Want to see MQ full AI Analyst Report?
Total Processing Volume
Measures the dollar value of payments processed through Marqeta’s platform, a direct indicator of customer usage and network scale. Rising TPV signals stronger adoption and more opportunity to monetize, while slowing TPV points to demand weakness. Comparing revenue to TPV (revenue per dollar processed) shows how effectively Marqeta is converting volume into revenue; big customers or seasonal swings can lift TPV without a matching revenue increase if pricing or mix changes.TPV has moved from steady growth to clear acceleration over the last two years, driven by fast‑growing lending/BNPL, international wins and customer product adoption, and that scale is now translating into revenue and margin leverage (management achieved GAAP profitability and raised adjusted‑EBITDA guidance). Key risks that could blunt take‑rate and near‑term profit momentum are declining Cash App issuance and tough BNPL comps, but expanding non‑Block volume and diversified use cases make the growth more sustainable than past concentration implied.
Date | Total Processing Volume |
|---|---|
Jun 30, 2026 | $120.42B |
Mar 31, 2026 | $112.00B |
Dec 31, 2025 | $109.00B |
Sep 30, 2025 | $98.00B |
Jun 30, 2025 | $91.00B |
Mar 31, 2025 | $84.00B |
Dec 31, 2024 | $80.00B |
Sep 30, 2024 | $74.00B |
Jun 30, 2024 | $71.00B |
Mar 31, 2024 | $67.00B |