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Oil Prices, Tech Selloff Sending Stocks LowerStocks are lower across the board as investors wrangle with higher oil prices and tech sector weakness
Instacart (Maplebear Inc.)(CART)Earnings, Financials & Key Ratios
CART•NASDAQ
$48.08
30.1× P/E·Price updated Jul 7, 2026
AboutMaplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America. The company connects the consumer with a personal shopper to shop and deliver a range of products, such as food, alcohol, consumer health, pet care, ready-made meals, and others. The company offers its services through a mobile application or website. The company was incorporated in 2012 and is based in San Francisco, California.Show more
- Revenue$3.74B+10.8%
- EBITDA$597M+7.4%
- Net Income$447M-2.2%
- EPS (Diluted)1.60+1.3%
- Gross Margin73.7%-2.1%
- EBITDA Margin15.95%-3.1%
- Operating Margin13.31%-8.1%
- Net Margin11.95%-11.7%
- ROE15.93%+19.3%
CART Price & Volume
Instacart (Maplebear Inc.) (CART) stock price & volume — 10-year historical chart
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Operational Efficiency Drives Sustainable Margin Expansion Trajectory
Investment Thesis • Updated 2026Q1
VerdictPositive
Growth:Stable
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Gig worker classification uncertainty
Key Thesis Takeaways
- Instacart has successfully transitioned into a self-sustaining, asset-light model, evidenced by its 18.1% operating margin in 2026Q1 and a disciplined shift away from stock-based compensation.
- While the company benefits from a robust advertising ecosystem and minimal debt, investors should monitor the potential for margin compression as major retailers increasingly internalize their own retail media networks.
- The firm's aggressive capital return strategy, highlighted by a $1.1 billion share repurchase in 2025Q4, underscores management's commitment to shareholder value despite lingering risks regarding gig worker classification.
Verdict Logic
the company's valuation appears attractive with a forward P/E of 19.44, supported by a robust 24.7% FCF margin and a disciplined, asset-light business model.
CART Growth Metrics
Instacart (Maplebear Inc.) (CART) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years20.43%
3 Years13.62%
TTM11.84%
Profit CAGR
10 Years-
5 Years-
3 Years1.46%
TTM12.01%
EPS CAGR
10 Years-
5 Years-
3 Years78.78%
TTM16.99%
Return on Capital
10 Years-6.49%
5 Years-6.9%
3 Years-10.88%
Last Year16.36%
CART Recent Earnings
Instacart (Maplebear Inc.) (CART) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (73%)●Beat Revenue 9/12 qtrs (82%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.57-1.7%
$0.58
Rev
$1.0B+1.2%
$1.0B
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.53+1.9%
$0.52
Rev
$992M+1.9%
$973M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.51+3.2%
$0.49
Rev
$939M+0.6%
$934M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.41+6.6%
$0.38
Rev
$914M+2.0%
$896M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.57vs $0.58-1.7% | $1.0Bvs $1.0B+1.2% |
| Q1 2026 | Feb 12, 2026 | $0.53vs $0.52+1.9% | $992Mvs $973M+1.9% |
| Q4 2025 | Nov 10, 2025 | $0.51vs $0.49+3.2% | $939Mvs $934M+0.6% |
| Q3 2025 | Aug 7, 2025 | $0.41vs $0.38+6.6% | $914Mvs $896M+2.0% |
Based on last 12 quarters of dataView full earnings history →
Latest CART News
Recent stock market news and headlines for Instacart (Maplebear Inc.) (CART)
ETF Trends·5 days ago
Amplify Online Retail ETF Rides a Summer Surge in PerformanceThe Amplify Online Retail ETF (IBUY) has rallied over the past month, signaling a robust appetite for online consumer discretionary spending despite persistent macroeconomic headwinds. Outsized gains in specialized healthcare retail and online travel names have driven performance for IBUY's underlying index.
PRNewsWire·Jun 22, 2026
Instacart Introduces New Shoppable Vertical Video Feed for AdvertisersNew "Immersive Feed" Experience Gives Consumers a More Engaging Way to Discover and Shop Meals and Recipes Hellmann's, Kettle & Fire, Rachael Ray® Nutrish™, and Siete Foods Among First Brand Partners Piloting New Ad Surface to Drive Even More Inspiration and Conversion on Instacart SAN FRANCISCO and CANNES, France, June 22, 2026 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today introduced "Immersive Feed," a new short-form, vertical video feed that showcases meals and recipes, currently in pilot as part of Instacart's suite of inspiration ads. Customers can now browse the video feed directly within their favorite retail storefronts on Instacart and seamlessly add items to their cart.
GuruFocus·Jun 16, 2026
Instacart Leads on Price Cuts as Grocery Delivery Competition Heats UpWells Fargo (WFC) released findings from its Q2 grocery delivery pricing survey, showing Instacart (CART) has made the deepest price cuts among third-party prov
Seeking Alpha·Jun 15, 2026
Instacart: Expanding Adjusted EBITDA As Take Rates RiseInstacart stands out as a differentiated small/mid-cap growth opportunity in a top-heavy market. CART has underperformed the S&P 500, losing ~5% YTD, but continues to deliver consistent top-line and profit growth. I maintain a "Buy" rating on CART, emphasizing its strong fundamentals and uncorrelated success drivers.
Peers Comparison
Key metrics vs top competitors for Instacart (Maplebear Inc.) (CART)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $48.08 | $11.38B | 30.05 | 10.78% | 11.95% | 15.93% | — | |
| $195.72 | $85.28B | 91.89 | 27.93% | 6.28% | 9.56% | — | |
| $74.33 | $153.97B | 15.71 | 18.28% | 15.91% | 32.02% | — | |
| $245.98 | $2.65T | 34.31 | 12.38% | 12.22% | 23.34% | — | |
| $111.54 | $889.08B | 40.86 | 4.73% | 3.18% | 22.7% | — | |
| $58.54 | $36.09B | 38.01 | 0.35% | 0.71% | 14.66% | — |
Compare CART vs Peers
Instacart (Maplebear Inc.) (CART) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CART SEC Filings & Documents
Instacart (Maplebear Inc.) (CART) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Feb 12, 2026·SEC
Material company update
Nov 25, 2025·SEC
10-K Annual Reports
210-Q Quarterly Reports
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CART Frequently Asked Questions
Instacart (Maplebear Inc.) (CART) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Instacart (Maplebear Inc.)'s revenue?
Instacart (Maplebear Inc.) (CART) reported $3.86B in revenue for fiscal year 2025. This represents a 162% increase from $1.48B in 2020.
How fast is Instacart (Maplebear Inc.) growing?
Instacart (Maplebear Inc.) (CART) grew revenue by 10.8% over the past year. This is steady growth.
Is CART profitable?
Yes, Instacart (Maplebear Inc.) (CART) is profitable, generating $485.0M in net income for fiscal year 2025 (11.9% net margin).
Dividend & Returns
What is CART's return on equity?
Instacart (Maplebear Inc.) (CART) has a return on equity (ROE) of 15.9%. This is reasonable for most industries.
What is Instacart (Maplebear Inc.)'s free cash flow?
Instacart (Maplebear Inc.) (CART) generated $883.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.