Business
Marqeta Reports Third Quarter 2025 Financial Results
The global modern card issuer reported Total Processing Volume growth of 33% and Gross Profit growth of 27% in the third quarter of 2025. OAKLAND,
About this update from Marqeta, Inc.
[{"type":"text","content":"\nThe global modern card issuer reported Total Processing Volume growth of 33% and Gross Profit growth of 27% in the third quarter of 2025.\n\n OAKLAND, Calif.--(BUSINESS WIRE)--\nMarqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2025.\n\nThe Company reported Total Processing Volume (TPV) of $98 billion, representing a year-over-year increase of 33%. The Company reported Net Revenue of $163 million and Gross Profit of $115 million, representing increases of 28% and 27%, respectively, year-over-year. GAAP Net Loss for the quarter was $4 million and Adjusted EBITDA was $30 million.\n\n“Our robust Q3 financial results demonstrate our business momentum and our ability to deliver strong growth while rapidly improving our profitability,” said Mike Milotich, CEO and CFO of Marqeta. “Marqeta’s unique combination of modern capabilities, scale, geographic reach, expertise and flexibility continues to enable both innovation and growth for our customers.”\n\nMarqeta highlighted several recent business updates that demonstrate its current business momentum, including:\n\n\nMarqeta signed a global Fortune 500 company to enable electronic supplier payments. They selected Marqeta for its ability to enable innovation and execute at scale for their small and medium-sized business customers.\n\n\nMarqeta was selected to power an embedded finance credit program for a company that helps small and mid-sized companies drive incremental loyalty. They chose Marqeta for its ability to offer a highly configurable solution and the breadth of its platform.\n\n\nMarqeta deepened its relationship with a long-standing expense management customer in North America by enabling their expansion into Europe. With Marqeta, the customer can deliver a solution comparable to what they offer in North America with full program management capabilities. This expansion reinforces the value created through the recently closed TransactPay acquisition.\n\n\nOperating Highlights\n\n\n\nIn thousands, except percentages and per share data. % change is calculated over the comparable prior-year period (unaudited)\n\n\n\nThree Months Ended\nSeptember 30,\n\n\n\n \n\n\n\n%\n\n\nChange\n\n\n\n \n\n\n\nNine Months Ended\nSeptember 30,\n\n\n\n \n\n\n\n%\n\n\nChange\n\n\n\n\n\n2025\n\n\n\n \n\n\n...