Marqeta Reports Second Quarter 2023 Financial Results, Announces Four Year Extension to Cash App Contract

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Go back to Marqeta Reports Second Quarter 2023 Financial Results, Announces Four Year Extension to Cash App Contract

Marqeta (MQ) jumps following results and Cash App deal that removes 'significant overhang'

August 9, 2023 7:29 AM EDT

Shares of Marqeta, Inc. (NASDAQ: MQ) rose 19% in pre-open trading Wednesday after posting solid second quarter results and securing a four-year contract extension with Block's (NYSE: SQ) Cash App.

Revenue for the card issuing platform rose 24% to $231 million, while total processing volume rose 33% to $54 billion. The revenue number... More