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Marqeta, Inc.
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NASDAQ: MQ Technology IT 🔎 Screen
🏹 Trader: 🎯 Near 52W High 💎 VCP Breakout | BRS 75 Ready View all →
$2.2B
Market Cap
758.5
P/E
—
PEG
-7.9%
ROCE
1.3%
ROE
0.01
D/E
-1.6%
OPM
-7.2%
% from 52W High
57
α RS
🔍 MQ is showing a near-52W-high setup because it's within 7.2% of its 52-week high, an ECS of 51.9 last quarter, and it has maintained a 11-day Near 52-Week High momentum persistence. Net: Broad signal stack, not a recommendation. ? 52W High ECS Momentum Streaks
Sources
7.2% from 52W high · ECS 51.9 · Near 52-Week High streak: 11d
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🌏 Global Investor Returns
Currency-adjusted total returns for MQ including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Marqeta, Inc. operates a cloud-based open API platform for card issuing and transaction processing services in the United States. The company’s platform also provides processor services, bank and network management, program management, and value added services; card issuing, such as debit, prepaid, credit, virtual, and physical cards; UI/UX; access to a suite of bank account and money movement features, including savings accounts, demand deposit accounts, direct deposit with early pay, ACH, cash loads, and fee-free ATMs, bill pay, and instant funding capabilities; Marqeta Dashboard, a self-service portal to access and manage all aspects of card program; TransactPay; Marqeta Hub for consumers, buy now, pay later (BNPL) providers, and card issuers; and credit capabilities, as well as Portfolio Migration which simplifies upgrading existing card programs into its platform. It offers its solutions in various verticals, including financial services, on-demand services, lending, expense management, and e-commerce enablement, as well as BNPL providers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding MQ
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 11.58M $47.2M 0.07% Mar 2026
Steve Cohen Point72 Asset Management 2.15M $8.8M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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📊 MIXED Marqeta Q1 2026: GAAP net income $8M, TPV $112B up 33%, gross profit up 19%.
Revenue & Profitability
Net revenue was $166M (up 19% YoY), gross profit $118M (up 19% YoY). Adjusted EBITDA reached $33M, a 20% margin on net revenue and 28% on gross profit. GAAP net income was $8M, marking first-time quarterly profitability. Cash and short-term investments stood at $712M. The company repurchased 9.4M shares at $4.16 during Q1.
Outlook
Management sees growing demand for multinational card issuing, integrated credit-debit products, and modernization by established issuers. They noted no notable shift in consumer or SMB spending yet, but flagged macroeconomic uncertainty as a risk. The shift from local banks to fintechs and enterprises is accelerating, and early efforts to modernize legacy card issuing technology are gaining traction.
Growth Drivers
Key growth drivers include BNPL (nearly 60% YoY growth), expense management (over 40% YoY), and geographic expansion by existing customers like Sezzle in Canada and Ramp across multiple countries. New capabilities such as Mastercard One Credential and stablecoin-backed cards are expected to contribute. The embedded finance brand launching a secured credit card also adds to the pipeline.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Q1 adjusted EBITDA margin was 20% on net revenue (28% on gross profit). Adjusted operating expenses grew 7% YoY to $84M, benefiting from slower ramp of investment initiatives. Full-year adjusted EBITDA growth is expected to be several points higher than prior guidance (mid- to high 20%). Gross profit take rate decreased slightly to 10.5 bps due to business mix. GAAP net income profitability was achieved for the first time.
Key Risks
Management highlighted macroeconomic uncertainty as the primary risk, though no spending shifts have been observed yet. The expected decline in Block new card issuance is projected to impact gross profit growth by about 1.5 percentage points in 2026 (down from earlier 1.5-2% estimate). Tougher comps in BNPL and renewal activity are also near-term headwinds. The Q2 gross profit growth guidance of 14-16% reflects these factors.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Q2 2026 delivered strong growth with TPV up 32% and gross profit up 17% year-over-year, driven by platform expansion, larger enterprise deals, and international growth. Guidance for the second half reflects tougher comps and customer-specific dynamics, but full-year profitability and cash flow remain robust.
Q1 2026 Q1 2026 2026-05-05
Q1 2026 saw 19% revenue and gross profit growth, 33% TPV growth, and GAAP profitability with $8M net income. Lending and expense management segments led growth, while guidance for 2026 remains steady with raised net income expectations.
Q4 2025 Q4 2025 2026-02-24
Q4 2025 saw record TPV and strong revenue growth, with Europe and value-added services as key drivers. 2026 guidance reflects headwinds from major renewals and Block contract tiering, but underlying business momentum remains robust.
Q3 2025 Q3 2025 2025-11-05
Q3 2025 saw record TPV, net revenue, and adjusted EBITDA, driven by strong growth in lending, commercial, and European segments. The TransactPay acquisition enabled a unified European offering, while guidance for Q4 and full-year 2025 was raised, despite anticipated headwinds from customer renewals and accounting changes.
Q2 2025 Q2 2025 2025-08-06
Q2 2025 saw robust growth in TPV, revenue, and gross profit, with adjusted EBITDA at record levels and near GAAP breakeven. Raised full-year guidance reflects strong momentum in lending, BNPL, and international expansion, supported by the TransactPay acquisition.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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