---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007593"
form_type: "8-K"
ticker: "MQ"
cik: "0001522540"
company_name: "Marqeta, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:41:43.683932+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marqeta Q4 net revenue down 42% YoY to $119M; GAAP net loss $40M; TPV up 33% to $62B

## Summary
- Q4 net revenue $118.8M, down 42% YoY, with 59 ppt negative impact from Cash App contract renewal.
- GAAP net loss $40.4M ($0.08/share) vs $26.3M loss a year ago; Adjusted EBITDA income of $3M.
- Full-year 2023 net revenue $676M (-10% YoY); GAAP net loss $223M; adjusted EBITDA loss $2M.
- TPV $62B in Q4 (+33% YoY) and $222B for full year (+34% YoY); gross profit $83M in Q4 (-4% YoY).
- Announced first credit card deals: ITS for T&E card and Affinipay/LawPay revolving credit card.

## SEC filing metadata
- accession: 0001628280-24-007593
- form_type: 8-K
- ticker: MQ
- cik: 0001522540
- company_name: Marqeta, Inc.
- filed_at: 2024-02-28T23:59:59+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/1522540/000162828024007593/0001628280-24-007593-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522540/000162828024007593/mq-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007593
- JSON: https://secwatch.observer/filing/0001628280-24-007593.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007593.txt

## Key facts
- Earnings Releases
  Marqeta, Inc. reported the quarter and full year ended December 31, 2023 results: revenue $119 million, net income GAAP net loss of $40 million, EPS $(0.08).
  - Period: the quarter and full year ended December 31, 2023
  - Revenue: $119 million
  - Net income: GAAP net loss of $40 million
  - EPS: $(0.08)
  - Result: reported results
  source text: FULL YEAR 2023 FINANCIAL RESULTS The global modern card issuing platform had $62 billion in fourth quarter total processing volume, up 33 percent year-over-year, and generated $119 million in fourth quarter net revenue. The Company's annual total processing volume was up 34 percent year-over-year to $222 billion, generating $676 million in annual revenue. OAKLAND,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1522540/000162828024007593/0001628280-24-007593-index.htm

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