Maplebear (CART) Operating Expenses (2022 - 2026)
Maplebear (CART) posted Operating Expenses of $556.0 million for Q1 2026, down 10.03% sequentially from $618.0 million in Q4 2025, and down 0.89% YoY from $561.0 million in Q1 2025.
Maplebear (CART) Operating Expenses (2022 - 2026) Analysis & Trends
Maplebear has reported Operating Expenses for 5 years, with the latest figure at $556.0 million in Q1 2026.
- Quarterly Operating Expenses fell 0.89% year-over-year to $556.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.3 billion (up 5.08% YoY) and the FY2025 annual result came in at $2.3 billion, up 10.03% from the prior year.
- Operating Expenses retreated to $556.0 million in Q1 2026 per CART's latest filing, from $618.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $3.0 billion in Q3 2023 and troughed at $8.0 million in Q1 2024.
- A 5-year average of $650.1 million and a median of $525.0 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 98.15% in 2024, then jumped 6912.5% in 2025.
- Over 5 years, Operating Expenses stood at $475.0 million in 2022, then grew by 18.32% to $562.0 million in 2023, then decreased by 9.43% to $509.0 million in 2024, then gained by 21.41% to $618.0 million in 2025, then fell by 10.03% to $556.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $556.0 million, $618.0 million, and $525.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,931.64 Bn | 2,808.66 Bn | 198.88 Bn | 330.81 Bn |
| 2 | PDD Holdings | 506.17 Bn | 446.63 Bn | 9.83 Bn | -5.87 Bn |
| 3 | Mercadolibre | 98.29 Bn | 83.09 Bn | 4.16 Bn | 3.48 Bn |
| 4 | DoorDash | 92.11 Bn | 86.76 Bn | 2.35 Bn | 4.30 Bn |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | -1.51 Bn |
| 6 | Sea | 78.22 Bn | 69.70 Bn | 3.15 Bn | -2.55 Bn |
| 7 | Ebay | 47.18 Bn | 43.87 Bn | 2.30 Bn | 1.63 Bn |
| 8 | Coupang | 29.74 Bn | 23.63 Bn | 2.49 Bn | 9.41 Bn |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | -23.28 Mn |
| 10 | Maplebear | 11.60 Bn | 10.75 Bn | 751.00 Mn | 608.00 Mn |
Historic Data
Download 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 | 8.00 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 |