OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced its new customer, Internet Travel Solutions (ITS), a leading provider of travel management software that will utilize Marqeta’s comprehensive credit card platform to launch a multi-use travel and expense (T&E) commercial credit card for the mid-sized business market. Business travel in the US is rebounding to pre-pandemic ...

Marqeta Inc. shares powered 5.7% higher Monday as the card-issuing name found a new fan on Wall Street. BofA’s Cassie Chan upgraded the stock to buy from neutral earlier in the day, saying that Marqeta MQ, +5.72% boasts the “enviable combination” of near-term visibility into its financials and emerging opportunities that could help spur 20% growth over the medium term. Chan noted that customers representing 75% of Marqeta’s total payment volume renewed deals between the second quarter of 2022 and the third ...

Vectorian Investment Thesis Marqeta, Inc. (NASDAQ:MQ) is not a blemish-free investment. But even considering its pesky detractions, namely its tight reliance on Block, Inc. (SQ), I maintain that there are more positives than negatives to this investment thesis. Essentially, assuming the best-case scenario, this stock is priced at 75x forward EBITDA. That's clearly far from cheaply priced. However, the one thing that is highly bullish about this stock, is that once it gets beyond Q3 2024, there's a path ...

Marqeta, Torpago and Sunwest Bank launched Sunwest’s commercial credit card and expense management solution called Sunwest Visionary Card.The new bank-branded offering is enabled by Torpago’s commercial credit card and spend management solutions, Marqeta’s global card issuing platform and Sunwest’s entrepreneurial business bank, according to a Thursday (Jan. 25) press release.Torpago’s low-code/no-code Powered By platform provides infrastructure that includes loan origination and underwriting, card issuing ...

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss fourth quarter and full year 2023 financial results on Wednesday, February 28, 2024 at 4:30 pm ET. Hosting the call will be Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer. A press release with the fourth quarter and full year 2023 financial results will be issued after the market closes that same d ...

| --- | --- | --- | |-----------------------------|-------|-------| | | | | | Marqeta Earnings Supplement | | | | November 7, 2023 | | | | | | | | | | | 2 The forward-looking statements in this earnings supplement are based on information available to Marqeta as of the date hereof. Marqeta disclaims any obligation to update any forward-looking statements, except as required by law. Quarterly Total Processing Volume (TPV) Marqeta Earnings Supplement Quarterly Net Revenue Net Revenue (in millions) Marqeta Ear ...

Ashwin Shirvaikar Understood. Got it. Thanks. Hey guys. Thanks for taking the questions. Just thinking about overall TPV growth then, Mike, for the fourth quarter, it sounds like it moderated a little on October. Does that take the growth rate down maybe from prior expectations? And then just thinking the underlying gross profit growth in fourth quarter ex-Block entirely, how did that trend versus expectations in that with your guidance? Mike Milotich Yes. So, on the TPV side, I would say this is all kind o ...

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 September 30, 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) (State or other jurisdicti ...

Simon Khalaf Simon Khalaf - Chief Executive Officer Kathy Chen - Bank of America Merrill Now moving on to Cash App, we're excited to continue our partnership for another four years. We believe this renewal, as well as our renewal with Afterpay. Earlier this year demonstrated the value block fees in our platform and our partnership. This value is exemplified by the scale, flexibility, innovation, and myriad of services we provide to Cash App and Block. While this will impact our financial results in the shor ...

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 June 30, 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 ...