NASDAQ$MQ
Marqeta Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Marqeta's Q4 2023 financial results reflected a decrease in net revenue due to the Cash App contract renewal, but showed growth in total processing volume and improvements in adjusted EBITDA.
Marqeta reported a 33% year-over-year increase in total processing volume (TPV) to $62 billion for Q4 2023. Net revenue for the quarter was $119 million, a 42% decrease year-over-year, primarily due to the Cash App contract renewal. The company reported a GAAP net loss of $40 million and Adjusted EBITDA income of $3 million for the quarter.
- Total Processing Volume (TPV) increased by 33% year-over-year to $62 billion.
- Net revenue decreased by 42% year-over-year to $119 million, impacted by the Cash App contract renewal.
- Gross profit decreased by 4% year-over-year to $83 million.
- Net loss increased by 53% year-over-year to $40 million, driven by expenses related to the Power Finance acquisition.
Headline financials
Revenue & EPS history
Marqeta · Revenue · Quarterly
$119M
Forward guidance
Marqeta is focused on platform enhancement with new credit card program management capabilities, renewing processing volume to longer-term deals, and delivering on operating efficiency. The company sees continued growth in Fintech and opportunities in embedded finance.
Tailwinds
- Enhanced platform with new credit card program management capabilities.
- Renewed the large majority of processing volume to longer term deals.
- Delivered on operating efficiency.
- Continued growth in Fintech.
- Exciting opportunities in embedded finance.
Headwinds
- Uncertainties related to global economies.
- Risk of not attracting, retaining, diversifying, and expanding customer base.
- Risk of consumers and customers not perceiving the benefits of Marqeta’s products.
- Risk of changes in the regulatory landscape.
- Risk of financial services and banking sector instability.
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 2023
-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 | — | — | — |
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