Companies /Technology
Marqeta Inc - Class A
NASDAQ: MQ Software - Infrastructure
$17.44
▲ $0.38 (+2.23%) today
Markets closed · 7:37am ET

Marqeta (MQ) Q1 2025 Earnings

Reported May 7, 2025, 4:07pm ET · SEC source
$-0.02
Beat +58.33%
EPS · est. $-0.05
$139.1M
Beat +2.79%
Revenue · est. $135.3M
+15.3%
Beating market
MQ vs S&P since report
6 quarters
Consecutive EPS beats

How Did MQ Stock React to Q1 2025 Earnings?

% change · around the report
0+5%+10%May 7May 8report 4:07pm ETearnings+0.7%+9.3%
0+5%+10%May 7May 8earnings+0.7%+9.3%
MQ +9.3%S&P 500 +0.7%
0+5%+10%May 7May 8report 4:07pm ETearnings+1.3%+9.3%
0+5%+10%May 7May 8earnings+1.3%+9.3%
MQ +9.3%NASDAQ +1.3%
−8%0+8%+16%May 6May 15report 4:07pm ETearnings+5.2%+18.8%
−8%0+8%+16%May 6May 15earnings+5.2%+18.8%
MQ +18.8%S&P 500 +5.2%
−8%0+8%+16%May 6May 15report 4:07pm ETearnings+7.3%+18.8%
−8%0+8%+16%May 6May 15earnings+7.3%+18.8%
MQ +18.8%NASDAQ +7.3%
+9.78%
Day of report
+2.45%
Next session
+11.36%
One week
+22.05%
30 days

S&P 500 over the same 30 days: +6.73%.

Did MQ Beat Earnings? Q1 2025 Results

Yes. Marqeta reported Q1 2025 earnings of $-0.02 a share on May 7, 2025, beating the $-0.05 consensus estimate by 58.3%. Revenue was $139.1M against a $135.3M estimate.

Marqeta posted a notably improved first quarter for 2025, with net revenue climbing 18% year-over-year to $139.07 million and a GAAP loss of just $0.02 per share, as the card-issuing platform showed meaningful progress on profitability. The clearest driver of that improvement was cost discipline: total operating expenses fell 13% to $117.22 million, aided by the absence of a $13.12 million Executive Chairman Long-Term Performance Award that weighed on the prior-year period, helping narrow the GAAP net loss to $8.26 million from $36.06 million a year ago. Total Processing Volume rose 27% to $84.47 billion, reflecting continued platform adoption, while Adjusted EBITDA more than doubled to $20.08 million, expanding margin by 6 percentage points to 14%. Operating cash flow turned solidly positive at $9.99 million. Looking ahead, Marqeta guided Q2 net revenue growth of 11-13% and full-year 2025 net revenue growth of 13-15%, though the company flagged that a renegotiated platform partner agreement will affect net revenue presentation without impacting gross profit, a nuance investors will need to monitor closely.

Key Takeaways
  • Total Processing Volume growth of 27% year-over-year to $84 billion
  • Increased transaction volumes driving net revenue growth of 18%
  • 13% reduction in total operating expenses year-over-year
  • Elimination of Executive Chairman Long-Term Performance Award expense
  • Gross margin maintained at 71%

“Our Q1 results demonstrate our ability to execute our growth plans while simultaneously increasing our level of profitability.”

Marqeta CEO, on the earnings call

What Was Marqeta's Outlook in Q1 2025?

For Q2 2025, Marqeta expects net revenue growth of 11-13%, gross profit growth of 23-25%, and Adjusted EBITDA margin of 10-11%. For fiscal year 2025, the company guides net revenue growth of 13-15%, gross profit growth of 14-16%, and Adjusted EBITDA margin of 10-11%. The company noted that net revenue guidance reflects the accounting impact of a renegotiated platform partner agreement, which does not impact gross profit.

MQ YoY Financials

Revenue$139.1M
Gross Profit$98.7M
Operating Income$-18,538,000
Net Income$-8,260,000

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