Card issuing platform Marqeta's Q3 revenue comfortably beats estimates on higher processing volume

Overview

• Marqeta Q3 2025 net revenue grows 28%, beating analyst expectations

• Adjusted EBITDA for Q3 2025 beats analyst estimates, indicating improved profitability

• Total Processing Volume in Q3 2025 rises 33% yr/yr to $98 bln

Outlook

• Marqeta forecasts Q4 2025 net revenue growth of 22-24%

• Company expects Q4 2025 gross profit growth of 17-19%

• Marqeta anticipates Q4 2025 adjusted EBITDA margin of 15-16%

Result Drivers

• TPV GROWTH - Marqeta's Total Processing Volume increased by 33% year-over-year, driving revenue growth

• NEW CLIENTS - Marqeta signed a global Fortune 500 company for electronic supplier payments, enhancing growth

• EXPANSION - Marqeta expanded a North American customer's operations into Europe, leveraging TransactPay acquisition

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the financial technology (fintech) peer group is "buy."

• Wall Street's median 12-month price target for Marqeta Inc is $5.96, about 25.1% above its November 4 closing price of $4.46

Press Release: ID:nBw4bJ4Zda

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)