Marqeta, Inc. (MQ)

Nasdaq · Common Stock · Services-Prepackaged Software

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

11 entities across 8 jurisdictions, 4 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-24 — see the exhibit.

Which other public companies file entities in the same places:

United Kingdom2 Gibraltar2 Malta2 Australia1 Brazil1 Poland1 Singapore1 Canada1

Subsidiaries of Marqeta, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Marqeta Australia Pty Ltd	Australia
Marqeta do Brasil Processadora e Servicos LTDA	Brazil
Marqeta sp. z.o.o.	Poland
Marqeta Singapore Pte. Ltd.	Singapore
Marqeta UK Ltd	United Kingdom
Ontario Inc.	Canada
Transact Payments Limited	Gibraltar	offshore centre
Transact Payments Services Group Limited	Gibraltar	offshore centre
Transact Payments Services Limited UK	United Kingdom
Transact Payments Malta (Holdings) Limited	Malta	offshore centre
Transact Payments Malta Limited	Malta	offshore centre

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

FAILReturn on assets positiveROA -0.9%
PASSOperating cash flow positiveOCF 163M
FAILReturn on assets improving1.9% → -0.9%
PASSCash flow exceeds earningsOCF 163M vs NI -14M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving3.37 → 1.65
PASSNo share dilution519M → 462M shares
PASSGross margin improving69.4% → 70.0%
PASSAsset turnover improving0.35× → 0.41×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$290.3M	−$47.7M	$47.9M	40.6%	122,932,556
FY2021	$517.2M	−$163.9M	$54.2M	44.8%	362,756,466
FY2022	$748.2M	−$184.8M	−$15.3M	42.8%	545,397,254
FY2023	$676.2M	−$223.0M	$20.3M	48.7%	532,540,175
FY2024	$507.0M	$27.3M	$55.8M	69.4%	518,845,000
FY2025	$624.9M	−$13.9M	$160.8M	70.0%	462,168,000

Ownership flow

12 institutions tracked — 6 added, 6 reduced, 3 sold out. Index money added 451,053 shares while active managers cut 4,969,119.

Institutional holders of Marqeta, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	45,481,645	−7,668,841	$184.7M
Capital World Investors	Active fund	11,124,016	+4,994,641	$45.2M
CITADEL ADVISORS LLC	Hedge fund	167,900	−3,787,585	$681,674
WELLINGTON MANAGEMENT GROUP LLP	Active fund	13,887,312	+3,727,289	$56.4M
Point72 Asset Management, L.P.	Hedge fund	964,280	−1,186,211	$3.9M
MORGAN STANLEY	Active fund	1,310,610	−1,064,489	$5.3M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	12,419,532	+839,244	$50.4M
BANK OF AMERICA CORP /DE/	Active fund	1,889,746	−778,196	$7.7M
BlackRock, Inc.	Index	27,455,536	+189,933	$111.5M
STATE STREET CORP	Index	9,399,935	+164,851	$38.2M
GEODE CAPITAL MANAGEMENT, LLC	Index	9,466,543	+96,269	$39.6M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	821,894	−44,971	$3.3M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $39.2M
2025Q1: $111.3M
2024Q1: $33.7M
2023Q1: $21.8M
2022Q1: $0

Identity

CIK: 0001522540
LEI: 254900UZARK0FMZGZE18
FIGI: BBG0112Z87D8
SIC: 7372 · Services-Prepackaged Software
Headquarters: OAKLAND, CA

Ownership

Institutional: 57.1%
Institutions: 216
Insiders: 3.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-prepackaged software companies

Marqeta, Inc. files under SIC 7372 — all 91 services-prepackaged software companies compared on assets and F-score.

MICROSOFT CORPMSFT Salesforce, Inc.CRM CoreWeave, Inc.CRWV SYNOPSYS INCSNPS Block, Inc.XYZ INTUIT INC.INTU

Questions about Marqeta, Inc.

How many subsidiaries does Marqeta, Inc. file with the SEC?: 11, listed in its most recent exhibit 21. They are incorporated across 8 jurisdictions, led by Australia, Brazil, Poland. 4 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Marqeta, Inc. financially healthy?: Marqeta, Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Marqeta, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are PRICE T ROWE ASSOCIATES INC /MD/ (trimming), BlackRock, Inc. (adding), WELLINGTON MANAGEMENT GROUP LLP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

11 entities across 8 jurisdictions, 4 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-24 — see the exhibit.

Entity

Jurisdiction

Note

Marqeta Australia Pty Ltd

Australia

Marqeta do Brasil Processadora e Servicos LTDA

Brazil

Marqeta sp. z.o.o.

Poland

Marqeta Singapore Pte. Ltd.

Singapore

Marqeta UK Ltd

United Kingdom

Ontario Inc.

Canada

Transact Payments Limited

Gibraltar

offshore centre

Transact Payments Services Group Limited

Gibraltar

offshore centre

Transact Payments Services Limited UK

United Kingdom

Transact Payments Malta (Holdings) Limited

Malta

offshore centre

Transact Payments Malta Limited

Malta

offshore centre

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

FAILReturn on assets positiveROA -0.9%
PASSOperating cash flow positiveOCF 163M
FAILReturn on assets improving1.9% → -0.9%
PASSCash flow exceeds earningsOCF 163M vs NI -14M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving3.37 → 1.65
PASSNo share dilution519M → 462M shares
PASSGross margin improving69.4% → 70.0%
PASSAsset turnover improving0.35× → 0.41×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$290.3M	−$47.7M	$47.9M	40.6%	122,932,556
FY2021	$517.2M	−$163.9M	$54.2M	44.8%	362,756,466
FY2022	$748.2M	−$184.8M	−$15.3M	42.8%	545,397,254
FY2023	$676.2M	−$223.0M	$20.3M	48.7%	532,540,175
FY2024	$507.0M	$27.3M	$55.8M	69.4%	518,845,000
FY2025	$624.9M	−$13.9M	$160.8M	70.0%	462,168,000

Ownership flow

12 institutions tracked — 6 added, 6 reduced, 3 sold out. Index money added 451,053 shares while active managers cut 4,969,119.

Institutional holders of Marqeta, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	45,481,645	−7,668,841	$184.7M
Capital World Investors	Active fund	11,124,016	+4,994,641	$45.2M
CITADEL ADVISORS LLC	Hedge fund	167,900	−3,787,585	$681,674
WELLINGTON MANAGEMENT GROUP LLP	Active fund	13,887,312	+3,727,289	$56.4M
Point72 Asset Management, L.P.	Hedge fund	964,280	−1,186,211	$3.9M
MORGAN STANLEY	Active fund	1,310,610	−1,064,489	$5.3M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	12,419,532	+839,244	$50.4M
BANK OF AMERICA CORP /DE/	Active fund	1,889,746	−778,196	$7.7M
BlackRock, Inc.	Index	27,455,536	+189,933	$111.5M
STATE STREET CORP	Index	9,399,935	+164,851	$38.2M
GEODE CAPITAL MANAGEMENT, LLC	Index	9,466,543	+96,269	$39.6M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	821,894	−44,971	$3.3M

Questions about Marqeta, Inc.

How many subsidiaries does Marqeta, Inc. file with the SEC?

11, listed in its most recent exhibit 21. They are incorporated across 8 jurisdictions, led by Australia, Brazil, Poland. 4 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Marqeta, Inc. financially healthy?

Marqeta, Inc. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Marqeta, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are PRICE T ROWE ASSOCIATES INC /MD/ (trimming), BlackRock, Inc. (adding), WELLINGTON MANAGEMENT GROUP LLP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.