Marqeta, Inc. has announced its financial results for the third quarter of 2026, revealing impressive growth metrics that underscore the company's robust performance in the prepackaged software industry. The report, filed on November 3, 2026, highlights a 29% increase in Total Processing Volume (TPV) and a 7% growth in Gross Profit compared to the same quarter last year.

For the quarter ending September 30, 2026, Marqeta reported a TPV of $126 billion, with net revenue reaching $176 million. The company also achieved a GAAP net income of $115 million, which includes a significant non-cash income tax benefit. Adjusted EBITDA was reported at $39 million, reflecting a 28% year-over-year increase.

Mike Milotich, CEO of Marqeta, emphasized the company's ongoing commitment to enhancing its platform, stating, "Our third quarter results demonstrate the durable, differentiated business Marqeta is building, as well as our focus on enhancing the platform that customers trust to build and scale their payment programs." He noted that the TPV surpassed a $500 billion annualized run rate for the first time, marking a significant milestone for the company.

Marqeta's recent achievements include the launch of several innovative payment programs. The company has enabled Square's credit card on the American Express Network, expanded its collaboration with Google for a new offering in Google Wallet for kids, and partnered with Satispay to launch a consumer debit card program in Italy. Additionally, Marqeta is working with Coinbase to provide a unified platform for payment offerings across fiat and digital asset markets.

Founded in 2010, Marqeta, Inc. operates under the SIC code 7372, which pertains to services in prepackaged software. The company is publicly traded on the Nasdaq under the ticker symbol MQ. Marqeta has established itself as a leader in modern card issuing, offering a platform that supports various payment solutions for businesses worldwide.

The filing, accession number 0001522540-26-000076, indicates that Marqeta is committed to maintaining its competitive edge in the industry by continuously innovating and expanding its service offerings. This growth trajectory may prompt competitors to enhance their own platforms and services to keep pace with Marqeta's advancements.

Looking ahead, the filing does not specify what actions Marqeta will take next, but the company’s current momentum suggests that it will continue to pursue new partnerships and expand its capabilities in the evolving payments landscape.