Reading the tape
NASDAQ: MQ
Marqeta, Inc.
Technology · Software - Infrastructure
Market Cap
$1.92B
52w High
$7.04
52w Low
$3.70
P/E
-150.02
Volume
3.61M
Outstanding Shares
424.88M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 18.95%Revenue (TTM): 23.25%FCF (TTM): 223.78%P/S: 11th pct
What changed
The stock rose 18.95% over the last year. Revenue grew 23.25% over the trailing twelve months. Operating margin moved from -4.83% to -7.43%. Free cash flow grew 223.78% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 11th percentile of their historical P/S range.
What would invalidate this read
Operating margin is at -7.43%. Revenue grew 23.25% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs.
CEOMichael Milotich
SectorTechnology
IndustrySoftware - Infrastructure
Employees854
IPO dateJun 9, 2021
Valuation
Forward P/E—
EV/EBITDA89.29
Enterprise value$1.24B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth26.75%
Gross margin69.98%▼83.93%vs FY2024
Operating margin-7.43%▲3.32%vs FY2024
ROE-1.83%▼172.67%vs FY2024
Analyst consensus
RatingHold
Target price$4.75▲5.09%
7
Buy
13
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est -$0.00 · Revenue est $164.3M
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