Maplebear (CART) Net Margin (2022 - 2026)
Maplebear's (CART) quarterly Net Margin came in at 10.45% in Q2 2026, down 202.0% year-over-year from 10.25% in Q2 2025, and down 25.01% quarter-over-quarter from 13.94% in Q1 2026.
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Analysis
Maplebear (CART) Net Margin (2022 - 2026) Analysis & Trends
Maplebear has disclosed Net Margin across 5 years of filings, most recently posting 10.45% for Q2 2026.
- In Q2 2026, Net Margin fell 202.0% year-over-year to 10.45%; the TTM figure through Jun 2026 stood at 11.82% (down 172.0% YoY), while the FY2025 annual figure was 11.7%, down 156.0% from the prior year.
- Net Margin came in at 10.45% for Q2 2026 at Maplebear, down from 13.94% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 16.56% in Q4 2023 to a low of 261.65% in Q3 2023.
- Average Net Margin over 5 years is 8.12%, with a median of 13.62% recorded in 2024.
- Year-over-year, Net Margin soared 27526 bps in 2024 and tumbled 857 bps in 2025.
- Over 5 years, Net Margin stood at 15.19% in 2022, then increased by 9 bps to 16.56% in 2023, then dropped by 0 bps to 16.53% in 2024, then sank by 52 bps to 7.96% in 2025, then jumped by 31 bps to 10.45% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 10.45% in Q2 2026, 13.94% in Q1 2026, and 7.96% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 3.92% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 26.52% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 24.19% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 22.62% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 4.58% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 17.55% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 20.28% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 10.45% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | -6.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.45% |
| Mar 31, 2026 | 13.94% |
| Dec 31, 2025 | 7.96% |
| Sep 30, 2025 | 15.12% |
| Jun 30, 2025 | 12.47% |
| Mar 31, 2025 | 11.59% |
| Dec 31, 2024 | 16.53% |
| Sep 30, 2024 | 13.62% |
| Jun 30, 2024 | 7.05% |
| Mar 31, 2024 | 15.61% |
| Dec 31, 2023 | 16.56% |
| Sep 30, 2023 | -261.65% |
| Dec 31, 2022 | 15.19% |
API Access
Maplebear Net 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=net-margin&ticker=CART&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CART&period=max&api_key=YOUR_API_KEY");
const data = await res.json();