Earnings Releases·Oct 29, 2026, 7:21 AM ET

DoorDash — Third Quarter 2026 Earnings Summary

Q3 2026 revenue grew 34% Y/Y to $4.6 billion, while GAAP net income surged 91% Y/Y to $466 million and Adjusted EBITDA rose 41% Y/Y to $1.06 billion.
The company announced a definitive agreement to acquire Instacart for $17 billion (75% cash, up to 25% stock), with closing expected in late 2027 or H1 2028, pending regulatory approvals.
Q4 2026 guidance sets Marketplace GOV at $35.4–$36.4 billion and Adjusted EBITDA at $900–$1.1 billion; full-year 2026 Free Cash Flow is projected to be $700–$800 million lower than 2025 due to year-end merchant payment timing.
Strategic focus remains on expanding international markets, accelerating grocery/retail GOV growth, and investing in AI and physical logistics, with management targeting $500 million+ in annual synergies post-Instacart close.
Stock repurchase activity continues with $4.0 billion remaining under the $5.0 billion authorization, while the company will cease disclosing results excluding Deliveroo starting in Q4 2026.