---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-035613"
form_type: "8-K"
ticker: "MQ"
cik: "0001522540"
company_name: "Marqeta, Inc."
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:43:19.367494+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Marqeta Q2 2024: Net revenue down 46% to $125M, TPV up 32% to $71B

## Summary
- Total Processing Volume $71B (+32% YoY); Net Revenue $125M (-46% YoY) with 60ppt impact from Cash App contract change.
- Gross Profit $79M (-6% YoY); GAAP Net Income $119M ($0.23 EPS) includes $158M one-time benefit from forfeited Executive Chairman award.
- Adjusted EBITDA negative $2 million; cash app contract comparison impact ends after this quarter.
- Signed 5-year deal with Varo Bank, became first US issuer-processor certified for Visa Flexible Credential with Affirm, and signed Zoho.
- Gross margin improved to 63% from 37% a year ago, up 26 percentage points.

## SEC filing metadata
- accession: 0001628280-24-035613
- form_type: 8-K
- ticker: MQ
- cik: 0001522540
- company_name: Marqeta, Inc.
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1522540/000162828024035613/0001628280-24-035613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1522540/000162828024035613/mq-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-035613
- JSON: https://secwatch.observer/filing/0001628280-24-035613.json
- Plain text: https://secwatch.observer/filing/0001628280-24-035613.txt

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