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Marqeta Valuation Multiples
Discover revenue and EBITDA valuation multiples for Marqeta and similar public comparables like Evertec, Alkami Technology, Computer Age Management Services, Isracard and more.
Marqeta Overview
About Marqeta
Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company’s open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.
Founded
2010
HQ
Employees
938
Website
Financials (LTM)
EV
$1B
Marqeta Financials
Marqeta reported last 12-month revenue of $650M and EBITDA of $118M.
In the same LTM period, Marqeta generated $453M in gross profit, $118M in EBITDA, and had net loss of ($8M).
Revenue (LTM)
Marqeta P&L
In the most recent fiscal year, Marqeta reported revenue of $625M and EBITDA of $110M.
Marqeta expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $650M | XXX | $625M | XXX | XXX | XXX |
| Gross Profit | $453M | XXX | $437M | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | 70% | XXX | XXX | XXX |
| EBITDA | $118M | XXX | $110M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | (6%) | XXX | (7%) | XXX | XXX | XXX |
| Net Profit | ($8M) | XXX | ($14M) | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | (2%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Marqeta Stock Performance
Marqeta has current market cap of $2B, and enterprise value of $1B.
Market Cap Evolution
Marqeta's stock price is $4.38.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $2B | 0.0% | XXX | XXX | XXX | $-0.03 |
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Start Free TrialMarqeta Valuation Multiples
Marqeta trades at 1.7x EV/Revenue multiple, and 9.5x EV/EBITDA.
EV / Revenue (LTM)
Marqeta Financial Valuation Multiples
As of April 20, 2026, Marqeta has market cap of $2B and EV of $1B.
Equity research analysts estimate Marqeta's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Marqeta has a P/E ratio of (248.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 9.5x | XXX | 10.2x | XXX | XXX | XXX |
| EV/EBIT | (28.2x) | XXX | (24.0x) | XXX | XXX | XXX |
| EV/Gross Profit | 2.5x | XXX | 2.6x | XXX | XXX | XXX |
| P/E | (248.4x) | XXX | (134.4x) | XXX | XXX | XXX |
| EV/FCF | 5.1x | XXX | 4.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Marqeta Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Marqeta Margins & Growth Rates
Marqeta's revenue in the last 12 month grew by 14%.
Marqeta's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.5M for the same period.
Marqeta's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Marqeta's rule of X is 53% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Marqeta Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 26% | XXX | 24% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 53% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 59% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 77% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Marqeta Public Comps
See public comps and valuation multiples for other Payment Infrastructure and Embedded Finance comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Marqeta | XXX | XXX | XXX | XXX | XXX | XXX |
| Evertec | XXX | XXX | XXX | XXX | XXX | XXX |
| Alkami Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Computer Age Management Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Isracard | XXX | XXX | XXX | XXX | XXX | XXX |
| Optasia | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Marqeta M&A Activity
Marqeta acquired XXX companies to date.
Last acquisition by Marqeta was on XXXXXXXX, XXXXX. Marqeta acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Marqeta
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMarqeta Investment Activity
Marqeta invested in XXX companies to date.
Marqeta made its latest investment on XXXXXXXX, XXXXX. Marqeta invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Marqeta
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Marqeta
| When was Marqeta founded? | Marqeta was founded in 2010. |
| Where is Marqeta headquartered? | Marqeta is headquartered in United States. |
| How many employees does Marqeta have? | As of today, Marqeta has over 938 employees. |
| Who is the CEO of Marqeta? | Marqeta's CEO is Michael Milotich. |
| Is Marqeta publicly listed? | Yes, Marqeta is a public company listed on Nasdaq. |
| What is the stock symbol of Marqeta? | Marqeta trades under MQ ticker. |
| When did Marqeta go public? | Marqeta went public in 2021. |
| Who are competitors of Marqeta? | Marqeta main competitors are Evertec, Alkami Technology, Computer Age Management Services, Isracard. |
| What is the current market cap of Marqeta? | Marqeta's current market cap is $2B. |
| What is the current revenue of Marqeta? | Marqeta's last 12 months revenue is $650M. |
| What is the current revenue growth of Marqeta? | Marqeta revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Marqeta? | Current revenue multiple of Marqeta is 1.7x. |
| Is Marqeta profitable? | Yes, Marqeta is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Marqeta? | Marqeta's last 12 months EBITDA is $118M. |
| What is Marqeta's EBITDA margin? | Marqeta's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Marqeta? | Current EBITDA multiple of Marqeta is 9.5x. |
| What is the current FCF of Marqeta? | Marqeta's last 12 months FCF is $217M. |
| What is Marqeta's FCF margin? | Marqeta's last 12 months FCF margin is 33%. |
| What is the current EV/FCF multiple of Marqeta? | Current FCF multiple of Marqeta is 5.1x. |
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