Maplebear (CART) Gross Margin (2022 - 2026)
Maplebear's (CART) quarterly Gross Margin came in at 72.0% in Q2 2026, down 218.0% year-over-year from 61.02% in Q2 2025, and down 0.58% quarter-over-quarter from 72.42% in Q1 2026.
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Analysis
Maplebear (CART) Gross Margin (2022 - 2026) Analysis & Trends
Maplebear has disclosed Gross Margin across 5 years of filings, most recently posting 72.0% for Q2 2026.
- In Q2 2026, Gross Margin fell 218.0% year-over-year to 72.0%; the TTM figure through Jun 2026 stood at 72.58% (down 227.0% YoY), while the FY2025 annual figure was 73.7%, down 155.0% from the prior year.
- Gross Margin came in at 72.0% for Q2 2026 at Maplebear, down from 72.42% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 76.68% in Q1 2023 to a low of 72.0% in Q2 2026.
- Average Gross Margin over 5 years is 74.29%, with a median of 74.49% recorded in 2025.
- Year-over-year, Gross Margin jumped 210 bps in 2024 and plunged 292 bps in 2025.
- Over 5 years, Gross Margin stood at 76.22% in 2022, then retreated by 1 bps to 75.72% in 2023, then dropped by 1 bps to 75.2% in 2024, then declined by 4 bps to 72.28% in 2025, then slipped by 0 bps to 72.0% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 72.0% in Q2 2026, 72.42% in Q1 2026, and 72.28% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 38.11% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 67.75% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 57.06% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 82.46% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 40.90% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 73.45% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 90.66% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 72.00% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | 72.43% |
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% |
API Access
Maplebear Gross Margin 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=gross-margin&ticker=CART&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=CART&period=max&api_key=YOUR_API_KEY");
const data = await res.json();