Marqeta, Inc. operates a cloud-based open API platform for card issuing and transaction processing services in the United States. The company's platform also provides processor services, bank and network management, program management, and value added services; card issuing, such as debit, prepaid, credit, virtual, and physical cards; UI/UX; access to a suite of bank account and money movement features, including savings accounts, demand deposit accounts, direct deposit with early pay, ACH, cash loads, and fee-free ATMs, bill pay, and instant funding capabilities; Marqeta Dashboard, a self-service portal to access and manage all aspects of card program; TransactPay; Marqeta Hub for consumers, buy now, pay later (BNPL) providers, and card issuers; and credit capabilities, as well as Portfolio Migration which simplifies upgrading existing card programs into its platform. It offers its solutions in various verticals, including financial services, on-demand services, lending, expense management, and e-commerce enablement, as well as BNPL providers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.
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Marqeta Q2 earnings call: five key analyst questions
Marqeta reported second quarter results with revenue of $176 million, beating analyst estimates of $173.3 million, and EPS of $0.07 versus estimates of $0.01. CEO Mike Milotich attributed the quarter's success to 32% growth in total payment volume and the rising scale of non-Block enterprise clients. During the earnings call, analysts asked about the impact of declining Cash App new issuance, the composition of the 90% increase in average deal size, stablecoin card development, balancing profitability with reinvestment, and competitive positioning in credit. CFO Patti Kangwankij noted that most major contract renewals are now behind, reducing risk. Marqeta's revenue guidance for Q3 CY2026 is $174.7 million at the midpoint, below analyst estimates of $179.5 million.
Marqeta Expands Collaboration with Google to Launch New Offering in Wallet for Kids
Marqeta announced an expansion of its collaboration with Google to provide a digital-first way for kids and teens under 18 to receive and spend allowances in Google Wallet. The offering leverages Marqeta's tokenization and spend control functionality, enabling parents in the U.S. to set daily spending limits, monitor transaction history, and lock or unlock the balance while supervised kids and teens use their Android and Wear OS devices to tap to pay in stores without needing a traditional bank account. This builds on a longstanding partnership that began with tokenization and virtual card capabilities supporting instant issuance for cards in Google Wallet across Marqeta customer programs. Google's VP and General Manager of Payments, Stavan Parikh, said Marqeta has been a trusted partner for many years, and Marqeta's Chief Revenue Officer, Todd Pollak, said the program reflects what Marqeta's platform is built for: helping innovative companies launch differentiated payment experiences at scale.
Riskified and Marqeta Partner to Help Card Issuers Reduce False Declines
Riskified and Marqeta have announced a partnership that integrates Riskified's pre-authorization risk intelligence into Marqeta's modern card issuing platform, aiming to help issuers approve more legitimate ecommerce transactions and reduce false declines. The integration gives card issuers on Marqeta's platform additional context on orders before authorization, leveraging insights from Riskified's global network of merchant transaction data. According to 2023 research by PYMNTS Intelligence and Nuvei, false declines put an estimated $157 billion in U.S. ecommerce sales at risk, with $81 billion ultimately lost. Riskified has already demonstrated measurable impact with other issuer partners, including a top-tier U.S. card issuer that increased authorization rates by up to 5.9% and cut false declines by 25% with certain Riskified merchants. The partnership strengthens Marqeta's Real-Time Decisioning offering by layering richer merchant data into its AI-powered predictive risk score.
Expensify Expands Collaboration with Marqeta to Bring its Card Offering into Europe
Expensify has expanded its collaboration with Marqeta to bring its corporate card offering to the UK and EU. Building on their long-term relationship in the US, Expensify leveraged Marqeta's card issuing platform to deliver physical, virtual, and tokenized cards with real-time spend controls and data-rich insights to European businesses. The move addresses significant demand for modern expense solutions in the region and enables Expensify customers to access the same spend management capabilities that drove rapid growth in the US. Marqeta's multinational card issuing capabilities allow customers to scale their card programs with a single integration.
MongoDB, Flywire, and Marqeta Shares Fall as Tech Sentiment Weakens
Shares of MongoDB, Flywire, and Marqeta declined in afternoon trading as deteriorating macro conditions and an unwinding of retail leverage pressured tech stocks. A reinstated U.S. naval blockade on Iran pushed Brent crude past $85 a barrel, raising expectations that the Federal Reserve will hold rates in the 3.50%–3.75% range, which could drive stricter scrutiny of AI investments. Data storage company MongoDB fell 3%, payments software company Flywire fell 3%, and payments software company Marqeta fell 2.3%. Flywire shares have been volatile, with 15 moves greater than 5% over the past year, and the stock is up 30.1% year-to-date, trading near its 52-week high of $18.78 from July 2026.
Construction Partners Touted as Growth Stock to Buy While Marqeta and Redwire Flagged as Sells
StockStory identifies Construction Partners as a growth stock set to flourish, while recommending investors sell Marqeta and Redwire. Construction Partners, a civil infrastructure company, posted 48.8% one-year revenue growth and a 39.9% annual revenue growth rate over the last two years, with earnings per share rising 46.7% annually and free cash flow margin expanding by 7.4 percentage points over five years. In contrast, Marqeta’s 6.3% annual growth lagged typical software companies, its operating margin fell 5.3 percentage points, and it faces a highly competitive environment. Redwire, a space infrastructure provider, saw its free cash flow margin shrink by 14 percentage points over five years and carries historically negative earnings per share along with an unfavorable liquidity position.
BILL, Marqeta, and Upland Software Shares Surge After Soft PPI Data
Shares of BILL, Marqeta, and Upland Software surged in afternoon trading after a softer-than-expected Producer Price Index report eased inflation fears and lifted growth stocks. June wholesale inflation fell 0.3% versus expectations for a flat reading, following a sharp 0.4% decline in consumer prices the prior session, which reduced Treasury yields and provided a valuation boost to companies reliant on future cash flows. BILL jumped 7.4%, Marqeta gained 6.4%, and Upland Software rose 9.5%, with Upland Software reaching a new 52-week high of $5.57 per share and extending its year-to-date gain to 271%. The rally countered concerns sparked a day earlier by IBM's warning that clients are reprioritizing capital expenditures toward AI servers and high-bandwidth memory, squeezing software budgets.
Payment Card Issuance Software Market Forecast to Reach $5.04 Billion by 2035
The global payment card issuance software market is projected to grow from an estimated $2.06 billion in 2025 to $5.04 billion by 2035, at a compound annual growth rate of 9.3 percent, according to a new report from ResearchAndMarkets.com. The comprehensive study covers 16 geographies and segments the market by component, technology adoption, deployment mode, enterprise size, and end-user. Major companies profiled include Fidelity National Information Services, Fiserv, Marqeta, Stripe, and Entrust Corporation. The report also examines competitive dynamics, mergers and acquisitions, and strategic opportunities across regions such as Asia-Pacific, North America, and Western Europe.
StockStory highlights IonQ as a stock under $50 with competitive advantages, questions Marqeta and Dine Brands
StockStory identified IonQ as a stock under $50 with massive upside potential, while questioning Marqeta and Dine Brands. IonQ, trading at $49.00, achieved 172% annual revenue growth over two years and projects 53.2% growth for the next 12 months, with adjusted operating profits increasing over five years. Marqeta, at $16.75, saw only 6.3% annual revenue growth and a 5.3 percentage point operating margin decline. Dine Brands, at $35.70, faced disappointing same-store sales and a 4 percentage point operating margin drop, with a 7× net-debt-to-EBITDA ratio raising capital concerns.
Marqeta Announces 1-for-4 Reverse Stock Split Effective June 30
Marqeta will effect a 1-for-4 reverse stock split of its outstanding Class A Common Stock, Class B Common Stock, and Preferred Stock, becoming legally effective at 4:00 p.m. Eastern Time on June 30, 2026. The company's Class A Common Stock is expected to begin trading on a split-adjusted basis on Nasdaq under the ticker MQ with a new CUSIP number 57142B203 starting July 1, 2026. Every four shares will be automatically combined into one share, resulting in approximately 97 million Class A and 8 million Class B shares outstanding based on shares as of the June 10 annual meeting. No fractional shares will be issued; stockholders will receive cash in lieu of any fractions. Stockholders holding shares in book-entry form or through a broker will have their positions automatically adjusted and need take no action.
Finance and HR software stocks beat Q1 revenue estimates but shares fall 7.5% on average
Finance and HR software stocks reported a satisfactory first quarter, with revenues beating analysts' consensus estimates by 1.9% and next-quarter revenue guidance coming in 0.6% above expectations. Among the 12 companies tracked, Marqeta posted revenues of $165.8 million, up 19.2% year on year and exceeding estimates by 0.9%, while Flywire delivered the strongest performance with revenues of $184 million, up 42.9% and beating estimates by 7.2%. American Express Global Business Travel reported revenues of $840 million, up 35.3% and topping estimates by 3.3%, but missed EBITDA estimates significantly. Despite the revenue beats, share prices across the group have fallen 7.5% on average since the earnings releases, with Marqeta down 12.7%, BILL down 12.2%, and Paylocity down 7.4%, while Flywire bucked the trend with a 10.1% gain.
Marqeta Plans a 1-for-4 Reverse Stock Split to Boost Its Share Price
Marqeta is planning a 1-for-4 reverse stock split, a move that will reduce the number of outstanding shares and proportionally increase the stock price. The company recently traded around $4 per share, and the split would lift the price to roughly $16, moving it out of penny-stock territory. Marqeta has struggled in recent years but recently turned a profit. Investors are advised to base decisions on growth prospects rather than the split itself, as the stock remains high-risk.
Napco Security Technologies Highlighted as Cash-Heavy Stock to Buy, While Marqeta and ePlus Face Headwinds
StockStory identifies Napco Security Technologies as a cash-heavy stock worth buying, while flagging Marqeta and ePlus as companies that may struggle. Napco holds a net cash position of $119.7 million, representing 9.2% of its market cap, and has posted 14.2% annual revenue growth over the last five years. In contrast, Marqeta has a net cash position of $707.3 million, or 44.1% of its market cap, but its revenue grew only 6.3% annually over the past two years and its operating margin declined by 5.3 percentage points. ePlus has a net cash position of $285.7 million, or 13.2% of its market cap, yet its annual revenue growth of 4.8% over two years and shrinking free cash flow margin raise concerns.