.9 −184.8 −223.0 27.3 −13.9
Growth −151.0%
EPS, diluted −1.07 −0.39 −0.45 −0.34 −0.42 0.05 −0.03

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin42.2%Operating margin−41.1%Net margin−40.6%Free cash flow margin−14.2%Fiscal year 2020Gross margin40.6%Operating margin−16.2%Net margin−16.4%Free cash flow margin16.5%Fiscal year 2021Gross margin44.8%Operating margin−31.3%Net margin−31.7%Free cash flow margin10.5%Fiscal year 2022Gross margin42.8%Operating margin−28.0%Net margin−24.7%Free cash flow margin−2.0%Fiscal year 2023Gross margin48.7%Operating margin−41.9%Net margin−33.0%Free cash flow margin3.0%Fiscal year 2024Gross margin69.4%Operating margin−4.8%Net margin5.4%Free cash flow margin11.0%Fiscal year 2025Gross margin70.0%Operating margin−7.4%Net margin−2.2%Free cash flow margin25.7%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 42.2% 40.6% 44.8% 42.8% 48.7% 69.4% 70.0%
Operating margin −41.1% −16.2% −31.3% −28.0% −41.9% −4.8% −7.4%
Net margin −40.6% −16.4% −31.7% −24.7% −33.0% 5.4% −2.2%
Free cash flow margin −14.2% 16.5% 10.5% −2.0% 3.0% 11.0% 25.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−15.4Capital expenditure−4.9Free cash flow−20.3Fiscal year 2020Operating cash flow50.3Capital expenditure−2.4Free cash flow47.9Buybacks0.0Fiscal year 2021Operating cash flow57.0Capital expenditure−2.7Free cash flow54.2 +13.2%Buybacks0.0Fiscal year 2022Operating cash flow−13.0Capital expenditure−2.3Free cash flow−15.3 −128.2%Buybacks−78.1Fiscal year 2023Operating cash flow21.1Capital expenditure−0.8Free cash flow20.3Buybacks−190.4Fiscal year 2024Operating cash flow58.2Capital expenditure−2.4Free cash flow55.8 +174.1%Buybacks−154.4Fiscal year 2025Operating cash flow162.6Capital expenditure−1.8Free cash flow160.8 +188.4%Buybacks−391.4
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −15.4 50.3 57.0 −13.0 21.1 58.2 162.6
Capital expenditure −4.9 −2.4 −2.7 −2.3 −0.8 −2.4 −1.8
Free cash flow −20.3 47.9 54.2 −15.3 20.3 55.8 160.8
Growth +13.2% −128.2% +174.1% +188.4%
Buybacks n/a 0.0 0.0 −78.1 −190.4 −154.4 −391.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2019Cash60.3Shareholders’ equity−198.4Fiscal year 2020Cash220.4Shareholders’ equity−213.7Fiscal year 2021Cash1,247.6Shareholders’ equity1,573.4Fiscal year 2022Cash1,183.8Shareholders’ equity1,473.0Fiscal year 2023Cash981.0Shareholders’ equity1,243.4Fiscal year 2024Cash923.0Shareholders’ equity1,085.0Fiscal year 2025Cash709.4Shareholders’ equity762.0
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 60.3 220.4 1,247.6 1,183.8 981.0 923.0 709.4
Shareholders’ equity −198.4 −213.7 1,573.4 1,473.0 1,243.4 1,085.0 762.0

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
42.2% 40.6% 44.8% 42.8% 48.7% 69.4% 70.0%
−41.1% −16.2% −31.3% −28.0% −41.9% −4.8% −7.4%
−40.6% −16.4% −31.8% −24.7% −34.1% 5.5% −2.1%
−40.6% −16.4% −31.7% −24.7% −33.0% 5.4% −2.2%
−14.2% 16.5% 10.5% −2.0% 3.0% 11.0% 25.7%
Spending
3.4% 0.8% 0.5% 0.3% 0.1% 0.5% 0.3%
n/a n/a n/a n/a n/a 2.8% n/a
Returns
n/a n/a −10.4% −12.5% −17.9% 2.5% −1.8%
n/a −10.4% −9.0% −10.4% −14.0% 1.9% −0.9%
Balance and payout
n/a 37.0% 14.0% 16.8% 21.8% 25.8% 50.0%
n/a 0.0% 0.0% n/a 936.1% 277.0% 243.4%