Form 10-Q Marqeta, Inc. For: Jun 30

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Go back to Form 10-Q Marqeta, Inc. For: Jun 30

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