Recent Updates — MQ
Marqeta, Inc. announced on August 25, 2026, the appointment of Eugenia Gibbons as Chief Product Officer, effective August 31, 2026. Gibbons joins from Intuit, where she served as General Manager of the Consumer Money Business since April 2025. Her compensation package includes a $475,000 annual base salary, a sign-on bonus of $250,000, Restricted Stock Units valued at approximately $8,075,000 vesting over three years, and Performance Stock Units estimated at $1,425,000. Marqeta operates in the financial technology industry, providing a modern card issuing platform that enables businesses to build and embed financial services.
Marqeta, Inc. announced that Sarah Barkema resigned as Chief Accounting Officer and Senior Vice President of Finance effective August 21, 2026. The departure was voluntary and not due to disagreements regarding financial statements or internal controls. Patti Kangwankij, the current Chief Financial Officer, will assume the role of principal accounting officer on an interim basis while the company searches for a permanent replacement. Marqeta operates in the fintech industry, providing payment processing infrastructure and card issuing solutions.
Marqeta, Inc. announced that Sarah Barkema resigned as Chief Accounting Officer and Senior Vice President of Finance effective August 21, 2026. The departure was voluntary and not due to disagreements regarding financial statements or internal controls. CFO Patti Kangwankij will assume the role of principal accounting officer while the company searches for a permanent replacement. Marqeta operates in the fintech industry, providing payment processing infrastructure and card issuance solutions.
Marqeta reported Q2 2026 Net Revenue of $176 million and GAAP Net Income of $8 million, marking its second consecutive quarter of profitability. Total Processing Volume grew 32% year-over-year to $120 billion, while Adjusted EBITDA increased 31% to $37 million. The Board authorized a new $150 million share repurchase program effective August 3, 2026, distinct from the completed December 2025 program. Additionally, Director Najuma Atkinson resigned from the Board effective August 3, 2026. Marqeta operates in the financial technology industry, providing a modern card issuing platform for global payment processing.
Marqeta, Inc. filed certificates of amendment to its Certificate of Incorporation to provide for officer exculpation and effect a 1-for-4 reverse stock split. These changes were approved by stockholders at the Annual Meeting of Stockholders held on June 10, 2026. Marqeta, Inc. operates in the fintech sector as a provider of modern card issuing and payment processing solutions.
At the 2026 Annual Meeting of Stockholders, Marqeta, Inc. stockholders voted to approve an amendment to the Certificate of Incorporation to effect a 1-for-4 reverse stock split of the Company's Common and Preferred Stock. The Company expects to file a certificate of amendment to effect the split, with an expected filing date no later than June 30, 2026. Marqeta, Inc. is a fintech company that provides modern card issuing and cardholder management platform solutions.