MARQETA REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS The global modern card issuer reported Total Processing Volume of $71 billion with Net Revenue of $125 million and Gross Profit of $79 million in the second quarter of 2024. OAKLAND, Calif. – August 7, 2024 - Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the second quarter ended June 30, 2024. The Company reported Total Processing Volume (TPV) of $71 billion, representing a year-over-year increa ...

Analysts on Wall Street project that Marqeta (MQ) will announce quarterly earnings of $0.16 per share in its forthcoming report, representing an increase of 328.6% year over year. Revenues are projected to reach $121.29 million, declining 47.5% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company announces its ...

J Studios/DigitalVision via Getty Images Introduction Marqeta (NASDAQ:MQ) — a modern card issuing and payment solutions platform — is down nearly 20% YTD while the broader markets are up about 10% YTD. Given the stock's poor performance, some investors might have lost their confidence and patience in Marqeta stock. Perhaps, selling Marqeta right now and investing the proceeds in meme stocks like GameStop (GME) or AMC (AMC) might be a good idea... Jokes aside, I'm here to share seven reasons why investors mi ...

Our final question is from Alex Markgraff with KeyBanc Capital Markets. Mike Milotich Yes. I'll add to that, Alex, that credit is a big differentiator. Like a lot of the customers that were focused on either prepaid debit or debit only or even net 30 are actually all of them thinking about what their disposition is on credit. And they've come to us saying, okay, we could have distributed the volume or the relationship among many debit providers. But when it comes to credit, you guys are going to win this. T ...

Marqeta’s latest results and commentary showed momentum in the company’s transaction processing operations — and opportunity in nascent markets such as earned wage access. CEO Simon Khalaf said the company’s efforts and value for its corporate clients span the “spectrum of integrated payment options” across debit, installment payments and a personalized experience for their own end customers.He noted that during a single day during the quarter, the company processed more than $1 billion on total payment vol ...

For the quarter ended March 2024, Marqeta (MQ) reported revenue of $117.97 million, down 45.7% over the same period last year. EPS came in at -$0.07, compared to -$0.13 in the year-ago quarter.The reported revenue represents a surprise of -0.26% over the Zacks Consensus Estimate of $118.27 million. With the consensus EPS estimate being -$0.08, the EPS surprise was +12.50%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Marqeta (MQ) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this transaction processing services provider would post a loss of $0.09 per share when it actually produced a loss of $0.08, delivering a surprise of 11.11%.Over the last four quarters, t ...

7/6 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40465 Marqeta, Inc. (Exact name of registrant as specified in its charter) Delaware 27-4306690 (State ...

MARQETA REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS The global modern card issuer reported $67 billion in Total Processing Volume with Net Revenue of $118 million in the first quarter of 2024. OAKLAND, Calif. – May 7, 2024 - Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the first quarter ended March 31, 2024. The Company reported Total Processing Volume (TPV) of $67 billion, representing a year-over-year increase of 33% driven by volume growth acr ...

Card issuing platform Marqeta has launched a partnership with U.K.-based, entrepreneur-focused digital bank OakNorth.The collaboration will see Marqeta offer a commercial card for OakNorth’s business banking clients, with the Marqeta platform giving these customers a better view of the finances, the companies said in a news release Wednesday (April 24).“Traditional banking products aren’t always a fit for the specific needs of small- and medium-sized businesses, lacking the flexibility that they need in piv ...