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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | 52.05% |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | 57.06% |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | 52.69% |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | 40.90% |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | 45.58% |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | 73.45% |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | 16.91% |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | 28.16% |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | 29.95% |
| 10 | Maplebear | 11.73 Bn | 10.88 Bn | 751.00 Mn | 72.00% |
Historic Data
Download Data
Historic 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% |