Marqeta (MQ) Shares Up 18% Following 'Marqedly' Strong Q4 Results and Guidance

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Go back to Marqeta (MQ) Shares Up 18% Following 'Marqedly' Strong Q4 Results and Guidance

Marqeta Reports Strong Fourth Quarter and Full Year 2021 Financial Results, Highlighting Accelerated Growth Rates

March 9, 2022 4:05 PM EST

The global modern card issuing platform generated $155 million in fourth quarter net revenue, up 76 percent year-over-year, alongside $33 billion in fourth quarter total processing volume, also a 76 percent increase.

The company also generated $517 million in annual revenue, up 78 percent from 2020, with annual total processing volume up 85 percent year-over-year to $111 billion.

OAKLAND, Calif.--(BUSINESS WIRE)-- Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the fourth quarter and full year ended December 31, 2021.

Total processing volume (TPV) was... More