Leading edge card issuer Marqeta (NASDAQ: MQ) will be reporting results this Wednesday afternoon. Here’s what you need to know.
Marqeta beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $139.1 million, up 17.9% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a narrow beat of analysts’ total payment volume estimates.
Is Marqeta a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Marqeta’s revenue to grow 12.1% year on year to $140.5 million, a reversal from the 45.8% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Marqeta has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.8% on average.
Looking at Marqeta’s peers in the finance and hr software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Workiva delivered year-on-year revenue growth of 21.2%, beating analysts’ expectations by 3%, and Asure reported revenues up 7.4%, falling short of estimates by 3.2%. Workiva traded up 32.2% following the results while Asure was down 13.6%.
Read our full analysis of Workiva’s results here and Asure’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the finance and hr software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3% on average over the last month. Marqeta is down 3.4% during the same time and is heading into earnings with an average analyst price target of $5.91 (compared to the current share price of $5.74).
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