Earnings Releases·Nov 3, 2026, 4:09 PM ET

Marqeta — Third Quarter 2026 Earnings Summary

Total Processing Volume (TPV) grew 29% year-over-year to $126 billion, while Net Revenue rose 8% to $176 million; GAAP Net Income turned positive at $115 million compared to a $4 million loss in the prior year, driven by a $107 million non-cash tax benefit.
Adjusted EBITDA increased 28% year-over-year to $39 million with a 22% margin, supported by a 7% reduction in total operating expenses to $116 million.
Full-year 2026 guidance projects Net Revenue and Gross Profit growth of 11-12%, with Adjusted EBITDA growth in the low-to-mid 30s; Q4 2026 guidance calls for 3-5% revenue growth and mid-20s EBITDA growth.
TPV surpassed a $500 billion annualized run rate, and the company executed $105 million in common stock repurchases during the first nine months of 2026.