Announcement • May 07
Marqeta, Inc. Provides Earnings Guidance for the Second Quarter of 2026 Marqeta, Inc. provided earnings guidance for the second quarter of 2026. For the quarter, the company expects net revenue growth of 14% to 16% and gross profit growth of 14% to 16%. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.018 (vs US$0.016 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.018 (up from US$0.016 loss in 1Q 2025). Revenue: US$165.8m (up 19% from 1Q 2025). Net income: US$7.83m (up US$16.1m from 1Q 2025). Profit margin: 4.7% (up from net loss in 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Global Diversified Financial industry. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 13
Marqeta, Inc., Annual General Meeting, Jun 10, 2026 Marqeta, Inc., Annual General Meeting, Jun 10, 2026. Announcement • Mar 31
Marqeta Inc Enhances Real-Time Decisioning Offering With Ai-Powered Risk Score Marqeta, Inc. had enhanced its Real-Time Decisioning (RTD) offering with an AI-powered risk score that analyzes transaction risk levels at the point of the authorization decision. With the new integrated capabilities, Marqeta enables its customers to make smarter, data-driven risk assessments to prevent payment fraud and reduce false declines. Part of its suite of risk services, the company’s RTD offering allows customers to create custom rules and controls to manage fraud. The risk score is integrated into Marqeta’s platform, analyzing proprietary transaction data from its card programs to detect risk patterns specific to each customer’s use cases. The score evaluates 300+ real-time transaction attributes against historical behavioral patterns, automatically adapting to unique cardholder behaviors and market shifts. This enables customers to assess each transaction’s risk level, take immediate action, and run risk scenarios that are based on their actual cardholder data–all with millisecond-level response times. Payment fraud is getting more sophisticated, with global payment fraud expected to rise by 153% between 2025 and 2030. With this level of sophistication, fraud detection models need to be able to detect new fraud patterns and stay ahead of developing threats. Marqeta addresses this challenge by combining its RTD authorization rules with the predictive power of machine learning in order to continuously identify new fraud patterns and fight against emerging threats. Marqeta’s suite of risk services, RiskControl, includes Know Your Customer (KYC), 3D Secure, Real-Time Decisioning (RTD), and end-to-end disputes management. Announcement • Mar 27
Marqeta, Inc. to Report Q1, 2026 Results on May 05, 2026 Marqeta, Inc. announced that they will report Q1, 2026 results After-Market on May 05, 2026 Announcement • Feb 25
Marqeta, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2026 Marqeta, Inc. provided earnings guidance for the first quarter and full year of 2026. For the quarter, the company expects net revenue growth of 17% to 19% and gross profit growth of 17% to 19%.
For the year, the company expects net revenue growth of 12% to 14% and gross profit growth of 10% to 12%. Announcement • Jan 09
Marqeta, Inc. to Report Q4, 2025 Results on Feb 24, 2026 Marqeta, Inc. announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Announcement • Jan 07
Marqeta, Inc. Announces Appointment of Patti Kangwankij as Chief Financial Officer, Effective February 9, 2026 Marqeta, Inc. announced the appointment of Patti Kangwankij as the Company’s Chief Financial Officer, effective February 9, 2026. Ms. Kangwankij will oversee all aspects of Marqeta’s financial operations, supporting the Company’s strategy to drive rapid growth and enhanced profitability. Patti Kangwankij is an experienced finance executive with over 20 years of experience across the technology, financial and global payments industries. She will join Marqeta from real estate technology company Roofstock, where she serves as CFO. Prior to that, Ms. Kangwankij was Head of Payments Finance and Strategy at Stripe, where she was instrumental in scaling the finance and strategy function during a period of rapid growth. Ms. Kangwankij previously worked at JPMorgan Chase & Co., starting in the investment bank, before serving as Managing Director & CFO for both the Co-Branded Credit Card and Merchant Services businesses during her nearly 15-year tenure. She will succeed Mike Milotich as CFO who, as previously announced, was appointed Marqeta’s Chief Executive Officer in September 2025. Announcement • Dec 08
Marqeta, Inc. (NasdaqGS:MQ) announces an Equity Buyback for $100 million worth of its shares. Marqeta, Inc. (NasdaqGS:MQ) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its Class A common stock. The execution of the repurchase program will be consistent with the company’s capital allocation strategy. The program has no set expiration date. Recent Insider Transactions • Nov 18
Chief Administrative Officer recently sold Mex$455k worth of stock On the 14th of November, Crystal Sumner sold around 5k shares on-market at roughly Mex$90.05 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth Mex$5.1m. Insiders have been net sellers, collectively disposing of Mex$302m more than they bought in the last 12 months. Reported Earnings • Nov 07
Third quarter 2025 earnings released: US$0.008 loss per share (vs US$0.056 loss in 3Q 2024) Third quarter 2025 results: US$0.008 loss per share (improved from US$0.056 loss in 3Q 2024). Revenue: US$163.3m (up 28% from 3Q 2024). Net loss: US$3.62m (loss narrowed 87% from 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Global Diversified Financial industry. Announcement • Nov 06
Marqeta, Inc. Provides Earnings Guidance for the Fourth Quarter of 2025 Marqeta, Inc. provided earnings guidance for the fourth quarter of 2025. For the fourth quarter, the company expects net revenue growth to be 22% to 24%. Announcement • Oct 25
Marqeta, Inc. Announces Executive Changes, Effective October 21, 2025 As of October 21, 2025, the Board of Directors of Marqeta, Inc. designated Sarah Barkema, the Company’s Chief Accounting Officer, as the Company’s Principal Accounting Officer, effective as of the same date. In connection with Ms. Barkema’s designation, Mike Milotich, the Company’s Chief Executive Officer and Chief Financial Officer, will no longer be designated as the Company’s Principal Accounting Officer. Ms. Barkema, age 43, has served as Chief Accounting Officer at Marqeta since September 2024. Prior to joining Marqeta, she served as the Chief Accounting Officer at Stitch Fix, Inc. from November 2021 until September 2024. Previously, she held financial leadership roles at Fortive, from February 2018 until November 2021, and VF Corporation from October 2016 until February 2018. Throughout her career, Ms. Barkema has held accounting and reporting roles at companies including NW Natural, Nike, and Deloitte & Touche. She has a BBA in Accounting from the University of Iowa and earned an MBA in Accounting from Pittsburg State University. Board Change • Oct 23
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CEO & Director Mike Milotich was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 26
Marqeta, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Marqeta, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Recent Insider Transactions • Aug 19
Chief Revenue Officer recently sold Mex$13m worth of stock On the 15th of August, Todd Pollak sold around 116k shares on-market at roughly Mex$116 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$279m. Insiders have been net sellers, collectively disposing of Mex$293m more than they bought in the last 12 months. Board Change • Aug 13
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Wendy Thomas was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 07
Marqeta, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2025 Marqeta, Inc. provided earnings guidance for the third quarter and full year of 2025. For the third quarter, the company expects net revenue growth of 15% to 17%.
For the year, the company expects net revenue growth of 17% - 18%. Announcement • Jun 27
Marqeta, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Marqeta, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • May 08
Marqeta, Inc. Provides Earnings Guidance for the Second Quarter Ended March 31, 2025 and Fiscal Year 2025 Marqeta, Inc. provided earnings guidance for the second quarter Ended March 31, 2025 and fiscal year 2025. For the quarter, the company expects net revenue growth of 11 - 13% .
For the year, the company expects net revenue growth of 13 - 15%. Announcement • Apr 18
Marqeta, Inc., Annual General Meeting, Jun 12, 2025 Marqeta, Inc., Annual General Meeting, Jun 12, 2025. Announcement • Apr 17
Marqeta, Inc. Announces Board Changes Marqeta, Inc. announced that on April 10, 2025, Godfrey Sullivan notified the Board of Directors of the company of his intent to resign from the Board effective as of the Annual Meeting of Shareholders on June 12, 2025 (the “Annual Meeting”). Mr. Sullivan serves as a member of the Board’s Audit Committee. Mr. Sullivan’s resignation as a director is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. On April 10, 2025, Helen Riley notified the Board of her intent to resign from the Board effective as of the Annual Meeting. Ms. Riley serves as a member of the Board’s Audit Committee. Ms. Riley’s resignation as a director is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. As of April 18, 2025, the Board appoints Wendy Thomas to serve as a Class I member of the Board, and Elaine Paul to serve as a Class III member of the Board. Both Ms. Paul and Ms. Thomas will serve as members of the Audit Committee. Ms. Paul will also serve as a member of the Nomination and Governance Committee, and Ms. Thomas will also serve as a member of the Payments Innovation Committee. There are no arrangements or understandings between either Ms. Paul or Ms. Thomas and any other person, in each case, pursuant to which Ms. Paul and Ms. Thomas were appointed to serve on the Board. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to Mex$89.00, the stock trades at a trailing P/E ratio of 76.1x. Average forward P/E is 11x in the Diversified Financial industry in South America. Total loss to shareholders of 59% over the past three years. Announcement • Mar 28
Marqeta, Inc. to Report Q1, 2025 Results on May 07, 2025 Marqeta, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Mar 01
Marqeta, Inc. (NasdaqGS:MQ) announces an Equity Buyback for $300 million worth of its shares. Marqeta, Inc. (NasdaqGS:MQ) announces a share repurchase program. Under the program, the company will repurchase up to $300 million worth of its Class A common stock. The execution of the repurchase program will be consistent with the company’s capital allocation strategy. The program has no set expiration date. Announcement • Feb 27
Marqeta, Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2025 Marqeta, Inc. provided earnings guidance for the first quarter and fiscal year 2025. For the quarter, the company expects net revenue growth of 14% - 16%.
For the year, the company expects net revenue growth of 16% - 18%. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: US$0.054 (vs US$0.42 loss in FY 2023) Full year 2024 results: EPS: US$0.054 (up from US$0.42 loss in FY 2023). Revenue: US$507.0m (down 25% from FY 2023). Net income: US$27.3m (up US$250.2m from FY 2023). Profit margin: 5.4% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Global Diversified Financial industry. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Feb 27
Marqeta, Inc. Announces Simon Khalaf Steps Down as a Director Marqeta, Inc. announced that Simon Khalaf, who has stepped down as a Director. Board Change • Feb 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director R. Graf was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 10
Marqeta, Inc. to Report Q4, 2024 Results on Feb 26, 2025 Marqeta, Inc. announced that they will report Q4, 2024 results on Feb 26, 2025 Board Change • Dec 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director R. Graf was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 12
Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Marqeta, Inc. Investors Law Offices of Howard G. Smith announced that a class action lawsuit has been filed on behalf of investors who purchased Marqeta, Inc. securities between May 7, 2024 and November 4, 2024, inclusive (the “Class Period”). Marqeta investors have until February 7, 2025to file a lead plaintiff motion. On November 4, 2024, Marqeta released weaker-than-expected third quarter 2024 financial results and fourth quarter 2024 guidance. The Company explained its “guidance reflects several changes that became apparent over the last few months with regards to the heightened scrutiny of the banking environment and specific customer program changes.” On this news, Marqeta’s stock price fell $2.53, or 42.5%, to close at $3.42 per share on November 5, 2024, thereby injuring investors. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: Marqeta’s investment in compliance and program management capabilities were inadequate to deal with regulatory scrutiny facing its banking partners leading to significantly longer onboarding delays for new customers; and as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Reported Earnings • Nov 05
Third quarter 2024 earnings released: US$0.056 loss per share (vs US$0.10 loss in 3Q 2023) Third quarter 2024 results: US$0.056 loss per share (improved from US$0.10 loss in 3Q 2023). Revenue: US$128.0m (up 18% from 3Q 2023). Net loss: US$28.6m (loss narrowed 48% from 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Global Diversified Financial industry. Announcement • Nov 05
Marqeta, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024 Marqeta, Inc. provided earnings guidance for the fourth quarter of 2024. For the quarter, Net revenue growth is expected to between 10% - 12%. Announcement • Oct 28
Marqeta Announces Marqeta Flex Solution At Money 2020 Marqeta unveiled its Marqeta Flex solution at Money 2020, an innovative new solution that revolutionizes the way BNPL payment options can be delivered inside payment apps and wallets, surfacing them at the moment of need within an existing payment flow. Marqeta Flex is being developed with leading payment providers Klarna and Affirm and payments platform Branch. Branch, a key innovation partner, plans to integrate the solution into its payments app for W-2 and 1099 workers, enabling their end users to easily access BNPL loan options catered to their individual needs. Marqeta has already partnered to support the exponential growth of BNPL solutions, bringing pay over time options to millions of consumers globally. Marqeta Flex is poised to bring even further syndication to the BNPL space. The solution expands the distribution of BNPL while personalizing the experience for shoppers, providing them with access to their favorite BNPL options when they need them. Supporting some of the largest BNPL solutions and card issuers, Marqeta is uniquely positioned to recognize the opportunity for expanded BNPL distribution and how it allows for enhanced payment capabilities and greater consumer choice. The intended benefits of Marqeta Flex for consumers, payment providers and issuers include: Consumers: With Marqeta Flex, consumers will be guided to the BNPL options that can meet their needs. They get access to personalized BNPL options inside of the payment apps they use most often. Payment Providers: Marqeta Flex expands BNPL distribution, allowing payment providers that offer pay over time options to benefit from even greater access to consumers and higher transaction volumes. Card issuers and digital wallets: Marqeta Flex is a powerful solution for digital wallets and card issuers, allowing them to drive payment volume by incorporating multiple BNPL offerings into the transaction experience that can be customized to user preferences. With a single integration with Marqeta Flex, they'll have access to a variety of global BNPL providers, increasing the speed at which they can build and launch card solutions that offer flexible payment methods, including custom and user-friendly BNPL loan options. Marqeta Flex is intended to be fast and simple for consumers. When launched, the user will choose the Pay Later option within their payment app and be provided with personalized BNPL payment plan options. Announcement • Sep 27
Marqeta, Inc. to Report Q3, 2024 Results on Nov 04, 2024 Marqeta, Inc. announced that they will report Q3, 2024 results After-Market on Nov 04, 2024 Announcement • Sep 25
Marqeta Appoints Fouzi Husaini as Its Chief Artificial Intelligence Officer Fouzi Husaini has joined US-based card issuing platform Marqeta as its Chief Artificial Intelligence officer, the company said. Previously at Capital One and Amazon, Husaini will play a pivotal role in scaling Marqeta's AI organization to help increase purchasing power for all by reducing risk and improving consumer and commercial rewards, while also helping accelerate the pace of innovation. Most recently, Husaini served as the vice president of Machine Learning Engineering at Capital One, where he focused on building ML models to support Capital One's credit products and services, including marketing, fraud, small business, and more. Before Capital One, he led a technical team at Amazon who delivered AI/ML customer-facing experiences to Alexa customers, and also focused on Amazon's machine learning risk platform. Last year, Marqeta announced its first investments in generative AI, including Marqeta Docs AI, an AI-powered question and answer tool that allows customers to quickly navigate the Marqeta Docs site by asking questions specific to their use cases. Board Change • Sep 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director R. Graf was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 29
Marqeta, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Marqeta, Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Recent Insider Transactions • Jun 28
Independent Director recently sold Mex$4.0m worth of stock On the 25th of June, Martha Cummings sold around 40k shares on-market at roughly Mex$99.05 per share. This transaction amounted to 68% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought Mex$10m more than they sold in the last 12 months. Announcement • Jun 05
Marqeta Names Marcin Glogowski as SVP, Managing Director Europe and UK CEO Marqeta announced the company has named PayPal veteran Marcin Glogowski as SVP, Managing Director Europe and UK CEO, where he will be responsible for leading Marqeta in the region. Glogowski joins Marqeta from PayPal, where most recently he led the Central Eastern Europe region, overseeing growth strategy and sales across 30 European markets. Before PayPal, he spent 10 years in strategic consulting working for multinational financial services organizations in Europe and beyond. He will be based in Marqeta’s newly expanded London office. Announcement • May 09
Marqeta, Inc. (NasdaqGS:MQ) announces an Equity Buyback for $200 million worth of its shares. Marqeta, Inc. (NasdaqGS:MQ) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its Class A common stock. The execution of the repurchase program will be consistent with the company’s capital allocation strategy. The program has no set expiration date. Announcement • Apr 28
Marqeta, Inc., Annual General Meeting, Jun 13, 2024 Marqeta, Inc., Annual General Meeting, Jun 13, 2024, at 11:30 US Eastern Standard Time. Agenda: To elect the three Class III director nominees named in the Proxy Statement to hold office until the 2027 annual meeting of stockholders or until their successors are elected and qualified; to ratify the appointment of KPMG LLP as an independent registered public accounting firm for the fiscal year ended December 31, 2024; to approve a non-binding advisory resolution approving the compensation of the named executive officers; and to transact such other business as may properly come before the Annual Meeting. Announcement • Apr 03
Marqeta, Inc. to Report Q1, 2024 Results on May 07, 2024 Marqeta, Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Board Change • Mar 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Naj Atkinson was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 29
Full year 2023 earnings released: US$0.42 loss per share (vs US$0.34 loss in FY 2022) Full year 2023 results: US$0.42 loss per share (further deteriorated from US$0.34 loss in FY 2022). Revenue: US$676.2m (down 9.6% from FY 2022). Net loss: US$223.0m (loss widened 21% from FY 2022). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Global Diversified Financial industry. Board Change • Jan 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Naj Atkinson was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 13
Marqeta, Inc. to Report Q4, 2023 Results on Feb 28, 2024 Marqeta, Inc. announced that they will report Q4, 2023 results After-Market on Feb 28, 2024 Board Change • Dec 19
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Naj Atkinson was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 12
Marqeta Appoints Alan Carlisle as Chief Compliance Officer Marqeta announced the appointment of Alan Carlisle as its Chief Compliance Officer (CCO). Carlisle, previously Enterprise Chief Compliance Officer at SoFi, will be responsible for elevating and expanding Marqeta’s regulatory compliance management system. Carlisle joins Marqeta from SoFi, a publicly traded online personal finance company and bank, where he served as Enterprise CCO for over six years. He was responsible for the broad oversight of the company’s compliance management program, leading its lending, mortgage, securities, and banking sectors as the company experienced massive scale, growing from a few hundred to over 4,000 employees during his time there. Before SoFi, Carlisle spent over a decade in senior executive roles at financial services companies, ranging from crowdfunding platforms to marketplace lenders. He holds several compliance certifications, including the CRCM, CAFP, CRCP, CAMS, CGSS, and CIPP-US, has served on numerous industry committees, and acts as a regulatory strategic advisor for various fintech and regulatory technology companies. Marqeta’s appointment of Carlisle comes at a time of continued growth and scale. Carlisle will play a crucial role in ensuring compliance is baked into everything Marqeta does, helping its customers launch innovative new card programs while properly navigating a complex web of relevant laws, regulations, and fintech industry standards. Announcement • Nov 08
Marqeta, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023 Marqeta, Inc. provided earnings guidance for the fourth quarter and full year 2023. For the quarter, Net revenue is expected to contract between 45% and 47%. For the year, Net revenue is expected to contract by low double-digit percentage with an approximately high 30s percentage point decline due to the Cash App renewal, mostly due to the change in accounting treatment. Announcement • Oct 24
Marqeta, Inc. Introduces New Credit Card Platform, Helping Brands Redefine Customer Loyalty with Dynamic and Embedded Credit Experiences Marqeta, Inc. introduced its new credit card issuing platform, adding intuitive credit card program management tools and creating a one-stop shop for launching consumer and commercial credit programs. With this launch, brands can create a new standard for credit cards that encourage greater customer loyalty with personalized rewards, completely owning the experience for their customers from end-to-end. Marqeta’s expanded credit offering cements the platform as a complete solution for embedded finance, able to support any card type and any format, all from the same platform. It will allow customers to build credit card products that are innovative, personalized and designed to boost cardholder engagement, unburdening customers from the need to work with cumbersome legacy technology or patch together solutions across vendors. Through Marqeta, customers won’t have to build credit cards with black box legacy infrastructure or from a patchwork of different solutions. Instead, through one single, modern tech stack that has been proven at scale, they can build out a credit product closely tailored to the needs of consumer and commercial cardholders and embed the experiences directly inside their existing web and mobile apps. Marqeta’s platform is targeted primarily at fintechs and non-financial services companies, offering them the following benefits: Own the full customer experience of your card: When a brand looks to launch a credit card today, current limitations force them to deliver cardholders to the banks website to access card information and limit their ability to engage with their customers on their own terms. Marqeta enables brands to own the entire experience by embedding a credit card into their own digital experience, allowing them to increase overall customer engagement with their product. According to Marqeta’s 2023 State of Credit Report, 55% of consumers surveyed held the brand responsible for customer service of a co-branded card, showing that brands are taking risks in outsourcing card management to a third-party bank. Build a card that promotes customer loyalty through personalized rewards: Marqeta’s credit card platform allows customers to redefine how they build customer loyalty. Marqeta research showed that 44% of consumers surveyed felt that rewards are the main factor in deciding which credit card is top of wallet for them. The company’s next-generation personalized rewards engine will help its customers build reward programs that adapt to cardholder preference, or for commercial cards, help customers reinvest back in the business with customized rewards categories. Harness real-time data and flexible funding models to build cards that better meet cardholder needs: Through Marqeta, customers can tailor card products to closely match customer needs. They can access real-time data to gain cardholder insights and help them tailor their products, set spend controls that determine how a card can be used, and easily generate cards for new users that can be issued instantly. Customers building commercial card programs can choose from a range of flexible funding models for their cardholders, such as Net 30 Charge Cards, Receivables Purchase, and Revolving Credit, to allow them to take control of their business’ financial health and access capital more easily. Marqeta’s enhanced credit features are a result of the completed integration with Power Finance, which Marqeta acquired in January 2023. With this offering, Marqeta has solidified a position as the first modern end-to-end card issuing and processing solution for commercial and consumer card programs. This continues Marqeta’s long track record of working to free up brands and companies from needing to build payment products on top of legacy financial solutions, and builds on a long history of innovation. Its modern card issuing platform was one of the first in the industry to be powered by open APIs, and it has led the industry with its Just-in-Time Funding functionality and instant card tokenization features. Marqeta has scaled its platform to support more than $160 billion in total payment volume in 2022 and is enabled in more than 40 countries. Announcement • Sep 27
Marqeta, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Marqeta, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Board Change • Sep 19
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Naj Atkinson was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 30
Marqeta Appoints Heather Gantt-Evans as Chief Information Security Officer Marqeta announced the appointment of Heather Gantt-Evans as its Chief Information Security Officer (CISO). Gantt-Evans is a previous security and risk management leader at SailPoint, The Home Depot and Ernst & Young, and will be responsible for overseeing Marqeta’s global corporate and product security strategies. Gantt-Evans joins Marqeta from SailPoint, a leading identity security software provider, where she served as the CISO and was responsible for designing the company's cybersecurity strategy and implementing methods to reduce business and product risk. Before SailPoint, she led security operations and cyber resilience for The Home Depot, and spent five years consulting Fortune 100 companies with Ernst & Young, sparking her interest in financial services. Gantt-Evans is also a US Army Reserves veteran, having served as an all-source threat intelligence analyst while supporting the Air Force Cyber Command, focusing on cyber threat intelligence and cyber fusion operations. Additionally, Gantt-Evans lends her expertise to multiple advisory boards and serves as the chairperson of Envision Radiology’s cybersecurity committee. In 2021, she was recognized as a Top Cybersecurity Leader by Security Magazine. Marqeta appoints Gantt-Evans during a time of global growth. Marqeta is certified in over 40 countries worldwide, most recently having entered the Brazilian market. As it continues to expand, Gantt-Evans will be responsible for securing business operations and payment data, including sensitive personally identifiable information (PII), for Marqeta, its customers, and employees. Recent Insider Transactions • Aug 22
Independent Director recently bought Mex$20m worth of stock On the 15th of August, Godfrey Sullivan bought around 200k shares on-market at roughly Mex$101 per share. This transaction increased Godfrey's direct individual holding by 9x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$27m more in shares than they have sold in the last 12 months. Board Change • Aug 22
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Naj Atkinson was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 17
Marqeta Unveils First Generative AI Investments, Announcing External-Facing Bot and Internal Code Generation Tool That Optimizes Task Efficiency Up to 75% Marqeta unveiled Marqeta Docs AI, an AI-powered external-facing question and answer tool, in addition to early test results from its internal code generation tool that reduced the amount of time spent on coding and testing tasks by up to 75%. These purpose-built solutions represent the first steps in enabling generative artificial intelligence (AI) on the Marqeta platform, created to reduce time to value (TTV) for its customers. Marqeta Docs AI is a generative AI tool powered by OpenAI’s Large Language Models to allow Marqeta customers to quickly navigate through the Marqeta Docs site. With the AI tool, its customers can ask questions and find answers to individual use cases, gaining a faster understanding of its offerings and the complexities of creating payment solutions. This tool is a further proof point of how Marqeta continues to innovate on its platform to make it easier for its customers to integrate with its APIs, embed payments and financial services solutions in their products and instantly generate new revenue streams and increase their customer’s loyalty. Marqeta Docs AI is currently in beta with plans for general availability later this quarter. Marqeta’s platform offers businesses innovative embedded finance solutions including virtual and physical card issuance, processing, digital banking, Buy Now, Pay Later, Accelerated Wage Access and expense management. Prior to its external-facing tool, Marqeta launched an internal code generator and tested its capabilities within a specified team over one month, showing immediate benefits for its team in improving productivity for a number of code generation tasks. As Marqeta deepens its generative AI capabilities, it is ensuring its customers can trust the new tools and developing a comprehensive strategy for handling business data and analytics. Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.11 loss per share (vs US$0.082 loss in 2Q 2022) Second quarter 2023 results: US$0.11 loss per share (further deteriorated from US$0.082 loss in 2Q 2022). Revenue: US$231.1m (up 24% from 2Q 2022). Net loss: US$58.8m (loss widened 32% from 2Q 2022). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Global Diversified Financial industry. Board Change • Jul 11
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Naj Atkinson was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 01
Marqeta Appoints Karna Crawford as Chief Marketing Officer Marqeta has appointed Karna Crawford, a veteran marketing executive, as its chief marketing officer, the company said. Crawford will bring two decades of marketing acumen to Marqeta honed across leadership roles at J.P. Morgan Chase, Verizon and Ford, as adoption and scale of the Marqeta platform continues to grow globally. Crawford will be a crucial member of Marqeta's senior leadership team driving the company's global marketing efforts, including marketing and brand strategy, demand generation, product marketing, and communications. Announcement • Jun 29
Marqeta, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Marqeta, Inc. announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 Board Change • Jun 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Naj Atkinson was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 10
First quarter 2023 earnings released: US$0.13 loss per share (vs US$0.11 loss in 1Q 2022) First quarter 2023 results: US$0.13 loss per share (further deteriorated from US$0.11 loss in 1Q 2022). Revenue: US$217.3m (up 31% from 1Q 2022). Net loss: US$68.8m (loss widened 14% from 1Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Global Diversified Financial industry. Board Change • May 03
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Naj Atkinson was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 30
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 2 highly experienced directors. Founder & Executive Chairman Jason Gardner is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 14
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 2 highly experienced directors. Founder & Executive Chairman Jason Gardner is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 01
Full year 2022 earnings released: US$0.34 loss per share (vs US$0.45 loss in FY 2021) Full year 2022 results: US$0.34 loss per share. Revenue: US$748.2m (up 45% from FY 2021). Net loss: US$184.8m (loss widened 13% from FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Global IT industry. Board Change • Feb 13
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 2 highly experienced directors. Founder & Executive Chairman Jason Gardner is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Feb 04
Marqeta, Inc. (NasdaqGS:MQ) acquired Power Finance Inc. Marqeta, Inc. (NasdaqGS:MQ) entered into an agreement to acquire Power Finance Inc. for approximately $280 million on January 30, 2023. The purchase price, which is subject to customary adjustments, consists of $223 million in cash, approximately one-third of which is payable over a two-year period subject to certain conditions, plus $52 million in cash subject to a milestone that is expected to be achieved within the next 12 months. Power Finance Chief Executive Officer Randy Fernando will now lead the product management of Marqeta’s credit card platform. The deal is expected to close in the first quarter of 2023. John Olson and Randall Clark of Gunderson Dettmer acted as legal advisors to Power Finance in the transaction.
Marqeta, Inc. (NasdaqGS:MQ) acquired Power Finance Inc. on February 3, 2023. Announcement • Feb 01
Marqeta, Inc. (NasdaqGS:MQ) agreed to acquire Power Finance Inc. Marqeta, Inc. (NasdaqGS:MQ) entered into an agreement to acquire Power Finance Inc. on January 30, 2023. The purchase price, which is subject to customary adjustments, consists of $223 million in cash, approximately one-third of which is payable over a two-year period subject to certain conditions, plus $52 million in cash subject to a milestone that is expected to be achieved within the next 12 months. Power Finance Chief Executive Officer Randy Fernando will now lead the product management of Marqeta’s credit card platform. The deal is expected to close in the first quarter of 2023. Announcement • Jan 25
Marqeta, Inc. to Report Q4, 2022 Results on Feb 28, 2023 Marqeta, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 28, 2023 Announcement • Jan 20
Marqeta Announces New Web Push Provisioning Product, Expanding Industry-Leading Payment Card Tokenization Capabilities Marqeta announced its new web push provisioning product. With web push provisioning, Marqeta customers can reduce friction at the point-of-sale and enable their users to pay directly from their mobile wallets without requiring them to download a mobile application. This capability addresses a common pain point for consumers - the friction of having to download an app that may rarely be used in order to complete a transaction - likely improving conversion rates and creating a smoother customer experience. Marqeta is one of the first card issuers to launch instant issuance capabilities, and web push provisioning further extends Marqeta's leadership in this space. The product is currently offered in Beta with general availability expected later in 2023. Digital wallet usage has accelerated in recent years, and global digital wallet transaction values are expected to grow 60% by 2026, according to Juniper Research. Consumer adoption is also rising, with US consumers who reported using a mobile wallet in the past 12 months increasing from 64% in late 2020 to 71% in 2022, but studies show that over 75% of consumers surveyed have abandoned a transaction due to the requirement of having to download a mobile application to use services needed to check out. During Hack Week in Winter 2021, Marqeta team members identified the potential impact of enabling brands to provision tokens from a mobile web browser, allowing their users to pay directly from their mobile wallets without forcing them to transact through an app, and web push provisioning was built in partnership with digital wallet providers Apple and Google. Board Change • Dec 23
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Kiran Prasad was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 10
Marqeta, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022 Marqeta, Inc. provided earnings guidance for the fourth quarter and full year of 2022. For the quarter, the company expects Net Revenue Growth of 29% to 31%.The company now expect 2022 net revenue growth to be 44% to 45 -- 44.5%. Announcement • Oct 25
Marqeta, Inc. Announces the Release of Marqeta for Banking Marqeta, Inc. announced the release of Marqeta for Banking, a portfolio of seven banking products, continuing the expansion of Marqeta’s modern card issuing platform. Marqeta for Banking provides customers with a full set of account, ACH, instant funding and direct deposit products offered through Marqeta’s bank partners, enabling them to build complete banking propositions for their end users on Marqeta’s market leading platform. With Marqeta for Banking, businesses can utilize more than 40 new banking APIs and create customized banking services with the same level of flexibility and control provided by Marqeta’s card issuing solutions. Marqeta for Banking includes new Demand Deposit Accounts (DDA), Direct Deposit with Early Pay, ACH with Plaid Integration, Cash Loads and Fee-Free ATMs, Bill Pay and Instant Funding capabilities. Marqeta for Banking products are all currently available in the US, with Bill Pay and Instant Funding, expected in beta in early 2023. Customers, including Coinbase, Branch and Fold, are already leveraging elements of the Marqeta for Banking product set listed below, bundled with card issuing and processing services, illustrating the flexible nature of this product expansion. Demand Deposit Accounts (DDA) provides a traditional bank account experience tied to a debit card, adding to Marqeta’s existing prepaid account capabilities. DDAs are offered by an FDIC-insured institution and come with higher spend limits and no maximum balances. Direct Deposit and Early Pay allows its customer’s end users to safely receive their funds with the added option of enabling Early Pay to provide faster access to hard-earned wages, up to two days early. Marqeta’s Early Pay feature will give Marqeta’s customers a new level of control, enabling them to decide eligibility on a user-by-user basis. ACH with Plaid integration enables ACH payments between bank accounts and seamlessly and securely verifies external accounts using Marqeta’s existing integration with Plaid. Customers can also leverage real-time webhooks across the ACH lifecycle and allow them to manage risk by configuring time to funds availability. Cash Loads and Fee-Free ATMs enables its customers toprovide a physical branch-like experience to complement their digital banking offerings. Fee-free ATMs give its customer’s end users free access to their cash at over 85,000 ATMs via the Allpoint and MoneyPass networks. Cash Loads also allows end users to deposit cash into their account at a network of over 180,000 retail locations with funds available to spend immediately. Bill Pay will enable end users of Marqeta customers to pay their bills from a growing directory of billers without having to leave their banking app. Customers using Bill Pay will be able to power multiple forms of payment for their end users with the ability to earn additional revenue. Instant Funding will enable Marqeta customers’ end users to instantly fund their accounts using an external debit or prepaid card instead of having to wait for funds to arrive via alternative funding methods such as ACH, driving immediate spend at account onboarding. Announcement • Oct 14
Marqeta Names Jeff Parker as New SVP and Managing Director, International Marqeta, Inc. announced the appointment of Jeff Parker as its new SVP and Managing Director, International. Parker joins from WorldFirst, the international business payment provider, where he assumed the position of CEO shortly after its acquisition by Ant Group. In his new role, Parker will be responsible for building Marqeta’s go-to-market and operational functions internationally and advancing the company’s service offerings in its key markets across Europe and APAC. Marqeta works with businesses worldwide to empower payments innovation built using its open modern API card issuing and payment processing platform. By giving developers the tools they need to build, test, launch, and iterate single integration payment programmes, Marqeta has supported organizations such as Klarna, Western Union, Lydia, and Capital on Tap to realise their market expansion ambitions and embrace new opportunities. Parker is tasked with leading Marqeta’s continued global expansion from the company’s London office, bringing to the table over 20 years’ experience in the financial services space accumulated across four continents, holding senior roles at Macquarie Bank and international payments businesses, OFX, and then WorldFirst, a company he ultimately led as CEO. Announcement • Oct 08
Marqeta, Inc. to Report Q3, 2022 Results on Nov 09, 2022 Marqeta, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022 Announcement • Sep 16
Marqeta, Inc. (NasdaqGS:MQ) announces an Equity Buyback for $100 million worth of its shares. Marqeta, Inc. (NasdaqGS:MQ) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its Class A common stock. The execution of the repurchase program will be consistent with the company’s capital allocation strategy, which prioritizes investments to grow the business. The share repurchase program has no termination date. Announcement • Sep 15
Marqeta, Inc. Announces Executive Changes On September 14, 2022, Amy Chang resigned as a member of the Board of Directors of Marqeta, Inc. Ms. Chang served on the Nomination and Governance Committee of the Board. On September 14, 2022, the Board appointed Srikiran (Kiran) Prasad to serve as a Class III member of the Board. He was also appointed to the Compensation Committee of the Board. As a non-employee director, Mr. Prasad will be compensated for his services in accordance with the Company’s Non-Employee Director Compensation Policy. Reported Earnings • Aug 11
Second quarter 2022 earnings released: US$0.082 loss per share (vs US$0.29 loss in 2Q 2021) Second quarter 2022 results: US$0.082 loss per share (up from US$0.29 loss in 2Q 2021). Revenue: US$186.7m (up 53% from 2Q 2021). Net loss: US$44.7m (loss narrowed 35% from 2Q 2021). Over the next year, revenue is forecast to grow 30%, compared to a 9.9% growth forecast for the industry in Mexico. Announcement • Aug 11
Marqeta, Inc. Provides Revenue Guidance for the Third Quarter of 2022 Marqeta, Inc. provided revenue guidance for the third quarter of 2022. For the period, the company expects net revenue growth in the range of 36% - 38%. Board Change • Aug 09
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Godfrey Sullivan was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 15
Marqeta, Inc. Announces Simon Khalaf as Chief Product Officer Marqeta, Inc. announced the addition of Simon Khalaf as its new Chief Product Officer and key member of its executive team. Previously, Khalaf was the Senior Vice President of Twilio's core products, including Messaging, Voice, Video and Flex, Twilio's fully programmable Contact Center. Simon will be responsible for the strategic direction, development and delivery of Marqeta's products to its growing customer base. Khalaf was part of the team that accelerated Twilio's growth, with the products he oversaw driving significant revenue growth and establishing Twilio as a leader in the Communications Platform As a Service (CPAAS) space. Prior to Twilio, Khalaf led many of Yahoo, and later Verizon's, key, most popular media products. Khalaf joined Yahoo through the acquisition of Flurry Inc, a leader and innovator in mobile analytics and advertising, where he was president and CEO. Prior to Flurry, Khalaf held executive leadership positions at Novell, Volera, Worldtalk, and JustOn. Marqeta welcomed Khalaf at a time of continued growth and investment in its product development, having recently launched RiskControl, an end-to-end suite of products to combat payment fraud, and over 40 new APIs as part of an expansion of credit card issuing capabilities. Payments are becoming more digital and more embedded into consumer and business applications, and modern card issuing is enabling the simple, scalable and configurable payment services that end-users expect. Board Change • Jul 12
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Godfrey Sullivan was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 