Marqeta Earnings Supplement November 5, 2025 Marqeta Earnings Supplement 1 Safe Harbor Statement This earnings supplement contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this presentation include, but are not limited to, statements relating to Marqeta's quarterly and annual guidance; statements regarding Marqeta's business plans, business strategy and the conti ...

Financial Performance - Marqeta's Total Processing Volume (TPV) in Q2 2025 reached $91 billion[8], reflecting a 29% increase year-over-year[8] - Net Revenue for Q2 2025 was $150 million[12], representing a 20% increase year-over-year[12] - Gross Profit for Q2 2025 was $104 million[15], with a Gross Profit Margin of 69%[15]; the increase was partly driven by a revised accounting policy for estimating and recognizing Card Network Incentives, effective Q2'25, which contributed 8.6 percentage points to the Gross Profit growth[16] - Adjusted Operating Expenses for Q2 2025 were $76 million[18], a decrease of 7% year-over-year[18] - Adjusted EBITDA for Q2 2025 was $29 million[21], resulting in an Adjusted EBITDA Margin of 19%[21] Financial Guidance - The company projects Net Revenue Growth of 15-17% for Q3 2025 and 17-18% for fiscal year 2025[32] - Gross Profit Growth is expected to be 12-13% for Q3 2025 and 18-19% for fiscal year 2025[32] - Adjusted EBITDA Margin is anticipated to be 15-17% for Q3 2025 and 14-15% for fiscal year 2025[32] Non-GAAP Measures - The report utilizes non-GAAP financial measures such as Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Operating Expenses to provide supplemental insights into the company's performance[23] - Adjusted EBITDA is defined as Net (loss) income adjusted to exclude depreciation and amortization; share-based compensation expense; executive chairman long-term performance award; payroll tax related to share-based compensation; restructuring and other one-time costs; acquisition-related expenses; income tax expense; and other income, net[24] - Adjusted Operating Expenses are defined as total operating expenses adjusted to exclude depreciation and amortization; share-based compensation expense; executive chairman long-term performance award; payroll tax related to share-based compensation; restructuring and other one-time costs; and acquisition-related expenses[26]

Financial Performance (Q1 2025) - Total Processing Volume (TPV) reached $84 billion[8], a 27% increase year-over-year[8] - Net Revenue was $139 million[11], an 18% increase year-over-year[11] - Gross Profit was $99 million[14], with a Gross Profit Margin of 71%[14], representing a 17% increase year-over-year[14] - Non-GAAP Operating Expenses were $79 million[17], a 5% increase year-over-year[17] - Adjusted EBITDA was $20 million[19], with an Adjusted EBITDA Margin of 14%[19] Financial Guidance (Q2 and FY 2025) - Second Quarter 2025 Net Revenue Growth is projected at 11-13%[31] - Second Quarter 2025 Adjusted EBITDA Margin is projected at 13-15%[31] - Second Quarter 2025 Gross Profit Growth is projected at 10-11%[31] - Fiscal Year 2025 Net Revenue Growth is projected at 23-25%[31] - Fiscal Year 2025 Adjusted EBITDA Margin is projected at 14-16%[31] - Fiscal Year 2025 Gross Profit Growth is projected at 10-11%[31]