Q2 26 EPS
$0.07
BEAT +403.60%
Est. $0.01
Q2 26 Revenue
$176.0M
BEAT +1.63%
Est. $173.2M
vs S&P Since Q2 26
-10.5%
TRAILING MARKET
MQ -10.3% vs S&P +0.2%
Market Reaction
Did MQ Beat Earnings? Q2 2026 Results
Marqeta, Inc. Posted a standout second quarter for fiscal 2026, beating consensus expectations on both the top and bottom lines and extending its EPS beat streak to five consecutive quarters. The card issuing platform reported earnings of $0.07 per s… Read more Marqeta, Inc. Posted a standout second quarter for fiscal 2026, beating consensus expectations on both the top and bottom lines and extending its EPS beat streak to five consecutive quarters. The card issuing platform reported earnings of $0.07 per share, well above the $0.01 consensus estimate, a 403.60% beat, while revenue of $176.00 million edged past the $173.18 million forecast by 1.63% and grew 17.0% year-over-year. The primary engine behind the outperformance was a 32% surge in Total Processing Volume to $120.42 billion, though management acknowledged that revenue growth lagged TPV due to a mix shift toward lower-margin processing-only card programs. Adjusted EBITDA climbed 31% to $37.42 million, with margins expanding to 21%, and the company reported GAAP net income of $7.57 million, reversing a loss of $647,000 in the year-ago period. Adding to the constructive tone, a director recently acquired restricted stock units, signaling internal confidence. Looking ahead, Marqeta guided Q3 net revenue growth of 6-8% and full-year 2026 net revenue growth of 12-13%.
Key Takeaways
- • Total Processing Volume growth of 32% year-over-year to $120 billion
- • Higher volumes driving 17% net revenue growth
- • Second consecutive quarter of GAAP profitability
- • Adjusted EBITDA growth of 31% year-over-year with margin expansion to 21%
MQ Forward Guidance & Outlook
For Q3 2026, Marqeta guides net revenue growth of 6–8%, gross profit growth of 5–7%, and adjusted EBITDA growth of 20–25% year-over-year. For full year 2026, the company expects net revenue growth of 12–13%, gross profit growth of 11–12%, and adjusted EBITDA growth in the low 30s percent range.
MQ YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“Our second quarter results reinforce the momentum behind our business and the increasing value our modern card issuing platform delivers for innovators worldwide. Strong Gross Profit growth, our second consecutive quarter of GAAP profitability, and the quality programs we're onboarding all reflect how the breadth, flexibility, and scale of our platform enable customers to expand and thrive.”
— Mike Milotich, Q2 2026 Earnings Press Release
MQ Earnings Trends
MQ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MQ EPS Trend
Earnings per share: estimate vs actual
MQ Revenue Trend
Quarterly revenue: estimate vs actual
MQ Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.01 | $0.07 | +403.60% | $176.0M | +1.63% |
| Q1 26 BEAT | $-0.01 | $0.02 | +300.00% | $165.8M | +1.00% |
| Q4 25 BEAT FY | $-0.02 | $0.00 | +100.00% | $172.1M | +2.97% |
| FY Full Year | — | $-0.03 | — | $624.9M | — |
| Q3 25 BEAT | $-0.02 | $-0.01 | +43.18% | $163.3M | +10.04% |
| Q2 25 BEAT | $-0.03 | $0.00 | +100.00% | $150.4M | +7.23% |
| Q1 25 BEAT | $-0.05 | $-0.02 | +58.33% | $139.1M | +2.79% |