> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Marqeta Posts Record Adjusted EBITDA in Q3 2025 as Total Processing Volume Rises 33%
- URL: https://www.theglobalbanker.com/marqeta-q3-2025-results-record-ebitda-tpv-surges-33-percent/
- Published: 2025-11-05T21:30:00.000Z
- Updated: 2026-10-02T14:19:02.000Z
- Description: Marqeta reported Q3 2025 total processing volume of $98 billion, up 33% year-on-year, with net revenue of $163 million and a record adjusted EBITDA of $30 million.
- Author: TGB Editorial Team
- Tags: Fintech, Americas, #archive

Marqeta delivered a record adjusted EBITDA quarter in the three months to September 2025, reporting total processing volume of 98 billion US dollars, a 33 per cent increase year-on-year, alongside net revenue of 163 million dollars, which was 28 per cent higher than the same period in 2024\. Adjusted EBITDA at the California-based card-issuing platform reached 30 million dollars, a 19 per cent margin and its highest quarterly figure since its public listing.

#### PROFIT AND LOSS

Gross profit for the quarter reached 115 million dollars, up 27 per cent year-on-year, with gross margin steady at 70 per cent.

Marqeta's GAAP net loss narrowed to 4 million dollars in the quarter, compared with a loss of 29 million dollars in the same period of 2024\. The quarter's net loss included a non-recurring litigation expense of 4.3 million dollars.

#### FOURTH-QUARTER GUIDANCE

Looking to the fourth quarter of 2025, Marqeta guided for net revenue growth of between 22 and 24 per cent year-on-year. That range compares with the 28 per cent growth recorded in Q3.

Marqeta's processing platform is used by a range of fintech companies and financial institutions to issue physical and virtual payment cards, manage spend controls, and process transactions in real time. 

The Q3 2025 results were published on 5 November 2025\.