Marqeta (MQ) Stock News

Marqeta (NASDAQ: MQ) appointed Eugenia Gibbons as Chief Product Officer, effective August 31, 2026. She will lead Marqeta’s product organization, overseeing strategy, design and execution across its modern card issuing platform and product suite.

Gibbons joins from Intuit, where she was General Manager of the Consumer Money Business. Her prior roles include senior leadership positions at SoFi Technologies, BBVA, Bank of America, Liberty Mutual Group, Hexacta and Accenture. CEO Mike Milotich highlighted her blend of product leadership, financial services expertise and operating experience to advance Marqeta’s product strategy and support customer success.

Marqeta (NASDAQ: MQ) announced an expanded collaboration with Google to power a new Wallet for kids experience in the U.S., enabling children and teens under 18 to receive and spend allowances digitally without a traditional bank account.

Using Marqeta’s end-to-end card issuing platform, tokenization, and real-time spend controls, Google allows parents to set daily spending limits, view transaction history, receive notifications, and lock or unlock balances while supervised kids use NFC-enabled Android phones and Wear OS devices to tap to pay in stores. According to Marqeta, this builds on years of partnership supporting instant issuance, tokenization, and virtual card capabilities in Google Wallet and Google Pay across Marqeta customer programs.

Riskified (NYSE: RSKD) announced a partnership with Marqeta (NASDAQ: MQ) to integrate Riskified's pre-authorization risk intelligence into Marqeta's modern card issuing platform. Issuers using Marqeta gain enriched, pre-authorization risk data from Riskified's global merchant network to inform card authorization decisions and help reduce false declines.

The integration is designed to support sharper authorization decisions, higher approval rates for legitimate ecommerce transactions, and lower chargebacks, while strengthening Marqeta's AI-powered Real-Time Decisioning offering. Riskified cites prior issuer partnerships showing improved authorization rates and up to 25% fewer false declines, and a merchant example with authorization rising from 82% to 95% and chargebacks cut by over 90%.

Marqeta (NASDAQ: MQ) reported second quarter 2026 Total Processing Volume of $120 billion, up 32% year-over-year, Net Revenue of $176 million and Gross Profit of $122 million, both up 17%. Gross margin was 69%. GAAP Net Income reached $7.6 million (4% margin) versus a loss in 2025, while Adjusted EBITDA was $37 million, up 31% with a 21% margin.

The company highlighted new multinational issuing with Expensify in Europe, stablecoin card capabilities via partnerships with zerohash and BVNK, and enhancements to its Real-Time Decisioning risk product through data collaborations with Adyen, Riskified, and Signifyd. On August 3, 2026, the board authorized a $150 million share repurchase program with no set expiration. Marqeta also completed a one-for-four reverse stock split effective June 30, 2026, and issued guidance for Q3 2026 Net Revenue growth of 6–8% and full-year 2026 Net Revenue growth of 12–13%, Gross Profit growth of 11–12%, and Adjusted EBITDA growth in the low 30% range.

Marqeta (NASDAQ: MQ) announced an expanded collaboration with Expensify, extending their long-standing US card‑issuing relationship into the UK and EU. Expensify is using Marqeta’s modern card issuing platform and multinational capabilities to launch its corporate expense cards for European businesses.

According to Marqeta, the integration lets Expensify offer physical, virtual, and tokenized cards tailored to use cases such as travel, one‑time vendor purchases, and departmental expenses. Expensify can apply cardholder-level spend controls, authorize transactions in real time, and access detailed spend analytics to improve cash flow visibility and budget allocation for European customers.

inDrive, a global mobility and delivery platform, has appointed former Lyft Chief Financial Officer Elaine Paul as an independent member of its Board of Directors. She will advise on financial strategy, corporate governance and capital allocation as the company grows its core mobility business and broadens services across 48 countries.

Paul brings over 30 years of experience at high‑growth technology, mobility and media companies, including CFO roles at Lyft, Amazon Studios and Hulu, and a long tenure at The Walt Disney Company. She currently serves on the Boards of Sabre (NASDAQ: SABR) and Marqeta (NASDAQ: MQ). According to inDrive, her appointment strengthens the Board’s independent oversight and supports efforts to align governance structures with the platform’s global scale and ambitions.

Marqeta (NASDAQ: MQ) will implement a 1-for-4 reverse stock split of its Class A, Class B, and Preferred Stock, legally effective at 4:00 p.m. ET on June 30, 2026. Split-adjusted trading for Class A Common Stock begins July 1, 2026, under new CUSIP 57142B203.

The action proportionately reduces authorized Common and Preferred shares and will result in about 97 million Class A and 8 million Class B shares outstanding, without changing each stockholder’s percentage ownership. Fractional shares will be settled in cash.

Marqeta (NASDAQ: MQ) will host a conference call and webcast to discuss its second quarter 2026 financial results on Tuesday, August 4, 2026 at 4:30 pm ET.

CEO Mike Milotich and CFO Patti Kangwankij will lead the call, with live and replay access via Marqeta’s investor relations website.

Marqeta (NASDAQ:MQ) released its 2026 State of Credit report, based on 4,000 consumers and 1,000 SMBs in the US and UK. The research shows people use multiple credit, debit, and BNPL products, often switching by transaction, creating opportunities for providers offering flexible, multi-product credit journeys.

Key findings include strong interest in BNPL, flexible credentials that combine debit, credit and BNPL, and rising comfort with non-bank providers for financial services, especially among SMBs and younger consumers.