Marqeta (NASDAQ:MQ) Issues Earnings Results

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

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 Price Performance

Shares of NASDAQ:MQ traded down $0.04 during trading on Tuesday, reaching $4.48. 6,981,742 shares of the company’s stock traded hands, compared to its average volume of 3,082,270. The stock has a market capitalization of $1.91 billion, a P/E ratio of -149.33 and a beta of 1.35. Marqeta has a 12 month low of $3.70 and a 12 month high of $7.04. The company has a 50 day moving average of $4.11 and a 200-day moving average of $4.43.

More Marqeta News

Here are the key news stories impacting Marqeta this week:

• Positive Sentiment: Q1 operational strength — Total Processing Volume rose 33% to $112B, Net Revenue was $166M (+19%), Gross Profit $118M (+19%), GAAP Net Income $8M and Adjusted EBITDA $33M, highlighting improving scale and margin trends. Marqeta Reports First Quarter 2026 Financial Results
• Positive Sentiment: Quarterly beat/earnings pickup — Revenue slightly exceeded consensus (reported $165.8M vs. $164.3M est.), and EPS returned to positive territory ($0.02 vs. -$0.02 year-ago), signaling operational improvement. Marqeta (MQ) Reports Q1 Earnings: What Key Metrics Have to Say
• Neutral Sentiment: Strategic pivot to credit and BNPL — Management is pushing beyond debit issuing into credit, BNPL and credit-building products, which could broaden revenue streams long term but requires new underwriting and risk capabilities. This is a strategic opportunity but adds execution and credit risk. Marqeta’s Debit Roots Give Way to Credit and BNPL Push
• Negative Sentiment: Mixed/tepid forward guidance — Q2 revenue was guided to $171.4M–$174.5M (roughly in line with consensus), but FY2026 revenue guidance midpoint (~$706M) is slightly below Street (~$708.6M), and management did not provide clear EPS guidance—raising near-term growth and visibility concerns. Marqeta Reports First Quarter 2026 Financial Results
• Negative Sentiment: Market reaction — Shares are trading lower on the day with elevated volume, reflecting investor caution on the mixed outlook and execution risks despite the quarter’s top-line growth.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MQ shares. Wolfe Research downgraded Marqeta from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marqeta in a research report on Friday, March 27th. UBS Group reduced their target price on Marqeta from $5.00 to $4.25 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. began coverage on shares of Marqeta in a research report on Tuesday, February 17th. They set an “overweight” rating and a $6.00 price target for the company. Finally, Mizuho reaffirmed a “neutral” rating and issued a $4.50 price target (down from $8.00) on shares of Marqeta in a report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Marqeta currently has a consensus rating of “Reduce” and a consensus price target of $5.14.

Insider Transactions at Marqeta

In related news, Director Judson C. Linville purchased 25,570 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $3.93 per share, with a total value of $100,490.10. Following the acquisition, the director owned 104,220 shares in the company, valued at approximately $409,584.60. This trade represents a 32.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Elaine Paul sold 17,452 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 17,453 shares of the company’s stock, valued at $78,014.91. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.61% of the company’s stock.

Institutional Investors Weigh In On Marqeta

Large investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Marqeta during the third quarter valued at $26,000. EFG International AG acquired a new stake in shares of Marqeta in the 4th quarter worth about $27,000. Amundi bought a new stake in Marqeta in the 4th quarter valued at about $48,000. Daiwa Securities Group Inc. bought a new stake in Marqeta in the 2nd quarter valued at about $66,000. Finally, Prelude Capital Management LLC acquired a new position in Marqeta during the 3rd quarter valued at about $62,000. 78.64% of the stock is owned by institutional investors and hedge funds.

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.