What move does the options market price into Marqeta's report?

Implied ±7.6%, either direction.

How often does Marqeta move more than the options market prices?

2 of the last 7 reports moved at least as far as the implied move.

MQNasdaqServices-Prepackaged Software

Marqeta, Inc. (MQ) earnings date, market-implied expected move, and options open interest by expiry

18.09

Closed16:00 ET

Open18.07Volume790,076Mkt cap$1.9BP/E180.86EPS0.10

Day17.89 – 18.2456%52-wk14.80 – 22.2844%

Marqeta, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.6%implied · report alone

8Q avg ±15.6%·×0.49·cheap

16.7219.48

straddle ±11.0%

spot 18.10exp Nov 20ATM strike 18ATM straddle 2.35IV 68%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 4 days

est.Q3 FY26

Calendar

Next report

Last report

−7.13%

shaded = implied · ▲▼ = realized

Aug 4 '26 · confirmed

Implied vs realized

Largest filed tie

45.00%

of MQ revenue · Block

customerMQ 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+10.37%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

170 managers

Top fund weight

0.04%

MQ weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Marqeta (MQ) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

8 reports

2 of 7≥ implied

avg implied: ±14.3%
avg realized: ±16.8%

Nov 4 '24Nov 4 '24confirmed±13.2%▼−42.52%×3.23

Feb 26 '25Feb 26 '25confirmed±22.3%▲+21.08%×0.95

May 7 '25May 7 '25confirmed±10.8%▲+9.78%×0.90

Aug 6 '25Aug 6 '25confirmed±11.6%▲+20.25%×1.74

Q3 FY25Nov 5 '25confirmed±15.3%▲+8.93%×0.58

Feb 24 '26Feb 24 '26confirmed±12.4%▼−7.21%×0.58

Q1 FY26May 5 '26confirmed±14.2%▼−7.70%×0.54

Q2 FY26Aug 4 '26confirmed—▼−7.13%—

quarterimplied−45%0+45%realized×

Q2 FY26—▼−7.13%—

Q1 FY26±14.2%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.02OI · 4 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

32+10%Nov 2020d1,782+5%

8360%Dec 1848d0.551,514−2%0.55

2,9800%Jan 1576d0.1520,3910%0.15

1120%Mar 19139d0.244670%0.24

ExpiryPutsCallsP/C

Nov 2020d32+10%1,782+5%0.02

Dec 1848d8360%1,514−2%0.55

Jan 1576d2,9800%20,3910%0.15

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±11.0%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Suppliers 2

MA±1.4%×0.13

V±1.3%×0.12

Dashed = straddle · × = co-movement · max 500dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

4.30%as filednet margin · revenue +6.15% QoQ · +17.02% YoY

Revenue

$176M+6.15% QoQ

Gross profit

$122M+3.64% QoQ

69.25% margin

Operating income

$4M+73.64% QoQ

2.07% margin

Pre-tax income

$8M+0.56% QoQ

Net income

$8M−3.41% QoQ

4.30% margin

Cost of revenue

$54M+12.27% QoQ

Operating expenses

$118M+2.37% QoQ

Other operating $79M

SG&A $29M

Depreciation $10M

Other operating $1M

Tax

$505,000+161.66% QoQ

Other income

$4M−25.23% QoQ

Revenue$176M+6.15%

Gross profit

$122M+3.64%

69.25% margin

Operating income

$4M+73.64%

2.07% margin

Pre-tax income

$8M+0.56%

Net income

$8M−3.41%

4.30% margin

Cost of revenue

$54M+12.27%

Operating expenses

$118M+2.37%

Other operating $79M

SG&A $29M

Depreciation $10M

Other income$4M−25.23%

Tax$505,000+161.66%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

GDP ×1.27· ±2.7% vs ±2.1% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±2.7%10 of 19×1.27

NFPjobs report±2.7%2 of 10×1.26

PPIproducer prices±2.6%4 of 10×1.22

CPIconsumer prices±1.9%4 of 10×0.91

FOMCrate decision±1.8%11 of 24×0.83

CPROFcorporate profits±1.7%5 of 12×0.81

PCEpersonal income & outlays±1.4%8 of 19×0.66

Bar = avg |move| to ±3% · tick = ±2.1% avg day · ×base = |move| ÷ ±2.1% · min 6 releases

Earnings history

EPS — · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 4 '26 · confirmed	—	—
Q1 FY26	May 5 '26 · confirmed	—	—
Q3 FY25	Nov 5 '25 · confirmed	—	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod