Marqeta, Inc. (MQ) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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MQ Revenue Growth
Revenue Breakdown (FY 2025)
MQ's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MQ Revenue Analysis (2019–2025)
As of May 8, 2026, Marqeta, Inc. (MQ) generated trailing twelve-month (TTM) revenue of $651.6 million, reflecting strong growth of +19.2% year-over-year. The most recent quarter (Q1 2026) recorded $165.8 million in revenue, down 3.7% sequentially.
Looking at the longer-term picture, MQ's 5-year compound annual growth rate (CAGR) stands at +16.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $748.2 million in 2022.
Revenue diversification analysis shows MQ's business is primarily driven by Platform Service Revenue, Net (95%), and Other Services Revenue (5%). With over half of revenue concentrated in Platform Service Revenue, Net, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including PAYO (+7.2% YoY), FLYW (+36772.8% YoY), and RELY (+27.3% YoY), MQ has underperformed the peer group in terms of revenue growth. Compare MQ vs PAYO →
MQ Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MQCurrent | $652M | +19.2% | +16.6% | -4.7% | |
 PAYO | $1.1B | +7.2% | +25.0% | 11.8% | |
 FLYW | $623M | +36772.8% | +36.4% | 1.8% | |
 RELY | $1.6B | +27.3% | +44.8% | 5.0% | |
 PRTH | $953M | +8.3% | +18.7% | 14.8% | |
 RPAY | $309M | +1.0% | +14.8% | -3.9% |
MQ Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $624.9M | +23.3% | $69.7M | 11.2% | $-29,153,000 | -4.7% |
| 2024 | $507.0M | -25.0% | $351.8M | 69.4% | $-24,466,000 | -4.8% |
| 2023 | $676.2M | -9.6% | $329.5M | 48.7% | $-283,015,000 | -41.9% |
| 2022 | $748.2M | +44.7% | $320.0M | 42.8% | $-209,808,000 | -28.0% |
| 2021 | $517.2M | +78.2% | $231.7M | 44.8% | $-162,006,000 | -31.3% |
| 2020 | $290.3M | +102.6% | $117.9M | 40.6% | $-47,087,000 | -16.2% |
| 2019 | $143.3M | - | $60.5M | 42.2% | $-58,863,000 | -41.1% |
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Start ComparisonMQ — Frequently Asked Questions
Quick answers to the most common questions about buying MQ stock.
Is MQ's revenue growth accelerating or slowing?
MQ revenue is accelerating at +19.2% year-over-year, exceeding the 5-year CAGR of +16.6%. TTM revenue reached $652M. Growth momentum has increased versus prior periods.
What is MQ's long-term revenue growth rate?
Marqeta, Inc.'s 5-year revenue CAGR of +16.6% reflects the sustained expansion pattern. Current YoY growth of +19.2% is above this long-term average.
How is MQ's revenue distributed by segment?
MQ reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.