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 ...

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 ...

Marqeta, Inc. (NASDAQ:MQ) Q4 2023 Earnings Conference Call February 28, 2024 4:30 PM ET Company Participants Stacey Finerman - Vice President, Investor Relations Simon Khalaf - Chief Executive Officer Mike Milotich - Chief Financial Officer Conference Call Participants Timothy Chiodo - UBS Ramsey El-Assal - Barclays Tien-Tsin Huang - JPMorgan Darrin Peller - Wolfe Research Bryan Keane - Deutsche Bank James Faucette - Morgan Stanley Dan Dolev - Mizuho Craig Maurer - FT Partners Chris Kennedy - William Blair ...

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 ...

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 ...

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 ...