来源：市场资讯 （来源：君实财经） Circle (CRCL) 2025 年第四季度财报电话会议记录 日期 2026年2月25日星期三上午8点（美国东部时间）电话参与者 首席财务官 — 杰里米·福克斯-吉恩 投资者关系副总裁——约翰·安德鲁斯要点 USDC 流通量——截至期末为 753 亿美元，同比增长 72%，其中平台内 USDC 增长 5.6 倍至 125 亿美 元，占总流通量的 17%。 链上交易量——本季度接近 12 万亿美元，同比增长 247%，表明数字美元的实用性和普及程度不断提 高。 总收入和储备金收入——7.7亿美元，同比增长77%，主要得益于美国存款账户增长和其他收入组成部 分。 调整后 EBITDA为 1.67 亿美元，同比增长 412%，调整后 EBITDA 利润率为 54%。 扣除分销成本后的收入利润率 (RLDC)为 40.1%，本季度环比增长 0.6 个百分点，主要原因是其他收入 增加。 分销、交易和其他成本——4.61亿美元，同比增长52%，其中包括上一年向一家大型合作伙伴支付的 6000万美元一次性款项。 其他收入——3700万美元，其中包括来自区块链网络合作的2470万美元和 ...

Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Five9, Inc., encouraging shareholders to contact the firm to discuss their rights and possible corporate governance reforms [1]. Group 1: Shareholder Rights and Legal Actions - Shareholders of Five9, Inc. may seek corporate governance reforms, return of funds, court-approved financial incentives, or other benefits [1]. - The firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees [1]. Group 2: Importance of Shareholder Involvement - Shareholder participation is crucial for improving company policies, practices, and oversight, which can enhance overall shareholder value [1]. - Halper Sadeh LLC has a history of representing investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [1].

Core Insights - Marqeta's fourth-quarter earnings call highlighted the importance of embedded finance and card issuing as key components of its growth strategy [1][2] - The company achieved a total processing volume of $109 billion, marking a significant milestone as it crossed the $100 billion threshold for the first time in a single quarter [2] - Lending, particularly buy now, pay later (BNPL), emerged as the fastest-growing segment, with volumes increasing nearly 60% year over year [3] Financial Performance - Financial services, Marqeta's largest use case, returned to growth rates exceeding 30%, while on-demand delivery showed gradual recovery into double-digit growth [4] - Net revenue increased by 27% year over year to $171 million, with both net revenue and gross profit growth surpassing expectations by approximately four percentage points [14][15] Customer Strategy - A shift towards enterprise customers seeking integrated issuing solutions was emphasized, with fewer but larger deals being made [5][6] - 14 of the top 15 customers added at least one new program in the past two years, indicating a focus on deeper integration rather than merely expanding the client base [6] Market Dynamics - The demand for embedded finance solutions is growing, with enterprises looking for integrated, multinational capabilities to support rapid scaling [8] - The transition from virtual card credentials to consumer credentials is expected to create more durable relationships and enhance card issuance economics [12][13] Future Outlook - Management projected a moderation in gross profit growth for 2026 due to two large renewals and a shift in pricing tiers, which may impact future performance [16]

Marqeta (NasdaqGS:MQ) Q4 2025 Earnings call February 24, 2026 04:30 PM ET Company ParticipantsConnor Allen - VPCraig Maurer - Managing DirectorDarrin Peller - Managing DirectorMaria Graizer - Director of Investor RelationsMichael Infante - VP of Equity ResearchMike Milotich - CEOPatti Kangwankij - CFOTimothy Chiodo - Managing DirectorConference Call ParticipantsAndrew Schmidt - Fintech, Software, and Payments Equity Research AnalystSanjay Sakhrani - Managing Director and Senior AnalystOperatorLadies and gen ...

Marqeta (NasdaqGS:MQ) Q4 2025 Earnings call February 24, 2026 04:30 PM ET Company ParticipantsConnor Allen - VPCraig Maurer - Managing DirectorDarrin Peller - Managing DirectorMaria Graizer - Director of Investor RelationsMichael Infante - VP of Equity ResearchMike Milotich - CEOPatti Kangwankij - CFOTimothy Chiodo - Managing DirectorConference Call ParticipantsAndrew Schmidt - Fintech, Software, and Payments Equity Research AnalystSanjay Sakhrani - Managing Director and Senior AnalystOperatorLadies and gen ...

Marqeta (NasdaqGS:MQ) Q4 2025 Earnings call February 24, 2026 04:30 PM ET Speaker6Ladies and gentlemen, welcome to the Marqeta fourth quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Maria Graizer, Director of Investor Relations. Please go ahead.Speaker5Thanks, operator. Good afternoon, everyon ...

Key insights: PayPal suffered a breach due to a faulty code in its small-business lending group. What's at stake: The breach comes as PayPal attempts to recover from an earnings slump. Forward look: PayPal has refunded the stolen funds and offered two years of free credit monitoring. PayPal has spent the past few weeks cleaning up after a data breach caused some customers to lose funds to hackers. PayPal's Feb. 10 breach disclosure letter said that on Dec. 12, the company discovered a coding error i ...

Square's short documentary film about BVO can be watched in full at: https://youtu.be/YrU_mVgRjtE To learn more about Square, visit squareup.com. Operating in one of the nation's 30 busiest airports, Pages & Pages is transforming how its blind and low-vision employees serve over 21 million travelers annually. The implementation of Square's accessible technology suite marks a significant upgrade from a prior, decades-old system that limited employee independence and operational efficiency. By switching to Sq ...

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Monday. With the Winter Olympics officially wrapped up, many athletes are leaving Italy with more than just a medal.Stock futures are lower this morning following a winning week for all three major indexes.Here are five key things investors need to know to start the trading day:1. If at first you don't succeedU.S. President Donald Trump answers questions during a press briefing held at the White House Feb ...

Global business platform Square continues to expand its partner ecosystem and now has almost 1,000 partners in its Square App Marketplace and its Square Specialists directory, the company said in a Thursday (Feb. 19) press release.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited f ...