Marqeta, Inc. Stock Price, News & Analysis

Marqeta (NASDAQ: MQ) has announced it will host a conference call and webcast to discuss its fourth quarter and full year 2024 financial results on Wednesday, February 26, 2025, at 4:30 pm ET. CEO Simon Khalaf and CFO Mike Milotich will host the call. The financial results will be released via press release after market close on the same day.

Marqeta's platform enables companies to build and integrate financial services into their branded experiences. The company has demonstrated significant scale, processing over $200 billion in annual payments volume in 2023. The platform operates in more than 40 countries, offering built-in compliance and security features, and enables businesses to leverage real-time data for personalized financial solutions.

Marqeta (NASDAQ: MQ) announced its partnership with Slope to power the Slope Card, a Buy Now, Pay Later (BNPL) solution for commercial customers. The card offers businesses 30 or 60-day loan options for both in-store and online purchases, providing flexible payment solutions and improved access to working capital.

Global retailer IKEA has already implemented the Slope Card through its IKEA for Business program, offering BNPL options to small and medium-sized business clients. Slope selected Marqeta for its proven expertise in powering scalable card programs and its single, trusted platform. The partnership aims to transform traditional business financing by providing easier access to low-interest loans and enhanced cash flow management.

Marqeta (NASDAQ: MQ) reported strong Q3 2024 results with Total Processing Volume reaching $74 billion, up 30% year-over-year. Net revenue increased 18% to $128 million, while Gross Profit grew 24% to $90 million. The company posted a GAAP Net Loss of $29 million, though Adjusted EBITDA was positive at $9 million. Key business updates include the introduction of Portfolio Migration service, launch of Marqeta Flex for BNPL integration, and new UX Toolkit. For Q4 2024, Marqeta guides net revenue growth of 10-12% and gross profit growth of 13-15%.

Marqeta's fourth annual State of Credit Report reveals shifting credit card loyalty trends and consumer struggles. The survey of 3,000 people shows that 72% of satisfied cardholders still plan to apply for new cards within a year. 70% of consumers with no plans to apply could be swayed by the right offers. Key findings include: 31% of US consumers want personalized rewards, 19% missed payments in the past year, and 41% of 18-44 year olds report higher credit card debt than last year. The study highlights consumer interest in flexible payment options and growing credit card debt amid rising interest rates.

Marqeta's 2024 State of Credit report reveals shifting customer loyalty patterns in UK credit card usage. Nearly half (48%) of UK consumers report no rewards from their credit cards, while 30% now own retailer-affiliated cards - a 25% increase from 2023. The survey of 1,000 UK consumers shows 53% relied on credit cards to make ends meet, with 43% of multi-card holders saying better rewards would increase their usage.

The study highlights growing interest in flexible payment options, with 63% of UK Buy Now Pay Later (BNPL) users saying it helped them manage finances. Consumer challenges include rising APRs, from 31.8% to 35.5%, with 74% struggling to meet minimum monthly payments and 30% reporting higher debt than last year.

Marqeta (MQ) has unveiled Marqeta Flex, a new Buy Now, Pay Later (BNPL) solution that integrates BNPL options directly into payment apps and wallets. The solution is being developed in partnership with Klarna, Affirm, and payments platform Branch. Marqeta Flex aims to revolutionize BNPL by offering personalized payment options at the moment of need within existing payment flows. Branch plans to integrate the solution into its payments app for W-2 and 1099 workers. The solution benefits consumers with guided BNPL options, payment providers with expanded distribution, and card issuers with multiple BNPL offerings through a single integration.

Marqeta (NASDAQ: MQ) has introduced two new products to enhance its card program management tools: UX Toolkit and Portfolio Migrations. The UX Toolkit aims to reduce front-end development time, allowing customers to create modern payment experiences faster and with fewer resources. It includes UI components, templates, and a builder environment for customization. Portfolio Migrations simplifies the process of transferring card programs to Marqeta's platform, ensuring a smooth transition and seamless cardholder experience.

These enhancements are designed to help Marqeta's customers deliver better user experiences for their cardholders, comply with regulatory requirements, and access advanced card management features and data analytics. Several customers, including Bold.org and Finfare, have already signed on to use the UX Toolkit.

Marqeta (NASDAQ: MQ), the global modern card issuing platform, has announced it will host a conference call and webcast to discuss its third quarter 2024 financial results on Monday, November 4, 2024 at 4:30 pm ET. The call will be hosted by Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer.

A press release containing the Q3 2024 financial results will be issued after the market closes on the same day. The conference call will be webcast live from Marqeta's investor relations website, and a replay will be available on the site following the call.

Marqeta (NASDAQ: MQ) has announced a new partnership with Found, a business banking platform for small businesses and self-employed entrepreneurs. Found's commercial card solution, powered by Marqeta, offers sophisticated expense management capabilities typically reserved for larger businesses. This collaboration aims to address the financial challenges faced by SMBs, as 82% of failures are due to cash flow issues.

The partnership enables Found to provide tailored physical, virtual, or tokenized cards with features like real-time transaction tracking and spending limits. Lauren Myrick, CEO of Found, emphasized the importance of this integration in enhancing financial wellness for the self-employed. Todd Pollak, Chief Revenue Officer at Marqeta, highlighted the company's commitment to enabling innovative solutions for the growing self-employed economy.