MQ

Marqeta Inc. Class A Common Stock Earnings Recaps

MQ Information Technology 2 recaps
Next earnings: November 4, 2026 (estimated) · full calendar
Q2 2026 Aug 7, 2026

Shares dropped 6.7% as Marqeta's cautious outlook and signs of margin pressures overshadowed solid top-line growth, raising investor concerns about sustained profitability and future momentum.

Key takeaways
  • Total Payment Volume (TPV) grew 32% year-over-year to $120 billion, maintaining over 30% growth for the fourth consecutive quarter.
  • Gross profit increased 17%, supported by strong volume gains but potentially signaling margin pressure amid broader business investments.
  • Adjusted EBITDA rose 31%, reaching a 21% margin, though investors appear wary of margin compression risks going forward.
  • The company reported $8 million in GAAP net income, marking the second consecutive quarter of profitability, yet investors remain cautious on durability.
  • Management highlighted expanding multinational card issuing capabilities and new stablecoin-backed card offerings, but the cautious guidance and outlook tempered enthusiasm.
Full recap
Q3 2025 Nov 6, 2025

Marqeta delivered impressive Q3 2025 results with total processing volume (TPV) reaching $98 billion, up 33% year-over-year, highlighting robust growth and improved profitability metrics.

Key takeaways
  • TPV accelerated for the second consecutive quarter, a notable 33% increase year-over-year, marking the highest growth rate since Q1 2024.
  • Net revenue rose 28% to $163 million, with gross profit increasing in line at $115 million, demonstrating operational efficiency.
  • Adjusted EBITDA reached $30 million, representing a 19% margin, as the company maintains cost discipline while investing in future growth.
  • Strong demand in lending solutions, especially 'Buy Now, Pay Later' use cases, contributed to accelerated TPV growth in commercial programs and partnerships.
  • Expansion of bank partnerships, including Cross River Bank and new integrations in Europe, enhances Marqeta's capabilities and market reach.
Full recap

Go deeper on MQ and the wider market.

All earnings recaps Browse the latest results across the market. Stock directory Browse companies by sector and market. Highest-yield stocks A curated screen of top dividend payers. Investing glossary Plain-English definitions for every metric.