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Tech — Software

Marqeta Executive Compensation (FY25)

MQ · Oakland, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Mike Milotich
Latest say-on-pay support
=
June 10, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): June 11, 2026
11 filings cited on this page
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315 figures on this page: 311 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Simon Khalaf → Mike Milotich
Say-on-pay support: 98.1% → 78.3% (19.8 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Marqeta's chief executive and what were they paid?
Mike Milotich, Chief Executive Officer, received $11,049,523 in total compensation for fiscal 2025.
What was Marqeta's say-on-pay result?
The say-on-pay proposal drew 78.3% of votes cast including abstentions in favor at the meeting held June 10, 2026 for fiscal 2025.
Which companies are in Marqeta's peer group?
Companies named in the disclosed peer group include ACI Worldwide, Affirm Holdings, Alkami Technology, AppFolio and AvidXchange Holdings, among others.
What is Marqeta's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 44.1:1, against median employee compensation of $250,564.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mike Milotich
Chief Financial Officer
◇◇◇◇◇—◇◇
Seth Weissman
Former Chief Legal Officer
◇—◇◇◇—◇◇
Vidya Peters
Former Chief Operating Officer
◇—◇◇——◇◇
Randy Kern
Chief Technology Officer
◇—◇◇◇—◇◇
Jason Gardner
Executive Chairman, Former Chief Executive Officer
◇———◇—◇◇
Tripp Faix
Former Chief Financial Officer
◇—————◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Simon Khalaf
Chief Executive Officer
◇—◇◇◇—◇◇
Todd Pollak
Chief Revenue Officer
◇—◇◇◇—◇◇
Randall Kern
Chief Product and Technology Officer
◇—◇◇◇—◇◇
Crystal Sumner
Chief Administrative Officer and Corporate Secretary
◇◇◇◇◇—◇◇
Michael Milotich
Chief Financial Officer
◇—◇◇◇—◇◇
Jason Gardner
Executive Chairman
◇———◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Simon Khalaf
Former Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Michael Milotich
Chief Financial Officer
Served on an interim basis
◇—◇—◇—◇◇
Crystal Sumner
Chief Administrative Officer and Secretary
◇—◇—◇—◇◇
Randall Kern
Former Chief Product and Technology Officer
Departed during or after this year
◇—◇———◇◇
Todd Pollak
Chief Revenue Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mike Milotich
Chief Executive Officer
◇◇◇—◇—◇◇
Crystal Sumner
Chief Administrative Officer and Secretary
◇◇◇—◇—◇◇
Todd Pollak
Chief Revenue Officer
◇◇◇—◇—◇◇
Simon Khalaf
Former Chief Executive Officer
Departed during or after this year
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Crystal SumnerPSU◇◇◇—◇—◇
Crystal SumnerPSU◇◇◇—◇—◇
Crystal SumnerRSU◇——◇——◇
Mike MilotichPSU◇◇◇—◇—◇
Mike MilotichRSU◇——◇——◇
Mike MilotichRSU◇——◇——◇
Mike MilotichPSU◇◇◇—◇—◇
Randy KernPSU◇◇◇—◇—◇
Randy KernRSU◇——◇——◇
Randy KernPSU◇◇◇—◇—◇
Simon KhalafPSU◇◇◇—◇—◇
Simon KhalafPSU◇◇◇—◇—◇
Simon KhalafRSU◇——◇——◇
Todd PollakRSU◇——◇——◇
Todd PollakPSU◇◇◇—◇—◇
Todd PollakPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Crystal SumnerRSU◇◇——
RSU◇◇——
Option◇—◇3/14/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Mike MilotichRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇3/14/2033
RSU◇◇——
RSU◇◇——
Option◇—◇5/20/2032
RSU◇◇——
Option◇—◇3/14/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Simon KhalafPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Todd PollakRSU◇◇——
Option◇—◇1/14/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/14/2033
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Crystal Sumner
Chief Administrative Officer and Secretary · Offer letter · citing a 2024 filing
Equity acceleration on change in control◇
Simon Khalaf
Former Chief Executive Officer · Offer letter · citing a 2023 filing
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Wendy Thomas
◇◇————◇
Elaine Paul
◇◇————◇
Jud Linville
Board chair
◇◇————◇
Jason Gardner
◇—————◇
R. Mark Graf
◇◇————◇
Najuma Atkinson
◇◇————◇
Martha Cummings
◇◇————◇
Alpesh Chokshi
◇◇————◇
Kiran Prasad
◇◇————◇
Godfrey Sullivan
◇—————◇
Helen Riley
◇—————◇
Geraldine Elliott, Arnon Dinur and Mike Milotich served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ACI Worldwide ACIW
  • Affirm Holdings AFRM
  • Alkami Technology ALKT
  • AppFolio APPF
  • AvidXchange Holdings AVDX
  • BILL Holdings BILL
  • Blackline BL
  • Five9 FIVN
  • MeridianLink MLNK
  • nCino NCNO
  • PagerDuty PD
  • Paylocity Holding PCTY
  • Payoneer Global PAYO
  • Q2 Holdings QTWO
  • Remitly Global RELY
  • Shift4 Payments FOUR
  • Smartsheet SMAR
  • SoFi Technologies SOFI
  • Zuora ZUO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 10, 2026=◇◇◇
2024June 12, 2025=◇◇◇
2023June 13, 2024=◇◇◇
2022June 22, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Mike Milotich (Chief Executive Officer), FY2025 total compensation $11,049,523 (base salary $556,470) [exec_comp, SEC accession 0001522540-26-000030, filed 2026-04-21]

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What this page does not include

Everything above is a fact Marqeta disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Marqeta sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
315 figures on this page: 311 cited to the filing that reported them, 4 calculated from figures it prints.
311 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001522540-26-000043
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001522540-26-000030
    Fiscal Year 2025 Director Compensation Table · Grants of Plan-Based Awards · Non-Employee Director Compensation · Outstanding Equity Awards at Fiscal Year 2025 Year-End · and 1 more section
  3. 000152254026000030
    CEO Pay Ratio
  4. 0001522540-25-000013
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001522540-25-000007
    Compensation Tables · Grants of Plan-Based Awards
  6. 0001522540-24-000010
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001522540-24-000003
    Summary Compensation Table
  8. 0001522540-23-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001628280-23-013577
    2022 Summary Compensation Table · Summary Compensation Table
  10. 0001628280-24-021181
    EX-10.15
  11. 0001522540-23-000015
    EX-10.10
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Marqeta executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MQ (accessed 2026).
Short form: data: Velarion

The Marqeta brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Tech — Software rankings

Chief executive pay — Tech — SoftwareCEO pay ratio — Tech — SoftwareSay-on-pay support — Tech — Software

Peers Marqeta discloses

The companies named in MQ's own disclosed peer group.

ACI WorldwideAffirm HoldingsAlkami TechnologyAppFolioAvidXchange HoldingsBILL HoldingsBlacklineFive9MeridianLinknCinoPagerDutyPaylocity HoldingPayoneer GlobalQ2 HoldingsRemitly GlobalShift4 PaymentsSmartsheetSoFi TechnologiesZuora

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy