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Jun 30, 2022
Marqeta Q2 2022 Earnings Report
Marqeta's net revenue jumped 53 percent year over year, highlighting customer strength and new innovation.
Key Takeaways
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.
Net revenue increased by 53% year-over-year to $187 million.
Gross profit increased by 66% year-over-year to $78 million, with a gross margin of 42%.
Total Processing Volume (TPV) increased by 53% year-over-year to $40 billion.
Marqeta announced a partnership with Western Union in Europe.
Forward Guidance
Marqeta's guidance for the third quarter of 2022 includes net revenue growth of 36-38%, a gross profit margin of 43-44%, and an adjusted EBITDA margin of negative 8-9%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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