Maplebear (CART) Gross Margin (2022 - 2026)
Maplebear's Gross Margin came in at 72.00% for Q2 2026, down 2.18 percentage points from 74.18% a year earlier and down 0.42 percentage points from the prior quarter.
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Analysis
Maplebear (CART) Gross Margin (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Maplebear reported Gross Margin of 72.58%, down 2.27 percentage points year-over-year; for FY2025, it was 73.70%, down 1.55 percentage points from FY2024.
- Gross Margin carries a four-year change of +6.86 percentage points (FY2021 to FY2025).
- Going back by year, Gross Margin was 75.25% in FY2024 (+0.37 pp), 74.88% in FY2023 (+3.11 pp), 71.78% in FY2022 (+4.93 pp) and 66.85% in FY2021.
- The Q2 2026 figure represents the lowest quarterly Gross Margin in data going back to Q3 2022.
- Year-over-year, Gross Margin has declined for seven consecutive quarters, with an average year-over-year change of -1.17 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2024 (a gain of 2.10 percentage points), and the weakest in Q4 2025 (a drop of 2.92 percentage points).
- Business Quant data shows CART's Gross Margin at 72.42% (Q1 2026), 72.28% (Q4 2025) and 73.70% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,939.60 Bn | 3,697.12 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,653.27 Bn | 1,355.79 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 275.33 Bn | 236.63 Bn | 6.80 Bn | 52.78% |
| 4 | Alibaba Group Holding | 236.23 Bn | 58.44 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 218.65 Bn | 195.83 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 140.84 Bn | 112.82 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 121.05 Bn | 54.10 Bn | - | - |
| 8 | Spotify Technology | 120.09 Bn | 77.01 Bn | 1.89 Bn | 32.98% |
| 9 | PDD Holdings | 112.69 Bn | -131.09 Bn | 9.45 Bn | 57.06% |
| 10 | Maplebear | 12.05 Bn | 8.09 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% |
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();