Marqeta Reports Third Quarter 2026 Financial Results
Marqeta reported Q3 2026 TPV of $126 billion, up 29% year-over-year, with net revenue of $176 million (+8%) and gross profit of $122 million (+7%). GAAP net income was $115 million including a $107 million non-cash tax benefit from valuation allowance release; Adjusted EBITDA grew 28% to $39 million with a record 22% margin, and the company posted its third consecutive GAAP-profitable quarter. Guidance implies deceleration: Q4 net revenue growth of 3-5% versus 8% in Q3, reflecting unfavorable mix from low-margin processing-only programs.
Key figures
- Eps
- 1.09
- Revenue
- 176179000
- Guidance
- Q4 2026 net revenue growth 3-5%, gross profit growth 5-7%, Adjusted EBITDA growth mid-20s%; FY2026 net revenue growth 11-12%, gross profit growth 11-12%, Adjusted EBITDA growth low-to-mid 30s%
- Revenue Yoy
- 8%
- Tpv
- 126493000000
- Tpv yoy
- 29%
- Net income
- 115442000
- Gross margin
- 69%
- Gross profit
- 122100000
- Adjusted ebitda
- 38772000
- Gross profit yoy
- 7%
- Adjusted ebitda yoy
- 28%
- Tax benefit noncash
- 107000000
- Adjusted ebitda margin
- 22%
AI analysis
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