Maplebear (CART) Net Margin (2022 - 2026)

Maplebear (CART) posted Net Margin of 13.94% for Q1 2026, up 74.98% sequentially from 7.96% in Q4 2025, and up 234.0% YoY from 4.17% in Q1 2025.

Analysis

Maplebear (CART) Net Margin (2022 - 2026) Analysis & Trends

Maplebear has reported Net Margin for 5 years, with the latest figure at 13.94% in Q1 2026.

Quarterly Net Margin rose 234.0% year-over-year to 13.94% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.34% (up 7.0% YoY) and the FY2025 annual result came in at 11.7%, down 156.0% from the prior year.
Net Margin climbed to 13.94% in Q1 2026 per CART's latest filing, from 7.96% in the prior quarter.
Over five years, Net Margin peaked at 16.56% in Q4 2023 and troughed at 261.65% in Q3 2023.
A 5-year average of 10.29% and a median of 13.04% in 2024 frame the typical range for Net Margin.
The sharpest annual moves came in 2024 and 2025: Net Margin jumped 27526 bps in 2024, then plunged 857 bps in 2025.
Over 5 years, Net Margin stood at 7.66% in 2022, then jumped by 116 bps to 16.56% in 2023, then fell by 0 bps to 16.53% in 2024, then tumbled by 52 bps to 7.96% in 2025, then jumped by 75 bps to 13.94% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 13.94%, 7.96%, and 15.12% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Amazon Com	2,735.27 Bn	2,612.28 Bn	198.88 Bn	24.31%
2	PDD Holdings	116.19 Bn	-48,010.22 Bn	9.45 Bn	24.19%
3	DoorDash	98.67 Bn	93.32 Bn	2.35 Bn	4.47%
4	Mercadolibre	98.66 Bn	83.46 Bn	4.16 Bn	4.58%
5	Sea	67.43 Bn	59.03 Bn	3.55 Bn	11.53%
6	Ebay	46.79 Bn	43.48 Bn	2.30 Bn	17.55%
7	JD.com	39.63 Bn	7.08 Bn	16.50 Bn	1.85%
8	Coupang	28.43 Bn	22.32 Bn	2.49 Bn	-6.44%
9	Wayfair	12.38 Bn	11.24 Bn	1.05 Bn	-0.03%
10	Maplebear	11.74 Bn	10.89 Bn	751.00 Mn	10.45%

Historic Data

Download Data