Marqeta Inc. (NASDAQ: MQ)
Software - Infrastructure · Oakland, CA, United States · Founded 2010
- Market capitalization: $3.0 billion
- Annual revenue: $0.62 billion
- Net income: $-0.01 billion
- Employees: 700
- Sector: Technology
- Headquarters: Oakland, United States
- Founded: 2010
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Marqeta is a card-issuing platform that lets companies create and manage payment cards through APIs. They power the cards for Square (Block), DoorDash, Affirm, and many other fintechs. If a tech company issues a debit or prepaid card, there's a good chance Marqeta is behind it.
Revenue from processing fees on card transactions — Marqeta earns a small percentage of every swipe on cards they issue. The platform model means they don't take credit risk; they just provide the infrastructure. Block (Square) is by far their largest customer, which is both a strength and a concentration risk.
Founded in 2010 by Jason Gardner in Oakland, California, Marqeta went public in 2021. The company has been the infrastructure behind the fintech card boom. Block's Cash App card is their largest program, accounting for a significant majority of revenue.
| Market Capitalization | $3.0B |
| Annual Revenue | $0.62B |
| Net Income | $-0.01B |
| Profit Margin | -2% |
| Revenue per Employee | $885714K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | MQ |
Financial data is approximate and based on most recent annual filings.
Block accounts for roughly 70% of Marqeta's revenue — an extreme customer concentration that makes investors nervous. Marqeta's platform can issue a virtual card in milliseconds, enabling real-time expense management and instant payouts.
Marqeta built essential fintech infrastructure, but the Block concentration is a real risk. Diversifying the customer base is job number one.
What is Marqeta Inc.'s revenue?
Marqeta Inc. generates approximately $0.62 billion in annual revenue.
How many employees does Marqeta Inc. have?
Marqeta Inc. employs approximately 700 people worldwide.
What is Marqeta Inc.'s market cap?
Marqeta Inc. (MQ) has a market capitalization of approximately $3.0 billion on the NASDAQ.
When was Marqeta Inc. founded?
Marqeta Inc. was founded in 2010 and is headquartered in Oakland, CA, United States.
Who is the CEO of Marqeta Inc.?
Simon Khalaf is the current CEO of Marqeta Inc..
What is Marqeta Inc.'s website?
Marqeta Inc.'s official website is marqeta.com.
| CEO | Simon Khalaf |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Founded | 2010 |
| HQ | Oakland, CA |
| Country | United States |
| Website | marqeta.com |
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