At the J.P. Morgan 54th Annual Global Technology, Media and Communications Conference held on May 19, 2026, Marqeta, Inc. (MQ) CEO Mike Milotich presented an optimistic overview of the company's first quarter performance. Marqeta reported a 33% growth in total payment volume (TPV), along with net revenue and gross profit increases of 19% each, both of which were on the higher end of their expectations. Notably, the company's EBITDA surged by 66%, reflecting improved operational efficiency. Milotich highlighted a significant milestone for Marqeta, with the company achieving a net income of $8 million for the first time on a pure operating basis. This positive financial performance was bolstered by successful customer expansions and the introduction of new products in the credit and debit continuum. Overall, Milotich expressed satisfaction with the quarter, indicating that the results were largely as anticipated with no major surprises.