Companies /Technology

Marqeta Inc - Class A

NASDAQ: MQ Software - Infrastructure
$16.20
â–² $0.12 (+0.75%) today
Markets open · 1:53pm ET

Q2 2026 Earnings

Reported Aug 4, 2026, 4:07pm ET · SEC source
$0.07
Beat +403.60%
EPS · est. $0.01
$176.0M
Beat +1.63%
Revenue · est. $173.2M
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−5%0+5%Aug 4Aug 5report 4:07pm ETearnings−0.2%−7.2%
−5%0+5%Aug 4Aug 5earnings−0.2%−7.2%
MQ −7.2%S&P 500 −0.2%
−5%0+5%Aug 4Aug 5report 4:07pm ETearnings−0.9%−7.2%
−5%0+5%Aug 4Aug 5earnings−0.9%−7.2%
MQ −7.2%NASDAQ −0.9%
−18%−12%−6%0Aug 3Aug 12report 4:07pm ETearnings+0.0%−16.6%
−18%−12%−6%0Aug 3Aug 12earnings+0.0%−16.6%
MQ −16.6%S&P 500 +0.0%
−18%−12%−6%0Aug 3Aug 12report 4:07pm ETearnings+0.2%−16.6%
−18%−12%−6%0Aug 3Aug 12earnings+0.2%−16.6%
MQ −16.6%NASDAQ +0.2%
−7.13%
Day of report
+0.18%
Next session
−5.88%
One week

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 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%

“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.”

Marqeta CEO, on the earnings call

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 · SEC filings Q2 2025 Q2 2026
$0$50.0M$100.0M$150.0M$150.4M$176.0MRevenue$104.1M$121.9MGross Profit$1.5M$3.6MOperating Income$552,517$7.6MNet Income
$0$50.0M$100.0M$150.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.