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.
Total Processing Volume (TPV) reached $98 billion, a 33% increase year-over-year, indicating strong market adoption and customer business growth.
Net Revenue grew by 28% year-over-year to $163 million, primarily driven by increased volumes.
Gross Profit increased by 27% year-over-year to $115 million, with a consistent Gross Margin of 70%.
Adjusted EBITDA surged by 236% year-over-year to $30 million, with the Adjusted EBITDA margin expanding to 19%, demonstrating rapid profitability improvement.
Marqeta provided guidance for the fourth quarter of 2025, projecting continued growth in Net Revenue and Gross Profit, along with a healthy Adjusted EBITDA Margin.
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