Earnings summaries and quarterly performance for Marqeta.
Executive leadership at Marqeta.
Board of directors at Marqeta.
Research analysts who have asked questions during Marqeta earnings calls.
Darrin Peller
Wolfe Research, LLC
6 questions for MQ
Also covers: ACN, ADYYF, AVDX +24 more
Timothy Chiodo
UBS Group AG
6 questions for MQ
Also covers: AFRM, AVDX, CHYM +16 more
Craig Maurer
FT Partners
4 questions for MQ
Also covers: AVDX, AXP, MA +3 more
James Faucette
Morgan Stanley
4 questions for MQ
Also covers: ACN, ADP, AFRM +24 more
Tien-tsin Huang
JPMorgan Chase & Co.
4 questions for MQ
Also covers: ACN, ADP, ALIT +23 more
Andrew Bauch
Wells Fargo & Company
3 questions for MQ
Also covers: AFRM, AVDX, FLYW +9 more
Ramsey El-Assal
Barclays
3 questions for MQ
Also covers: ACN, ADP, AFRM +20 more
Sanjay Sakhrani
Keefe, Bruyette & Woods (KBW)
3 questions for MQ
Also covers: ALLY, AVDX, AXP +17 more
Cristopher Kennedy
William Blair & Company
2 questions for MQ
Also covers: ALKT, AXP, CTLP +14 more
Jamie Friedman
Susquehanna International Group
2 questions for MQ
Also covers: ACN, AFRM, CTSH +7 more
Andrew Schmidt
Citigroup Inc.
1 question for MQ
Also covers: ALKT, BILL, CWAN +15 more
Bryan Keane
Deutsche Bank
1 question for MQ
Also covers: ACN, ADP, AVDX +15 more
Bryan Keene
Citigroup
1 question for MQ
Cassie Chan
Bank of America
1 question for MQ
Also covers: DLO, TASK, TTEC
Connor
JPMorgan Chase & Co.
1 question for MQ
Connor O'Mara
JPMorgan Chase & Co.
1 question for MQ
Nate Svensson
Deutsche Bank
1 question for MQ
Also covers: AFRM, CPAY, DAVA +8 more
Vasundhara Govil
Keefe, Bruyette & Woods (KBW)
1 question for MQ
Also covers: EEFT, EVTC, FIS +4 more
Recent press releases and 8-K filings for MQ.
Marqeta Discusses Strategic Initiatives, Growth Drivers, and Financial Outlook
MQ
CEO Change
Guidance Update
Revenue Acceleration/Inflection
- Mike Milotich was recently named CEO of Marqeta, having served as interim CEO since February. His strategic focus includes continuing to develop Marqeta's full, modern platform and ensuring its scalability, with an expected addition of approximately $100 billion in volume this year.
- The company reported strong performance in its buy now, pay later (BNPL) business, with lending and BNPL use cases growing over 60%, which is twice the company's overall rate, and accelerating 10 points from Q2. The on-demand delivery business also saw its growth rate double into double digits.
- Marqeta expects to grow gross profit over 20% this year, an acceleration from the 18% exit rate in Q4 last year. Adjusted EBITDA is projected to exceed $100 million this year, more than tripling last year's $29 million, with an EBITDA margin of approximately 17%.
- Marqeta's largest customer, Block, is diversifying processors for new Cash App card issuance starting January 1st, which is expected to result in a 200 basis points gross profit impact in 2026.
- The company anticipates adjusted expenses to grow in the low single digits this year and high single digits going forward, which is significantly slower than gross profit growth, indicating continued margin expansion. Stock-based compensation is expected to stabilize around $110 million annually, contributing to a goal of GAAP break-even in 2026.
Dec 2, 2025, 7:15 PM
Marqeta CEO Discusses Strategic Initiatives, Growth Drivers, and Financial Outlook
MQ
CEO Change
Guidance Update
Revenue Acceleration/Inflection
- Mike Milotich, recently appointed CEO, outlined Marqeta's strategic focus on its modern platform operating at scale across 40+ markets, emphasizing enhanced capabilities and operational efficiency.
- The company reported robust growth in key segments, with the lending and buy now, pay later (BNPL) use case accelerating 10 points from Q2 to grow over 60% in the last quarter, and Europe's Total Processing Volume (TPV) growing over 100% in Q3.
- Marqeta expects gross profit growth of over 20% this year, an increase from 18% in Q4 last year, and projects adjusted EBITDA to exceed $100 million (more than three times last year's $29 million), reaching an approximate 17% EBITDA margin.
- Looking ahead, Block's diversification of Cash App processing is anticipated to result in a 200 basis points gross profit impact in 2026, and two major contract renewals are expected to each impact growth by about 2 points in Q4 2025 and early 2026. Despite these factors, the company aims for at least GAAP break-even in 2026.
Dec 2, 2025, 7:15 PM
Marqeta Reports Strong Q3 Metrics and Outlines Growth Drivers and Profitability Path
MQ
Revenue Acceleration/Inflection
Guidance Update
M&A
- Marqeta reported impressive third-quarter metrics, with TPV up 33%, net revenue up 28%, gross profit up 27%, and an EBITDA margin of 19%. The company anticipates adjusted EBITDA to exceed $100 million in 2025, more than tripling the $29 million from the previous year, and expects to achieve GAAP break-even in 2026.
- The Buy Now Pay Later (BNPL) use case is experiencing significant acceleration, with TPV growth over 60%, driven by the Visa Flexible Credential, increased wallet distribution, and European expansion. Expense management also shows consistent growth in the 30% range, fueled by platform flexibility and embedded finance opportunities.
- International expansion, particularly in Europe, is growing over 100% and is expected to sustain elevated growth due to the platform's capabilities and the strategic acquisition of TransactPay. TransactPay is anticipated to significantly improve gross profit take rates in Europe by enabling program management and EMI licenses.
- Marqeta is managing the impact of Block's diversification, which could affect gross profit by high single-digit millions (approximately two points of growth) in 2026 if all new issuance moves to another platform. The company aims to remain Block's primary provider and is implementing new pricing strategies for renewals to minimize future drag.
Nov 18, 2025, 2:45 PM
Marqeta Discusses Q3 Performance, Growth Drivers, and Profitability Outlook
MQ
Guidance Update
Revenue Acceleration/Inflection
CFO Change
- Marqeta reported strong third-quarter metrics, with TPV up 33%, net revenue up 28%, gross profit up 27%, and an EBITDA margin of 19%.
- The company is experiencing significant growth in its Buy Now Pay Later (BNPL) segment, which is growing over 60%, and international volumes, with Europe growing over 100% for many quarters, boosted by the TransactPay acquisition.
- Marqeta expects its adjusted EBITDA to exceed $100 million in 2025, more than triple the $29 million from the previous year, and anticipates reaching GAAP break-even in 2026.
- The company is actively searching for a new CFO and is managing the diversification of its Block relationship, which could impact gross profit by high single-digit millions in 2026.
Nov 18, 2025, 2:45 PM
Marqeta Discusses Q3 Performance, Strategic Growth, and Financial Outlook
MQ
Earnings
Guidance Update
M&A
- Marqeta reported impressive third-quarter metrics, including 33% TPV growth, 28% net revenue growth, 27% gross profit growth, and a 19% EBITDA margin.
- The company is actively searching for a new CFO, with the process "going well".
- The Buy Now Pay Later (BNPL) use case grew over 60%, accelerating by approximately 30 points since Q1 2024, driven by the Visa Flexible Credential, increased wallet distribution, and European migrations.
- International growth in Europe continues to exceed 100%, significantly boosted by the TransactPay acquisition, which enables program management and EMI licenses, aiming to improve gross profit take rates and attract larger clients.
- Marqeta expects adjusted EBITDA to exceed $100 million in 2025, more than tripling the $29 million from the previous year, with a long-term EBITDA margin goal of 50% and GAAP break-even expected in 2026.
Nov 18, 2025, 2:45 PM
Marqeta Reports Strong Q3 2025 Results and Raises Full-Year Guidance
MQ
Earnings
Guidance Update
Share Buyback
- Marqeta reported strong Q3 2025 financial results, with Total Processing Volume (TPV) of $98 billion, a 33% increase year-over-year, and net revenue of $163 million, up 28% year-over-year. Adjusted EBITDA reached an all-time high of $30 million in the quarter.
- The company's performance was driven by robust growth in lending use cases (including buy now, pay later), commercial programs, and Europe, where TPV growth remained over 100% year-over-year.
- Marqeta repurchased 3.2 million shares at an average price of $6.12 in Q3 2025, bringing the year-to-date total to 64.6 million shares at an average price of $4.53.
- For Q4 2025, Marqeta expects net revenue to grow between 22%-24% and gross profit between 17%-19%, leading to a full-year 2025 adjusted EBITDA of over $100 million. The company also noted potential headwinds in 2026 from customer renewals and Cash App diversifying new issuance.
Nov 5, 2025, 9:30 PM
Marqeta Reports Strong Q3 2025 Results and Raises Full-Year Guidance
MQ
Earnings
Guidance Update
Share Buyback
- Marqeta reported strong Q3 2025 financial results, with Total Processing Volume (TPV) reaching $98 billion, a 33% increase year-over-year, and net revenue of $163 million, up 28%.
- Adjusted EBITDA reached an all-time high of $30 million with a 19% margin in Q3 2025.
- The company raised its full-year 2025 expectations, now anticipating net revenue growth of approximately 22% and adjusted EBITDA of over $100 million (approximately 17% margin).
- Growth was primarily driven by lending use cases, including buy now, pay later, and international expansion, with Europe TPV growing over 100%.
- Marqeta continued its share repurchase program, buying back 3.2 million shares in Q3 2025 at an average price of $6.12, with $88 million remaining on the authorization as of September 30, 2025.
Nov 5, 2025, 9:30 PM
Marqeta announces Q3 2025 results and raises full-year guidance
MQ
Earnings
Guidance Update
Legal Proceedings
- Marqeta reported strong Q3 2025 financial results, with Net Revenue of $163 million, Gross Profit of $115 million, and Adjusted EBITDA of $30 million, alongside a Total Processing Volume (TPV) of $98 billion.
- The company raised its financial guidance for Fiscal Year 2025, now expecting Net Revenue Growth of approximately 22%, Gross Profit Growth of approximately 23%, and an Adjusted EBITDA Margin of approximately 17%.
- For Q4 2025, Marqeta projects Net Revenue Growth of 22-24%, Gross Profit Growth of 17-19%, and an Adjusted EBITDA Margin of 15-16%.
- A non-recurring litigation expense of $4,297 thousand was recognized in Q3 2025 due to a class action securities litigation.
Nov 5, 2025, 9:30 PM
Marqeta Reports Strong Q3 2025 Results and Raises Full-Year Guidance
MQ
Earnings
Guidance Update
M&A
- Marqeta reported strong Q3 2025 financial results, with Total Processing Volume (TPV) increasing 33% year-over-year to $98 billion, net revenue growing 28% to $163 million, and adjusted EBITDA reaching an all-time high of $30 million.
- The company raised its full-year 2025 expectations, now projecting net revenue growth of approximately 22%, gross profit growth of approximately 23%, and adjusted EBITDA of over $100 million (approximately 17% margin).
- The acquisition of TransactPay was completed on July 31st, expanding Marqeta's capabilities and market reach in Europe, contributing to Europe's TPV growth of over 100% year-over-year.
- Marqeta repurchased 3.2 million shares in Q3 2025 at an average price of $6.12, contributing to a year-to-date reduction of nearly 13% of total issued and outstanding shares.
Nov 5, 2025, 9:30 PM
Marqeta Reports Q3 2025 Financial Results
MQ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Marqeta reported strong financial results for Q3 2025, with Total Processing Volume (TPV) increasing 33% year-over-year to $98 billion, Net Revenue growing 28% to $163 million, and Gross Profit rising 27% to $115 million.
- The company significantly improved its profitability in Q3 2025, reporting a GAAP Net Loss of $4 million, an 87% improvement compared to the prior year, and Adjusted EBITDA of $30 million, a 236% increase year-over-year.
- Marqeta provided financial guidance for Q4 2025, projecting Net Revenue Growth between 22% and 24%, Gross Profit Growth between 17% and 19%, and an Adjusted EBITDA Margin of 15% to 16%.
- The company noted business momentum, including signing a global Fortune 500 company and enabling an existing expense management customer's expansion into Europe.
Nov 5, 2025, 9:10 PM
Quarterly earnings call transcripts for Marqeta.
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