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Sep 30, 2022
Marqeta Q3 2022 Earnings Report
Marqeta's Q3 2022 earnings were released, showing a significant year-over-year revenue increase and platform expansion.
Key Takeaways
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.
Net revenue increased by 46% year-over-year to $192 million.
Total processing volume (TPV) grew by 54% year-over-year to $42 billion.
Gross profit increased by 36% year-over-year to $80 million, with a gross margin of 42%.
Launched Marqeta for Banking, expanding its platform with new banking capabilities.
Forward Guidance
Marqeta provided guidance for the fourth quarter of 2022, projecting net revenue growth of 29-31%, a gross profit margin of 42-43%, and an adjusted EBITDA margin of negative 5-6%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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