--- title: "Marqeta | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 165.8 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285303842.md" datetime: "2026-05-06T03:22:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285303842.md) - [en](https://longbridge.com/en/news/285303842.md) - [zh-HK](https://longbridge.com/zh-HK/news/285303842.md) --- # Marqeta | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 165.8 M Revenue: As of FY2026 Q1, the actual value is USD 165.8 M, beating the estimate of USD 164.16 M. EPS: As of FY2026 Q1, the actual value is USD 0.02. EBIT: As of FY2026 Q1, the actual value is USD 2.094 M. #### Total Processing Volume (TPV) Marqeta, Inc. reported Total Processing Volume (TPV) of $112 billion for the first quarter ended March 31, 2026, which is a year-over-year increase of 33% from $84 billion in the first quarter of 2025. #### Net Revenue Net Revenue for the first quarter of 2026 was $166 million, marking an increase of 19% year-over-year from $139,073 thousand in the first quarter of 2025. #### Gross Profit and Gross Margin Gross Profit increased by 19% year-over-year to $118 million in the first quarter of 2026, up from $98,679 thousand in the first quarter of 2025. The Gross Margin remained consistent at 71% for both the first quarter of 2026 and the first quarter of 2025. #### Operating Expenses Total Operating Expenses decreased by 1% year-over-year, from $117,217 thousand in the first quarter of 2025 to $115,498 thousand in the first quarter of 2026. Specific operating expense categories for Q1 2026 include: Compensation and benefits at $78,018 thousand (down 9% from Q1 2025), Technology at $18,090 thousand (up 22% from Q1 2025), Depreciation and amortization at $8,854 thousand (up 66% from Q1 2025), Professional services at $4,631 thousand (down 19% from Q1 2025), Occupancy at $1,179 thousand (up 29% from Q1 2025), Marketing and advertising at $1,160 thousand (up 147% from Q1 2025), and Other operating expenses at $3,566 thousand (down 10% from Q1 2025). #### Income (Loss) from Operations Marqeta, Inc. reported Income from operations of $2,094 thousand in the first quarter of 2026, significantly improving from a Loss from operations of -$18,538 thousand in the first quarter of 2025, representing a 111% change. #### Net Income (Loss) and Margin GAAP Net Income for the first quarter of 2026 was $7,834 thousand, compared to a Net Loss of -$8,260 thousand in the same period of the prior year, an improvement of $16 million. The Net Income Margin was 5% in the first quarter of 2026, an increase of 11 percentage points versus the -6% margin in the prior year. #### Adjusted EBITDA and Margin Adjusted EBITDA was $33,338 thousand in the first quarter of 2026, an increase of 66% year-over-year from $20,081 thousand in the first quarter of 2025. The Adjusted EBITDA Margin was 20% in the first quarter of 2026, an increase of 6 percentage points versus the 14% margin in the prior year. #### Cash Flow from Operating Activities Net cash used in operating activities was -$3,367 thousand for the three months ended March 31, 2026, compared to net cash provided by operating activities of $9,987 thousand for the three months ended March 31, 2025. #### Cash Flow from Investing Activities Net cash provided by investing activities was $16,057 thousand for the three months ended March 31, 2026, compared to $14,861 thousand for the three months ended March 31, 2025. Key components included maturities of short-term investments of $25,134 thousand and capitalization of internal-use software of -$7,798 thousand in Q1 2026. #### Cash Flow from Financing Activities Net cash used in financing activities was -$74,538 thousand for the three months ended March 31, 2026, compared to -$116,967 thousand for the three months ended March 31, 2025. This included $39,207 thousand for the repurchase of common stock and a change in funds payable and amounts due to customers of -$26,593 thousand in Q1 2026. #### Financial Guidance For the second quarter of 2026, Marqeta, Inc. anticipates Net Revenue Growth and Gross Profit Growth in the range of 14% to 16%, and Adjusted EBITDA Growth between 10% and 12%. For the full fiscal year 2026, the company expects Net Revenue Growth of 12% to 14%, Gross Profit Growth of 10% to 12%, and Adjusted EBITDA Growth in the mid-to-high 20s. ### Related Stocks - [MQ.US](https://longbridge.com/en/quote/MQ.US.md) ## Related News & Research - [What Marqeta (MQ)'s Earnings Beat and New CTO Hire Means For Shareholders](https://longbridge.com/en/news/287032064.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Copart Reports Third Quarter Fiscal 2026 Financial Results | CPRT Stock News](https://longbridge.com/en/news/287267665.md)