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MQMarqeta, Inc.
$18.59$1.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MQ logo

Marqeta, Inc.

MQ
NASDAQ · Payment Processors & Networks
$18.59
At close - Nov 6, 4:00 PM EST - USD
Market Cap$1.82B
P/E15.2x
52W High$20.56
Volume647.61K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Marqeta Turns Profitable But Cash Quality Remains Unproven

Marqeta's revenue has re-accelerated to $176.2 million in 2026Q3 with 7.9% year-over-year growth, and operating income has swung from a $42.2 million loss in 2024Q3 to a $6.3 million profit, suggesting meaningful operating leverage is emerging.

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

MQ price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-48% Peers

P/E is 48% below peer median

03

Market leadership

RS 82 · Leader

High momentum (Outperforming 82% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Feb 3

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MQ+0.16%
S&P 500 (^GSPC)+7.63%
1-Year Return
MQ-4.76%
S&P 500 (^GSPC)+9.69%
3-Year Return
MQ-10.28%
S&P 500 (^GSPC)+69.87%
5-Year Return
MQ-83.46%
S&P 500 (^GSPC)+57.61%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
15.2x
Forward P/E
18.6x
EV/EBITDA
21.1x
FCF YieldCash Flow
6.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
15.2x
72.1x
0th· Low
EV/EBITDA
21.1x
N/A
N/A
Price/FCF
16.6x
171.4x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$17.39-6.5%
Base (Fair)$19.90+7.0%
Bull$21.70+16.7%
$17.39 Bear$19.90 Base$21.70 Bull
Current Market Price: $18.59
Trades at a 6.6% discount to Base DCF ($19.90)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$625M+23.3% YoY
Net income FY25
-$14M-151.0% YoY
Free cash flow FY25
$161M+188.4% YoY
Operating margin FY25
-7.4%-2.6 pts YoY
ROIC (FY25)-
Avg ROIC 5Y-46.7%
ROE (TTM)16.9%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 3, 2026
$1.09+1778.0%
vs $0.06
$176M+0.4%
vs $175M
Q3 2026
Aug 4, 2026
$0.07+858.9%
vs $0.01
$176M+1.8%
vs $173M
Q2 2026
May 5, 2026
$0.08+688.2%
vs -$0.01
$166M+0.9%
vs $164M
Q1 2026
Feb 24, 2026
-$0.01+68.0%
vs -$0.04
$172M+2.7%
vs $168M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·3d ago
Marqeta to Participate in Upcoming Investor Conferences

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the modern card issuing platform, today announced that it will participate in the following investor events:Chief Financial Officer Patti Kangwankij will participate in a fireside chat at Citi's 15th Annual FinTech Conference in New York City on November 9, 2026, at 2:15pm - 2:50pm ET.Chief Executive Officer Mike Milotich will participate in a fireside chat at UBS's 30th Annual Global Technology and AI Conference in Scottsdale, Arizon.

Seeking Alpha·4d ago
Marqeta, Inc. (MQ) Q3 2026 Earnings Call Transcript

Marqeta, Inc. (MQ) Q3 2026 Earnings Call Transcript

Zacks Investment Research·4d ago
Compared to Estimates, Marqeta (MQ) Q3 Earnings: A Look at Key Metrics

Although the revenue and EPS for Marqeta (MQ) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

MarketBeat·4d ago
What Marqeta (MQ) Said on Its Q3 Earnings Call

Marqeta NASDAQ: MQ reported third-quarter 2026 total processing volume of $126 billion, up 29% from a year earlier, marking the company's first quarter with annualized TPV above $500 billion. Net revenue increased 8% to $176 million, while gross profit rose 7% to $122 million, both at the high end of management's expectations.

Filtered for Marqeta, Inc.More Headlines
04

Compare before deciding

Benchmark MQ against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Marqeta, Inc. (MQ)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MQ logoMQMarqeta, Inc.Current
$18.59$1.82B15.1923.25%18.76%16.94%—
PAYO logoPAYOPayoneer Global Inc.
$7.15$2.42B49.017.68%4.7%7.61%—
FLYW logoFLYWFlywire Corp
$21.57$2.62B35.4426.59%10.34%9.25%—
RELY logoRELYRemitly Global, Inc.
$22.32$4.7B13.7229.37%19.14%35.23%—
PRTH logoPRTHPriority Technology Holdings, Inc.
$7.88$648.96M16.288.33%3.97%——
RPAY logoRPAYRepay Holdings Corporation
$4.40$387.58M-2.19-1.21%-49.57%-32.69%—

Compare MQ vs Peers

Marqeta, Inc. (MQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PAYO

Most directly comparable listed peer for MQ.

Scale Benchmark

vs V

Larger-name benchmark to compare MQ against a more recognizable public peer.

Peer Set

Compare Top 5

vs PAYO, FLYW, RELY, PRTH

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MQ SEC Filings & Documents

Marqeta, Inc. (MQ) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Nov 3, 2026·SEC

Material company update

Aug 4, 2026·SEC

Material company update

Jul 1, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Nov 3, 2026·SEC

FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

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MQ Frequently Asked Questions

Marqeta, Inc. (MQ) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Marqeta, Inc.'s revenue?

Marqeta, Inc. (MQ) reported $690.1M in revenue over the trailing twelve months. Revenue was $624.9M in fiscal year 2025. That is 336% more than the $143.3M of fiscal year 2019.

How fast is Marqeta, Inc. growing?

Marqeta, Inc. (MQ) grew revenue by 17.2% over the trailing twelve months, compared with the twelve months before.

Is MQ profitable?

Yes. Marqeta, Inc. (MQ) earned $129.4M in net income over the trailing twelve months (a 18.8% net margin).

Dividend & Returns
What is MQ's return on equity?

Marqeta, Inc. (MQ) had a return on equity (ROE) of 16.9% over the trailing twelve months. That is above the market's typical 10-15%.

What is Marqeta, Inc.'s free cash flow?

Marqeta, Inc. (MQ) generated $109.7M in free cash flow over the trailing twelve months.

What if you invested $1,000 in MQ back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →