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Marqeta reported second-quarter 2026 results with net revenue of $176 million and net income of $7.57 million, marking its second consecutive quarter of GAAP profitability. Total processing volume grew 32%. The company issued guidance for slower growth ahead, projecting third-quarter net revenue growth of 6% to 8% and full-year growth of 12% to 13%. Marqeta announced new initiatives including stablecoin-backed card solutions and expanded payment capabilities. Director Najuma Atkinson resigned effective 3 August 2026. Investors face the key question of whether Marqeta can sustain profitability amid decelerating growth and heavy reliance on major customers like Block. Analysts project the company will reach $971.1 million in revenue by 2029, requiring 14.2% annual growth.

Toast payment volume up 22% and other digital transactions news briefs from 8/5/26. * Point-of-sale technology provider Toast Inc. reported gross payment volume of $60.7 billion for the June quarter, up 22% year-over-year, as total locations served also grew 22%, to approximately 180,000. Revenue totaled $290 million, up nearly 28%, with net income totaling $154 million, a 93% rise. Also, BHW Hotels, parent of WorldHotels, Best Western, and SureStay Hotels, endorsed Toast as a POS system for operators of its properties in the United States and Canada. * Card-issuing platform Marqeta Inc. reported second-quarter processing volume rose 32% year-over-year, to $91 billion, while net revenue climbed 17%, to $176 million. The company swung from a loss of $1 million a year ago to $8 million in net income. Marqeta also announced a partnership with fraud-prevention specialist Riskified that will enable Marqeta issuers to use Riskified's pre-authorization risk assessment service. * With approximately 21 weeks left in retiring Sen. Dick Durbin's term, the Democrat from Illinois and backer of the Credit Card Competition Act, which is currently sitting in the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services, continued to argue for the bill during a Senate Judiciary Committee hearing Tuesday. In it, Durbin argued that interchange rates should be disclosed to consumers and that merchants have no choice but to accept the rates. The Merchant Payments Coalition, which represents merchants advocating for lower card processing fees, said the fees are not fair and called for more competition in the payments market. * Point-of-sale system maker NCR Voyix Corp. reported $523 million in second quarter revenue, down 20.8% from $660 million in the year-ago quarter. Net income of $2 million increased from no net income or loss a year prior. * ATM maker and services provider NCR Atleos Corp. reported $1.1 billion in second quarter revenue, flat from the corresponding quarter a year ago. NCR Atleos reported $65 million in net income in the quarter, up 66.7% from $39 million a year ago. * Circle Internet Group Inc. reported June-quarter revenue of $701 million, up 7% year-over-year, while net income registered at $48 million, a swing from a $482 million loss a year ago. USDC - Circle's stablecoin - in circulation reached $73.3 billion at the end of the quarter, up 19% from a year ago. * Nuvei Corp. said its payment acceptance service will be embedded into finance services platform BlackLine, enabling BlackLine users to better manage invoices, payments, and reconciliation. * Varo Bank N.A. launched a fee-free cash deposit service using technology from Green Dot Corp. The service enables Varo Bank's customers to make cash deposits to their accounts at more than 2,000 Kroger grocery store locations.

Marqeta Q2 earnings call highlights. August 4, 2026 Key points. * Marqeta delivered strong second-quarter results: Total processing volume rose 32% year over year to $120 billion, while net revenue and gross profit each increased 17%. The company reported its second consecutive quarter of GAAP profitability, with $8 million in net income and adjusted EBITDA up 31%. * Growth initiatives are expanding beyond traditional card issuance. Marqeta is developing stablecoin-backed cards, additional payment rails, fraud-detection tools and new credit products, while international TPV grew more than 40% and larger enterprise deals increased significantly. * Management expects slower growth in the second half. The outlook reflects softer Cash App card issuance, tougher comparisons and customer volume shifts; full-year guidance calls for 12%-13% net revenue growth and 11%-12% gross profit growth, alongside a new $150 million share-repurchase authorization. * Five stocks we like better than Marqeta. Marqeta NASDAQ: MQ reported second-quarter 2026 results that included 32% growth in total processing volume, 17% growth in net revenue and gross profit, and its second consecutive quarter of GAAP profitability. Management also outlined product expansion initiatives in stablecoin-backed cards, non-card money movement, fraud detection and credit offerings, while forecasting slower top-line growth in the second half of the year. Total processing volume, or TPV, reached $120 billion in the quarter, up 32% from a year earlier. CEO Mike Milotich said this marked the company's fourth consecutive quarter of TPV growth above 30%. Net revenue rose 17% to $176 million, while gross profit increased 17% to $122 million. Adjusted EBITDA grew 31% year over year to $37 million, representing a 21% margin on net revenue. Marqeta generated approximately $8 million in GAAP net income and reported GAAP earnings per share of $0.07, reflecting the company's 1-for-4 reverse stock split that took effect June 30. Customer mix and international expansion. CFO Patti Kangwankij said non-Block TPV continued to grow more than twice as fast as Block TPV. Block represented 41% of Marqeta's net revenue during the quarter, down one percentage point sequentially and five percentage points from a year earlier. Management said it began to see a modest decline in new Cash App card issuance late in the quarter, an outcome it had incorporated into its outlook. Milotich said Marqeta began seeing the decline around mid-June and estimated that new issuance was roughly 10% lower than it otherwise would have been at that point. The company expects the shift to continue over the next several months, with Marqeta potentially receiving little to no new issuance by year-end. Milotich emphasized that Marqeta continues to onboard Cash App users for both the established card program and Cash App's flexible credential offering. He also said Block remains a growing partner across Cash App, Square, Afterpay and other initiatives, while noting that provider diversification is a common practice among large customers. International volume grew more than 40% year over year and represented 20% of total TPV in the quarter, according to Kangwankij. Marqeta highlighted its European expansion following its 2025 acquisition of TransactPay, including a partnership with Banking Circle that extends account and money-movement capabilities into 30 additional European countries. Expensify also expanded its expense-management card offering from the U.S. into the U.K. and European Union using Marqeta's TransactPay capabilities, Milotich said. Product expansion includes stablecoins and additional payment rails. Marqeta announced partnerships with zerohash and BVNK to support stablecoin-backed card programs. Under the arrangement, the partners will provide infrastructure including custody, compliance, liquidity and on-chain money movement, while Marqeta will provide card issuance and manage bank and card-network relationships. Discover more EV Market Report MarketBeat All Access The company said the offerings are intended to allow users to make purchases using stablecoin balances through established card rails. Milotich said interest is coming from businesses with payout needs, companies moving money across geographies, and platforms considering multinational banking-like services. He characterized the market as early, noting that only a limited number of such programs are live today. Marqeta is also participating in Open USD, an open stablecoin standard. In addition, the company is expanding access to payment methods beyond cards, including ACH, real-time payments, push-to-card transactions and wires in the U.S., U.K. and European Union. Its Real-Time Decisioning fraud product delivered more than 80% gross profit growth in the first half, Milotich said. Marqeta is incorporating transaction information from partners including Adyen, Riskified and Signifyd, such as device, location, order and account data, into its fraud detection capabilities. Large enterprise deals and new credit programs. Marqeta said the average size of deals signed in the second quarter increased more than 90% year over year. Milotich attributed the increase to the company's move upmarket as larger enterprises seek to embed financial services into their established customer bases. The company cited a Fortune 500 customer that initially signed with Marqeta in the third quarter of 2025 and added a second program in the latest quarter. The new program is designed to provide stored-value accounts and linked debit cards for individuals in payroll programs serving small and medium-sized businesses. Marqeta also signed a customer that plans to migrate an existing program to the company's platform. The customer serves film and television production companies with payments and expense-management tools. Looking ahead, Milotich said Marqeta expects three credit programs to launch over the next several quarters: a revolving consumer co-brand credit program, a secured consumer credit-building product combined with buy now, pay later functionality, and a commercial charge-card program. He also identified Europe and value-added services as additional long-term growth opportunities. Outlook reflects second-half headwinds. For the third quarter, Marqeta expects net revenue growth of 6% to 8% and gross profit growth of 5% to 7%. The company expects adjusted EBITDA growth of 20% to 25%, with GAAP net income in the low- to mid-single-digit millions. Kangwankij said the anticipated gross-profit growth deceleration from the second quarter reflects several factors, including the timing of a large renewal, lapping the TransactPay acquisition, more difficult comparisons in lending and buy now, pay later, and the expected diversification of Cash App new issuance. Management also cited a customer-specific development in which a buy now, pay later customer is load balancing certain single-use virtual-card volume among providers while using Marqeta for flexible credentials. Marqeta still expects lending and buy now, pay later TPV to grow more than 30% in the second half, according to management. For the full year, Marqeta narrowed its outlook to 12% to 13% net revenue growth and 11% to 12% gross profit growth. The company raised its adjusted EBITDA outlook to growth in the low 30% range and now expects GAAP net income in the high-$20 million range. Marqeta ended the quarter with $700 million in cash and short-term investments and said its board approved a new $150 million share-repurchase authorization on Aug. 3. About Marqeta (NASDAQ:MQ). Marqeta is a modern card issuing and payment processing platform that enables businesses to design, launch and manage customized payment cards. The company offers a fully programmable open API that allows clients to create virtual, physical and tokenized payment cards with real-time transaction controls and dynamic spend limits. By leveraging Marqeta's infrastructure, companies can streamline their payment operations, reduce time to market and deliver tailored payment experiences to end consumers. Founded in 2010 and headquartered in Oakland, California, Marqeta was established by CEO Jason Gardner with the goal of transforming traditional card issuance through cloud-native technology. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Marqeta, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marqeta wasn't on the list. While Marqeta currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys. 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