NASDAQ$MQ

Marqeta Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Marqeta's net revenue jumped 53 percent year over year, highlighting customer strength and new innovation.

Marqeta's second quarter results showed a 53% increase in net revenue, reaching $187 million, and a 53% growth in total processing volume. Gross profit increased by 66% to $78 million, while GAAP net loss was $45 million.

  • Net revenue increased by 53% year-over-year to $187 million.
  • Gross profit increased by 66% year-over-year to $78 million, with a gross margin of 42%.
  • Total Processing Volume (TPV) increased by 53% year-over-year to $40 billion.
  • Marqeta announced a partnership with Western Union in Europe.

Headline financials

Total Revenue

$187M

Previous: $122M+52.7%
EPS (adj)

-$0.08

Previous: -$0.29+72.4%
Total Processing Volume

$40B

Previous: $26.5B+50.8%
Capital Expenditures

-$868K

Previous: -$1.1M+20.8%
Free Cash Flow

-$45.6M

Previous: -$69.7M+34.6%
Net Income

-$44.7M

Previous: -$68.6M+34.8%
Operating Income

-$46.7M

Previous: -$68M+31.3%
Gross Profit

$78M

Previous: $47M+66.2%
Cash & Equivalents

$1.22B

Previous: $1.58B-22.7%
Total Assets

$1.78B

Previous: $1.78B-0.2%

Revenue & EPS history

Marqeta · Revenue · Quarterly

$187M

Q2 2022+52.7%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Marqeta's guidance for the third quarter of 2022 includes net revenue growth of 36-38%, a gross profit margin of 43-44%, and an adjusted EBITDA margin of negative 8-9%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.9%

Avg return

Earnings day

-1.4%

Avg return

5 days after

-0.5%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+22.6%

Q3 2023

Best reaction

-41.5%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-7.3%-10.7%
Q4 2025-7.9%-6.5%-4.1%
Q3 2025+8.7%+12.5%+4.0%
Q1 2025+9.5%+18.1%+33.7%
Q4 2024+21.1%+17.7%+19.4%
Q3 2024-41.5%-36.1%-33.8%
Q2 2024+9.4%+4.9%+0.4%
Q1 2024+1.7%-4.0%-7.1%
Q4 2023-8.3%-13.2%-16.3%
Q3 2023+22.6%+13.3%+19.1%
Q2 2023+10.6%+13.2%+28.5%
Q1 2023-5.2%-0.2%+7.6%
Q4 2022-20.9%-12.8%-26.9%
Q3 2022+5.1%+5.6%-2.6%
Q2 2022-19.7%-17.4%-24.4%
Q1 2022+12.1%+23.9%+36.4%
Q4 2021+5.0%-12.4%+10.8%
Q3 2021-10.4%-7.7%-33.1%
Q2 2021-8.6%-17.6%-10.8%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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