Marqeta

Marqeta, Inc. engages in the creation of a digital payment technology. The firm develops a modern card issuing platform, providing infrastructure and tools for building configurable payment cards. It provides its customers issuer processor services and also acts as a card program manager. The company was founded by Jason M. Gardner in 2010 and is headquartered in Oakland, CA.

Earnings data Q1 2023

Earnings data Q2 2023

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced a new partnership with Stables (formerly Tiiik) to power its new Mastercard prepaid card. Based in Sydney, Australia, Stables is a digital wallet that allows users to spend, send and earn stablecoins, all on one balance.

Marqeta Announces Partnership with Stables in Australia to Power Prepaid Card

Marqeta is forecasting some impressive revenue growth to kick off 2023. However, the company has some headwinds working against its ability to generate higher profit margins.

Is Marqeta Stock a Buy Right Now?

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Investors were in a “shoot first, ask questions later” frame of mind this past week. As for the FinTech IPO Index, earnings reports helped send the group down on yet another five-day journey that saw a 2.7% loss.

FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24%

Marqeta (MQ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Marqeta (MQ) Moves to Buy: Rationale Behind the Upgrade

The heavy selling pressure might have exhausted for Marqeta (MQ) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -35.35% in 4 Weeks, Here's Why Marqeta (MQ) Looks Ripe for a Turnaround

Marqeta is a leading provider of modern card issuing for the fintech industry. The company reported solid financial results for Q4 '22 as it beat both revenue and earnings growth estimates.

Marqeta: Market Overreaction And Undervalued Intrinsically

Marqeta, Inc. (NASDAQ:MQ ) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Stacey Finerman - Vice President, Investor Relations Simon Khalaf - Chief Executive Officer Mike Milotich - Chief Financial Officer Conference Call Participants Tien Huang - JPMorgan Darrin Peller - Wolfe Research Ashwin Shirvaikar - Citi Bob Napoli - William Blair Timothy Chiodo - Credit Suisse Ramsey Assal - Barclays James Faucette - Morgan Stanley Andrew Jeffrey - Truist Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

Marqeta, Inc. (MQ) Q4 2022 Earnings Call Transcript

Slowing buy now, pay later (BNPL) volumes and customers' belt tightening helped send Marqeta's shares down sharply Tuesday after earnings. By the numbers, the card issuing platform company's earnings supplementals show that quarterly total processing volumes (TPV) were 41% year over year to $47 billion.

Despite Embedded Finance's Promise, Slowing BNPL Growth Sends Marqeta Shares Plummeting

Shares of payments-tech provider Marqeta Inc. MQ fell sharply after hours on Tuesday after the company forecast first-quarter sales growth that came in slightly below estimates. The company, whose technology helps facilitate online card payments across customers, apps and merchants, said it expected first-quarter sales growth of 26% to 28%.

Marqeta shares dive as first-quarter forecast comes up shy of expectations

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the fourth quarter and full year ended December 31, 2022. Total processing volume (TPV) was $47 billion for the quarter and net revenue was $204 million. This represented a 41% increase in TPV and a 31% increase in net revenue, compared with the same quarter of 2021. The company saw gross profit of $87 million during the quarter, up 15% year-over-year.

Marqeta Reports Fourth Quarter and Full Year 2022 Financial Results

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced the addition of Chief Legal Officer, Crystal Sumner, as a key member of its executive team. Sumner will be responsible for overseeing Marqeta's global legal and regulatory affairs.

Marqeta Appoints Crystal Sumner as Chief Legal Officer

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OAKLAND, Calif.--( BUSINESS WIRE )--Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it has completed its acquisition of credit card program management platform Power Finance, Inc. (“Power”).

Marqeta Completes Acquisition of Power Finance, Inc.

The fintech company made big news this week.

Why Marqeta Stock Rose 8% This Week

In one week, Marqeta appointed its second CEO and made its first acquisition.

Marqeta Had a Momentous Week: Here's What It Could Mean for the Stock

Investors initially balked at an up to $275 million deal the company struck to buy a peer.

Why Marqeta Stock Rocked 3% Higher Today

Marqeta, Inc. has seen significant share price losses since its 2021 IPO. Losses are driven by high valuations and increasing losses, as top line sales trends remain quite healthy.

Marqeta: Time To Make A Mark

Card issuer Marqeta will acquire card management platform Power Finance in a $275 million deal. “We already see considerable demand for differentiated credit products from companies looking to innovate in this space who are held back by the constraints of legacy technology,” Simon Khalaf, Marqeta's incoming CEO, said in a Monday (Jan. 30) news release.

Marqeta Acquires Card Management Platform Power Finance for $275M

Marqeta Inc. MQ, -3.98% plans to acquire credit-card program-management company Power Finance for at least $223 million in cash, the company announced Monday. “We already see considerable demand for differentiated credit products from companies looking to innovate in this space who are held back by the constraints of legacy technology,” Simon Khalaf, Marqeta's incoming chief executive, said in a release.

Marqeta to purchase credit-card management company Power Finance for at least $223 million

Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company's 13-year history. About one-third of the purchase price is payable over a two-year period subject to certain undisclosed conditions.

News for Marqeta Stock (MQ)