Marqeta delivered robust financial results in Q3 2025, showcasing strong business momentum with a 33% year-over-year increase in Total Processing Volume to $98 billion and a 27% rise in Gross Profit to $115 million. The company also significantly improved its profitability, reporting a GAAP Net Loss of $4 million and an Adjusted EBITDA of $30 million, marking a 236% year-over-year increase in Adjusted EBITDA.
Marqeta reported strong results for the first quarter of 2025, with significant growth in Total Processing Volume, Gross Profit, and Adjusted EBITDA, demonstrating improved profitability alongside business expansion.
Marqeta reported a strong fourth quarter for 2024, with Total Processing Volume (TPV) increasing by 29% year-over-year to $80 billion and Gross Profit growing by 18% to $98 million. Net Revenue for the quarter was $136 million, a 14% increase year-over-year. The company also reported a GAAP Net Loss of $27 million and Adjusted EBITDA of $13 million for the quarter.
Marqeta's Q3 2024 results showed strong growth with a 30% increase in Total Processing Volume (TPV) reaching $74 billion, and an 18% increase in Net Revenue to $128 million. Gross Profit also increased by 24% to $90 million. The company reported a GAAP Net Loss of $29 million, while Adjusted EBITDA stood at $9 million.
Marqeta reported a 32% year-over-year increase in Total Processing Volume (TPV) reaching $71 billion. Net Revenue decreased by 46% to $125 million, impacted by a change in revenue presentation due to a new Cash App contract. GAAP Net Income was $119 million, including a $158 million one-time benefit. Adjusted EBITDA was negative $2 million.
Marqeta's first quarter of 2024 showed a solid trajectory with a 33% year-over-year increase in Total Processing Volume (TPV) to $67 billion. Net Revenue was $118 million, a decrease of 46% year-over-year, impacted by a change in revenue presentation due to the new Cash App contract. Gross Profit decreased by 6% year-over-year to $84 million. GAAP Net Loss was $36 million, while Adjusted EBITDA was positive at $9 million, representing an Adjusted EBITDA margin of 8%.
Marqeta reported a 33% year-over-year increase in total processing volume (TPV) to $62 billion for Q4 2023. Net revenue for the quarter was $119 million, a 42% decrease year-over-year, primarily due to the Cash App contract renewal. The company reported a GAAP net loss of $40 million and Adjusted EBITDA income of $3 million for the quarter.
Marqeta reported Q3 2023 financial results, with a total processing volume (TPV) of $57 billion, a 33% year-over-year increase. Net revenue was $109 million, a 43% decrease year-over-year, impacted by a change in revenue presentation due to the new Cash App contract. The company's gross profit was $73 million, with a gross margin of 67%. GAAP operating expenses were $142 million, and the net loss was $55 million.
Marqeta reported a 24% increase in net revenue, reaching $231 million, driven by a 33% increase in total processing volume (TPV). The company also extended its contract with Cash App for four years and expanded into Brazil through a partnership with Fitbank.
Marqeta reported a 31% increase in net revenue, reaching $217 million, driven by a 37% increase in total processing volume (TPV) to $50 billion. The company is implementing operational efficiencies to reduce expenses and has authorized a $200 million share repurchase program.
Marqeta reported a 31% increase in net revenue to $204 million and a 41% increase in TPV to $47 billion in Q4 2022. The company's gross profit increased by 15% year-over-year to $87 million, while GAAP net loss decreased by 28% to $26 million.
Marqeta reported a 46% year-over-year increase in net revenue, reaching $192 million in Q3 2022. The company's total processing volume grew by 54%, and it launched new banking capabilities and a European data residency program.
Marqeta's second quarter results showed a 53% increase in net revenue, reaching $187 million, and a 53% growth in total processing volume. Gross profit increased by 66% to $78 million, while GAAP net loss was $45 million.
Marqeta's first quarter 2022 results showed strong growth, with net revenue up 54% year-over-year to $166 million and a 53% increase in total processing volume. Gross profit also increased by 50% year-over-year.
Marqeta's Q4 2021 net revenue reached $155 million, a 76% year-over-year increase, with a total processing volume of $33 billion, also up by 76%. The company's annual revenue was $517 million, up 78% from 2020, and annual total processing volume increased by 85% to $111 billion.
Marqeta's Q3 2021 earnings report revealed a 56% year-over-year increase in net revenue, reaching $132 million. The company experienced a 60% growth in total processing volume and a 67% increase in gross profit.
Marqeta's Q2 2021 earnings report revealed a 76% increase in net revenue to $122 million and a 76% increase in total processing volume (TPV) to $26.5 billion, alongside a 70% increase in gross profit. However, the company reported a GAAP net loss of $68.6 million and an Adjusted EBITDA of $(10.6) million.