Marqeta reports higher revenue, profit, and processing volume
Marqeta posted GAAP net revenue of USD 176 million, up 17% year over year, as total processing volume climbed 32% to USD 120 billion.
GAAP net income swung to USD 8 million, with diluted EPS of USD 0.07.
Non-GAAP adjusted EBITDA rose 31% to USD 37 million, lifting margin 2 percentage points to 21%.
Board authorized up to USD 150 million of Class A common stock repurchases, with no set expiration date.
Expensify expanded its corporate card into Europe using Marqeta’s multinational issuing; partnerships with zerohash and BVNK target stablecoin spending across card networks.
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