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Marqeta Inc   (MQ)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $5.9400 $-0.02 -0.336%
Day's High: $6.03 Week Perf: -1.98 %
Day's Low: $ 5.90 30 Day Perf: -2.14 %
Volume (M): 5,495 52 Wk High: $ 7.36
Volume (M$): $ 32,638 52 Wk Avg: $5.51
Open: $5.91 52 Wk Low: $3.46



 Market Capitalization (Millions $) 3,153
 Shares Outstanding (Millions) 531
 Employees 789
 Revenues (TTM) (Millions $) 676
 Net Income (TTM) (Millions $) -223
 Cash Flow (TTM) (Millions $) -202
 Capital Exp. (TTM) (Millions $) 13

Marqeta Inc
Marqeta created modern card issuing, and we believe modern card issuing is at the heart of today's digital economy.
When you order food using DoorDash or groceries using Instacart, modern card issuing works in the background as money moves from the app to the delivery driver or shopper's payment card, allowing the driver or shopper to pay for exactly what you ordered, and nothing else.
When you buy a big screen TV and pay for it in installments using Affirm or Klarna, modern card issuing helps move money to the payment card that Affirm or Klarna uses to seamlessly pay the merchant.
When you receive money from your friend through Block's Cash App, modern card issuing helps move the funds to your debit card, making it instantly available to you to make purchases.
Marqeta's modern card issuing platform empowers our Customers - which include businesses like Affirm, Block (formerly known as Square), DoorDash, Instacart, and Klarna - to create customized payment cards that provide innovative payment experiences for their customers, shoppers, and end users. Before the rise of modern card issuing, creating cards was slow, complex, and subject to mistakes. Marqeta helps solve these problems. Our Platform, powered by open APIs, enables businesses to develop modern, frictionless payment card experiences for consumer and commercial use cases that are either the core of, or in support of, their core business.
Marqeta is the first company to offer a Platform for modern card issuing and transaction processing and we believe also the first to market with multiple issuing and processing innovations, including the first open APIs, JIT Funding, and Tokenization as a Service. Marqeta's modern card issuing Platform supports prepaid, debit, and credit products. Modern card issuing is secure card issuing and processing delivered via an open API platform that enables card issuers to create customized payment card products that leverage a just-in-time funding feature, authorizing their end users' transactions in real-time. Integrated with major global and local Card Networks, modern card issuing enables card issuers to build payment solutions to their specifications and launch them globally.
We believe we are deeply integrated with our Customers in three ways: our technology underpins their core business or supports a core business process, our solutions drive their key processes, and our people become their trusted partner. In addition, our usage-based business model provides a win/win for both our Customers and us: as their businesses thrive, our net revenue grows.


   Company Address: 180 Grand Avenue Oakland 94612 CA
   Company Phone Number: 962-7738   Stock Exchange / Ticker: NASDAQ MQ
   


Customers Net Income fell by MQ's Customers Net Profit Margin fell to

-34.75 %

13.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CTLP   -2.22%    
FI   -0.07%    
WEX        0.75% 
• View Complete Report
   



Business Update

Marqeta Achieves Record-Breaking $1 Billion Daily Processing Volume, Paving the Way for a New Era of Growth

Published Thu, Feb 29 2024 1:00 PM UTC

Marqeta, the global modern card issuing platform that empowers financial solutions for innovative businesses worldwide, has achieved a significant milestone by processing over $1 billion in volume in a single day, signaling a remarkable era of growth for the company. This announcement follows Marqeta's recent Q4 and Full Year 2023 earnings report, where it revealed surpassin...

Marqeta Inc

Marqeta Inc. Reveals Financial Performance for Q4 2023: Revenue Declines but Total Processing Volume Grows

Marqeta Inc, the global modern card issuing platform, recently released its financial results for the fourth quarter and full year ended December 31, 2023. While the company showed growth in its total processing volume (TPV), there were some concerning indicators in its financial performance.
In terms of losses per share, Marqeta Inc reported a widened loss of $-0.08 per share compared to $-0.05 per share a year ago. However, it is worth noting that the company did show improvement from the previous quarter, with earnings per share (EPS) improving from $-0.10 per share.

Product Service News

Marqeta Strengthens Embedded Finance Solutions with AffiniPay & Credi2 Partnerships

Published Wed, Feb 28 2024 1:00 PM UTC

Marqeta Strengthens Embedded Finance Solutions with New SMB Credit Card PartnershipsMarqeta, the leading global modern card issuing platform, has recently announced two significant partnerships that will enhance its portfolio of embedded finance solutions. The first partnership is with AffiniPay, a prominent provider of online payment and software solutions for professionals...

Product Service News

Marqeta Collaborates with Internet Travel Solutions to Launch Revolutionary T&E Commercial Credit Card for Mid-Sized Businesses

Published Tue, Feb 13 2024 12:00 PM UTC

Marqeta's New Credit Customer Boosts Momentum for Innovative T&E Commercial Credit Card Amidst a rebounding US business travel market, Marqeta, the global modern card issuing platform, announced its new customer, Internet Travel Solutions (ITS). ITS, a leading provider of travel management software, is set to leverage Marqeta's comprehensive credit card platform to launch a ...

Product Service News

Marqeta and Credi2 Unlocking New Frontiers in Digital Payments - A Collaborative Instalments Adventure

Published Wed, Nov 22 2023 9:00 AM UTC



Marqeta, a leading global card issuing platform, has joined forces with Credi2 to launch an end-to-end instalments platform tailored for banks. This new collaboration aims to support financial institutions in meeting the increasing consumer demand for seamless and flexible digital payment experiences. The partnership comes at a time when Buy Now, Pay Later solution...






 

Marqeta Inc's Segments
 
 
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  Revenue Outlook
Marqeta Inc does not provide revenue guidance.

Earnings Outlook
Marqeta Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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