Maplebear (CART) Operating Expenses (2022 - 2026)
Maplebear's Operating Expenses came in at $608 million for Q2 2026, up 9.7% from $554 million a year earlier and up 9.4% from the prior quarter.
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Analysis
Maplebear (CART) Operating Expenses (2022 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Maplebear reported Operating Expenses of $2.31 billion, up 8.5% year-over-year; for FY2025, it came in at $2.26 billion, up 10.0% from FY2024.
- Operating Expenses carries a four-year compound annual growth rate of 14.6% (FY2021 to FY2025).
- Going back by year, Operating Expenses was $2.05 billion in FY2024 (-53.6%), $4.42 billion in FY2023 (+149.9%), $1.77 billion in FY2022 (+34.8%) and $1.31 billion in FY2021.
- The five-year range for quarterly Operating Expenses is $408 million (Q2 2023) to $3.02 billion (Q3 2023).
- Year-over-year, Operating Expenses increased in four of the last eight quarters, with an average decline of 5.2%.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2023 (growth of 567.7%), and the weakest in Q3 2024 (a decline of 83.3%).
- Business Quant data shows CART's Operating Expenses at $556 million (Q1 2026), $618 million (Q4 2025) and $525 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | -5.39 Bn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 640.46 Mn |
| 10 | Maplebear | 11.73 Bn | 7.77 Bn | 751.00 Mn | 608.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 608.00 Mn |
| Mar 31, 2026 | 556.00 Mn |
| Dec 31, 2025 | 618.00 Mn |
| Sep 30, 2025 | 525.00 Mn |
| Jun 30, 2025 | 554.00 Mn |
| Mar 31, 2025 | 561.00 Mn |
| Dec 31, 2024 | 509.00 Mn |
| Sep 30, 2024 | 503.00 Mn |
| Jun 30, 2024 | 571.00 Mn |
| Mar 31, 2024 | 470.00 Mn |
| Dec 31, 2023 | 562.00 Mn |
| Sep 30, 2023 | 3.02 Bn |
| Jun 30, 2023 | 408.00 Mn |
| Mar 31, 2023 | 432.00 Mn |
| Dec 31, 2022 | 475.00 Mn |
| Sep 30, 2022 | 452.00 Mn |
API Access
Maplebear Operating Expenses 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=operating-expenses&ticker=CART&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=CART&period=max&api_key=YOUR_API_KEY");
const data = await res.json();