Marqeta, Inc. ( (MQ) ) has released its Q2 earnings. Here is a breakdown of the information Marqeta, Inc. presented to its investors.
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Marqeta, Inc. is a global modern card issuing platform that enables companies to build and embed financial services into their branded experiences, operating primarily in the fintech industry with a focus on innovative card programs and seamless geographic expansion.
In its second quarter of 2025 financial results, Marqeta reported significant growth in Total Processing Volume and Gross Profit, alongside strategic business developments, including the introduction of the KlarnaOne Card and the acquisition of TransactPay.
Key financial highlights for the quarter include a 29% year-over-year increase in Total Processing Volume to $91 billion and a 31% rise in Gross Profit to $104 million. The company’s Net Revenue grew by 20% to $150 million, while Adjusted EBITDA reached $29 million, marking a substantial improvement from the previous year. Marqeta’s strategic acquisition of TransactPay is expected to enhance its program management capabilities in Europe, providing a more integrated solution for its customers.
Despite reporting a GAAP Net Loss of $0.6 million, Marqeta’s financial performance reflects strong operational growth and strategic positioning in the market. The company’s focus on expanding customer relationships and innovative offerings continues to drive its business momentum.
Looking ahead, Marqeta’s management anticipates continued growth with projected Net Revenue and Gross Profit increases for the third quarter and fiscal year 2025, signaling confidence in its strategic direction and market opportunities.