Welcome to our dedicated page for Marqeta news (Ticker: MQ), a resource for investors and traders seeking the latest updates and insights on Marqeta stock.
Marqeta, Inc. (NASDAQ: MQ) is a modern card issuing and payments platform headquartered in Oakland, California, operating in the data processing, hosting, and related services industry. This news page aggregates company announcements, financial updates, and product-related developments that reflect how Marqeta’s platform is used to build and embed financial services into branded experiences.
Investors and observers can find earnings and financial results news, including quarterly reports where Marqeta discusses Total Processing Volume (TPV), net revenue, gross profit, and non-GAAP metrics such as Adjusted EBITDA and Adjusted EBITDA margin. These releases often explain how transaction volumes, program mix, and card network incentives affect the company’s financial performance and margins.
The feed also includes corporate and leadership updates, such as the appointment of a new Chief Executive Officer, changes to principal accounting officer designations, and the naming of a Chief Financial Officer. These items are typically reported in press releases and corresponding Form 8-K filings, providing detail on executive roles and governance.
Readers can follow product, partnership, and geographic expansion news, including announcements about Marqeta powering card programs like the Klarna Card and Klarna debit card in multiple markets, and updates on the completion of the TransactPay acquisition to enhance card program management capabilities in the UK and European Economic Area. Marqeta also publishes research-driven news, such as its State of Payments Report, which shares survey insights on consumer and SMB payment behavior.
By reviewing this news stream, users can track how Marqeta’s card issuing platform evolves, how it reports on its operating metrics, and how it positions itself in embedded finance and global payments over time.
Alviere partners with Marqeta to support its expansion in Europe, enabling clients to issue branded cards across the EEA and the UK. This strategic collaboration taps into the burgeoning embedded finance market projected to reach $7.2 trillion by 2030. Alviere, having raised $70 million recently, aims to enhance customer relationships and drive revenue through innovative financial solutions. The partnership signifies a potential shift in consumer engagement strategies for brands in Europe, leveraging Marqeta's modern card issuing platform.
Marqeta (NASDAQ: MQ) has partnered with Evolve Bank & Trust to enhance its offerings in Banking-as-a-Service (BaaS). This collaboration allows Marqeta to provide a wider range of program management capabilities, including BIN management and compliance reporting. Evolve's technology focus aligns well with Marqeta's mission of supporting fintech innovation. The partnership aims to accelerate customer onboarding and streamline operations, ultimately enhancing service quality and flexibility for Marqeta's clients.
Marqeta, Inc. (NASDAQ: MQ) reported a strong performance in Q1 2022, with net revenue reaching $166 million, up 54% year-over-year. Total processing volume (TPV) grew 53% to $37 billion, while gross profit increased 50% to $75 million, resulting in a gross margin of 45%. However, the company recorded a net loss of $61 million, a 372% increase compared to the previous year. The guidance for Q2 2022 suggests a net revenue growth of 46 - 48% and an adjusted EBITDA margin of negative 10-11%.
Marqeta, Inc. (NASDAQ: MQ), a leading card issuing platform, announced participation in three upcoming investor conferences. The events include the MoffettNathanson 4th Annual Payments Processors and IT Services Summit on May 12, 2022, Barclays Emerging Payments and FinTech Forum on May 17, 2022, and the JP Morgan Global Technology, Media and Communications Conference on May 25, 2022. Investors can access live webcasts and replays on Marqeta's investor relations site. The company, based in Oakland, California, operates in 39 countries, offering a flexible payment card issuing platform powered by open APIs.
Marqeta (NASDAQ: MQ) launched RiskControl, a risk management suite for its card issuing platform. This solution addresses fraud and compliance across the cardholder lifecycle. Its key features include Real-Time Decisioning for transaction control, enhancements in Know Your Customer (KYC), and improved Disputes management. The solution aims to mitigate the rising risk of fraud amid increasing digital payment trends, enabling card issuers to streamline operations without compromising growth.
The second annual Gig Payments Report from Branch and Marqeta reveals that 35% of gig workers left full-time jobs for gig opportunities. Over 85% of respondents have increased gig work, with 58% citing inflation as a driving factor. Key motivators include higher pay (67%), scheduling flexibility (60%), and faster payouts (59%). The report emphasizes the need for quicker access to earnings, as 72% rated housing affordability as a top financial concern. The gig worker profile is shifting, with food delivery (50%) being the leading sector.
Marqeta, Inc. (NASDAQ: MQ) will host a conference call on May 11, 2022, at 4:30 pm ET to discuss its first quarter 2022 financial results. The call will be led by CEO Jason Gardner and CFO Mike Milotich, with results announced post-market close. The event will be accessible via its investor relations website, and a replay will be available afterward. Marqeta's platform supports customizable payment cards, leveraging open APIs for flexible card issuing globally.
Marqeta, Inc. (NASDAQ: MQ) reported substantial growth in its Q4 2021 results, with $155 million in net revenue, a 76% increase year-over-year, and $33 billion in total processing volume, also up 76%. Annual revenue climbed to $517 million, a 78% increase, while total processing volume rose to $111 billion (up 85%). Despite a GAAP net loss of $37 million in Q4 and $164 million for the year, gross profit increased significantly, reaching $76 million for Q4 (up 108%) and $232 million for the full year (up 97%). Guidance for Q1 2022 indicates net revenue growth of 48-50%.
Marqeta collaborates with Citi Commercial Cards to enhance payment options through its tokenization technology, allowing corporate clients to provision cards into mobile wallets. This service will be implemented in over 40 countries, supporting the growing demand for digital payments. The global shift towards mobile wallets is evident, with projections indicating they will account for one-third of all POS transactions by 2024. Marqeta aims to strengthen its partnership with Citi, focusing on innovative solutions for seamless and secure payment processing.
Marqeta (NASDAQ: MQ) has partnered with Plaid to enhance ACH transfers, enabling customers to quickly authenticate bank accounts and fund their accounts for immediate spending. This collaboration simplifies the ACH transaction process, allowing users to manage transfers with real-time notifications. The partnership also improves security by minimizing the storage of sensitive information, using tokenization instead. This integration aims to streamline user access to financial services and represents a significant advancement in the modern card issuing landscape.