Card issuing platform Marqeta's Q3 revenue comfortably beats estimates on higher processing volume

Marqeta

05/11/2025 21:56

Overview

Marqeta Q3 2025 net revenue grows 28%, beating analyst expectations

Adjusted EBITDA for Q3 2025 beats analyst estimates, indicating improved profitability

Total Processing Volume in Q3 2025 rises 33% yr/yr to $98 bln

Outlook

Marqeta forecasts Q4 2025 net revenue growth of 22-24%

Company expects Q4 2025 gross profit growth of 17-19%

Marqeta anticipates Q4 2025 adjusted EBITDA margin of 15-16%

Result Drivers

TPV GROWTH - Marqeta's Total Processing Volume increased by 33% year-over-year, driving revenue growth

NEW CLIENTS - Marqeta signed a global Fortune 500 company for electronic supplier payments, enhancing growth

EXPANSION - Marqeta expanded a North American customer's operations into Europe, leveraging TransactPay acquisition

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$163 mln
$148.89 mln (11 Analysts)
Q3 Net Income
-$4 mln
Q3 Adjusted EBITDA
Beat
$30 mln
$19.13 mln (11 Analysts)
Q3 Gross Margin
70.00%
Q3 Gross Profit
$115 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the financial technology (fintech) peer group is "buy."

Wall Street's median 12-month price target for Marqeta Inc is $5.96, about 25.1% above its November 4 closing price of $4.46

Press Release: ID:nBw4bJ4Zda

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)