Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain.The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Marqeta powering the Rain Card, a branded debit card that lets employers easily disburse earned wagers onto the cards.“Over 60% of Americans are living paycheck-to-paycheck and seeking ways to take control of their finances,” the companies said in a news release.“Offering employees quicker access to their hard-earn ...

EschCollection Investment overview I wrote about Marqeta (NASDAQ:MQ) previously with a buy rating as I saw strong secular tailwinds that should support MQ’s long-term growth outlook. I expected the MQ product moat to enable it to continue winning share from legacy providers. I still think MQ is able to drive growth back to >20%, as I expected previously. It is evident that the new GTM strategy is working out well, and growth initiatives are all showing positive traction that supports long-term growth. T ...

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced that its platform processed more than $1 billion in volume in a single day for the first time, a significant new milestone for the company. This announcement comes shortly after Marqeta’s Q4 and Full Year 2023 earnings, where it announced that it had exceeded $200 billion in annual TPV only two years after it reached $100 billion, ...

Marqeta (MQ) reported $118.82 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 41.7%. EPS of -$0.08 for the same period compares to -$0.05 a year ago.The reported revenue represents a surprise of +7.66% over the Zacks Consensus Estimate of $110.36 million. With the consensus EPS estimate being -$0.09, the EPS surprise was +11.11%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

So -- and all of them processing is kind of the least common denominator. And just in time processing is the least common denominator, everybody uses it. And then as we started rolling out like banking-as-a-service product, program management such as disputes and chargebacks, risk solutions, those are kind of like good addons. But I'd say what also has happened is a lot of our customers started launching multiple programs with us. Like as an example, the buy now pay later community, most of them started wit ...

Marqeta (MQ) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this transaction processing services provider would post a loss of $0.10 per share when it actually produced a loss of $0.07, delivering a surprise of 30%.Over the last four quarters, the ...

MARQETA REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS The global modern card issuing platform had $62 billion in fourth quarter total processing volume, up 33 percent year- over-year, and generated $119 million in fourth quarter net revenue. Total processing volume (TPV) was $62 billion for the quarter, representing a 33% year-over-year increase, and TPV was $222 billion for the full 2023 fiscal year, an annual increase of 34%. Marqeta's Q4 earnings are the Company's second full quarter of fin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 int FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 or o ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Marqeta (MQ) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 28, 2024, might help the stock move higher if these key numbers are better than expecta ...

DANBURY, Conn., Feb. 15, 2024 /PRNewswire/ -- Scott Shamberg, former global CEO of Publicis performance agency Performics, was introduced today as President of PlusMedia, LLC, a full-service performance marketing company dedicated to helping its clients connect, acquire and retain customers across an integrated, omnichannel customer journey in a continuous effort to drive revenue growth.  Working alongside PlusMedia Founder & CEO, Sherry Scapperotti, Scott will lead the executive team while managing the ove ...