Maplebear (CART) Gross Margin (2022 - 2026)
Maplebear (CART) posted Gross Margin of 72.42% for Q1 2026, little changed sequentially from 72.28% in Q4 2025, and down 238.0% YoY from 52.48% in Q1 2025.
Maplebear (CART) Gross Margin (2022 - 2026) Analysis & Trends
Maplebear has reported Gross Margin for 5 years, with the latest figure at 72.42% in Q1 2026.
- Quarterly Gross Margin fell 238.0% year-over-year to 72.42% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 73.11% (down 211.0% YoY) and the FY2025 annual result came in at 73.7%, down 155.0% from the prior year.
- Gross Margin steadied at 72.42% in Q1 2026 per CART's latest filing, from 72.28% in the prior quarter.
- Over five years, Gross Margin peaked at 76.68% in Q1 2023 and troughed at 72.28% in Q4 2025.
- A 5-year average of 74.44% and a median of 74.8% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 210 bps in 2024, then sank 292 bps in 2025.
- Over 5 years, Gross Margin stood at 76.22% in 2022, then slipped by 1 bps to 75.72% in 2023, then fell by 1 bps to 75.2% in 2024, then retreated by 4 bps to 72.28% in 2025, then rose by 0 bps to 72.42% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 72.42%, 72.28%, and 73.7% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | 55.49% |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 40.90% |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 52.69% |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 16.73% |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | 44.32% |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | 73.45% |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | 28.16% |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | 16.68% |
| 10 | Maplebear | 11.60 Bn | 10.75 Bn | 751.00 Mn | 72.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 72.00% |
| Mar 31, 2026 | 72.42% |
| Dec 31, 2025 | 72.28% |
| Sep 30, 2025 | 73.70% |
| Jun 30, 2025 | 74.18% |
| Mar 31, 2025 | 74.80% |
| Dec 31, 2024 | 75.20% |
| Sep 30, 2024 | 75.23% |
| Jun 30, 2024 | 75.70% |
| Mar 31, 2024 | 74.88% |
| Dec 31, 2023 | 75.72% |
| Sep 30, 2023 | 73.43% |
| Jun 30, 2023 | 73.60% |
| Mar 31, 2023 | 76.68% |
| Dec 31, 2022 | 76.22% |
| Sep 30, 2022 | 72.60% |