Reports Q4 revenue $118.82M, consensus $110.65M. Total processing volume was $62B for the quarter, representing a 33% year-over-year increase, and TPV was $222B for the full 2023 fiscal year, an annual increase of 34%. The company said, “2023 was transformative for Marqeta, as we enhanced our platform with new credit card program management capabilities, renewed the large majority of our processing volume to longer term deals, and delivered on operating efficiency. We are entering 2024 with a best-in-class product set, continued growth in Fintech, and exciting opportunities in embedded finance.”
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MQ: