Welcome to our dedicated page for Marqeta news (Ticker: MQ), a resource for investors and traders seeking the latest updates and insights on Marqeta stock.
Marqeta, Inc. (NASDAQ: MQ) is a modern card issuing and payments platform headquartered in Oakland, California, operating in the data processing, hosting, and related services industry. This news page aggregates company announcements, financial updates, and product-related developments that reflect how Marqeta’s platform is used to build and embed financial services into branded experiences.
Investors and observers can find earnings and financial results news, including quarterly reports where Marqeta discusses Total Processing Volume (TPV), net revenue, gross profit, and non-GAAP metrics such as Adjusted EBITDA and Adjusted EBITDA margin. These releases often explain how transaction volumes, program mix, and card network incentives affect the company’s financial performance and margins.
The feed also includes corporate and leadership updates, such as the appointment of a new Chief Executive Officer, changes to principal accounting officer designations, and the naming of a Chief Financial Officer. These items are typically reported in press releases and corresponding Form 8-K filings, providing detail on executive roles and governance.
Readers can follow product, partnership, and geographic expansion news, including announcements about Marqeta powering card programs like the Klarna Card and Klarna debit card in multiple markets, and updates on the completion of the TransactPay acquisition to enhance card program management capabilities in the UK and European Economic Area. Marqeta also publishes research-driven news, such as its State of Payments Report, which shares survey insights on consumer and SMB payment behavior.
By reviewing this news stream, users can track how Marqeta’s card issuing platform evolves, how it reports on its operating metrics, and how it positions itself in embedded finance and global payments over time.
Marqeta (NASDAQ: MQ) reported strong Q4 2024 results with Total Processing Volume (TPV) reaching $80 billion, up 29% year-over-year. The company achieved Q4 Net Revenue of $136 million (+14% YoY) and Gross Profit of $98 million (+18% YoY), with a GAAP Net Loss of $27 million.
For full-year 2024, TPV grew 31% to $291 billion, while Net Revenue decreased 25% to $507 million, primarily due to the Cash App renewal impact. The company posted annual Gross Profit of $352 million (+7% YoY) and GAAP Net Income of $27 million.
Key developments include: signing new programs including first consumer credit co-brand partnership, agreement to acquire TransactPay for European expansion, plans to add American Express network, and Board authorization for $300 million share repurchase program.
Marqeta (NASDAQ: MQ) announced its partnership with Trading 212 to power the company's expansion into 20 new European markets within six months. Trading 212, the UK's most downloaded investing app since 2016, offers zero-commission stock trading services and has over 3 million customers.
The partnership enables Trading 212 to issue debit cards with zero fx and account fees, offering 0.5% cashback rewards that can be reinvested on the platform. Marqeta's platform, certified in over 40 countries, simplifies geographic expansion and includes advanced fraud protection features like Real Time Decisioning and 3D Secure authentication.
Trading 212 selected Marqeta for its ability to accelerate market entry and provide a unified solution across multiple regions, rather than launching independently in each country. The collaboration aims to democratize market access and enhance customer engagement through integrated payment solutions.
Marqeta (NASDAQ: MQ) has announced it will host a conference call and webcast to discuss its fourth quarter and full year 2024 financial results on Wednesday, February 26, 2025, at 4:30 pm ET. CEO Simon Khalaf and CFO Mike Milotich will host the call. The financial results will be released via press release after market close on the same day.
Marqeta's platform enables companies to build and integrate financial services into their branded experiences. The company has demonstrated significant scale, processing over $200 billion in annual payments volume in 2023. The platform operates in more than 40 countries, offering built-in compliance and security features, and enables businesses to leverage real-time data for personalized financial solutions.
Marqeta (NASDAQ: MQ) announced its partnership with Slope to power the Slope Card, a Buy Now, Pay Later (BNPL) solution for commercial customers. The card offers businesses 30 or 60-day loan options for both in-store and online purchases, providing flexible payment solutions and improved access to working capital.
Global retailer IKEA has already implemented the Slope Card through its IKEA for Business program, offering BNPL options to small and medium-sized business clients. Slope selected Marqeta for its proven expertise in powering scalable card programs and its single, trusted platform. The partnership aims to transform traditional business financing by providing easier access to low-interest loans and enhanced cash flow management.
Marqeta (NASDAQ: MQ) reported strong Q3 2024 results with Total Processing Volume reaching $74 billion, up 30% year-over-year. Net revenue increased 18% to $128 million, while Gross Profit grew 24% to $90 million. The company posted a GAAP Net Loss of $29 million, though Adjusted EBITDA was positive at $9 million. Key business updates include the introduction of Portfolio Migration service, launch of Marqeta Flex for BNPL integration, and new UX Toolkit. For Q4 2024, Marqeta guides net revenue growth of 10-12% and gross profit growth of 13-15%.
Marqeta's fourth annual State of Credit Report reveals shifting credit card loyalty trends and consumer struggles. The survey of 3,000 people shows that 72% of satisfied cardholders still plan to apply for new cards within a year. 70% of consumers with no plans to apply could be swayed by the right offers. Key findings include: 31% of US consumers want personalized rewards, 19% missed payments in the past year, and 41% of 18-44 year olds report higher credit card debt than last year. The study highlights consumer interest in flexible payment options and growing credit card debt amid rising interest rates.
Marqeta's 2024 State of Credit report reveals shifting customer loyalty patterns in UK credit card usage. Nearly half (48%) of UK consumers report no rewards from their credit cards, while 30% now own retailer-affiliated cards - a 25% increase from 2023. The survey of 1,000 UK consumers shows 53% relied on credit cards to make ends meet, with 43% of multi-card holders saying better rewards would increase their usage.
The study highlights growing interest in flexible payment options, with 63% of UK Buy Now Pay Later (BNPL) users saying it helped them manage finances. Consumer challenges include rising APRs, from 31.8% to 35.5%, with 74% struggling to meet minimum monthly payments and 30% reporting higher debt than last year.
Marqeta (MQ) has unveiled Marqeta Flex, a new Buy Now, Pay Later (BNPL) solution that integrates BNPL options directly into payment apps and wallets. The solution is being developed in partnership with Klarna, Affirm, and payments platform Branch. Marqeta Flex aims to revolutionize BNPL by offering personalized payment options at the moment of need within existing payment flows. Branch plans to integrate the solution into its payments app for W-2 and 1099 workers. The solution benefits consumers with guided BNPL options, payment providers with expanded distribution, and card issuers with multiple BNPL offerings through a single integration.
Marqeta (NASDAQ: MQ) has introduced two new products to enhance its card program management tools: UX Toolkit and Portfolio Migrations. The UX Toolkit aims to reduce front-end development time, allowing customers to create modern payment experiences faster and with fewer resources. It includes UI components, templates, and a builder environment for customization. Portfolio Migrations simplifies the process of transferring card programs to Marqeta's platform, ensuring a smooth transition and seamless cardholder experience.
These enhancements are designed to help Marqeta's customers deliver better user experiences for their cardholders, comply with regulatory requirements, and access advanced card management features and data analytics. Several customers, including Bold.org and Finfare, have already signed on to use the UX Toolkit.
Marqeta (NASDAQ: MQ), the global modern card issuing platform, has announced it will host a conference call and webcast to discuss its third quarter 2024 financial results on Monday, November 4, 2024 at 4:30 pm ET. The call will be hosted by Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer.
A press release containing the Q3 2024 financial results will be issued after the market closes on the same day. The conference call will be webcast live from Marqeta's investor relations website, and a replay will be available on the site following the call.
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