MQ: TPV grew 29%, while a $106.6m tax benefit lifted Q3 net income

Marqeta reported Q3 net income of $115.4M, up from a $3.6M loss last year, with revenue at $176.2M, an 8% increase. The company announced partnerships with Coinbase, Google, and Block for new payment card offerings. Processing volume rose 29% to $126.5B.

Marqeta (MQ) reported Q3 2026 TPV of $126B, up 29%. Gross profit grew 7%, adjusted EBITDA up 28% with a 32% margin. GAAP net income was $115M, including a $107M noncash tax benefit. The company expanded partnerships with Block (Square, Cash App, Afterpay) and Google, and launched new offerings like stablecoin-backed cards with Coinbase. Marqeta also enabled Satispay's debit card program in Europe.

Marqeta reported Q3 2026 earnings with gross profit growth decelerating to 7% YoY, citing renewals and acquisitions. Q4 net revenue guidance lowered to 3-5%. Cash App new issuance slowed, and Block remains a significant revenue source. CEO Michael Milotich highlighted Square's migration to Marqeta's platform. CFO Patti Kangwankij noted 2027 growth will face challenges. Marqeta sees opportunities in agentic commerce and stablecoin-backed cards.

Marqeta (MQ) reported Q3 earnings, with Block accounting for 41% of net revenue. Management noted slowed Cash App new issuance but continued support for existing users. The company expanded partnerships with Google and Satispay, and invested in stablecoin-backed cards and commercial payments. Q4 revenue outlook was reduced, but gross profit expectations remain intact. MQ maintained full-year gross profit growth outlook and raised adjusted EBITDA growth expectations.

Marqeta (MQ) reported Q3 2026 revenue of $176.18M, up 7.9% YoY, and EPS of $0.10, beating estimates. Key metrics like TPV and net revenue also exceeded expectations. Shares rose 9.3% in the past month, but MQ has a Zacks Rank #4 (Sell).

Marqeta (MQ) reported Q3 2026 TPV growth of 29% and adjusted EBITDA increase of 28%, with record margins. FY26 net revenue guidance was reduced, while gross profit and adjusted EBITDA outlooks remain robust. Cash App issuance is expected to impact revenue growth in the next year, according to the company.