MQ on Nasdaq
Marqeta
Logo: marqeta.com4
Fintech company based in Oakland, founded in 20101
In its 2026 annual report the company says: “Marqeta’s modern platform empowers our customers to create customized and innovative payment card programs, giving them configurability and flexibility. Our platform encompasses debit, prepaid, and credit programs, and provides banking and money movement, risk management, and rewards products. We deliver a scaled solution to our customers to maximize the benefit of their card programs while also providing the tech layer that bridges the bank and the customer.”8 Its shares trade on Nasdaq under the symbol MQ.1
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Last updated Oct 21, 2026.
Overview
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- TickerMQ on Nasdaq1
- Industryfintech1
- HeadquartersOakland1
- Websitewww.marqeta.com
- Legal formDelaware corporation1
- Business address180 Grand Avenue, 6Th Floor, Oakland, Ca 946126
- Filer categoryLarge accelerated filer6
- LEI254900UZARK0FMZGZE183
- StatusActive3
- LEI statusIssued and current3
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States3
- Registered withDivision of Corporations, Department of State, 48943193
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Marqeta’s mission is modernizing financial services by making the entire payment experience native and delightful. Marqeta’s modern platform empowers our customers to create customized and innovative payment card programs, giving them configurability and flexibility. When our customers come to us to build a payments solution, they are not just building a card, they are building a payments experience.8 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
70.0%Gross margin5
-7.4%Operating margin5
-2.2%Net margin5
23.3%Revenue growth, 20255
-1.8%Return on equity5
$160.8MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Platform Service Revenue, Net brought in 95% of the revenue Marqeta broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Platform Service Revenue, Net | $654.6M | $481.7M | $594.1M |
| Other Services Revenue | $21.6M | $25.3M | $30.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue30¢$187.6M
- Other costs70¢$436.7M
- Income tax0¢$596.0K
Out of $624.9M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending0¢$1.8M
- Share buybacks100¢$391.4M
Out of $162.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net revenue | $624.9M | $507.0M | $676.2M |
| Costs of revenue | $187.6M | $155.1M | $346.7M |
| Gross profit | $437.3M | $351.8M | $329.5M |
| Compensation and benefits | $340.4M | $397.6M | $446.4M |
| Technology | $65.0M | $60.1M | $55.6M |
| Professional services | $21.9M | $20.1M | $21.7M |
| Occupancy | $3.8M | $6.0M | $4.4M |
| Depreciation and amortization | $27.2M | $17.5M | $10.7M |
| Marketing and advertising | $5.1M | $3.0M | $2.6M |
| Other operating expenses | $20.4M | $16.8M | $18.0M |
| Executive chairman long-term performance award | $0 | -$144.6M | $53.2M |
| Total operating expenses | $483.7M | $376.3M | $612.5M |
| Loss from operations | -$46.4M | -$24.5M | -$283.0M |
| Other income, net | $33.1M | $52.5M | $52.4M |
| (Loss) income before income tax expense (benefit) | -$13.3M | $28.1M | -$230.6M |
| Income tax expense (benefit) | $596.0K | $793.0K | -$7.6M |
| Net (loss) income | -$13.9M | $27.3M | -$223.0M |
| Net (loss) income attributable to common stockholders, basic | -$13.9M | $27.3M | -$223.0M |
| Net (loss) income attributable to common stockholders, diluted | -$13.9M | $27.3M | -$223.0M |
| Change in foreign currency translation adjustment | $2.1M | -$468.0K | -$40.0K |
| Net change in unrealized (loss) gain on short-term investments | -$243.0K | -$608.0K | $8.0M |
| Net other comprehensive income (loss) | $1.8M | -$1.1M | $8.0M |
| Comprehensive (loss) income | -$12.1M | $26.2M | -$215.0M |
| Basic (in dollars per share) | -$0 | $0 | -$0 |
| Diluted (in dollars per share) | -$0 | $0 | -$0 |
| Basic (in shares) | 462.2M shares | 511.1M shares | 532.5M shares |
| Diluted (in shares) | 462.2M shares | 518.8M shares | 532.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $709.4M | $923.0M | $981.0M | |
| Restricted cash | $307.6M | $8.5M | $8.5M | |
| Short-term investments | $62.5M | $179.4M | ||
| Accounts receivable, net | $41.4M | $30.0M | ||
| Settlements receivable, net | $18.0M | $16.2M | ||
| Network incentives receivable | $61.1M | $66.8M | ||
| Prepaid expenses and other current assets | $35.3M | $25.4M | ||
| Total current assets | $1.2B | $1.2B | ||
| Operating lease right-of-use assets, net | $8.3M | $2.7M | ||
| Property and equipment, net | $59.9M | $37.5M | ||
| Intangible assets, net | $51.4M | $29.8M | ||
| Goodwill | $154.7M | $123.5M | ||
| Other assets | $15.4M | $20.4M | ||
| Total assets | $1.5B | $1.5B | ||
| Accounts payable | $1.8M | $527.0K | ||
| Revenue share payable | $224.5M | $193.4M | ||
| Funds payable and amounts due to customers | $306.9M | $0 | ||
| Accrued expenses and other current liabilities | $215.8M | $177.1M | ||
| Total current liabilities | $749.1M | $371.0M | ||
| Operating lease liabilities, net of current portion | $5.5M | $870.0K | ||
| Other liabilities | $8.5M | $6.3M | ||
| Total liabilities | $763.1M | $378.2M | ||
| Preferred stock, $0.0001 par value; 100,000 and 100,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | ||
| Common stock, $0.0001 par value: 1,500,000 and 1,500,000 Class A shares authorized, 399,392 and 470,824 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. 600,000 and 600,000 Class B shares authorized, 32,864 and 33,472 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $43.0K | $50.0K | ||
| Additional paid-in capital | $1.6B | $1.9B | ||
| Accumulated other comprehensive income (loss) | $1.5M | -$314.0K | ||
| Accumulated deficit | -$811.8M | -$797.9M | ||
| Total stockholders equity | $762.0M | $1.1B | $1.2B | $1.5B |
| Total liabilities and stockholders equity | $1.5B | $1.5B | ||
| Preferred Stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred Stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred Stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred Stock, shares outstanding (in shares) | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $709.4M | $923.0M | $981.0M | |
| Restricted cash | $307.6M | $8.5M | $8.5M | |
| Short-term investments | $62.5M | $179.4M | ||
| Accounts receivable, net | $41.4M | $30.0M | ||
| Settlements receivable, net | $18.0M | $16.2M | ||
| Network incentives receivable | $61.1M | $66.8M | ||
| Prepaid expenses and other current assets | $35.3M | $25.4M | ||
| Total current assets | $1.2B | $1.2B | ||
| Operating lease right-of-use assets, net | $8.3M | $2.7M | ||
| Property and equipment, net | $59.9M | $37.5M | ||
| Intangible assets, net | $51.4M | $29.8M | ||
| Goodwill | $154.7M | $123.5M | ||
| Other assets | $15.4M | $20.4M | ||
| Total assets | $1.5B | $1.5B | ||
| Accounts payable | $1.8M | $527.0K | ||
| Revenue share payable | $224.5M | $193.4M | ||
| Funds payable and amounts due to customers | $306.9M | $0 | ||
| Accrued expenses and other current liabilities | $215.8M | $177.1M | ||
| Total current liabilities | $749.1M | $371.0M | ||
| Operating lease liabilities, net of current portion | $5.5M | $870.0K | ||
| Other liabilities | $8.5M | $6.3M | ||
| Total liabilities | $763.1M | $378.2M | ||
| Preferred stock, $0.0001 par value; 100,000 and 100,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | ||
| Common stock, $0.0001 par value: 1,500,000 and 1,500,000 Class A shares authorized, 399,392 and 470,824 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively. 600,000 and 600,000 Class B shares authorized, 32,864 and 33,472 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $43.0K | $50.0K | ||
| Additional paid-in capital | $1.6B | $1.9B | ||
| Accumulated other comprehensive income (loss) | $1.5M | -$314.0K | ||
| Accumulated deficit | -$811.8M | -$797.9M | ||
| Total stockholders equity | $762.0M | $1.1B | $1.2B | $1.5B |
| Total liabilities and stockholders equity | $1.5B | $1.5B | ||
| Preferred Stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred Stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | ||
| Preferred Stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred Stock, shares outstanding (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$13.9M | $27.3M | -$223.0M |
| Share-based compensation expense | $104.8M | $136.6M | $127.5M |
| Depreciation and amortization | $27.2M | $17.5M | $10.7M |
| Non-cash operating leases expense | $2.3M | $1.8M | $2.5M |
| Amortization of premium on short-term investments | -$755.0K | -$3.2M | -$4.5M |
| Executive chairman long-term performance award | $0 | -$144.6M | $53.2M |
| Non-cash postcombination compensation expense | $0 | $0 | $32.4M |
| Other | $558.0K | $1.7M | $736.0K |
| Accounts receivable | -$8.9M | -$11.2M | -$4.6M |
| Settlements receivable | -$1.8M | $13.7M | -$11.9M |
| Network incentives receivable | $5.7M | -$13.0M | -$11.1M |
| Prepaid expenses and other assets | -$2.1M | $462.0K | $7.9M |
| Accounts payable | -$81.0K | -$350.0K | -$2.0M |
| Revenue share payable | $31.1M | $19.8M | $31.5M |
| Accrued expenses and other liabilities | $22.7M | $15.1M | $15.0M |
| Operating lease liabilities | -$4.2M | -$3.2M | -$3.4M |
| Net cash provided by operating activities | $162.6M | $58.2M | $21.1M |
| Restricted cash acquired in business combination | $229.7M | $0 | $0 |
| Maturities of short-term investments | $120.9M | $92.0M | $501.5M |
| Cash paid for business acquisition, net of cash acquired | -$45.7M | $0 | -$135.8M |
| Capitalization of internal-use software | -$28.4M | -$18.8M | -$11.9M |
| Purchases of short-term investments | -$3.5M | $0 | -$892.4M |
| Purchases of property and equipment | -$1.8M | -$2.4M | -$762.0K |
| Sales of short-term investments | $0 | $0 | $577.9M |
| Realized loss on investments | $0 | $0 | -$94.0K |
| Net cash provided by investing activities | $271.1M | $70.8M | $38.5M |
| Repurchase of common stock | -$391.4M | -$154.4M | -$190.4M |
| Taxes paid related to net share settlement of restricted stock units | -$37.0M | -$35.4M | -$26.7M |
| Change in funds payable and amounts due to customers | $77.3M | $0 | $0 |
| Proceeds from shares issued in connection with employee stock purchase plan | $2.1M | $2.7M | $3.1M |
| Proceeds from exercise of stock options, including early exercised stock options, net of repurchase of early exercised unvested options | $1.7M | $203.0K | $5.3M |
| Payment of acquisition-related contingent consideration | $0 | $0 | -$53.1M |
| Net cash used in financing activities | -$347.3M | -$186.9M | -$261.8M |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $86.4M | -$58.0M | -$202.2M |
| Cash paid for operating lease liabilities | $5.0M | $4.6M | $4.2M |
| Cash paid for income taxes | $595.0K | $396.0K | $430.0K |
| Share-based compensation capitalized to internal-use software | $11.2M | $7.1M | $4.5M |
| Contingent and holdback considerations, not yet paid | $6.0M | $0 | $0 |
| Operating lease right-of-use assets in exchange for lease liabilities | $5.3M | $577.0K | $0 |
| Repurchase of common stock, including excise tax, accrued and not yet paid | $3.5M | $906.0K | $991.0K |
| Purchase of property and equipment accrued and not yet paid | $1.2M | $2.1M | $113.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Marqeta sits at the top of its group. 12 entities, 9 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Marqeta
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on Marqeta, latest Oct 8, 2026 (2 filings since Jul 14, 2026)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G/A on Marqeta, latest Aug 14, 2026 (3 filings since May 14, 2025)
- Jason M. Gardner Filed SCHEDULE 13G/A on Marqeta, latest Jul 17, 2026 (5 filings since Feb 10, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Marqeta, latest Mar 27, 2026 (4 filings since Feb 9, 2023)
- T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G on Marqeta, latest Aug 14, 2025
- BlackRock Filed SCHEDULE 13G/A on Marqeta, latest Jul 17, 2025 (6 filings since Oct 8, 2021)
- Granite Ventures II L P Filed SCHEDULE 13G/A on Marqeta, latest Apr 2, 2025 (6 filings since Feb 11, 2022)
- FMR LLC Filed SCHEDULE 13G/A on Marqeta, latest Feb 12, 2025 (3 filings since Nov 10, 2021)
- HMI Capital Management, L.P. Filed SC 13G/A on Marqeta, latest Feb 14, 2024 (4 filings since Nov 24, 2021)
- Capital Research Global Investors Filed SC 13G/A on Marqeta, latest Apr 10, 2023 (4 filings since Feb 10, 2022)
- ICONIQ Strategic Partners III, L.P. Filed SC 13G/A on Marqeta, latest Feb 14, 2023 (3 filings since Feb 14, 2022)
- LONE PINE CAPITAL LLC Filed SC 13G/A on Marqeta, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- Marqeta Oakland, California, United States
- 1000163449 Ontario Inc. Subsidiary · Canada
- Marqeta Australia Pty Ltd Subsidiary · Australia
- Marqeta do Brasil Processadora e Servicos LTDA Subsidiary · Brazil
- Marqeta Singapore Pte. Ltd. Subsidiary · Singapore
- Marqeta sp. z.o.o. Subsidiary · Poland
- Marqeta UK Ltd Subsidiary · United Kingdom
- TRANSACT PAYMENTS LIMITED Subsidiary · Gibraltar, Gibraltar
- Transact Payments Malta (Holdings) Limited Subsidiary · Malta
- Transact Payments Malta Limited Subsidiary · Malta
- Transact Payments Services Group Limited Subsidiary · Gibraltar
- Transact Payments Services Limited UK Subsidiary · United Kingdom
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Marqeta reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $108.2M5 Dec 31, 2025 | $67.3M5 Dec 31, 2024 | +60.7% |
| Accumulated depreciation | $48.3M5 Dec 31, 2025 | $29.8M5 Dec 31, 2024 | +62.0% |
| Property and equipment, net | $59.9M5 Dec 31, 2025 | $37.5M5 Dec 31, 2024 | +59.7% |
| Operating-lease assets (leased space) | $8.3M5 Dec 31, 2025 | $2.7M5 Dec 31, 2024 | +205.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $709.4M5 Dec 31, 2025 | $923.0M5 Dec 31, 2024 | −23.1% |
| Marketable securities, current | $62.5M5 Dec 31, 2025 | $179.4M5 Dec 31, 2024 | −65.2% |
| Debt securities available for sale | $62.5M5 Dec 31, 2025 | $179.4M5 Dec 31, 2024 | −65.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $154.7M5 Dec 31, 2025 | $123.5M5 Dec 31, 2024 | +25.2% |
| Intangible assets, net (excluding goodwill) | $51.4M5 Dec 31, 2025 | $29.8M5 Dec 31, 2024 | +72.6% |
| Finite-lived intangibles, gross | $48.1M5 Dec 31, 2025 | $41.0M5 Dec 31, 2024 | +17.2% |
| Accumulated amortization | $18.6M5 Dec 31, 2025 | $11.2M5 Dec 31, 2024 | +65.3% |
| Finite-lived intangibles, net | $29.5M5 Dec 31, 2025 | $29.8M5 Dec 31, 2024 | −0.9% |
Properties, in its own words
Our principal executive office is located in Oakland, California, under a lease agreement expiring in 2028. We also lease additional facilities in London, United Kingdom, Warsaw, Poland, Sliema, Malta, and Queensway, Gibraltar. We believe that our existing facilities are suitable to support our current and near-term operational needs.
Item 2 of the 10-K filed Feb 24, 2026.8
Leadership
Who has led Marqeta, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerMichael Milotich Mar 4, 2026 to now17
- Chief executive officerSimon Khalaf Feb 10, 2023 to Dec 3, 202418
- Chief executive officerJason M. Gardner Jun 8, 2021 to Aug 23, 202219
- ChairJason M. Gardner Feb 10, 2023 to May 8, 202420
- Chief financial officerPatti Kangwankij Feb 17, 2026 to now21
- Chief financial officerMichael Milotich Mar 2, 2022 to Dec 3, 202422
- Chief financial officerPhilip Faix Jun 8, 2021 to Jan 3, 202223
- Chief operating officerVidya Peters Mar 17, 2022 to Sep 6, 202224
Board members and other officers (29)
- Chief Technology OfficerLukasz Strozek May 18, 2026 to now25
- Chief Product OfficerEugenia Gibbons Sep 2, 2026 to now26
- OfficerMichael Milotich Mar 4, 2025 to now27
- Principal Accounting OfficerSarah Barkema Oct 24, 2025 to now28
- Chief Revenue OfficerTodd Pollak Feb 10, 2023 to now29
- OfficerCrystal Sumner Feb 23, 2023 to now30
- OfficerBrian Kieley Jun 8, 2021 to Feb 4, 202231
- Chief Revenue OfficerDarren Mowry Jun 8, 2021 to Jun 15, 202132
- Chief Product OfficerKevin Doerr Jun 8, 2021 to Jun 15, 202133
- Chief Technology OfficerRandall F. Kern Jun 8, 2021 to Sep 4, 202434
- OfficerRenata Caine Jun 8, 2021 to Jan 5, 202235
- OfficerSeth R. Weissman Jun 8, 2021 to Dec 5, 202236
- Chief Marketing OfficerVidya Peters Jun 8, 2021 to Jun 15, 202137
- Board memberElaine Paul Apr 22, 2025 to now38
- Board memberWendy Thomas Apr 22, 2025 to now39
- Board memberMichael Milotich Sep 17, 2025 to now40
- Board memberAlpesh Chokshi Jun 17, 2024 to now41
- Board memberSimon Khalaf Feb 10, 2023 to Dec 3, 202418
- Board memberNajuma Atkinson Apr 19, 2023 to now42
- Board memberSrikiran Prasad Sep 15, 2022 to now43
- Board memberAmy Chang Jun 8, 2021 to Jun 17, 202244
- Board memberArnon Dinur Jun 8, 2021 to Jun 17, 202445
- Board memberChristopher McKay Jun 8, 2021 to May 31, 202246
- Board memberGeraldine Elliott Jun 8, 2021 to Jun 17, 202447
- Board memberGodfrey Sullivan Jun 8, 2021 to now48
- Board memberHelen Riley Jun 8, 2021 to now49
- Board memberJason M. Gardner Jun 8, 2021 to now19
- Board memberJudson C. Linville Jun 8, 2021 to now50
- Board memberMartha Cummings Jun 8, 2021 to now51
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 1000163449 Ontario Inc. Canada7
- Marqeta Australia Pty Ltd Australia7
- Marqeta Singapore Pte. Ltd. Singapore7
- Marqeta UK Ltd United Kingdom7
- Marqeta do Brasil Processadora e Servicos LTDA Brazil7
- Marqeta sp. z.o.o. Poland7
- Transact Payments Limited Gibraltar7
- Transact Payments Malta (Holdings) Limited Malta7
- Transact Payments Malta Limited Malta7
- Transact Payments Services Group Limited Gibraltar7
- Transact Payments Services Limited UK United Kingdom7
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 25, 20268-K Executive or director change52
- Aug 13, 20268-K Executive or director change53
- Aug 13, 20268-K Executive or director change54
- Aug 4, 20268-K Results of operations; Executive or director change; Other events55
- Jul 1, 20268-K Bylaws or fiscal year changed56
- Jun 11, 20268-K Shareholder vote; Other events57
- May 8, 20268-K Executive or director change58
- May 5, 20268-K Results of operations59
- Mar 4, 2026New chief executive Michael Milotich becomes CEO17
- Feb 24, 20268-K Results of operations60
- Jan 7, 20268-K Executive or director change61
- Dec 8, 20258-K Other events62
- Nov 5, 20258-K Results of operations63
- Feb 10, 2023New chief executive Simon Khalaf becomes CEO18
- Jun 8, 2021New chief executive Jason M. Gardner becomes CEO19
- 2010Founded Founded1
Calendar
Coming up
- Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.04) a share, on Nov 5, 2025.64
When it reported results
- Aug 4, 2026Reported quarterly or annual results55
- May 5, 2026Reported quarterly or annual results59
- Feb 24, 2026Reported quarterly or annual results60
- Nov 5, 2025Reported quarterly or annual results63
- Aug 6, 2025Reported quarterly or annual results65
- May 7, 2025Reported quarterly or annual results66
- Feb 26, 2025Reported quarterly or annual results67
- Nov 4, 2024Reported quarterly or annual results68
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
425 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 50 major events, 248 insider forms, 47 large holders, 60 other. The latest 20:
- Oct 8, 2026SCHEDULE 13G/A EDGAR
- Sep 18, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 2026144 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 2, 20263 EDGAR
- Sep 2, 20264 EDGAR
- Sep 1, 2026144 EDGAR
- Aug 25, 20268-K EDGAR
- Aug 21, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 20268-K EDGAR
- Aug 13, 20268-K EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
The 425 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
47 open-market trades by officers, directors and large owners since October 2021: 5 buys and 42 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 16, 2026 | Cummings MarthaDirector | Sale | 713 | $16.01 | $11.4K | Form 4 |
| Sep 15, 2026 | Sumner CrystalSee Remarks | Sale | 1,250 | $16.39 | $20.5K | Form 4 |
| Sep 1, 2026 | Sumner CrystalSee Remarks | Sale | 1,250 | $16.27 | $20.3K | Form 4 |
| Aug 14, 2026 | Cummings MarthaDirector | Sale | 713 | $16.47 | $11.7K | Form 4 |
| Jul 15, 2026 | Cummings MarthaDirector | Sale | 713 | $16.22 | $11.6K | Form 4 |
| Jul 1, 2026 | Pollak ToddChief Revenue Officer | Sale | 18,750 | $16.88 | $316.5K | Form 4 |
| Jun 15, 2026 | Sumner CrystalSee Remarks | Sale | 5,056 | $3.89 | $19.7K | Form 4 |
| Jun 12, 2026 | Atkinson NajumaDirector | Sale | 10,889 | $3.80 | $41.4K | Form 4 |
| Jun 12, 2026 | Paul ElaineDirector | Sale | 18,148 | $3.80 | $69.0K | Form 4 |
| Jun 12, 2026 | Cummings MarthaDirector | Sale | 14,831 | $3.80 | $56.4K | Form 4 |
| May 15, 2026 | Sumner CrystalSee Remarks | Sale | 5,055 | $3.85 | $19.5K | Form 4 |
| May 15, 2026 | Cummings MarthaDirector | Sale | 2,853 | $3.85 | $11.0K | Form 4 |
| Apr 21, 2026 | Paul ElaineDirector | Sale | 17,452 | $4.47 | $78.0K | Form 4 |
| Apr 20, 2026 | Atkinson NajumaDirector | Sale | 9,259 | $4.44 | $41.1K | Form 4 |
| Apr 15, 2026 | Sumner CrystalSee Remarks | Sale | 5,056 | $4.12 | $20.8K | Form 4 |
| Apr 15, 2026 | Cummings MarthaDirector | Sale | 2,853 | $4.12 | $11.8K | Form 4 |
| Mar 16, 2026 | Sumner CrystalSee Remarks | Sale | 5,055 | $3.98 | $20.1K | Form 4 |
| Mar 16, 2026 | Cummings MarthaDirector | Sale | 2,853 | $3.98 | $11.4K | Form 4 |
| Feb 27, 2026 | Linville Judson CDirector | Buy | 25,570 | $3.93 | $100.5K | Form 4 |
| Feb 17, 2026 | Sumner CrystalSee Remarks | Sale | 5,056 | $4.00 | $20.2K | Form 4 |
All 47 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 2 filings Jul 14, 2026 to Oct 8, 202669
- PRICE T ROWE ASSOCIATES INC /MD/SCHEDULE 13G/A, 3 filings May 14, 2025 to Aug 14, 202670
- Jason M. GardnerSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Jul 17, 202671
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2023 to Mar 27, 202672
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G, 1 filing Aug 14, 202573
- BlackRockSCHEDULE 13G/A, 6 filings Oct 8, 2021 to Jul 17, 202574
- Granite Ventures II L PSCHEDULE 13G/A, 6 filings Feb 11, 2022 to Apr 2, 202575
- FMR LLCSCHEDULE 13G/A, 3 filings Nov 10, 2021 to Feb 12, 202576
- HMI Capital Management, L.P.SC 13G/A, 4 filings Nov 24, 2021 to Feb 14, 202477
- Capital Research Global InvestorsSC 13G/A, 4 filings Feb 10, 2022 to Apr 10, 202378
- ICONIQ Strategic Partners III, L.P.SC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202379
- LONE PINE CAPITAL LLCSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202380
- ALGER ASSOCIATES INCSC 13G/A, 2 filings Feb 14, 2022 to Sep 9, 202281
- Discover FinancialSC 13G/A, 2 filings Feb 11, 2022 to May 13, 202282
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Mike Milotich | 49 | $556.5K | $11.0M83 |
| 2025 | Crystal Sumner | 42 | $460.0K | $5.3M83 |
| 2025 | Todd Pollak | 51 | $440.0K | $5.1M83 |
| 2025 | Simon Khalaf | $100.0K | $113.5K83 | |
| 2024 | Former ChiefExecutive Officer | $595.8K | $11.4M83 | |
| 2024 | Chief Executive Officer | $487.5K | $5.9M83 | |
| 2024 | Chief Administra-tive Officer and Secretary | $456.7K | $4.6M83 | |
| 2024 | Chief Revenue Officer | $433.3K | $4.2M83 | |
| 2023 | Former ChiefExecutive Officer | $571.5K | $16.3M83 | |
| 2023 | Chief Revenue Officer | $400.0K | $13.6M83 | |
| 2023 | Chief Executive Officer | $475.0K | $3.6M83 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Congress Asset Management Co | 1,592,210 | $25.9M | 0.2% | New |
| Marshall Wace, Llp | 844,803 | $3.4M | 0.0% | New |
| Dark Forest Capital Management LP | 328,753 | $1.3M | 0.1% | New |
| SBI Securities Co., Ltd. | 181,476 | $736.8K | 0.0% | New |
| Public Employees Retirement System Of Ohio | 129,424 | $525.5K | 0.0% | New |
| Price T Rowe Associates Inc /md/ | 45,481,645 | $184.7K | 0.0% | New |
| Ensign Peak Advisors, Inc | 37,595 | $152.6K | 0.0% | New |
| Cornerstone Investment Partners, LLC | 32,743 | $132.9K | 0.0% | New |
| T. Rowe Price Investment Management, Inc. | 25,410,871 | $103.2K | 0.1% | New |
| Parallel Advisors, LLC | 6,694 | $27.2K | 0.0% | New |
| EverSource Wealth Advisors, LLC | 1,728 | $7.0K | 0.0% | New |
| Essential Partners LLC | 955 | $3.9K | 0.0% | New |
| Rothschild Investment LLC | 934 | $3.8K | 0.0% | New |
| Fortitude Family Office, LLC | 667 | $2.7K | 0.0% | New |
| Strategic Wealth Partners, Ltd. | 300 | $1.2K | 0.0% | New |
| Harbor Capital Advisors, Inc. | 138,849 | $564 | 0.0% | New |
| Creative Capital Management Investments LLC | 52 | $211 | 0.0% | New |
| Bay Harbor Wealth Management, LLC | 23 | $93 | 0.0% | New |
| LRI Investments, LLC | 13 | $53 | 0.0% | New |
| Raffa Wealth Management, LLC | 3 | $12 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Marqeta is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMarqeta, Inc.2
- CIK0001522540
- Employer ID (EIN)27-43066908
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company8
- Incorporated inDelaware8
- Fiscal year endsDecember 312
- Industry code (SIC)7372 Services-Prepackaged Software2
- SEC reviewing officeOffice of Technology, Division of Corporation Finance2
- Business address180 Grand Avenue, 6Th Floor, Oakland, CA 946122
- Phone1-510-671-54372
- Shares outstanding394,378,510 Common Class A shares; 32,833,382 Common Class B shares as of Feb 20, 20268
- Public float$2.3B as of Jun 30, 20258
- AuditorKPMG LLP, San Francisco, California PCAOB ID 185; it also attests to the company’s internal control over financial reporting8
- On EDGAR sinceJun 13, 20112
- Filings498 in all: 4 (252), 8-K (50), 3 (34), 144 (31), SC 13G/A (27), 10-Q (16), SC 13G (13), DEFA14A (8)2
All 35 form types
SCHEDULE 13G/A (8), S-8 (6), 10-K (5), DEF 14A (5), ARS (4), CORRESP (4), UPLOAD (4), 5 (3), D (3), SCHEDULE 13G (3), 8-K/A (2), DRS/A (2), DRSLTR (2), S-1/A (2), SEC STAFF LETTER (2), 3/A (1), 40-APP (1), 424B4 (1), 8-A12B (1), APP NTC (1), APP ORDR (1), CERT (1), D/A (1), DRS (1), EFFECT (1), PRE 14A (1), S-1 (1)
- Latest filingsAnnual report (10-K) Feb 24, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Apr 21, 2026
Latest 8-K (8-K) Aug 25, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A common stock, $0.0001 par value per share | MQ | Nasdaq |
From the cover page of the 10-K filed Feb 24, 2026 (Section 12(b) of the Exchange Act).8
Risk factors and legal proceedings
The risks Marqeta names in Item 1A of its 10-K filed Feb 24, 2026: 46 risks under these headings, as written.8
- Risks Relating to Our Business and Industry
- We have experienced rapid growth and our past growth rates may not be indicative of future growth rates. If we fail to manage growth effectively, our business and financial results may be adversely affected.
- Future net revenue growth depends on our ability to attract new customers and retain existing customers in a cost-effective manner.
- We participate in markets that are competitive and continuously evolving, and, if we do not compete successfully, our business, results of operations, financial condition, and future prospects may be adversely affected.
- We currently generate significant net revenue from a small number of customers, including our largest customer, Block, and the loss of any of these significant relationships or decline in net revenue from these customers, including as a result of renewals on less favorable terms, could adversely affect our business, results of operations, financial condition, and future prospects.
- We have a history of net losses and we may not be able to achieve or sustain profitability.
- Our results fluctuate significantly and may not fully reflect the underlying performance of our business, making it difficult to accurately forecast future results. If our results fail to meet the expectations of financial analysts or investors, our stock price and the value of your investment could decline.
- We rely on our relationships with Issuing Banks and Card Networks, and if we are unable to maintain these relationships, our business may be adversely affected.
- Performance issues, systems failures, and interruptions in the availability of our platform may adversely affect our business, results of operations, and financial condition.
- Any real or perceived improper or unauthorized use of, disclosure of, or access to our or our customers’ and other third parties’ confidential, proprietary, or sensitive data, including by cyberattacks, security breaches or incidents, or employee or other misconduct, could expose us to liability and damage our reputation.
- Our business depends on a strong, trusted brand, and any failure to maintain, protect, enhance, and effectively market our brand would adversely affect our business.
- Our new products and technologies have a limited performance history, and any failure to execute on our related strategy could have an adverse impact on our business and financial condition.
The other 35 risks
- If our credit platform or other credit programs are inaccurate, do not perform as intended, or lack sufficient capacity to meet demand, our business may be adversely affected.
- If we fail to anticipate, adapt to, or keep pace with new technologies and develop new services and capabilities for our platform, our business and future growth could be harmed.
- Issues relating to our use of AI technologies, including generative and agentic AI, combined with an uncertain legal and regulatory environment, could materially and adversely affect our business, financial condition, and results of operations.
- We may continue to expand operations internationally where we have limited operating experience and may be subject to increased business, economic, and regulatory risks that could adversely impact our operations and financial results.
- Our business is exposed to risks associated with the handling of client funds.
- We may incur losses relating to the settlement of payment transactions on our platform.
- We may incur losses relating to illegal and fraudulent activity on our platform.
- Failure to attract and retain key personnel, including senior management and other highly skilled employees, could adversely affect our business.
- We may require additional capital to support our business, and this capital might not be available on acceptable terms, if at all.
- Strategic transactions, including acquisitions, investments, partnerships, and collaborations, could fail to achieve strategic objectives, divert the attention of management, disrupt our ongoing operations, dilute stockholder value, and may adversely affect our business and financial results. We may be unable to successfully integrate any acquired businesses and technology.
- Litigation, disputes, regulatory actions, and government or legal investigations could be costly and time-consuming to defend, and our business may be adversely affected by our involvement or the outcome of such litigation, disputes, actions, or investigations.
- We rely on third parties to provide certain products and services, and their failure to perform those services or comply with legal or regulatory requirements could adversely affect our business and financial results.
- Indemnity provisions in various agreements potentially expose us to substantial liability and risk of loss.
- If our estimates or judgments relating to our accounting policies prove to be incorrect, our results of operations could be adversely affected.
- Risks Relating to Regulation
- 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.
- A portion of our net revenue is derived from Interchange Fees and changes in Interchange Fees or Interchange Fee regulations, or in interpretation of existing regulations, could adversely affect our business, results of operations, and financial condition.
- Changes to the rules or practices set by Card Networks or our failure to comply with their rules and practices could adversely affect our business.
- We are subject to anti-money laundering, anti-bribery and corruption (“AB&C”), sanctions, and similar laws, and non-compliance with such laws and regulations can subject us to criminal penalties or significant fines, adversely affect our business and reputation, or have other adverse consequences for us.
- We may be subject to governmental export controls and economic sanctions regulations that could impair our ability to compete in international markets and could subject us to liability if we fail to comply.
- If we fail to maintain an effective system of disclosure controls and procedures or internal control over financial reporting, our ability to report timely and accurate financial results or comply with applicable regulations could be impaired, and our business, operating results, and the price of our Class A common stock may be adversely affected.
- Changes in financial accounting standards or practices may cause adverse, unexpected financial reporting fluctuations and affect our results of operations.
- Changes in tax laws or regulations could have a material adverse effect on our business, results of operations, and financial conditions.
- We may have exposure to greater-than-anticipated tax liabilities, which may materially and adversely affect our business, results of operations, and financial condition.
- Our ability to use our net operating losses and other tax attributes to offset future taxable income may be subject to certain limitations.
- Risks Relating to Intellectual Property
- If we fail to adequately protect our intellectual property rights, our business could be adversely affected and we could incur additional expenses to protect our rights.
- Our use of open source software could adversely affect our ability to sell our products.
- We may be accused of infringing the intellectual property rights of third parties.
- Risks Relating to Ownership of Our Class A Common Stock
- The trading price of our Class A common stock has been and is likely to continue to be volatile, which could cause the value of your investment to decline.
- The dual class structure of our common stock has the effect of concentrating voting control with those stockholders who hold shares of our Class B common stock, including our directors, executive officers, and their affiliates. As a result of the dual class structure of our common stock, the trading price of our Class A common stock may be depressed.
- Our issuance of additional capital stock may dilute your ownership and adversely affect the market price of our Class A common stock.
- We do not intend to pay dividends on our Class A common stock in the foreseeable future and, consequently, the ability of Class A common stockholders to achieve a return on investment will depend on appreciation in the trading price of our Class A common stock.
- Provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current board of directors, and limit the trading price of our Class A common stock.
- Our amended and restated bylaws designate state or federal courts located within the State of Delaware as the exclusive forum for certain litigation that may be initiated by our stockholders, potentially limiting stockholders’ ability to obtain a favorable judicial forum for disputes with us.
- We cannot guarantee that our share repurchase program will enhance long-term stockholder value. Share repurchases could also affect the trading price of our stock and may reduce working capital.
- General Risk Factors
- Unfavorable conditions in the global economy could adversely affect our business and financial results.
Legal proceedings
From time to time, we may be subject to legal proceedings and claims arising in the ordinary course of business. We are currently involved in the following matter:
On December 9, 2024, a putative securities class action lawsuit, captioned Wai v. Marqeta, Inc., et al., Case No. 24-cv-08874 (N.D. Cal.), was filed in federal court in the Northern District of California (“Court”) against the Company and certain of its current and former officers (“Defendants”) alleging violations of federal securities laws. The lawsuit asserts that during the putative class period of between August 7, 2024 and November 4, 2024, Defendants made false or misleading statements relating to the Company’s performance or revenue and gross profit expectations in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
The opening of Item 3, Legal Proceedings.8
Links
- Websitewww.marqeta.com1
- WikidataQ97498243
- SEC EDGARCIK 1522540
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataMarqeta on Wikidata
- 2SEC EDGARMarqeta filings on SEC EDGAR
- 3
- 4Company websiteMarqeta logo
- 5SEC EDGARMarqeta 10-K for fiscal 2025
- 6SEC EDGARMarqeta filings on SEC EDGAR
- 7
- 8
- 9SEC EDGARMarqeta 10-K for fiscal 2019
- 10SEC EDGARMarqeta 10-K for fiscal 2020
- 11SEC EDGARMarqeta 10-K for fiscal 2021
- 12SEC EDGARMarqeta 10-K for fiscal 2022
- 13SEC EDGARMarqeta 10-Q for fiscal 2025
- 14SEC EDGARMarqeta 10-Q for fiscal 2025
- 15SEC EDGARMarqeta 10-Q for fiscal 2026
- 16SEC EDGARMarqeta 10-Q for fiscal 2025
- 17
- 18
- 19
- 20SEC EDGARJason M. Gardner, Chair
- 21
- 22
- 23SEC EDGARPhilip Faix, Chief financial officer
- 24
- 25
- 26
- 27SEC EDGARMichael Milotich, Officer
- 28
- 29SEC EDGARTodd Pollak, Chief Revenue Officer
- 30SEC EDGARCrystal Sumner, Officer
- 31SEC EDGARBrian Kieley, Officer
- 32SEC EDGARDarren Mowry, Chief Revenue Officer
- 33SEC EDGARKevin Doerr, Chief Product Officer
- 34
- 35SEC EDGARRenata Caine, Officer
- 36SEC EDGARSeth R. Weissman, Officer
- 37
- 38SEC EDGARElaine Paul, Board member
- 39SEC EDGARWendy Thomas, Board member
- 40SEC EDGARMichael Milotich, Board member
- 41SEC EDGARAlpesh Chokshi, Board member
- 42SEC EDGARNajuma Atkinson, Board member
- 43SEC EDGARSrikiran Prasad, Board member
- 44SEC EDGARAmy Chang, Board member
- 45SEC EDGARArnon Dinur, Board member
- 46SEC EDGARChristopher McKay, Board member
- 47SEC EDGARGeraldine Elliott, Board member
- 48SEC EDGARGodfrey Sullivan, Board member
- 49SEC EDGARHelen Riley, Board member
- 50SEC EDGARJudson C. Linville, Board member
- 51SEC EDGARMartha Cummings, Board member
- 52SEC EDGARExecutive or director change
- 53SEC EDGARExecutive or director change
- 54SEC EDGARExecutive or director change
- 55
- 56SEC EDGARBylaws or fiscal year changed
- 57SEC EDGARShareholder vote; Other events
- 58SEC EDGARExecutive or director change
- 59SEC EDGARResults of operations
- 60SEC EDGARResults of operations
- 61SEC EDGARExecutive or director change
- 62SEC EDGAROther events
- 63SEC EDGARResults of operations
- 64NasdaqNasdaq calendar
- 65
- 66
- 67
- 68
- 69
- 70
- 71
- 72
- 73
- 74SEC EDGARBlackRock SCHEDULE 13G/A on Marqeta
- 75
- 76SEC EDGARFMR LLC SCHEDULE 13G/A on Marqeta
- 77
- 78
- 79
- 80
- 81
- 82
- 83