Maplebear (CART) Operating Margin (2022 - 2026)
Maplebear (CART) posted Operating Margin of 13.71% for Q2 2026, up 0.14 percentage points from 13.57% a year earlier but down 4.15 percentage points from the prior quarter.
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Analysis
Maplebear (CART) Operating Margin (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Maplebear was 14.73%, down 0.14 percentage points year-over-year; for FY2025, it came in at 13.31%, down 1.17 percentage points from FY2024.
- Annual Operating Margin shows a four-year change of +18.00 percentage points (FY2021 to FY2025).
- In prior years, Maplebear's Operating Margin was 14.48% in FY2024 (+84.89 pp), -70.41% in FY2023 (-72.84 pp), 2.43% in FY2022 (+7.12 pp) and -4.69% in FY2021.
- Quarterly Operating Margin has run from a low of -321.60% in Q3 2023 to a high of 19.76% in Q1 2023 over five years.
- On a year-over-year basis, Operating Margin increased in six of the last eight quarters, with an average year-over-year change of +43.88 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2024, with a gain of 337.79 percentage points; the weakest was Q3 2023, with a drop of 326.54 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 17.86% (Q1 2026), 9.78% (Q4 2025) and 17.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 34.00% |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | 24.71% |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 13.71% |
| 10 | Maplebear | 11.73 Bn | 7.77 Bn | 751.00 Mn | 13.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.71% |
| Mar 31, 2026 | 17.86% |
| Dec 31, 2025 | 9.78% |
| Sep 30, 2025 | 17.68% |
| Jun 30, 2025 | 13.57% |
| Mar 31, 2025 | 12.26% |
| Dec 31, 2024 | 17.55% |
| Sep 30, 2024 | 16.20% |
| Jun 30, 2024 | 6.32% |
| Mar 31, 2024 | 17.56% |
| Dec 31, 2023 | 5.73% |
| Sep 30, 2023 | -321.60% |
| Jun 30, 2023 | 16.62% |
| Mar 31, 2023 | 19.76% |
| Dec 31, 2022 | 13.47% |
| Sep 30, 2022 | 4.94% |
API Access
Maplebear Operating 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=operating-margin&ticker=CART&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=CART&period=max&api_key=YOUR_API_KEY");
const data = await res.json();