NASDAQ$MQ
Marqeta Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Marqeta's financial performance reflected a mix of strategic progress and challenges in Q2 2024.
Marqeta reported a 32% year-over-year increase in Total Processing Volume (TPV) reaching $71 billion. Net Revenue decreased by 46% to $125 million, impacted by a change in revenue presentation due to a new Cash App contract. GAAP Net Income was $119 million, including a $158 million one-time benefit. Adjusted EBITDA was negative $2 million.
- Total Processing Volume (TPV) increased by 32% year-over-year to $71 billion.
- Net Revenue decreased by 46% year-over-year to $125 million, impacted by Cash App contract changes.
- GAAP Net Income was $119 million, including a one-time benefit of $158 million.
- Marqeta signed a five-year deal with Varo Bank and is the first U.S. issuer-processor certified by Visa to support Visa Flexible Credential.
Headline financials
Revenue & EPS history
Marqeta · Revenue · Quarterly
$125M
Forward guidance
This press release contains forward-looking statements that are subject to risks and uncertainties.
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 2024
-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
| Quarter | Report date | Reaction (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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