---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-037363"
form_type: "8-K"
ticker: "MQ"
cik: "0001522540"
company_name: "Marqeta, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:50:30.097720+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marqeta Q3 net revenue down 43% to $109M; TPV up 33% to $57B

## Summary
- Net revenue $108.9M, down 43% YoY; gross profit $72.5M, down 9% YoY; gross margin expanded to 67% from 42%.
- Total processing volume $57B, up 33% YoY, driven by volume growth across use cases.
- GAAP net loss $55.0M ($0.10 per share); Adjusted EBITDA loss of $2M.
- Extended Block contracts: Square Debit and Cash App both through June 2028; default issuer processor outside US.
- Launched new credit platform for consumer and commercial credit card programs.

## SEC filing metadata
- accession: 0001628280-23-037363
- form_type: 8-K
- ticker: MQ
- cik: 0001522540
- company_name: Marqeta, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1522540/000162828023037363/0001628280-23-037363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522540/000162828023037363/mq-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-037363
- JSON: https://secwatch.observer/filing/0001628280-23-037363.json
- Plain text: https://secwatch.observer/filing/0001628280-23-037363.txt

## Key facts
- Earnings Releases
  Marqeta, Inc. reported third quarter ended September 30, 2023 results: revenue $109 million, net income $55 million.
  - Period: third quarter ended September 30, 2023
  - Revenue: $109 million
  - Net income: $55 million
  - Result: reported results
  source text: Marqeta reported net revenue of $109 million, a decrease of 43% year over year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1522540/000162828023037363/0001628280-23-037363-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.