NASDAQ$MQ

Marqeta Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Marqeta's Q3 2022 earnings were released, showing a significant year-over-year revenue increase and platform expansion.

Marqeta reported a 46% year-over-year increase in net revenue, reaching $192 million in Q3 2022. The company's total processing volume grew by 54%, and it launched new banking capabilities and a European data residency program.

  • Net revenue increased by 46% year-over-year to $192 million.
  • Total processing volume (TPV) grew by 54% year-over-year to $42 billion.
  • Gross profit increased by 36% year-over-year to $80 million, with a gross margin of 42%.
  • Launched Marqeta for Banking, expanding its platform with new banking capabilities.

Headline financials

Total Revenue

$192M

Previous: $132M+45.7%
EPS (adj)

-$0.10

Previous: -$0.08-25.0%
Total Processing Volume

$42B

Previous: $27.6B+52.2%
Capital Expenditures

-$1.7M

Previous: -$2.25M+24.5%
Free Cash Flow

-$54.9M

Previous: -$48M-14.4%
Net Income

-$53.2M

Previous: -$45.7M-16.3%
Operating Income

-$59.5M

Previous: -$45.6M-30.4%
Gross Profit

$80.1M

Previous: $59.1M+35.6%
Cash & Equivalents

$1.2B

Previous: $1.26B-4.4%
Total Assets

$1.77B

Previous: $1.78B-0.5%

Revenue & EPS history

Marqeta · Revenue · Quarterly

$192M

Q3 2022+45.7%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Marqeta provided guidance for the fourth quarter of 2022, projecting net revenue growth of 29-31%, a gross profit margin of 42-43%, and an adjusted EBITDA margin of negative 5-6%.

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 Q3 2022

Historical avgQ3 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro