Last 24 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -137.92 | 58.00 | 56.35 | — | — | — | — | — | — | 5.96 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.59 | 2.46 | 2.67 | 3.19 | 3.63 | 4.47 | 3.71 | 3.51 | 4.87 | 5.74 | 6.54 | 7.67 | 7.27 | 2.84 | 2.84 | 4.08 | 5.10 | 5.92 | 9.02 | 14.92 | 22.66 |
| — | -44.9% | -28.1% | -9.1% | -25.6% | -22.0% | -43.3% | -54.3% | -32.9% | +102.3% | +130.6% | +87.9% | +42.5% | -52.1% | -68.5% | -72.6% | -77.5% | -80.7% | — | — | — | |
| P/B Ratio | 2.51 | 2423.88 | 2.38 | 2.88 | 2.82 | 3.19 | 2.09 | 1.76 | 2.28 | 2.52 | 2.55 | 2.93 | 2.44 | 1.91 | 1.72 | 2.26 | 2.58 | 2.88 | 3.88 | 5.89 | 7.58 |
| — | +75881.1% | +13.9% | +64.0% | +24.0% | +26.8% | -18.0% | -40.1% | -6.9% | +31.7% | +48.2% | +29.8% | -5.4% | -33.7% | -55.7% | -61.7% | -65.9% | -69.6% | — | — | — | |
| P/FCF | 10.07 | 6.89 | — | 16.23 | 7.54 | 143.95 | 193.94 | 23.24 | 208.91 | 36.76 | — | 64.73 | 20.86 | — | — | 62.52 | — | 48.95 | — | 42.06 | — |
| — | -95.2% | — | -30.2% | -96.4% | +291.5% | — | -64.1% | +901.7% | — | — | +3.5% | — | — | — | +48.6% | — | — | — | — | — | |
| EV / EBITDA | — | 18.82 | 16.58 | — | — | — | — | — | — | 4.51 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | 25.82 | — | — | — | — | — | — | 4.12 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.2% | 69.2% | 18.5% | 69.7% | 70.1% | 69.2% | 71.0% | 72.3% | 70.4% | 63.3% | 71.3% | 70.0% | 66.6% | 36.6% | 41.0% | 42.7% | 41.8% | 41.8% | 45.0% | 48.8% | 44.9% |
| — | +0.1% | -73.9% | -3.6% | -0.4% | +9.2% | -0.5% | +3.2% | +5.8% | +73.0% | +73.9% | +63.9% | +59.3% | -12.4% | -8.8% | -12.4% | -6.9% | +8.8% | -2.6% | +18.0% | +17.1% | |
| Operating Margin | -4.7% | 2.1% | 2.2% | -4.8% | -6.3% | -6.1% | -13.3% | -27.6% | -33.0% | 83.9% | -42.3% | -47.4% | -64.1% | -30.0% | -40.2% | -26.7% | -31.0% | -25.0% | -29.7% | -24.3% | -34.7% |
| — | +133.7% | +116.5% | +82.5% | +80.8% | -107.3% | +68.5% | +41.9% | +48.5% | +379.2% | -5.0% | -77.9% | -106.5% | -20.0% | -35.6% | -9.8% | +10.5% | +55.0% | -200.7% | -63.4% | -11.8% | |
| Net Margin | -2.2% | 4.3% | 4.7% | -0.8% | -2.2% | -0.4% | -5.9% | -20.0% | -22.4% | 95.1% | -30.6% | -34.0% | -50.5% | -25.4% | -31.7% | -12.9% | -27.7% | -23.9% | -36.5% | -23.7% | -34.8% |
| — | +1099.4% | +179.6% | +95.9% | +90.1% | -100.5% | +80.6% | +41.2% | +55.7% | +473.7% | +3.4% | -163.1% | -82.0% | -6.3% | +13.2% | +45.5% | +20.2% | +57.3% | -206.9% | -51.8% | -15.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.5% | 2.0% | 1.0% | -0.2% | -0.4% | -0.1% | -0.8% | -2.5% | -2.6% | 10.1% | -2.9% | -3.2% | -4.1% | -4.2% | -4.7% | -1.8% | -3.5% | -2.9% | -3.9% | -2.3% | -2.9% |
| — | +2981.0% | +230.7% | +93.0% | +83.2% | -100.7% | +72.9% | +21.8% | +37.9% | +341.6% | +37.9% | -80.4% | -18.1% | -44.3% | -21.8% | +24.6% | -20.6% | +60.3% | +12.7% | +51.0% | +72.5% | |
| ROA | -0.9% | 1.0% | 0.5% | -0.1% | -0.3% | -0.1% | -0.6% | -1.9% | -2.0% | 7.8% | -2.3% | -2.5% | -3.3% | -3.4% | -3.9% | -1.5% | -3.0% | -2.5% | -3.3% | -2.0% | -2.6% |
| — | +2127.5% | +188.9% | +95.1% | +86.3% | -100.6% | +74.4% | +26.0% | +41.1% | +331.3% | +41.0% | -70.3% | -11.1% | -35.1% | -16.1% | +27.1% | -16.7% | +58.7% | -22.4% | +32.2% | — | |
| ROIC | — | 8829.8% | — | — | -6.7% | -4.7% | -8.1% | -14.1% | -13.9% | 32.2% | -14.0% | -13.1% | -13.1% | -12.6% | -18.8% | -13.1% | -13.8% | -10.2% | -10.5% | -8.4% | -19.4% |
| — | +187418.4% | — | — | +51.8% | -114.6% | +42.0% | -7.4% | -5.7% | +356.0% | +25.9% | -0.0% | +4.7% | -23.7% | -79.0% | -55.2% | +29.1% | +91.9% | +5.1% | +26.2% | -405.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.01 | 0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| — | -45.0% | +65.6% | +135.0% | +40.1% | +25.9% | -7.1% | -10.5% | -6.7% | +73.3% | +63.0% | +61.3% | +63.1% | -13.8% | -15.1% | -14.1% | -14.9% | -14.1% | -84.3% | -84.5% | — | |
| Debt / EBITDA | — | 0.00 | 1.21 | — | — | — | — | — | — | 0.14 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.65 | 1.66 | 1.65 | 1.65 | 1.88 | 2.74 | 3.18 | 3.37 | 3.66 | 3.77 | 3.98 | 4.13 | 4.74 | 4.76 | 4.86 | 6.17 | 6.97 | 7.63 | 7.52 | 7.56 | 9.33 |
| — | -39.3% | -48.2% | -51.0% | -48.5% | -27.3% | -20.2% | -18.4% | -22.8% | -20.8% | -18.0% | -33.2% | -31.9% | -37.7% | -35.4% | -18.3% | -25.4% | -25.4% | +172.5% | +147.5% | — | |
| Quick Ratio | 1.65 | 1.66 | 1.65 | 1.65 | 1.88 | 2.74 | 3.18 | 3.36 | 3.66 | 3.77 | 3.96 | 4.11 | 4.72 | 4.74 | 4.84 | 6.16 | 6.94 | 7.61 | 7.50 | 7.54 | 9.33 |
| — | -39.3% | -48.2% | -51.0% | -48.5% | -27.3% | -19.7% | -18.4% | -22.5% | -20.5% | -18.2% | -33.2% | -31.9% | -37.7% | -35.5% | -18.4% | -25.7% | -25.7% | +171.7% | +147.4% | — | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 24 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MQ stock.
Marqeta, Inc.'s current P/E is -137.9x. The average P/E over the last 2 quarters is 57.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Marqeta, Inc.'s current operating margin is -4.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Marqeta, Inc.'s business trajectory between earnings reports.