Maplebear (CART) Cost of Revenue (2022 - 2026)
Maplebear's Cost of Revenue came in at $292 million for Q2 2026, up 23.7% from $236 million a year earlier and up 3.9% from the prior quarter.
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Analysis
Maplebear (CART) Cost of Revenue (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Maplebear reported Cost of Revenue of $1.1 billion, up 22.8% year-over-year; for FY2025, it was $984 million, up 17.7% from FY2024.
- Cost of Revenue has increased in each of the last four years, with a four-year compound annual growth rate of 12.8% (FY2021 to FY2025).
- Going back by year, Cost of Revenue was $836 million in FY2024 (+9.4%), $764 million in FY2023 (+6.1%), $720 million in FY2022 (+18.4%) and $608 million in FY2021.
- The Q2 2026 figure represents the highest quarterly Cost of Revenue in data going back to Q3 2022.
- Year-over-year, Cost of Revenue has increased for 12 consecutive quarters, with growth averaging 16.8% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 3.9% in Q3 2024 to 25.6% in Q4 2025.
- Business Quant data shows CART's Cost of Revenue at $281 million (Q1 2026), $275 million (Q4 2025) and $247 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 6.04 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 24.48 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 1.88 Bn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 7.82 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 7.08 Bn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 3.70 Bn |
| 10 | Maplebear | 11.73 Bn | 7.77 Bn | 751.00 Mn | 292.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 292.00 Mn |
| Mar 31, 2026 | 281.00 Mn |
| Dec 31, 2025 | 275.00 Mn |
| Sep 30, 2025 | 247.00 Mn |
| Jun 30, 2025 | 236.00 Mn |
| Mar 31, 2025 | 226.00 Mn |
| Dec 31, 2024 | 219.00 Mn |
| Sep 30, 2024 | 211.00 Mn |
| Jun 30, 2024 | 200.00 Mn |
| Mar 31, 2024 | 206.00 Mn |
| Dec 31, 2023 | 195.00 Mn |
| Sep 30, 2023 | 203.00 Mn |
| Jun 30, 2023 | 189.00 Mn |
| Mar 31, 2023 | 177.00 Mn |
| Dec 31, 2022 | 180.00 Mn |
| Sep 30, 2022 | 183.00 Mn |
API Access
Maplebear Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CART&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "CART", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CART&period=max&api_key=YOUR_API_KEY");
const data = await res.json();