Marqeta, Inc. (MQ) Stock Price & Analysis
Marqeta, Inc. (MQ) closed at USD 18.15 on Wednesday, October 28, 2026, up 0.61% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 18.04; the Oct 28, 2026 session ranged USD 17.77–18.25 on volume of 733,171 shares. Market capitalization is $1.89B, with a 52-week range of USD 14.8–22.28 (NMS). Source: Nexqual, retrieved October 29, 2026 at 06:55 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MQ.md
Key facts (MQ)
- Last four reported quarters (through Jun 30, 2026): revenue $677M, net income $10.4M (1.5% margin), free cash flow $198M (SEC filings).
- Valuation: P/E 182.0x (avg 72.1x at the last 1 fiscal year-ends).
- Analysts: Hold (mean 2.71 on a 1–5 scale) (14 analysts), mean target USD 20.65 (range 18–28).
- Total return with dividends: 1Y +0.2% vs S&P 500 +13.6%; 5Y -85.2% vs S&P 500 +79.8%.
- Next earnings: 2026-11-03, EPS estimate USD 0.05, revenue estimate $175M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MQ)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $517M | $748M | $676M | $507M | $625M | $677M |
| Gross profit | $232M | $320M | $330M | $352M | $437M | — |
| Operating income | -$162M | -$210M | -$283M | -$24.5M | -$46.4M | -$12.9M |
| Net income | -$164M | -$185M | -$223M | $27.3M | -$13.9M | $10.4M |
| Free cash flow | $54.2M | -$15.3M | $20.3M | $55.8M | $161M | $198M |
| Gross margin | 44.8% | 42.8% | 48.7% | 69.4% | 70.0% | — |
| Operating margin | -31.3% | -28.0% | -41.9% | -4.8% | -7.4% | -1.9% |
| Net margin | -31.7% | -24.7% | -33.0% | 5.4% | -2.2% | 1.5% |
| Revenue growth | +78.2% | +44.7% | -9.6% | -25.0% | +23.3% | — |
| Cash + short-term investments | $1.70B | $1.62B | $1.25B | $1.10B | $772M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MQ)
P/E 182.0x · P/S 2.8x · P/FCF 9.5x · P/B 2.6x · FCF yield 10.49% · Earnings yield 0.55% · Buyback yield (TTM) 11.12%
P/E at fiscal year-ends: Dec 2024 72.1x.
Analysts (MQ)
Consensus Hold (mean 2.71 on a 1–5 scale), 14 analysts; mean target USD 20.65 (low 18, high 28).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-05 | Keefe, Bruyette & Woods | Target raised | Market Perform | $18 → $19 |
| 2026-07-02 | Deutsche Bank | Target raised | Hold | $4.5 → $18 |
| 2026-07-01 | Morgan Stanley | Target raised | Equal-Weight | $5 → $20 |
Total return (dividends reinvested) (MQ)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +0.2% | -85.2% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +0.2% | -31.7% |
| Volatility (annualized) | 41.5% | 52.7% |
| Max drawdown | -26.0% (Dec 2025→Jun 2026) | -88.3% (Oct 2021→Mar 2023) |
MQ earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 4, 2026 | Quarter ended Jun 30, 2026 | $0.08 | $0.01 | Beat +$0.07 | -6.7% |
| May 5, 2026 | Quarter ended Mar 31, 2026 | $0.09 | −$0.04 | Beat +$0.13 | -8.5% |
| Feb 24, 2026 | Quarter ended Dec 31, 2025 | $0.03 | −$0.08 | Beat +$0.11 | -5.6% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | −$0.04 | −$0.07 | Beat +42.9% | +9.4% |
| Aug 6, 2025 | — | — | — | — | +22.2% |
| May 7, 2025 | — | — | — | — | +15.1% |
| Feb 26, 2025 | — | — | — | — | +13.0% |
| Nov 4, 2024 | — | — | — | — | -41.5% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
MQ recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 8, 2026 | Schedule 13G/A | Dimensional Fund Advisors LP: 2.0% of shares, passive 5%+ holder (amended) |
| Aug 25, 2026 | 8-K | Director or executive officer change, or pay arrangement “Appointment of Chief Product Officer On August 25, 2026, Marqeta, Inc. (the "Company") announced the appointment of Eugenia Gibbons as Chief Product Officer, effective August 31, 2026. In this role, Ms. Gibbons will lead the product organization. Ms. Gibbons, age 53, will join Marqeta from Intuit where she has served as General Manager of the Consumer Money Business since April 2025. Prior to joining Intuit, Ms. Gibbons was at SoFi Technologies, Inc., which she joined in August 2018, where she served as Senior…” |
| Aug 14, 2026 | Schedule 13G/A | T. Rowe Price Associates, Inc.: 11.6% of shares, passive 5%+ holder (amended) |
| Aug 13, 2026 | 8-K | Director or executive officer change, or pay arrangement “On August 13, 2026, Marqeta, Inc. (the "Company") reported that on August 10, 2026, Sarah Barkema, its Chief Accounting Officer and Senior Vice President of Finance and principal accounting officer, informed the Company of her decision to resign from these roles effective August 21, 2026. The Company stated that Ms. Barkema's departure is not the result of any disagreement with the Company related to its financial statements, internal control over financial reporting, operations, policies or practices. The Company…” |
| Aug 13, 2026 | 8-K | Director or executive officer change, or pay arrangement “On August 13, 2026, Marqeta, Inc. (the "Company") reported that on August 10, 2026, Sarah Barkema, its Chief Accounting Officer and Senior Vice President of Finance and principal accounting officer, informed the Company of her decision to resign from these roles effective August 21, 2026. The Company stated that Ms. Barkema's departure is not the result of any disagreement with the Company related to its financial statements, internal control over financial reporting, operations, policies or practices. The Company…” |
| Aug 4, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 4, 2026 | 8-K | Quarterly results; Director or executive officer change, or pay arrangement; Other material event “Departure of Directors On July 31, 2026, Najuma Atkinson notified the Board of Directors (the "Board") of Marqeta, Inc. (the "Company") of her intent to resign from the Board effective as of August 3, 2026. Ms. Atkinson serves as the Chair of the Board's Compensation Committee and as a member of the Nomination and Governance Committee. Ms. Atkinson's resignation as a director is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. The Board…” |
| Jul 17, 2026 | Schedule 13G/A | Jason Gardner: 11.5% of shares, passive 5%+ holder (amended) |
| Jul 14, 2026 | Schedule 13G | Dimensional Fund Advisors LP: 8.0% of shares, passive 5%+ holder |
| Jul 1, 2026 | 8-K | Bylaws or fiscal-year change |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
MQ revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Platform services revenue, net | $163.7M | 93.0% | +14.4% |
| Other services revenue | $12.3M | 7.0% | +69.7% |
| Total revenue | $176.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MQ suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Block, Inc. (XYZ) | “On January 31, 2022, Block completed its acquisition of our customer, Afterpay Limited.” |
| Customer | Federal Deposit Insurance | “For instance, due to our relationships with certain Issuing Banks and certain customers, we may be subject to indirect supervision and examination by the Federal Deposit Insurance Corporation (the "FDIC"), state banking regulators (such as the California Department of Financial Protection and Innovation), the Office of the Comptroller of the Currency, and the Federal Reserve Bank in connection with our platform an…” |
| Partner | Visa (V) | “We currently partner with a number of Card Networks, including Visa, Mastercard, and PULSE, to process our customers' transactions on our platform.” |
| Partner | Mastercard (MA) | “We currently partner with a number of Card Networks, including Visa, Mastercard, and PULSE, to process our customers' transactions on our platform.” |
| Partner | Square | “On April 19, 2016, we entered into a master services agreement with Block, Inc., formerly known as Square, Inc., as subsequently amended (the "Block Agreement"), which includes the commercial terms of our relationship with Block.” |
| Partner | Afterpay | “We have a separate agreement with Afterpay that provides for the commercial terms of our relationship; however, we aggregate Afterpay as part of our Block business for purposes of financial reporting in this Annual Report on Form 10-K and other filings we make with the SEC.” |
| Partner | PULSE Network | “In 2013, we entered into a direct processor agreement with PULSE Network LLC, which has been subsequently amended.” |
Quoted from the company's 10-K filed Feb 24, 2026.
Companies that name MQ in their SEC reports
| Relationship to MQ | Company | Filing | Sentence |
|---|---|---|---|
| partner | Fold Holdings, Inc. (FLDDW) | 10-K Mar 17, 2026 | “These laws and regulations impact our business directly and indirectly, mainly through our partnerships with Marqeta and Sutton Bank, which provide our customers with deposit accounts and debit cards, and with BitGo.” |
| partner | Expensify, Inc. (EXFY) | 10-K Feb 26, 2026 | “An immaterial number of cardholders continue to operate within our previous card program, which operates pursuant to an agreement with the payment processor Marqeta, Inc.” |
MQ customer concentration
In the period ended Jun 30, 2026, a single direct customer accounted for 41% of revenue, per the company's 10-Q filed Aug 4, 2026. The company does not name it.
MQ company outlook (results filed Aug 4, 2026)
- “The following summarizes Marqeta's guidance for the third quarter of 2026 and full year of 2026: Third Quarter 2026 Fiscal Year 2026 Net Revenue Growth 6 - 8% 12 - 13% Gross Profit Growth 5 - 7% 11 - 12% Adjusted EBITDA Growth (1) 20 - 25% Low 30s (1) Adjusted EBITDA Growth represents the year-over-year percentage change in Adjusted EBITDA.”
Quoted word-for-word from the SEC 8-K results press release.
MQ analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.05 | $0.02 | +223.2% | $175.1M | 1 |
| Next quarter (ends Dec 2026) | $0.07 | $0.06 | +18.7% | $186.7M | 1 |
| Current fiscal year (ends Dec 2026) | $0.27 | $0.11 | +147.2% | $704.1M | 1 |
| Next fiscal year (ends Dec 2027) | $0.50 | $0.42 | +19.0% | $807.5M | 2 |
MQ options: expected move
Options price a move of about ±20.0% (±$3.55) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±15.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 97.5% | ±20.0% |
| Dec 18, 2026 | 51 | 60.3% | ±18.5% |
| Jan 15, 2027 | 79 | 48.9% | ±18.5% |
| Mar 19, 2027 | 142 | 50.2% | ±25.5% |
| Jun 17, 2027 | 232 | 55.4% | ±35.9% |
30-day implied volatility 60.9% vs 32.9% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 06:55 UTC)
| Price | USD 18.15 |
|---|---|
| Change | ▲ 0.61% (up) |
| Previous Close | USD 18.04 |
| Open | USD 17.93 |
| Day Range | USD 17.77 – 18.25 |
| 52-Week Range | USD 14.8 – 22.28 |
| Volume | 733,171 shares |
| Market Cap | $1.89B |
| Exchange | NMS |
Technical Analysis (MQ)
Nexqual's technical model rates MQ "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 29, 2026 at 06:55 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 53.81 (neutral) |
| vs SMA50 | Above (USD 17) |
| MACD | 0.47 (positive) |
Analyst Ratings (MQ)
Wall Street analysts rate MQ "Hold" based on 14 analysts, with a mean price target of USD 20.65 (range USD 18–28), per Nexqual as of October 29, 2026 at 06:55 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 14 |
| Mean Target | USD 20.65 |
| High Target | USD 28 |
| Low Target | USD 18 |
| Buy / Hold / Sell | 3 / 10 / 1 |
Earnings (MQ)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.05 |
| Revenue Estimate | $175.11M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.08 vs est 0.01 ▲ beat |
| 2026-03-31 | USD 0.09 vs est -0.04 ▲ beat |
| 2025-12-31 | USD 0.03 vs est -0.08 ▲ beat |
| 2025-09-30 | USD -0.04 vs est -0.07 ▲ beat |
Source: Nexqual, October 29, 2026 at 06:55 UTC.
Financials & Fundamentals (MQ)
| Total Revenue | $677.21M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +17.00% |
| Gross Margin | +69.99% |
| Operating Margin | +2.47% |
| Profit Margin | +1.53% |
| ROE | +1.33% |
| Debt / Equity | 0.01 |
| Current Ratio | 1.66 |
| Total Cash | $700.90M |
| Total Debt | $6.75M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $198.17M (29.3% of revenue) |
Source: Nexqual, October 29, 2026 at 06:55 UTC.
Financial Health Score (MQ)
Nexqual rates Marqeta, Inc.'s overall financial health "Solid" across five dimensions, as of October 29, 2026 at 06:55 UTC.
| Growth | Strong — Revenue +23% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 70%, operating -2% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Strong — $701M cash vs $7M debt, net cash position |
| Cash Flow | Strong — FCF $198M (last 4 quarters to Jun 2026, SEC), 29% margin |
| Efficiency | Weak — ROE 1%, ROA 0.7% (last 4 quarters, SEC) |
Ownership (MQ)
| Insider Ownership | +3.34% |
|---|---|
| Institutional Ownership | +57.08% |
| Shares Outstanding | 95.91M |
| Float | 89.81M |
| Short % of Float | +5.80% |
Source: Nexqual, October 29, 2026 at 06:55 UTC.
Leadership (MQ)
Marqeta, Inc. is led by Michael Milotich, CEO & Director, per Nexqual as of October 29, 2026 at 06:55 UTC.
| CEO & Director | Michael Milotich |
|---|---|
| Founder & Non Executive Director | Jason M. Gardner |
| Chief Revenue Officer | Todd Pollak |
| CFO & Principal Accounting Officer | Patti Kangwankij |
| Chief Technology Officer | Lukasz Strozek |
Major Backers & Investors (MQ)
Notable institutional backers of Marqeta, Inc. include Price (T.Rowe) Associates Inc, T. Rowe Price, SmallCap World Fund Inc, according to Nexqual as of October 29, 2026 at 06:55 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 47.42% |
| T. Rowe Price | 26.49% |
| SmallCap World Fund Inc | 3.92% |
| Wellington Management | 3.62% |
| TR PRICE-Price (T.Rowe) Mid-Cap Value Equity Trust | 3.37% |
| Renaissance Technologies | 3.24% |
| Capital Group | 2.9% |
| Invesco | 2.66% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.93% |
| BlackRock | 7.16% |
Source: Nexqual, October 29, 2026 at 06:55 UTC.
From Marqeta, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- The August 2023 Block Amendment provides that we will continue to provide various services to Block, though Block will be responsible for defining and managing the Cash App program with respect to the primary Card Network going forward, including being responsible for managing the financial relationship between the Cash App program and the primary Card Network, choosing the card brand, determining the product type, and meeting program parameters.
- Our platform has a number of key attributes, including: Control: Dynamic spend controls and Just-in-Time Funding ("JIT Funding") provide customers with control over the payments flow.
- Innovative Rewards Structures: Customers can leverage our proprietary rewards engine, keeping users engaged with innovative rewards structures using multiple data points across user spend as well as transactions, repayments, and other data points.
- We currently partner with a number of Card Networks, including Visa, Mastercard, and PULSE, to process our customers' transactions on our platform.
Partnerships
- In 2013, we entered into a direct processor agreement with PULSE Network LLC, which has been subsequently amended.
- On April 19, 2016, we entered into a master services agreement with Block, Inc., formerly known as Square, Inc., as subsequently amended (the "Block Agreement"), which includes the commercial terms of our relationship with Block.
Legal & Regulatory Risks (Item 1A, quoted)
- New or changing laws or regulations could require us to incur significant expenses and devote significant management attention to ensure compliance and could also prompt our Issuing Banks to alter their dealings with us in ways that may have adverse consequences for our business.
- Laws, regulations, and industry standards related to privacy and data governance, and our actual or perceived failure to comply with such obligations, could adversely affect our business and financial results.
- Current or future laws, regulations, contractual obligations, and industry standards or other frameworks relating to privacy and data governance may impose, or be asserted to impose, requirements that are inconsistent with our practices or the operation of our products and services. As a result, these requirements may require us to modify our policies and practices and may otherwise adversely affect our business.
- We may from time to time make representations regarding our practices and controls related to privacy, our processing of personal data, and related matters, such as our security measures including but not limited to within our public-facing privacy notices.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DLO | DLocal Limited | USD 13.77 | ▼ 1.99% |
| BLSH | Bullish | USD 28.73 | ▼ 0.73% |
| CORZ | Core Scientific, Inc. | USD 15 | ▲ 5.15% |
| RELY | Remitly Global, Inc. | USD 24.27 | ▲ 0.25% |
| MBGL | Mobility Global Inc. | USD 18.33 | ▲ 0.71% |
| TENB | Tenable Holdings, Inc. | USD 48.72 | ▲ 0.14% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 06:55 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt