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Marqeta, Inc. reports developments tied to its global modern card issuing platform, which enables companies to build and embed card-based financial services through digital, physical and tokenized payment products. Company news commonly covers Total Processing Volume, revenue, gross profit, profitability measures and customer adoption across use cases and geographies.
Recurring updates also include product enhancements for payments infrastructure, such as Real-Time Decisioning and fraud-risk services, along with new customer programs, platform expansion and executive appointments in technology, finance and corporate leadership.
Marqeta (NYSE:MQ) has released its sixth annual State of Payments Report, revealing significant shifts in payment preferences among UK consumers and SMBs. The expanded study, surveying 1,000 SMBs and 3,000 consumers across the US and UK, shows increasing demand for intelligent payment solutions.
Key findings include 34% of UK consumers showing interest in AI-powered wallets, and 54% having used BNPL services. The report highlights a 9% year-over-year decrease in average BNPL order value, indicating a shift toward everyday purchases. For SMBs, despite generating £2.8 trillion in revenue, they receive only £62.1 billion in business loans, with 42% of UK SMB owners relying on personal cards for business expenses.
Marqeta (NASDAQ: MQ) has released its sixth annual State of Payments Report, based on a survey of 3,000 consumers and 1,000 SMBs in the US and UK. The report reveals significant shifts in payment behaviors, with 23% of US consumers adjusting their payment habits due to economic pressures.
Key findings show that 23% of consumers are increasing BNPL usage, while 35% are turning to credit cards for flexibility. BNPL transaction values decreased by 9% year-over-year, indicating a shift toward smaller, essential purchases. The report also highlights that 53% of US SMBs now view payment systems as strategic assets, with 86% willing to invest in new financial solutions.
Marqeta (NASDAQ: MQ) has appointed Mike Milotich as permanent Chief Executive Officer and Director, effective immediately. Milotich, who has been serving as Interim CEO since February 2025 while maintaining his CFO role, was selected after a thorough search by the Board.
Board Chair Judson C. Linville praised Milotich's contributions in strengthening operations, improving profitability, and driving growth opportunities. Milotich will continue as CFO until a successor is found, with the Board initiating a search with assistance from an executive search firm.
Marqeta (NASDAQ: MQ) has completed its acquisition of TransactPay, a BIN Sponsorship provider and licensed E-Money Institution in the UK and European Economic Area. The acquisition, first announced in February 2025, enhances Marqeta's card program management capabilities in Europe.
The strategic combination will enable customers to leverage integrated card program management features in the UK and EU while reducing complexity typically associated with multiple partnerships. Notably, Marqeta's European business has shown strong momentum, with total processing volume more than doubling year-over-year.
Marqeta (NASDAQ: MQ), the global modern card issuing platform, reported strong Q2 2025 financial results with Total Processing Volume of $91 billion, up 29% year-over-year. The company achieved Net Revenue of $150 million (20% growth) and Gross Profit of $104 million (31% growth).
Key highlights include a GAAP Net Loss of $0.6 million and Adjusted EBITDA of $29 million. The company announced the completion of the TransactPay acquisition to strengthen European operations and enabled the KlarnaOne Card with Visa Flexible Credential technology. For Q3 2025, Marqeta guides 15-17% Net Revenue and Gross Profit growth with 12-13% Adjusted EBITDA margin.
Marqeta (NASDAQ: MQ), a modern card issuing platform, has scheduled its second quarter 2025 earnings conference call for August 6, 2025, at 4:30 pm ET. The company's Interim CEO and CFO, Mike Milotich, will host the call. Financial results will be released via press release after market close on the same day.
The earnings call will be accessible through a live webcast on Marqeta's investor relations website, with a replay available after the event.
Marqeta (NASDAQ: MQ) has been selected by Perpay to power the Perpay Credit Card, issued by Celtic Bank. The partnership involves migrating Perpay's credit card offering to Marqeta's modern credit platform to enhance scalability and user experience. The Perpay Credit Card is an unsecured credit card designed to help users build or improve their credit through automated paycheck-linked payments.
Through Marqeta's platform, Perpay gains access to instant virtual card issuance, real-time cardholder data, spend controls, and a flexible rewards engine. The platform enables Perpay to customize the entire user experience from application to everyday spending, while offering personalized rewards for spending within Perpay's marketplace. This migration demonstrates the growing demand for modern credit solutions with enhanced scalability and flexibility.
Marqeta (NASDAQ: MQ), the global modern card issuing platform, has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025. The company will host a conference call and webcast at 4:30 pm ET, following the release of financial results after market close. Mike Milotich, serving as both Interim Chief Executive Officer and Chief Financial Officer, will lead the conference call. Investors can access the webcast through Marqeta's investor relations website, where a replay will also be available after the event.