Marqeta, Inc. reported financial results for the third quarter ended September 30, 2026, posting Net Revenue of $176 million, a 8% year-over-year increase, and Gross Profit of $122 million. Total Processing Volume (TPV) grew 29% to $126 billion. The company reported GAAP Net Income of $115 million, driven by a $107 million discrete non-cash income tax benefit from the release of valuation allowances on deferred tax assets; excluding this item, core earnings were lower but Adjusted EBITDA rose 28% to $39 million. The company provided Q4 2026 guidance for Net Revenue growth of 3-5% and Gross Profit growth of 5-7%. Marqeta operates a global modern card issuing platform that enables payments innovation through enterprise-grade infrastructure.
