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Marqeta (MQ) guidance and outlook

Marqeta (MQ) initiated its guidance on Nov 3, 2026: Gross profit +5% to +7% for Q4 2026; Gross profit +11% to +12% for FY2026. Marqeta's 10-Q filed Nov 3, 2026 makes 14 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Nov 3, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 3, 2026

• We estimate and recognize network incentives based on the cumulative incentive rate we expect to earn over the annual measurement period.
• We estimate the cumulative incentive rates based on our forecasts for the annual measurement periods, which incorporates both historical experience and our expectations of future events, in addition to other qualitative considerations.
• We had cumulative U.S. pre-tax book income, adjusted for permanent book-tax differences, over the twelve-quarter period ended September 30, 2026, and expect to continue to sustain this profitability position for the foreseeable future.
• After evaluating all available positive and negative evidence, including this cumulative profitability and anticipated future earnings, we concluded that it is more-likely-than-not that the U.S. federal and certain states’ deferred tax assets are realizable as of September 30, 2026.
• We expect cash taxes to remain below book income tax expense as we utilize net operating loss and tax credit carryforwards, subject to applicable limitations.
• We will continue to assess all available evidence each reporting period.
• In evaluating these non-GAAP measures, note that we will likely incur expenses in the future similar to the adjustments in the presentation of our non-GAAP measures set forth under “Key Operating Metric and Non-GAAP Financial Measures”.
• The timing and total amount of any stock repurchases will be determined at management's discretion and depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices and other considerations.
• The execution of the repurchase program will be consistent with the Company's capital allocation strategy, which prioritizes investments to grow the business.
• We plan to allocate cash to support ongoing business investments, infrastructure enhancements, and non-cancellable purchase commitments with cloud-computing service providers and certain Issuing Banks.
• After evaluating all available positive and negative evidence, including anticipated future earnings, we concluded that it is more-likely-than-not that the U.S. federal and certain states’ deferred tax assets are realizable.
• We continue to maintain a valuation allowance of $11.0 million against our California R&D credits, as we believe it is more-likely-than-not that these deferred tax assets will not be realizable.

Marqeta's latest quarter

Questions

Did Marqeta raise or lower its guidance?

Marqeta (MQ) initiated its guidance on Nov 3, 2026: Gross profit +5% to +7% for Q4 2026; Gross profit +11% to +12% for FY2026.

What does Marqeta expect?

We estimate and recognize network incentives based on the cumulative incentive rate we expect to earn over the annual measurement period. We estimate the cumulative incentive rates based on our forecasts for the annual measurement periods, which incorporates both historical experience and our expectations of future events, in addition to other qualitative considerations. We had cumulative U.S. pre-tax book income, adjusted for permanent book-tax differences, over the twelve-quarter period ended September 30, 2026, and expect to continue to sustain this profitability position for the foreseeabl

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.