Marqeta Stock Earnings Reports

Marqeta reported strong Q1 2026 results driven by continued platform momentum: TPV grew 33% to $112B, net revenue and gross profit each rose 19% year-over-year, adjusted EBITDA was $33M (20% margin), and the company achieved GAAP profitability with $8M net income. Non-Block TPV is expanding over 2x faster than Block, with robust growth across BNPL (~60% YoY), expense management (>40%), lending, and continued geographic expansion of customers (12 of top 15 customers operate in multiple countries). Product highlights include demand for multinational card issuing, an integrated product continuum spanning debit to credit (including secured credit and credit-builder offerings), early adoption of flexible credentials such as Mastercard One, and pilot/support for stablecoin-backed cards via partner integrations. Management emphasized success with program migrations and engagements with large incumbent banks (including provisioning credit into wallets) as signs of broader market modernization. Q2 guidance: net revenue and gross profit growth of 14–16%; Q2 adjusted operating expenses expected to grow high teens; Q2 adjusted EBITDA growth 10–12%; GAAP breakeven expected in Q2. Full-year guidance reiterated: net revenue growth 12–14%, gross profit growth 10–12%; adjusted EBITDA growth now expected in the mid-to-high 20s percent range and GAAP net income now expected around $15M (up $5M from prior). Balance sheet and capital actions: $712M cash & short-term investments; ongoing buybacks (9.4M shares repurchased in Q1 at $4.16, ~$52M remaining authorization); management proposed a 1-for-4 reverse stock split to reduce share count and clarify per-share performance.