Marqeta Q2 revenue beats estimates on higher total processing volume

Marqeta

04/08/2026 21:36

Overview
US card issuing platform's Q2 revenue rose 17% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 grew 31% and beat analyst expectations
On August 3, company authorized $150 mln share repurchase program

Outlook
Marqeta sees third-quarter net revenue growth of 6-8%
Company expects third-quarter gross profit growth of 5-7%
Marqeta projects full-year adjusted EBITDA growth in the low 30s%

Result Drivers
HIGHER PAYMENT VOLUMES - Co said Q2 revenue and gross profit growth were primarily driven by increased Total Processing Volume
PROGRAM MIX - Co said revenue growth was partially offset by faster growth in card programs with minimal or no program management

Company press release: ID:nBw1Wt9tja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$176 mln
$173.35 mln (11 Analysts)
Q2 Net Income
 
$7.56 mln
 
Q2 Adjusted EBITDA
Beat
$37.42 mln
$32.15 mln (10 Analysts)
Q2 Gross Margin
 
69%
 
Q2 Gross Profit
 
$122 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 11 "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 $19.50, about 9.2% above its August 3 closing price of $17.85
The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 114 three months ago

Reuters Recommended Reads
Aug 3 - Paymentus Q2 revenue beats expectations on higher billers, transaction volume
Aug 4 - Payments firm FIS shares slide after outlook cut 
Aug 3 - Visa beefs up cybersecurity offerings with $2.4 billion BioCatch deal

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.)