Marqeta Full Year 2024 Earnings: EPS Beats Expectations

Marqeta (NASDAQ:MQ) Full Year 2024 Results

Key Financial Results

• Revenue: US$507.0m (down 25% from FY 2023).
• Net income: US$27.3m (up from US$223.0m loss in FY 2023).
• Profit margin: 5.4% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
• EPS: US$0.053 (up from US$0.42 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Marqeta EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 66%.

In the last 12 months, the only revenue segment was Services to Financial Companies contributing US$507.0m. The largest operating expense was General & Administrative costs, amounting to US$279.0m (74% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$51.8m. Explore how MQ's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 8.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Marqeta that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.