Marqeta — Third Quarter 2026 Earnings Summary

Marqeta reported third-quarter 2026 financial results showing a 29% year-over-year increase in Total Processing Volume to $126 billion and an 8% rise in Net Revenue to $176 million. The company achieved GAAP Net Income of $115 million, driven largely by a $107 million non-cash tax benefit from the release of valuation allowances, while Adjusted EBITDA grew 28% to $39 million. Gross Profit increased by 7% to $122 million, resulting in a 66% net income margin for the quarter. Key operational milestones included enabling the Square Credit Card on the American Express Network and expanding partnerships with Google, Satispay, and Coinbase.