Maplebear (CART) Net Margin (2022 - 2026)
Maplebear's Net Margin came in at 10.64% for Q2 2026, down 2.05 percentage points from 12.69% a year earlier and down 3.49 percentage points from the prior quarter.
Powered by 
Analysis
Maplebear (CART) Net Margin (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Maplebear reported Net Margin of 12.02%, down 1.88 percentage points year-over-year; for FY2025, it came in at 11.95%, down 1.58 percentage points from FY2024.
- Net Margin carries a four-year change of +15.93 percentage points (FY2021 to FY2025).
- Going back by year, Net Margin was 13.53% in FY2024 (+66.91 pp), -53.39% in FY2023 (-57.19 pp), 3.80% in FY2022 (+7.78 pp) and -3.98% in FY2021.
- The five-year range for quarterly Net Margin is -261.65% (Q3 2023) to 17.83% (Q4 2022).
- Year-over-year, Net Margin increased in five of the last eight quarters, with an average year-over-year change of +33.81 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q3 2024 (a gain of 275.50 percentage points), and the weakest in Q4 2025 (a drop of 9.39 percentage points).
- Business Quant data shows CART's Net Margin at 14.13% (Q1 2026), 8.17% (Q4 2025) and 15.34% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,174.84 Bn | 3,932.37 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,751.36 Bn | 1,453.88 Bn | 49.47 Bn | 26.07% |
| 3 | Netflix | 294.53 Bn | 254.73 Bn | 6.52 Bn | 27.08% |
| 4 | Alibaba Group Holding | 252.18 Bn | 65.95 Bn | 15.11 Bn | 3.92% |
| 5 | Shopify | 224.51 Bn | 201.70 Bn | 1.71 Bn | 41.92% |
| 6 | Uber Technologies | 141.01 Bn | 112.81 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 125.54 Bn | 58.59 Bn | - | 26.52% |
| 8 | PDD Holdings | 113.25 Bn | -130.52 Bn | 9.45 Bn | 24.19% |
| 9 | Spotify Technology | 109.29 Bn | 66.79 Bn | 1.86 Bn | 11.41% |
| 10 | Maplebear | 11.96 Bn | 8.01 Bn | 751.00 Mn | 10.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.64% |
| Mar 31, 2026 | 14.13% |
| Dec 31, 2025 | 8.17% |
| Sep 30, 2025 | 15.34% |
| Jun 30, 2025 | 12.69% |
| Mar 31, 2025 | 11.59% |
| Dec 31, 2024 | 17.55% |
| Sep 30, 2024 | 13.85% |
| 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% |
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();