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Earnings Releases·

Instacart — Third Quarter 2026 Earnings Summary

  • Gross Transaction Value (GTV) rose 15% year-over-year to $10.5 billion, while total revenue increased 17% to $1.1 billion; GAAP net income grew 2% to $147 million and Adjusted EBITDA rose 23% to $342 million.
  • The company suspended all financial guidance and cancelled its upcoming earnings call due to the pending acquisition by DoorDash.
  • Instacart entered a definitive agreement to be acquired by DoorDash in a cash-and-stock transaction valued at approximately $17 billion, with management citing Q3 as its best quarter as a public company.
  • Share repurchases totaled $230 million during the quarter, and the company ended with $1 billion in cash and similar assets.
Company
INSTACART (MAPLEBEAR INC)
Sector
Consumer Cyclical
Industry
Internet Retail