NASDAQ$MQ

Marqeta Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Marqeta's Q4 2022 earnings reflected a 31% increase in net revenue and a 41% increase in TPV year-over-year.

Marqeta reported a 31% increase in net revenue to $204 million and a 41% increase in TPV to $47 billion in Q4 2022. The company's gross profit increased by 15% year-over-year to $87 million, while GAAP net loss decreased by 28% to $26 million.

  • TPV increased by 41% year-over-year to $47 billion.
  • Net revenue increased by 31% year-over-year to $204 million.
  • Gross profit increased by 15% year-over-year to $87 million.
  • Net loss decreased by 28% year-over-year to $26 million.

Headline financials

Total Revenue

$204M

Previous: $155M+31.1%
EPS (adj)

-$0.05

Previous: -$0.07+28.6%
Total Processing Volume

$47B

Previous: $33B+42.2%
Net Income

-$26M

Previous: -$36.8M+29.4%
Operating Income

-$54.3M

Previous: -$37.7M-44.0%
Gross Profit

$87M

Previous: $75.8M+14.8%
Cash & Equivalents

$1.18B

Previous: $1.25B-5.1%
Total Assets

$1.77B

Previous: $1.83B-3.3%

Revenue & EPS history

Marqeta · Revenue · Quarterly

$204M

Q4 2022+31.1%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Marqeta provided guidance for the first quarter of 2023, projecting net revenue growth of 26-28%, gross profit growth of 14-16%, and an adjusted EBITDA margin of negative 5-6%.

Tailwinds

  • Net Revenue Growth: 26-28%
  • Gross Profit Growth: 14-16%

Headwinds

  • Adjusted EBITDA Margin: 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 Q4 2022

Historical avgQ4 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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