Quarterly ResultMay 5, 2026, 04:18 PM
Marqeta Achieves Q1 GAAP Net Income Profitability; TPV +33%
AI Summary
Marqeta, Inc. reported its first quarter 2026 financial results, achieving GAAP Net Income profitability for the first time with $8 million in net income. The company demonstrated strong growth, with Total Processing Volume increasing by 33% and both Net Revenue and Gross Profit growing by 19% year-over-year. Marqeta also highlighted significant business momentum through customer expansions with Ramp and Sezzle, and new product launches, while providing positive financial guidance for the second quarter and full year 2026.
Key Highlights
- GAAP Net Income was $8 million, compared to a net loss of $8 million in Q1 2025.
- Total Processing Volume (TPV) increased 33% year-over-year to $112 billion.
- Net Revenue grew 19% year-over-year to $166 million.
- Gross Profit increased 19% year-over-year to $118 million.
- Adjusted EBITDA rose 66% year-over-year to $33 million.
- Q2 2026 Net Revenue growth is guided between 14-16%.
- Q2 2026 Gross Profit growth is guided between 14-16%.
- Q2 2026 Adjusted EBITDA growth is guided between 10-12%.