Marqeta Q2 Revenue Beats, Launches $150M Buyback, Guides 6-8% Q3 Growth
MQ sits 27% above its 52-week low of $14.8 on elevated volume (2.1× avg).
Summary
Marqeta delivered a clean Q2 beat: revenue of $176M topped the $173.35M consensus, and adjusted EBITDA of $37.42M crushed the $32.15M estimate. Total processing volume drove the 17% revenue growth, though program mix partially offset it. The company also authorized a new $150M share repurchase program, adding to the existing buyback that already returned $39.1M in Q1. Q3 guidance calls for 6-8% net revenue growth and 5-7% gross profit growth, with full-year adjusted EBITDA growth in the low 30s%. This follows the 1-for-4 reverse split completed July 1 and the return to GAAP profitability in Q1. The stock, recently at $18.81, trades at 56x forward earnings — a sharp compression from 114x three months ago — and the new buyback signals management sees value here.
At the time of this announcement, MQ was trading at $18.81 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $14.80 to $28.16. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.