Marqeta Reports Third Quarter 2026 Financial Results
Business Wire•03/11/2026•16:05 ET
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Key Highlights
- ➤TPV reached $126 billion, increasing 29% year-over-year
- ➤Net revenue rose 8% to $176 million
- ➤Adjusted EBITDA increased 28% to $39 million; margin reached 22%
- ➤GAAP net income reached $115 million, including a $107 million tax benefit
- ➤FY2026 net revenue growth guidance is 11% to 12%
Expert Statements
Mike Milotich, CEO of Marqeta
“Our third quarter results demonstrate the durable, differentiated business Marqeta is building, as well as our focus on enhancing the platform that customers trust to build and scale their payment programs. TPV surpassed a $500 billion annualized run rate for the first time, Adjusted EBITDA margin set a new high-water mark, and we delivered our third consecutive quarter of GAAP profitability. From Square's credit card on the American Express® Network to Google Wallet for kids, the programs we are launching show how the range, flexibility, and scale of our platform are helping leading companies deliver innovative payment experiences.”
The global modern card issuer reported Total Processing Volume growth of 29% and Gross Profit growth of 7% in the third quarter of 2026.
Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2026.
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