Slide 1: Marqeta Earnings Supplement
Marqeta Earnings Supplement August 4, 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements expressed or implied in this presentation include, but are not limited to, statements r
Slide 3: Q2 Financial Performance Highlights
Q2 Financial Performance Highlights TPV Growth Gross Profit Growth Adjusted EBITDA Growth +32% +17% +31% $120B $122M $37M Fourth quarter in a row with Exceeded the top end of 21% Margin (on Net Revenue) growth over 30% guidance range Marqeta Earnings Supplement 3
Slide 4: Key Messages
Key Messages Strong Q2 results demonstrate profitable growth at scale, powered by a broadening platform and customer expansion Strong, Profitable Q2 TPV Growth at Scale - Broadening the Product Suite Increasingly Diversifying ■ New strategic partnerships with ■ Gross Profit growth of 17% ■ TPV of $1
Slide 5: Q2'26 Key Financial Results
Q2'26 Key Financial Results Key Takeaways $s in millions, unless otherwise noted Results % YoY ■ Total Processing Volume growth of 32% Net Revenue $176 17% primarily driven by strong growth in Expense Management (over +50%) and Lending Gross Profit $122 17% including BNPL (over +40%) Total Operating
Slide 6: TPV growth of 32% shows continued growth at scale
Q2 TPV TPV growth of 32% shows continued growth at scale TPV Growth 36% 33% 33% 32% Key Takeaways 29% ■ Fourth consecutive quarter of growth above 30% ■ Growth led by Expense Management, up over 50%, and Lending/BNPL, up over 40% ■ Non-Block TPV grew more than twice as fast as Block, reflecting ongo
Slide 7: Gross Profit grew 17% year-over-year driven by TPV growth
Q2 Gross Profit Gross Profit grew 17% year-over-year driven by TPV growth Gross Profit Growth 31% Key Takeaways 27% 22% ■ Q2'26 Gross Profit growth above the high end of our 19% 17% guidance range ■ Gross Profit Take Rate declined 1 bp year-over- year, reflecting growth of our larger customers, the
Slide 8: Adjusted Operating Expense increased 12% year-over-year with continued focus on efficiency
Q2 Adjusted Operating Expenses Adjusted Operating Expense increased 12% year-over-year with continued focus on efficiency Adjusted Operating Expense Growth 12% Key Takeaways 7% ■ Adjusted Operating Expense 4% growth was below our 4% expectations, reflecting disciplined management of third-party spen
Slide 9: Adjusted EBITDA achieved another all-time high in dollars and margin
Q2 Adjusted EBITDA Adjusted EBITDA achieved another all-time high in dollars and margin Adjusted EBITDA $37M $33M $30M $31M $29M Key Takeaways ■ Adjusted EBITDA growth of 31% substantially exceeded our expectations ■ All-time high in both Adjusted EBITDA dollars and margin, reflecting the operating
Slide 10: Q3 and 2026 Guidance
Q3 and 2026 Guidance: Increased 2026 Adjusted EBITDA Growth Expectations; Narrowed 2026 Gross Profit Growth Guide Third Quarter 2026 Full Year 2026 Net Revenue Growth 6 - 8% 12 - 13% Gross Profit Growth 5 - 7% 11 - 12% Adj. EBITDA Growth 20 - 25% Low 30s Marqeta Earnings Supplement 10
Slide 11: Information Regarding Non-GAAP Measures
Information Regarding Non-GAAP Measures In addition to the financial measures prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), this earnings supplement contains certain non-GAAP financial measures. Marqeta considers Adjusted EBITDA, Adjusted EBITDA
Slide 12: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (dollars in thousands) June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 Net Revenue $ 150,392 $ 163,306 $ 172,113 $ 165,798 $ 175,995 Gross Profit $ 104,062 $ 114,557 $ 119,975 $ 117,592 $ 121,873 Net (Loss) Income $ (647) $