Marqeta (MQ) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 13, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

>-0.01

Last Year’s EPS

-0.02

Same Quarter Last Year

Analyst Consensus

Hold

Based on 8 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 24, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong Q4 and full‑year 2025 operating and financial performance — record TPV ($109B), accelerated TPV growth (36% YoY), robust net revenue and gross profit expansion, record adjusted EBITDA and margin improvement, strong European and BNPL traction, and meaningful value‑added services momentum. These positives were balanced by explicit guidance for moderated 2026 growth driven largely by timing effects (two large renewals and Block pricing tier), some customer concentration and Cash App issuance diversification, and an accounting change that weighed on YoY comparisons. Management highlighted efficiency gains, a healthy balance sheet, buybacks, and a path to GAAP profitability (~$10M projected for 2026). Overall, the positives (strong execution, margin expansion, diversification into Europe and VAS, and cash/buybacks) materially outweigh the near‑term headwinds tied to timing and contract dynamics.

Company Guidance

Marqeta guided that 2026 TPV growth should moderate into the high‑20s% (adding roughly $100B of TPV) with full‑year gross profit growth of 10–12% (implied gross profit of $481–$490M) and net revenue growth of 12–14%; adjusted operating expenses are expected to grow mid‑ to high‑single digits while adjusted EBITDA should grow in the mid‑20s% and GAAP net income is expected to be modestly positive (around $10M). Management expects a quarterly cadence of TPV growth in the low‑30s% in H1 then moderating to the mid‑20s% by Q4; Q1 gross profit and net revenue are each guided to grow 17–19% (Q1 adjusted EBITDA growth 45–50%), Q2 gross profit is ~3 points lower than Q1 (Q2 adjusted EBITDA growth ~10–15%), and second‑half gross profit growth should slow to the high single digits with second‑half adjusted EBITDA growth of ~20–25%. They warned of timing headwinds that shave roughly 7 percentage points off 2026 gross profit growth (two large renewals ~4 pts and Block price‑tiering ~3 pts), plus ~1.5–2 pts from Cash App new‑issuance diversification, and called out additional second‑half pressures including lapping TransactPay (~3 pts), lapping strong BNPL comps (~1 pt) and incentive timing (~1 pt). They expect to be approximately GAAP breakeven in the first two quarters and to generate net income in H2, and plan continued disciplined investment in technology, go‑to‑market and compliance.

Record TPV and Accelerating Volume Growth

Q4 TPV reached $109 billion (first quarter > $100B), up 36% year‑over‑year; this was the third straight quarter with TPV growth accelerating by 3 percentage points sequentially, demonstrating strong business momentum.

Revenue and Gross Profit Expansion

Q4 net revenue of $172 million (+27% YoY) and Q4 gross profit of ~$120 million (+22% YoY). Full‑year 2025 net revenue grew 23% and gross profit grew 24% YoY; gross profit growth exceeded expectations by ~4 percentage points in Q4.

Record Adjusted EBITDA and Margin Improvement

Q4 adjusted EBITDA was $31 million (18% of net revenue) and adjusted EBITDA margin on gross profit was 26%. Adjusted EBITDA more than doubled YoY in Q4; full‑year 2025 adjusted EBITDA was $110 million ( >3.5x 2024), and the company is trending toward GAAP profitability.

Strong European Traction and Strategic Acquisition

Europe TPV grew more than twice the company rate in Q4; 2025 Europe TPV was ~8x 2022 levels and Q4 Europe TPV was nearly 40% higher than Marqeta's entire 2023 annual TPV. Completed TransactPay acquisition (Q3 2025), enabling EMI license and an end‑to‑end UK/EU offering.

Robust Growth in Lending / BNPL

Lending, including Buy‑Now‑Pay‑Later, grew just shy of 60% YoY in Q4. Company added new BNPL customers and flips, and is supporting new flexible credential and wallet solutions that drive adoption and geographic expansion.

Value‑Added Services Momentum

Value‑added services contributed over 7% of gross profit in Q4 and more than doubled YoY. 18 of top 20 customers use at least one value‑added service; penetration among top customers continues to increase, bolstering stickiness and margins.

Strong Balance Sheet and Share Repurchases

Ended Q4 with approximately $770 million in cash and short‑term investments. Repurchased 20.2 million shares in Q4 at an average price of $4.76; total 2025 repurchases were 84.8 million shares at $4.59 avg, reducing outstanding shares by ~17% vs 2024 year‑end; $91 million remains on buyback authorization.

Enterprise Wins and Larger Deal Size

Shift toward enterprise customers: signed 3 Fortune 500 customers in 2025, average deal size increased over 20% YoY, ~40 new logos over the past 2 years, and top customers are adding multiple programs (14 of top 15 added at least one).

Marqeta (MQ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2026	2026 (Q1)	>-0.01 / -	-0.02	―	―	―
Feb 24, 2026	2025 (Q4)	>-0.01 / 0.00	-0.05	―
Nov 05, 2025	2025 (Q3)	-0.02 / -0.01	-0.06	83.33% (+0.05)
Aug 06, 2025	2025 (Q2)	-0.03 / 0.00	0.23	―
May 07, 2025	2025 (Q1)	-0.04 / -0.02	-0.07	71.43% (+0.05)
Feb 26, 2025	2024 (Q4)	-0.05 / -0.05	-0.08	37.50% (+0.03)
Nov 04, 2024	2024 (Q3)	-0.05 / -0.06	-0.1	40.00% (+0.04)
Aug 07, 2024	2024 (Q2)	0.21 / 0.23	-0.11	309.09% (+0.34)
May 07, 2024	2024 (Q1)	-0.08 / -0.07	-0.13	46.15% (+0.06)
Feb 28, 2024	2023 (Q4)	-0.08 / -0.08	-0.05	-60.00% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MQ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 24, 2026	$4.16	$3.86	-7.21%
Nov 05, 2025	$4.48	$4.88	+8.93%
Aug 06, 2025	$5.68	$6.83	+20.25%
May 07, 2025	$4.09	$4.49	+9.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.