Marqeta (MQ) Revenue & Revenue Breakdown


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Marqeta Revenue Highlights


Latest Revenue (Y)

$676.17M

Latest Revenue (Q)

$125.27M

Main Segment (Y)

Platform Service Revenue, Net

Marqeta Revenue by Period


Marqeta Revenue by Year

DateRevenueChange
2023-12-31$676.17M-9.63%
2022-12-31$748.21M44.67%
2021-12-31$517.17M78.16%
2020-12-31$290.29M102.62%
2019-12-31$143.27M-

Marqeta generated $676.17M in revenue during NA 2023, up -9.63% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Marqeta Revenue by Quarter

DateRevenueChange
2024-06-30$125.27M6.19%
2024-03-31$117.97M-0.72%
2023-12-31$118.82M9.12%
2023-09-30$108.89M-52.88%
2023-06-30$231.12M6.34%
2023-03-31$217.34M6.64%
2022-12-31$203.81M6.36%
2022-09-30$191.62M2.65%
2022-06-30$186.68M12.39%
2022-03-31$166.10M6.88%
2021-12-31$155.41M18.17%
2021-09-30$131.51M7.56%
2021-06-30$122.27M13.23%
2021-03-31$107.98M22.44%
2020-12-31$88.20M4.61%
2020-09-30$84.31M21.47%
2020-06-30$69.40M43.43%
2020-03-31$48.39M-

Marqeta generated $125.27M in revenue during Q2 2024, up 6.19% compared to the previous quarter, and up 57.64% compared to the same period a year ago.

Marqeta Revenue Breakdown


Marqeta Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Other Services Revenue$21.62M$22.58M$14.88M
Platform Service Revenue, Net$654.55M$725.63M$502.30M

Marqeta's latest annual revenue breakdown by segment (product or service), as of Dec 23: Platform Service Revenue, Net (96.80%), and Other Services Revenue (3.20%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Platform Service Revenue, Net$113.94M$113.69M$104.33M$226.20M$210.33M$197.69M$185.84M$181.10M$161.00M$151.41M$126.39M$118.26M
Other Services Revenue$4.03M$5.13M$4.56M$4.92M$7.01M$6.12M$5.78M$5.58M$5.10M$4.00M$5.12M$4.00M

Marqeta's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Platform Service Revenue, Net (96.58%), and Other Services Revenue (3.42%).

Marqeta Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
CFLTConfluent$776.95M$234.99M
DOCNDigitalOcean$692.88M$192.48M
MQMarqeta$676.17M$125.27M
DLODLocal$650.35M$184.43M
GLBEGlobal-e Online$569.95M$145.87M
DOCSDoximity$475.42M$126.68M

MQ Revenue FAQ


Marqeta's yearly revenue for 2023 was $676.17M, representing a decrease of -9.63% compared to 2022. The company's yearly revenue for 2022 was $748.21M, representing an increase of 44.67% compared to 2021. MQ's yearly revenue for 2021 was $517.18M, representing an increase of 78.16% compared to 2020.

Marqeta's quarterly revenue for Q2 2024 was $125.27M, a 6.19% increase from the previous quarter (Q1 2024), and a -45.80% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $117.97M, a -0.72% decrease from the previous quarter (Q4 2023), and a -45.72% decrease year-over-year (Q1 2023). MQ's quarterly revenue for Q4 2023 was $118.82M, a 9.12% increase from the previous quarter (Q3 2023), and a -41.70% decrease year-over-year (Q4 2022).

Marqeta's revenue growth rate for the last 3 years (2021-2023) was 30.74%, and for the last 5 years (2019-2023) was 371.97%.

Marqeta's revenue streams in c 23 are Other Services Revenue, and Platform Service Revenue, Net. Other Services Revenue generated $21.62M in revenue, accounting 3.20% of the company's total revenue, down -4.25% year-over-year. Platform Service Revenue, Net generated $654.55M in revenue, accounting 96.80% of the company's total revenue, down -9.80% year-over-year.

For the fiscal year ending Dec 23, the largest source of revenue of Marqeta was Platform Service Revenue, Net. This segment made a revenue of $654.55M, representing 96.80% of the company's total revenue.