Q1 26 EPS
$0.02
BEAT +300.00%
Est. $-0.01
Q1 26 Revenue
$165.8M
BEAT +1.00%
Est. $164.2M
vs S&P Since Q1 26
+254.4%
BEATING MARKET
MQ +256.9% vs S&P +2.5%
Market Reaction
Did MQ Beat Earnings? Q1 2026 Results
Marqeta posted a notably strong first quarter for fiscal 2026, swinging to GAAP net income of $7.83 million from a net loss of $8.26 million a year ago, while delivering earnings per share of $0.02 against a consensus estimate of negative $0.01, a 30… Read more Marqeta posted a notably strong first quarter for fiscal 2026, swinging to GAAP net income of $7.83 million from a net loss of $8.26 million a year ago, while delivering earnings per share of $0.02 against a consensus estimate of negative $0.01, a 300.00% beat. Net revenue climbed 19.2% year-over-year to $165.80 million, edging past the $164.16 million consensus by roughly 1.00%, as total processing volume surged 33% to $112.36 billion, reflecting broad platform adoption across its card programs. The profitability improvement was driven in large part by rigorous cost discipline, with total operating expenses falling 1% year-over-year and compensation costs declining 9%, helping Adjusted EBITDA expand 66% to $33.34 million and push Adjusted EBITDA margin to 20% from 14% a year earlier. Analyst sentiment has turned constructive on the results, with commentary highlighting volume growth and cost management as the primary catalysts. Looking ahead, management guided Q2 2026 net revenue growth of 14% to 16% and full-year 2026 revenue growth of 12% to 14%, suggesting a measured but steady deceleration from the current quarter's pace.
Key Takeaways
- • Total Processing Volume growth of 33% YoY to $112 billion
- • Higher volumes driving 19% net revenue growth
- • Operating expense discipline with total opex declining 1% YoY
- • Compensation and benefits reduced 9% YoY
- • Adjusted EBITDA margin expanded 6 percentage points to 20%
MQ Forward Guidance & Outlook
For Q2 2026, Marqeta guides net revenue growth of 14–16% and gross profit growth of 14–16% year-over-year, with Adjusted EBITDA growth of 10–12%. For full year 2026, the company expects net revenue growth of 12–14%, gross profit growth of 10–12%, and Adjusted EBITDA growth in the mid-to-high 20s percent range.
MQ YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“Our first quarter results demonstrate the power of our platform at scale as we delivered on our promise of achieving GAAP Net Income profitability, a testament to our strong growth and disciplined execution.”
— Mike Milotich, Q1 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| 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% |