Marqeta posts strong Q1 with 33% TPV growth and first positive net income quarter.

Marqeta reported a strong first quarter with a 33% growth in total payment volume (TPV), 19% increases in net revenue and gross profit, and a 66% rise in EBITDA. The company achieved a milestone by generating positive net income of $8 million on an operating basis for the first time. Additionally, Marqeta secured new customer wins, including geographic expansions and new product offerings in credit and debit, and began processing for a major U.S. financial institution. The results met expectations with no surprises, indicating solid business momentum.