NASDAQ$MQ

Marqeta Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Marqeta reported its fourth quarter and full year 2024 financial results, with significant growth in total processing volume and gross profit.

Marqeta reported a strong fourth quarter for 2024, with Total Processing Volume (TPV) increasing by 29% year-over-year to $80 billion and Gross Profit growing by 18% to $98 million. Net Revenue for the quarter was $136 million, a 14% increase year-over-year. The company also reported a GAAP Net Loss of $27 million and Adjusted EBITDA of $13 million for the quarter.

  • Total Processing Volume (TPV) increased by 29% year-over-year to $80 billion in Q4 2024.
  • Gross Profit grew by 18% year-over-year to $98 million in Q4 2024, with a gross margin of 72%.
  • Net Revenue increased by 14% year-over-year to $136 million in Q4 2024.
  • Adjusted EBITDA for Q4 2024 was $13 million, a significant increase from the prior year.

Headline financials

Total Revenue

$136M

Previous: $119M+14.3%
EPS (adj)

-$0.05

Previous: -$0.08+37.5%
Total Processing Volume

$79.9B

Previous: $62B+28.9%
Adjusted EBITDA

$12.7M

Previous: $3.29M+284.7%
Adjusted EBITDA Margin

9.0%

Previous: 3.0%+200.0%
Gross Margin

72.0%

No prior period
Net Income

-$27.1M

Previous: -$40M+32.2%
Operating Income

-$37.4M

Previous: -$56.3M+33.6%
Gross Profit

$98.2M

Previous: $83M+18.3%

Revenue & EPS history

Marqeta · Revenue · Quarterly

$136M

Q4 2024+14.3%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Marqeta provided guidance for the first quarter of 2025, expecting Net Revenue Growth between 14-16%, Gross Profit Growth between 11-13%, and Adjusted EBITDA Margin between 10-11%.

Tailwinds

  • Expected Net Revenue Growth of 14-16% for Q1 2025.
  • Anticipated Gross Profit Growth of 11-13% for Q1 2025.
  • Projected Adjusted EBITDA Margin of 10-11% for Q1 2025.
  • Fiscal Year 2025 Net Revenue Growth expected to be 16-18%.
  • Fiscal Year 2025 Gross Profit Growth expected to be 14-16%.

Headwinds

  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.
  • No specific negative forward guidance was provided in the report.

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 2024

Historical avgQ4 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

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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