Quarterly ResultAug 4, 2026, 04:15 PM
Marqeta Q2 Net Revenue +17% to $176M; $150M Share Buyback Approved
AI Summary
Marqeta reported strong second-quarter 2026 financial results, with Net Revenue increasing 17% year-over-year to $176 million and Gross Profit also rising 17% to $122 million. The company achieved GAAP Net Income of $8 million and Adjusted EBITDA of $37 million, up 31%. Additionally, the Board approved a new share repurchase program authorizing up to $150 million of Class A common stock, following the completion of a previous program. Najuma Atkinson also resigned from the Board of Directors, a departure stated as not due to any disagreement.
Key Highlights
- Q2 2026 Net Revenue increased 17% YoY to $176 million.
- Q2 2026 Gross Profit grew 17% YoY to $122 million.
- Q2 2026 GAAP Net Income was $8 million, compared to a $1 million loss last year.
- Q2 2026 Adjusted EBITDA rose 31% YoY to $37 million.
- Board approved a new $150 million Class A common stock repurchase program.
- Q3 2026 Net Revenue growth guided to 6-8%; FY2026 to 12-13%.
- Najuma Atkinson resigned from the Board of Directors effective August 3, 2026.
Price Impact
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