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Marqeta (MQ) operating margin by quarter

Marqeta's operating margin was 3.6% in Q3 2026 (third quarter 2026), +1.5 pts from Q2 2026. Over the last 3 quarters it ranged from 1.3% (Q1 2026) to 3.6% (Q3 2026).

Marqeta operating margin by quarterMarqeta operating margin by quarter1.3%Q1 20262.1%Q2 20263.6%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20263.6%+1.5 pts—
Q2 20262.1%+0.8 pts—
Q1 20261.3%——

Q3 2026 at a glance

Marqeta, Q3 2026: revenue $176M (+8% year over year), operating margin 3.6%, net earnings $115M, operating cash flow $26.3M. The chart follows the revenue to costs, profit and cash.

Questions

What is Marqeta's operating margin?

Marqeta's operating margin was 3.6% in Q3 2026 (third quarter 2026), +1.5 pts from Q2 2026.

How has Marqeta's operating margin changed?

Over the last 3 quarters it ranged from 1.3% (Q1 2026) to 3.6% (Q3 2026).

Q3 2026 results → · How Marqeta makes money →