Marqeta Posts 31% TPV Growth to $383B, Forecasts 12%–14% Revenue Rise
Marqeta reported full-year 2025 TPV of $383 billion, up 31% year-over-year, and Q4 TPV of $109 billion, up 36%, driving net revenue to $625 million and gross profit to $437 million. Q4 GAAP net loss narrowed 95% to just over $1 million, and management forecasts 12%–14% revenue growth with about $10 million net income in 2026.
1. Record 2025 TPV and Revenue Growth
Marqeta’s TPV hit $383 billion in 2025, a 31% increase driven by European expansion and strong demand for modern card issuing. Full-year net revenue rose 23% to $625 million, and gross profit increased 24% to $437 million.
2. Q4 Volume Surge and Profitability
In Q4, TPV rose 36% to $109 billion, fueling near-breakeven operations with a GAAP net loss of just over $1 million—a 95% improvement versus Q4 2024.
3. Rising Contribution from Value-Added Services
Value-added services now account for over 7% of gross profit, with 18 of the top 20 clients adopting higher-margin offerings, underscoring deeper client engagement.
4. 2026 Guidance and Strategic Partnerships
Management forecasts 12%–14% net revenue growth and roughly $10 million GAAP net income for 2026, citing new programs like Uber driver cards in the UK and a partnership with BNPL provider Four Technologies.