Marqeta Q3 revenue rises 8% to $176 million; net income boosted by tax benefit
Marqeta reported third-quarter 2026 net revenue of $176 million, up 8% year over year, and total processing volume of $126 billion, up 29%. GAAP net income was $115 million, compared with a net loss of $4 million a year earlier, but it includes a $107 million non-cash income tax benefit, so the profit figure overstates core operating results. Guidance calls for fourth-quarter net revenue growth of 3% to 5% and full-year 2026 growth of 11% to 12%.
Key points
- Total processing volume of $126 billion, up 29% year over year; net revenue of $176 million, up 8%
- GAAP net income of $115 million, including a $107 million discrete non-cash income tax benefit; prior-year quarter was a net loss of $4 million
- Adjusted EBITDA of $39 million, up 28%, with a 22% margin
- Guidance: fourth-quarter 2026 net revenue growth of 3% to 5%; full-year 2026 net revenue growth of 11% to 12%
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.