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Marqeta, Inc. (MQ) stock

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NASDAQ: MQ Nasdaq Transaction & Payment Processing Services Next results ~November 3, 2026

C+ Fundamentals grade

Marqeta, Inc. is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Marqeta, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Marqeta, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling1 purchase and 35 sales by directors and officers, last 12 monthsInsider trades
  • Funds18 adding, 0 cuttingOf 3 active managers that changed their stake, 3 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Marqeta files

Where Marqeta stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $677m, up 22.4% on a year earlier, slower than the 23.4% growth a quarter earlier. Free-cash-flow margin rose to 29.3% from 9.5% a year earlier. Operating margin widened to -1.9% from -19.4%. The diluted share count is up 207.1% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks.

Our model value for Marqeta is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Marqeta, Inc.'s trailing-twelve-month revenue grew 22.4% year on year, with a free-cash-flow margin of 29.3%. Where it stands out: gross margin of 70.0% ranks 2 of 11 transaction & payment processing services companies we cover. Where it lags: stock pay as % of revenue of 13.9% ranks 28 of 30 transaction & payment processing services companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 477% in the quarter to 2026-06-30, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 22.4% over the last 12 months, against a median of 9.7% for transaction & payment processing services companies we cover.
  • Margins widening. Operating margin is up 17.5 points on a year ago.
  • Strong cash generation. 29.3% of revenue turned into free cash flow, against a median of 18.4% for transaction & payment processing services companies we cover.
  • Shrinking share count. Diluted shares fell 6.5% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.7bn.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -1.9%: costs exceed revenue.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 13.9% ranks 28 of 30 transaction & payment processing services companies we cover (median 2.3%).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.08 against an average estimate of $0.01: beat by 476.8%
Revenue
$176m, up 17.0% on a year earlier
Share reaction
-6.7% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
net Revenue Growth growth 6% to 8% (Third Quarter 2026); net Revenue Growth growth 12% to 13% (Fiscal Year 2026)
Next report
November 3, 2026; average EPS estimate $0.05

Marqeta's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.9%
  • 1 week+1.6%
  • 1 month+12.5%
  • This year-2.0%
  • 1 year+2.8%
  • 5 years-84.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$677M
Operating margin
-1.9%
Net margin
1.5%
EPS (TTM, diluted)
$0.09

Growth

Revenue growth
+22.4%
Change in growth rate
−1.0 pts
Share count change
−6.5%

Cash

Free cash flow (TTM)
$198M
FCF margin
29.3%
Stock pay % of revenue
13.9%

Earnings

Last results
August 4, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Leadership
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Marqeta, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Marqeta, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.8 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$1.0 ~$1.2–$3.0 Left out: out of range vs price (0.05x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$1.4 ~$3.9–$30 Left out: out of range vs price (0.08x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Marqeta, Inc. with Transaction & Payment Processing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025
Share price$68.68$24.44$27.92$15.16$19.00
Market value$24.9bn$13.3bn$14.9bn$7.9bn$8.8bn
+ Net debt (− = net cash)−$1.2bn−$1.2bn−$981m−$923m−$709m
Enterprise value$23.7bn$12.1bn$13.9bn$6.9bn$8.1bn
Multiples
Price / sales 48.2x17.8x22.0x15.5x14.1x
Price / earnings ———n/m—
Price / free cash flow n/m—n/m141.1x54.6x
EV / EBITDA —————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

38 /100

Weak moat

How hard Marqeta's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -5.7% of total assets over 6 years.

  • Pricing power 11 / 20

    Gross margin has been a median 56.4%, moving by 13.6 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -22.6%; its worst year was -32.1%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 5 of 6 years, at a median 9.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (43 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $175m and EPS of $0.05 (range $0.05 to $0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.27 +307% $704m +13%
Next $0.50 +85% $808m +15%

Next year's EPS estimate has moved +19.0% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +147.2% on 90 days ago. In the last 30 days, 0 analysts raised Marqeta, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Marqeta, Inc., last 90 days
$0.00 $0.20 $0.40 $0.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.11 Current fiscal year, 60 days ago: $0.11 Current fiscal year, 30 days ago: $0.11 Current fiscal year, 7 days ago: $0.25 Current fiscal year, Now: $0.27 $0.27 Next fiscal year, 90 days ago: $0.42 Next fiscal year, 60 days ago: $0.54 Next fiscal year, 30 days ago: $0.50 Next fiscal year, 7 days ago: $0.50 Next fiscal year, Now: $0.50 $0.50

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.11$0.42
60 days ago $0.11$0.54
30 days ago $0.11$0.50
7 days ago $0.25$0.50
Now $0.27$0.50

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.01 $0.08 +476.8%
Mar 2026 −$0.04 $0.09 +316.0%
Dec 2025 −$0.08 $0.03 +134.0%
Sept 2025 −$0.07 −$0.04 +43.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Net Revenue Growth Fiscal Year 2026 12% growth to 13% growth
    “Net Revenue Growth 6 - 8% 12 - 13%” source
  • Net Revenue Growth Third Quarter 2026 6% growth to 8% growth
    “Net Revenue Growth 6 - 8% 12 - 13%” source
  • Gross Profit Growth Fiscal Year 2026 11% growth to 12% growth
    “Gross Profit Growth 5 - 7% 11 - 12%” source
  • Gross Profit Growth Third Quarter 2026 5% growth to 7% growth
    “Gross Profit Growth 5 - 7% 11 - 12%” source
  • Adjusted EBITDA Growth Third Quarter 2026 20% growth to 25% growth Non-GAAP
    “Adjusted EBITDA Growth (1) 20 - 25% Low 30s” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

14 analysts, Oct 2026
Buy321%
Hold1071%
Sell17%

Monthly trend

  1. Oct 20262110114
  2. Sep 20262110114
  3. Aug 20262110114

Counts of recommendations published by analysts covering Marqeta, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.8%
of tradable shares
Days to cover
4.59
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
57%
of shares
Held by insiders
3.3%
of shares
Employees
938
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +2.8%

$18.12 on October 31, 2025 to $18.62

ThenNowEffect
Revenue (last 12 months) $553m $677m +22.4%
P/S multiple 4.1x 3.0x −25.5%
Share count 125m 111m +12.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −12.3%

$21.24 on November 3, 2023 to $18.62

ThenNowEffect
Revenue (last 12 months) $844m $677m −19.8%
P/S multiple 3.4x 3.0x −10.9%
Share count 136m 111m +22.7%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
MQ−64%+14%−46%+25%−2%
Industry peers (median)−26%+6%+13%−26%+9%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
MQ25%58%25%58%55%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
MQ−68%−51%−53%−35%−23%
S&P 500−25%−10%−8%−19%−9%

Worst fall since June 9, 2021: 90% from November 1, 2021 to November 5, 2024. Getting back needed a 872% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$15.04 – $20.32
From 52-week high
−8.4%
vs 50-day average
+8.6%
vs 200-day average
+12.1%
Volatility (1 year)
41%
Beta vs S&P 500
0.60

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±13.7%
After a week
6 up, 6 down
typical move ±13.9%
After a month
7 up, 5 down
typical move ±13.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −6.7% +1.6% −12.8% −5.8%
May 5, 2026 −8.5% +2.2% −11.7% −10.8%
February 24, 2026 −5.6% +1.6% −1.0% +2.4%
November 5, 2025 +9.4% −0.7% +12.8% +4.5%
August 6, 2025 +22.2% +0.7% +16.3% +10.0%
May 7, 2025 +15.1% +1.1% +25.6% +40.3%
February 26, 2025 +13.0% −1.5% +9.3% +14.1%
November 4, 2024 −41.5% +1.0% −29.2% −33.8%
August 7, 2024 +9.4% +1.6% +6.1% +0.4%
May 7, 2024 +1.7% +0.1% −2.6% −7.1%
February 28, 2024 −8.3% +0.2% −18.5% −16.3%
November 7, 2023 +22.6% +0.4% +21.2% +19.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Marqeta, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Marqeta, Inc.
$400M $500M $600M $700M $800M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $761.2M Revenue (TTM), FY23 Q4: $676.2M Revenue (TTM), FY24 Q1: $576.8M Revenue (TTM), FY24 Q2: $471M Revenue (TTM), FY24 Q3: $490M Revenue (TTM), FY24 Q4: $507M Revenue (TTM), FY25 Q1: $528.1M Revenue (TTM), FY25 Q2: $553.2M Revenue (TTM), FY25 Q3: $588.6M Revenue (TTM), FY25 Q4: $624.9M Revenue (TTM), FY26 Q1: $651.6M Revenue (TTM), FY26 Q2: $677.2M $677.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $761.2M
FY23 Q4 $676.2M
FY24 Q1 $576.8M
FY24 Q2 $471M
FY24 Q3 $490M
FY24 Q4 $507M
FY25 Q1 $528.1M
FY25 Q2 $553.2M
FY25 Q3 $588.6M
FY25 Q4 $624.9M
FY26 Q1 $651.6M
FY26 Q2 $677.2M
Revenue growth, TTM YoY Marqeta, Inc.
-60% -40% -20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 8.8% Revenue growth, TTM YoY, FY23 Q4: -9.6% Revenue growth, TTM YoY, FY24 Q1: -27.9% Revenue growth, TTM YoY, FY24 Q2: -44.2% Revenue growth, TTM YoY, FY24 Q3: -35.6% Revenue growth, TTM YoY, FY24 Q4: -25.0% Revenue growth, TTM YoY, FY25 Q1: -8.4% Revenue growth, TTM YoY, FY25 Q2: 17.5% Revenue growth, TTM YoY, FY25 Q3: 20.1% Revenue growth, TTM YoY, FY25 Q4: 23.3% Revenue growth, TTM YoY, FY26 Q1: 23.4% Revenue growth, TTM YoY, FY26 Q2: 22.4% 22.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 8.8%
FY23 Q4 -9.6%
FY24 Q1 -27.9%
FY24 Q2 -44.2%
FY24 Q3 -35.6%
FY24 Q4 -25.0%
FY25 Q1 -8.4%
FY25 Q2 17.5%
FY25 Q3 20.1%
FY25 Q4 23.3%
FY26 Q1 23.4%
FY26 Q2 22.4%
Operating margin (TTM) Marqeta, Inc.
-60% -40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -36.9% Operating margin (TTM), FY23 Q4: -41.9% Operating margin (TTM), FY24 Q1: -42.6% Operating margin (TTM), FY24 Q2: -15.1% Operating margin (TTM), FY24 Q3: -8.9% Operating margin (TTM), FY24 Q4: -4.8% Operating margin (TTM), FY25 Q1: 1.3% Operating margin (TTM), FY25 Q2: -19.4% Operating margin (TTM), FY25 Q3: -12.8% Operating margin (TTM), FY25 Q4: -7.4% Operating margin (TTM), FY26 Q1: -4.0% Operating margin (TTM), FY26 Q2: -1.9% -1.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -36.9%
FY23 Q4 -41.9%
FY24 Q1 -42.6%
FY24 Q2 -15.1%
FY24 Q3 -8.9%
FY24 Q4 -4.8%
FY25 Q1 1.3%
FY25 Q2 -19.4%
FY25 Q3 -12.8%
FY25 Q4 -7.4%
FY26 Q1 -4.0%
FY26 Q2 -1.9%
FCF margin (TTM) Marqeta, Inc.
0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 2.4% FCF margin (TTM), FY23 Q4: 3.0% FCF margin (TTM), FY24 Q1: 5.3% FCF margin (TTM), FY24 Q2: 17.3% FCF margin (TTM), FY24 Q3: 9.7% FCF margin (TTM), FY24 Q4: 11.0% FCF margin (TTM), FY25 Q1: 12.4% FCF margin (TTM), FY25 Q2: 9.5% FCF margin (TTM), FY25 Q3: 22.4% FCF margin (TTM), FY25 Q4: 25.7% FCF margin (TTM), FY26 Q1: 22.6% FCF margin (TTM), FY26 Q2: 29.3% 29.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 2.4%
FY23 Q4 3.0%
FY24 Q1 5.3%
FY24 Q2 17.3%
FY24 Q3 9.7%
FY24 Q4 11.0%
FY25 Q1 12.4%
FY25 Q2 9.5%
FY25 Q3 22.4%
FY25 Q4 25.7%
FY26 Q1 22.6%
FY26 Q2 29.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 143 290 517 748 676 507 625 677
Gross profit 60 118 232 320 330 352 437 474
EBITDA −56 −44 −158 −206 −272 −7 −19 21
Operating income −59 −47 −162 −210 −283 −24 −46 −13
Net income −58 −48 −164 −185 −223 27 −14 10
Growth (year on year)
Revenue — +102.6% +78.2% +44.7% −9.6% −25.0% +23.3% +22.4%
Net income — — — — — — −151.0% —
Margins
Gross margin 42.2% 40.6% 44.8% 42.8% 48.7% 69.4% 70.0% 70.0%
EBITDA margin −38.9% −15.0% −30.6% −27.5% −40.3% −1.4% −3.1% 3.1%
Operating margin −41.1% −16.2% −31.3% −28.0% −41.9% −4.8% −7.4% −1.9%
Net margin −40.6% −16.4% −31.7% −24.7% −33.0% 5.4% −2.2% 1.5%
Free-cash-flow margin −14.2% 16.5% 10.5% −2.0% 3.0% 11.0% 25.7% 29.3%
Cash flow
Cash from operations −15 50 57 −13 21 58 163 200
Capital spending 5 2 3 2 1 2 2 2
Free cash flow −20 48 54 −15 20 56 161 198
Stock-based pay 22 28 143 108 128 137 105 94
Free cash flow after stock pay −42 20 −88 −123 −107 −81 56 104
Balance sheet
Cash 60 220 1,248 1,184 981 923 709 691
Total debt 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −60 −220 −1,248 −1,184 −981 −923 −709 −691
Diluted shares 342m 369m 363m 545m 533m 519m 462m —
Returned to shareholders
Buybacks — 0 0 78 190 154 391 210
Total returned — 0 0 78 190 154 391 210

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $1.4bn
Short-term assets $1.1bnLonger-term assets $290m
What it owes, and who funded it · $1.4bn
Short-term liabilities $662mLonger-term liabilities $14mShareholders' equity $716m
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $662m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $14m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Marqeta, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$210M
Returned to shareholders
106%
of free cash flow
Buybacks, last 3 fiscal years
$736M
Diluted share count
−6.5%
year over year
Total shareholder yield
10.6%
dividends 0.0% + buybacks 10.6% of market value
Days sales outstanding
27 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in transaction & payment processing services
Last 12 months unless stated MQ FLYW PMTS IMXI SEZL PRTH Median
Revenue, last 12 months $677m $714m $587m $555m $532m $1.0bn $1.6bn
Revenue growth, last 12 months 22.4% 32.2% 16.9% −13.5% 43.1% 8.9% 9.3%
Revenue growth, 3-year average −7.1% 27.1% 6.5% −3.1% 56.7% 12.0% 7.9%
Revenue growth, latest quarter 17.0% 27.2% 15.0% −18.6% 51.7% 9.4% 14.0%
Gross margin 70.0% — 31.0% — — 30.4% 45.0%
Operating margin −1.9% 5.5% 9.2% 6.2% 40.4% 13.8% 9.8%
Operating margin, 3-year average −12.1% −0.0% 10.9% 11.3% 33.3% 14.1% 11.1%
Net margin 1.5% 4.8% 2.3% 3.4% 30.4% 5.6% 6.1%
Cash from operations / revenue 29.5% 23.3% 15.6% 5.6% 51.8% 12.8% 18.4%
Free-cash-flow margin 29.3% 23.2% 13.0% 1.6% 51.6% 10.4% 16.1%
Free-cash-flow margin, 3-year average 18.7% 16.8% 8.5% 12.2% 34.0% 7.4% 16.3%
Stock pay / revenue 13.9% 9.9% 1.1% 1.3% 0.8% 1.0% 2.2%
Change in share count −6.5% 0.3% −0.5% −3.1% −1.7% 5.6% −2.7%

Median of all 30 companies we cover in transaction & payment processing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

30 transaction & payment processing services companies
Measure Company Peer median Rank
Revenue growth Growth 22.4% 9.7% 9 of 30
Change in growth rate Growth -1.0pp -0.3pp 18 of 30
Gross margin Profitability 70.0% 51.7% 2 of 11
Operating margin Profitability -1.9% 9.8% 25 of 29
Net margin Profitability 1.5% 6.6% 22 of 30
Free-cash-flow margin Cash generation 29.3% 18.4% 8 of 25
Stock pay as % of revenue Cash generation 13.9% 2.3% 28 of 30
Change in share count Balance sheet -6.5% -1.7% 5 of 26
Days sales outstanding Balance sheet 27 days 53 days 4 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Platform Service Revenue Net $594M 95.1% ▲ 23.4%
Other Services Revenue $30.7M 4.9% ▲ 21.4%

From Marqeta, Inc.'s 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$295M
Institutions reporting
19
Shares held vs prior quarter
▲ 2419917500.0%
Positions opened / closed
18 / 0

Top buyers and sellers, Q2 2026: 18 institutions bought and 0 sold ; the biggest buyer was Price T Rowe Associates Inc (+45.5M shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Price T Rowe Associates Inc $185M 45.5M 62.6% New
T. Rowe Price Investment Management, Inc. $103M 25.4M 35.0% New
Marshall Wace, LLP $3.4M 845K 1.2% New
Dark Forest Capital Management LP $1.3M 329K 0.5% New
Sbi Securities Co., Ltd. $736,793 181K 0.2% New
Harbor Capital Advisors, Inc. $564,000 139K 0.2% New
Public Employees Retirement System Of Ohio $525,461 129K 0.2% New
Ensign Peak Advisors, Inc $152,636 38K 0.1% New
Cornerstone Investment Partners, LLC $132,937 33K 0.0% New
Parallel Advisors, LLC $27,178 7K 0.0% New
Eversource Wealth Advisors, LLC $7,015 2K 0.0% New
Essential Partners LLC $3,877 1K 0.0% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Marqeta, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $100,490 1 trade by 1 insider, last 12 months Insider sales History → $2.4M 35 trades by 6 insiders · 100% under pre-set plans
Net ▼ $2.3M net selling
Insider Date Trade Shares Price Value
Sumner Crystal See Remarks October 15, 2026 Sell pre-set plan 1,250 $18.76 $23,449
Cummings Martha Director September 16, 2026 Sell pre-set plan 713 $16.01 $11,415
Sumner Crystal See Remarks September 15, 2026 Sell pre-set plan 1,250 $16.39 $20,488
Sumner Crystal See Remarks September 1, 2026 Sell pre-set plan 1,250 $16.27 $20,338
Cummings Martha Director August 14, 2026 Sell pre-set plan 713 $16.47 $11,743
Cummings Martha Director July 15, 2026 Sell pre-set plan 713 $16.22 $11,565
Pollak Todd Chief Revenue Officer July 1, 2026 Sell pre-set plan 18,750 $16.88 $316,500
Sumner Crystal See Remarks June 15, 2026 Sell pre-set plan 5,056 $3.89 $19,668
Paul Elaine Director June 12, 2026 Sell pre-set plan 18,148 $3.80 $68,962
Cummings Martha Director June 12, 2026 Sell pre-set plan 14,831 $3.80 $56,358
Atkinson Najuma Director June 12, 2026 Sell pre-set plan 10,889 $3.80 $41,378
Cummings Martha Director May 15, 2026 Sell pre-set plan 2,853 $3.85 $10,984

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • February 24, 2026
  • November 5, 2025
  • August 6, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Marqeta, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Marqeta, Inc. in brief

What does Marqeta, Inc. do?
Marqeta, Inc. is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.
What is Marqeta, Inc.'s stock ticker?
Marqeta, Inc. trades under the ticker MQ on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Marqeta, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Marqeta, Inc. reported revenue of $677M, 22.4% higher than a year earlier, according to its SEC filings.
What is Marqeta, Inc.'s free cash flow?
Marqeta, Inc.'s free-cash-flow margin is 29.3% of revenue over the trailing twelve months, ranking 8 of the 25 transaction & payment processing services companies we cover.
Who are Marqeta, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Price T Rowe Associates Inc, T. Rowe Price Investment Management, Inc. and Marshall Wace, LLP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Marqeta, Inc. buying back stock, and does it pay a dividend?
Marqeta, Inc. spent $210M on share repurchases over the trailing twelve months, and its diluted share count fell 6.5% over the year.
What is Marqeta, Inc.'s market cap?
On December 31, 2025, Marqeta, Inc.'s market capitalisation was about $8.8B and net debt of -$709M. Market figures come from third-party market data and may be delayed.
Who are Marqeta, Inc.'s competitors?
In our Transaction & Payment Processing Services peer group, the companies closest to Marqeta, Inc. are Flywire Corp, CPI Card Group Inc., International Money Express, Inc., Sezzle Inc. and Priority Technology Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Marqeta, Inc.'s.
Are insiders buying or selling Marqeta, Inc. stock?
Over the last 12 months, Marqeta, Inc.'s directors and officers reported 1 open-market purchases and 35 sales on Form 4. The insider trading page charts every trade.
When is Marqeta, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Marqeta, Inc. announces its own schedule.