The Q2 beat is negated by the sharp Q3 guidance slowdown. Monitor the earnings call for the driver of deceleration (mix shift, customer concentration, macro) and whether margin expansion can offset. The $150M buyback signals confidence but does not reverse the growth deceleration narrative.
Price Chart
Executive Summary
Marqeta Q2 2026 revenue of $176M (+17% YoY) and GAAP EPS of $0.07 strongly beat consensus, but Q3 guidance for net revenue growth of only 6-8% represents a sharp deceleration from Q2's 17% pace. The $150M share repurchase authorization provides some downside protection, but the forward outlook will dominate sentiment.
Key Financial Metrics
Key Facts
- Q2 2026 net revenue $175.995M, up 17% YoY; GAAP net income $7.567M vs loss of $0.647M a year ago
- GAAP diluted EPS $0.07 beat consensus estimate of $0.01 by 600%
- Q3 2026 guidance: net revenue growth 6-8%, gross profit growth 5-7%, Adjusted EBITDA growth 20-25%
- Full year 2026 guidance: net revenue growth 12-13% (prior 12-14%), gross profit growth 11-12% (prior 10-12%), Adjusted EBITDA growth low 30s (prior mid-to-high 20s)
- Board authorized $150M share repurchase program; prior $150M program fully completed
- Director Najuma Atkinson resigned effective Aug 3, 2026, no disagreement with company
- TPV grew 32% YoY to $120B; cash and investments $700.9M
Financial Impact
Q2 EPS of $0.07 vs $0.01 estimate (600% beat); Q3 revenue growth guidance decelerates to 6-8% from 17% actual
Risk Factors
- Further deceleration in TPV and net revenue growth if low-mix programs continue to outpace
- Customer concentration and reliance on large embedded finance partners
- Macro pressure on consumer spending affecting card volumes
- Integration risk from new partnerships (stablecoin, RTD)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001522540-26-000061 |
| Document: mq-20260731.htm | 0001522540-26-000061 |
| Document: 0001522540-26-000061-index-headers.html | 0001522540-26-000061 |
| Document: 0001522540-26-000061-index.html | 0001522540-26-000061 |
| Document: 0001522540-26-000061.txt | 0001522540-26-000061 |
| 8-K Data (Synthetic) | 0001522540-26-000061 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | SC 13G/A | $17.44 | awaiting T+60 | — | $18.33 (+5.10%) |
Aug 25, 2026 8w ago | 8-K | $16.31 | awaiting T+60 | — | $18.33 (+12.39%) |
Aug 13, 2026 10w ago | 8-K | $16.34 | awaiting T+60 | — | $18.33 (+12.21%) |
Aug 4, 2026 11w ago | 8-K | $16.66 | awaiting T+60 | — | $18.33 (+10.02%) |
Jun 16, 2026 18w ago | Insider Cluster | $3.87 $4.15 | ▲ +7.11% | ▲ +4.42% | $18.33 (+373.64%) |
Jun 11, 2026 19w ago | 8-K | $3.83 $3.98 | ▲ +3.85% | ▲ +1.07% | $18.33 (+378.59%) |
May 18, 2026 23w ago | Insider Cluster | $15.84 $16.47 | ▲ +3.98% | ▼ −2.31% | $18.33 (+15.72%) |
May 8, 2026 24w ago | 8-K | $16.68 $17.94 | ▲ +7.55% | ▲ +2.71% | $18.33 (+9.89%) |
May 5, 2026 24w ago | 8-K | $16.54 $17.36 | ▲ +4.96% | ▲ +2.90% | $18.33 (+10.82%) |
Apr 21, 2026 26w ago | DEFA14A | $17.88 $17.49 | ▼ −2.18% | ▼ −6.96% | $18.33 (+2.52%) |
US Market Status
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