Financial Performance And ProfitabilityMQ delivered strong 2Q24 results outperforming expectations with TPV growth of ~32% Y/Y.
Market Position And Growth OpportunitiesMQ is the first U.S. issuer processor certified by Visa to support Visa Flexible Credential, helping consumers use a single card product to toggle between debit, credit, or pay-in-4.
Strategic Partnerships And InnovationThe hiring of a Chief AI Officer and a partnership with Found are expected to help scale Marqeta's AI organization and enhance card program management capabilities.