Marqeta (MQ) Achieves Record $383B TPV in 2025 Driven by Strong European Expansion

Marqeta Inc. (NASDAQ:MQ) is one of the best fintech stocks to invest in. On February 24, Marqeta reported earnings for the full-year 2025, capped by a Q4 where Total Processing Volume/TPV surged 36% year-over-year to $109 billion. Full-year TPV reached $383 billion, an increase of 31% over 2024, driven by expansion in Europe and strong demand for modern card issuing across various use cases. This volume growth pushed annual net revenue to $625 million and gross profit to $437 million, representing year-over-year increases of 23% and 24%, respectively.

Q4 saw Marqeta near GAAP break-even, reporting a net loss of just over $1 million, a 95% improvement compared to the same period in 2024. The company’s CEO highlighted the success of value-added services, which now contribute over 7% of gross profit, and noted that 18 of the company’s top 20 customers have adopted these higher-margin solutions.

For 2026, Marqeta Inc. (NASDAQ:MQ) expects net revenue growth between 12% and 14%, with GAAP net income likely reaching ~$10 million. While the company faces headwinds from Block’s Cash App diversification and tough year-over-year comparisons due to 2025 renewal timing, management is confident in its long-term trajectory as momentum continues with new and expanded use cases, such as a program for Uber drivers in the UK and a new partnership with BNPL provider Four Technologies.

Marqeta Inc. (NASDAQ:MQ) operates a cloud-based open API platform for card issuing and transaction processing services in the US.

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