Maplebear (CART) Net Margin (2022 - 2026)
Maplebear's (CART) quarterly Net Margin came in at 14.13% in Q1 2026, up 254.0% year-on-year from 3.99% in Q1 2025, and up 77.45% quarter-over-quarter from 7.96% in Q4 2025.
Maplebear (CART) Net Margin (2022 - 2026) Analysis & Trends
Maplebear has disclosed Net Margin across 5 years of filings, most recently posting 14.13% for Q1 2026.
- Net Margin for Q1 2026 came in at 14.13%, up 254.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.5% (up 23.0% YoY), and the FY2025 annual result was 11.7%, down 156.0% from the prior year.
- Net Margin came in at 14.13% for Q1 2026 at Maplebear, up from 7.96% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 17.83% in Q4 2022 to a low of 261.65% in Q3 2023.
- The 5-year median for Net Margin is 13.87% (2024), against an average of 9.37%.
- Across the five-year window, Net Margin surged 27526 bps in 2024 and plunged 857 bps in 2025, its largest moves.
- Maplebear's Net Margin stood at 17.83% in 2022, then fell by 7 bps to 16.56% in 2023, then dropped by 0 bps to 16.53% in 2024, then tumbled by 52 bps to 7.96% in 2025, then surged by 77 bps to 14.13% in 2026.
- The last three Net Margin figures came in at 14.13% (Q1 2026), 7.96% (Q4 2025), and 15.34% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 16.68% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 4.71% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 4.53% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 19.81% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | - |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -3.13% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -0.43% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -3.58% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 14.13% |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 2.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.13% |
| Dec 31, 2025 | 7.96% |
| Sep 30, 2025 | 15.34% |
| Jun 30, 2025 | 12.69% |
| Mar 31, 2025 | 11.59% |
| Dec 31, 2024 | 16.53% |
| Sep 30, 2024 | 13.62% |
| Jun 30, 2024 | 7.05% |
| Mar 31, 2024 | 15.85% |
| Dec 31, 2023 | 16.56% |
| Sep 30, 2023 | -261.65% |
| Dec 31, 2022 | 17.83% |