But on that, they generated a $132 million of revenue, so not a high-margin business. Granted, that's not the best comparison to the third quarter of 2020, when the pandemic still had most things shut down. We saw that headline and I got to admit, I got a little bit excited there.įrankel: There's a lot of possibilities, I think right now they're just kind of using it to issue debit cards, I think, to some of their customers.įrankel: But there's a lot of different adjacent opportunities with they can pursue.įrankel: One thing people need to know, this is a big, high-volume business.įrankel: Annualized payment volume surpassed $100 billion in this quarter, $27.6 billion in payment volume on their cards, that's up 60% year-over-year. Another favorite of ours here on the show (NYSE: BILL). Matt Frankel: Did you see who their newest big customer was in the last quarter? It's one of your favorites also. In this past quarter, it looked to me like they took another step in that direction. It does feel like there's a lot of potential here, but they certainly need to prove themselves.
I own shares of Marqeta myself, but it's one that I think really plays into that whole idea of expanding digital payments. Ultimately helping customers like Square (NYSE: SQ), Affirm (NASDAQ: AFRM), DoorDash (NYSE: DASH), Instacart create customized payment card programs for their businesses. They are in card issuing and processing and really focused on being the modern issuer. Jason Moser: Recent IPO, but another really interesting business. *Stock Advisor returns as of November 10, 2021 wasn't one of them! That's right - they think these 10 stocks are even better buys. They just revealed what they believe are the ten best stocks for investors to buy right now. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
When our award-winning analyst team has a stock tip, it can pay to listen. 15, contributor Matt Frankel and Industry Focus host Jason Moser discuss the numbers and what investors should keep in mind going forward.ġ0 stocks we like better than Marqeta, Inc. In this Fool Live video clip, recorded on Nov. Not only that, but the latest earnings from the card payment specialist look very strong. Marqeta (NASDAQ: MQ) hasn't been a public company for very long, but the early results are impressive.
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