Marqeta, Inc. (MQ) Form 8-K — Nov 3, 2026
Marqeta reported Q3 2026 net revenue of $176 million, up 8% year-over-year, with Total Processing Volume of $126 billion, up 29%, surpassing a $500 billion annualized run rate for the first time. GAAP net income was $115 million versus a $4 million loss a year ago, though this includes a $107 million discrete non-cash tax benefit from releasing valuation allowances on deferred tax assets. Adjusted EBITDA of $39 million grew 28% with a record 22% margin, marking the third consecutive GAAP-profitable quarter.
Key figures
- Eps
- 1.09 diluted ($1.11 basic)
- 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%
- Net Income
- 115442000
- Revenue Yoy
- 8%
- Total Assets
- 1501842000
- Cash Position
- 697464000
- Shares Outstanding
- 104,240 thousand weighted-average basic
- Gross margin
- 69%
- Gross profit
- $122,100 thousand (+7% YoY)
- Adjusted ebitda
- $38,772 thousand (+28% YoY)
- Reverse split ratio
- 1-for-4 (effective June 30, 2026)
- Discrete tax benefit
- $107 million non-cash from valuation allowance release
- Adjusted ebitda margin
- 22%
- Annualized tpv run rate
- over $500 billion
- Total processing volume
- $126,493 million (+29% YoY)
AI analysis
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