Marqeta reports Q4 EPS (8c), consensus (8c)

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.”