Marqeta Q1 revenue beats on higher TPV

Marqeta

05/05/2026 21:28

Overview

Global card issuing platform's Q1 revenue rose 19%, beating analyst expectations

Adjusted EBITDA grew 66% in Q1, beating analyst estimates

Net income turned positive at $8 mln, compared to a loss last year

Outlook

Marqeta expects Q2 net revenue growth of 14-16%

Company sees Q2 gross profit growth of 14-16%

Marqeta expects full-year net revenue growth of 12-14%

Result Drivers

TPV GROWTH - Higher total processing volume drove 19% net revenue and gross profit growth, per company

MIX SHIFT - Revenue growth was partially offset by faster growth in card programs where Marqeta provides only processing services, per company

ACCOUNTING POLICY HEADWIND - Gross profit growth was reduced by 1.5 percentage points due to a revised accounting policy for card network incentives, per company

Company press release: ID:nBw93B9JPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$166 mln
$164.27 mln (12 Analysts)
Q1 Net Income
$8 mln
Q1 Adjusted EBITDA
Beat
$33 mln
$29.69 mln (11 Analysts)
Q1 Gross Margin
71.00%
Q1 Gross Profit
$118 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "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 $5.00, about 10.6% above its May 4 closing price of $4.52

The stock recently traded at 110 times the next 12-month earnings vs. a P/E of 106 three months ago

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