Marqeta (NASDAQ:MQ) Releases Quarterly Earnings Results

Marqeta (NASDAQ:MQ) posted its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $165.80 million during the quarter, compared to analyst estimates of $164.30 million. Marqeta had a negative net margin of 2.23% and a negative return on equity of 1.62%. Marqeta’s revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) EPS.

Here are the key takeaways from Marqeta’s conference call:

• Marqeta delivered Q1 GAAP profitability with $8M net income, adjusted EBITDA of $33M (20% margin), gross profit up 19% and TPV up 33%.
• Management emphasized the competitive edge of Marqeta’s platform — multi‑country issuing, an integrated debit‑to‑credit product continuum — supported by customer wins/expansions (Sezzle in Canada, Ramp international rollout, a large portfolio migration using Mastercard One Credential) and pilot work on stablecoin‑backed cards.
• Guidance was reaffirmed for Q2 and the year (Q2 net revenue/gross profit +14–16%; full‑year net revenue +12–14%, gross profit +10–12%), the company raised 2026 GAAP net income expectation to about $15M, and share repurchases remain active with ~$52M available.
• Risks include a planned reduction in Block/Cash App new issuances that now looks to be a ~1.5 percentage point headwind to gross profit growth, tougher BNPL comps in later quarters, and general macro uncertainty that could pressure back‑half performance.

Marqeta Stock Down 10.2%

Shares of MQ traded down $0.46 during mid-day trading on Wednesday, hitting $4.03. 2,987,939 shares of the company’s stock were exchanged, compared to its average volume of 3,675,731. The firm has a fifty day moving average of $4.11 and a two-hundred day moving average of $4.43. Marqeta has a twelve month low of $3.70 and a twelve month high of $7.04. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -134.17 and a beta of 1.35.

Insider Buying and Selling at Marqeta

In other Marqeta news, Director Elaine Paul sold 17,452 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $4.47, for a total value of $78,010.44. Following the completion of the sale, the director directly owned 17,453 shares of the company’s stock, valued at $78,014.91. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Judson C. Linville acquired 25,570 shares of Marqeta stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $3.93 per share, with a total value of $100,490.10. Following the completion of the acquisition, the director directly owned 104,220 shares in the company, valued at $409,584.60. This trade represents a 32.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 12.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marqeta

Several institutional investors have recently added to or reduced their stakes in MQ. AQR Capital Management LLC acquired a new stake in Marqeta in the 1st quarter valued at about $57,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Marqeta by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 279,103 shares of the company’s stock valued at $1,150,000 after purchasing an additional 9,319 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Marqeta by 7.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,547 shares of the company’s stock valued at $3,813,000 after purchasing an additional 65,313 shares during the period. Intech Investment Management LLC lifted its stake in Marqeta by 22.1% in the first quarter. Intech Investment Management LLC now owns 288,114 shares of the company’s stock valued at $1,187,000 after buying an additional 52,219 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Marqeta by 8.1% in the second quarter. Invesco Ltd. now owns 6,268,848 shares of the company’s stock valued at $36,547,000 after buying an additional 471,631 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MQ. Mizuho reiterated a “neutral” rating and set a $4.50 price objective (down from $8.00) on shares of Marqeta in a research note on Thursday, January 8th. UBS Group reissued a “neutral” rating and set a $4.75 target price on shares of Marqeta in a research note on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Marqeta in a research note on Friday, March 27th. Wolfe Research lowered shares of Marqeta from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Marqeta in a research note on Tuesday, February 17th. They set an “overweight” rating and a $6.00 target price for the company. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.19.

Key Marqeta News

Here are the key news stories impacting Marqeta this week:

• Positive Sentiment: Q1 operating growth and profitability signals — TPV rose 33% year‑over‑year to $112B; net revenue was $165.8M (+19% YoY) and gross profit $118M (+19%); the company reported GAAP net income of $8M and Adjusted EBITDA of $33M, showing improved operating leverage. Read More.
• Positive Sentiment: EPS turned positive for the quarter (reported $0.02 vs prior-year loss) and revenue modestly beat Street estimates, which supports the narrative that Marqeta is moving toward consistent profits. Read More.
• Neutral Sentiment: Guidance is mixed/in-line — Q2 revenue guidance of $171.4M–$174.5M sits around consensus (~$172.9M) and FY revenue guidance $699.9M–$712.4M spans the Street estimate (~$708.6M), leaving outcomes dependent on where in the range results land. Read More.
• Neutral Sentiment: Strategic shift toward credit and BNPL — Management emphasized expanding beyond debit issuing into credit, BNPL and credit-building products, which could boost revenue mix long term but brings lending and credit risk exposure. Read More.
• Negative Sentiment: Profitability metrics remain fragile — the company still reports a negative net margin and negative return on equity on a trailing basis, and valuation metrics reflect prior losses (negative P/E), leaving shares sensitive to any slip in growth or margin progress. Read More.
• Negative Sentiment: Execution and cadence risk — guidance ranges and the need to scale new lending products mean results could miss expectations if TPV or monetization falls short; investors may sell into any sign of deceleration. Read More.

About Marqeta

Marqeta is a modern card issuing and payment processing platform that enables businesses to design, launch and manage customized payment cards. The company offers a fully programmable open API that allows clients to create virtual, physical and tokenized payment cards with real-time transaction controls and dynamic spend limits. By leveraging Marqeta’s infrastructure, companies can streamline their payment operations, reduce time to market and deliver tailored payment experiences to end consumers.

Founded in 2010 and headquartered in Oakland, California, Marqeta was established by CEO Jason Gardner with the goal of transforming traditional card issuance through cloud-native technology.