Marqeta, Inc. (MQ), a leading modern card issuing platform, witnessed a remarkable pre-market surge of 19.37% on Thursday, February 27, 2025. This significant stock price movement can be attributed to the company's impressive fourth quarter 2024 financial results, its strategic acquisition announcement, and a positive outlook for the year 2025.

In the fourth quarter, Marqeta reported a 29% year-over-year increase in Total Process Volume (TPV) to $80 billion, driving a 14% increase in net revenue to $136 million. Furthermore, the company's gross profit grew 18% to $98 million, with an adjusted EBITDA margin of 9%, showcasing strong operational performance.

A key highlight of the earnings report was Marqeta's announcement of its acquisition of TransactPay, a BIN Sponsorship provider licensed as an E-Money Institution in the UK and European Economic Area. This strategic acquisition is expected to significantly strengthen Marqeta's program management capabilities in Europe, allowing the company to better serve its fintech and embedded finance customers in the region, capitalizing on the growing demand for innovative financial services.

Looking ahead, Marqeta provided an optimistic outlook for 2025, forecasting net revenue growth of 16-18% and gross profit growth of 14-16%. This positive guidance, combined with the company's strong fourth-quarter performance and strategic growth initiatives, has fueled investor confidence, driving Marqeta's stock price to soar in the pre-market trading session.

Furthermore, Marqeta authorized a new $300 million share repurchase program, demonstrating the company's confidence in its future prospects and commitment to enhancing shareholder value.