Maplebear (CART) Operating Margin (2022 - 2026)
Maplebear recorded quarterly Operating Margin of 17.86% in Q1 2026, up 82.66% quarter-over-quarter from 9.78% in Q4 2025, and up 560.0% year-over-year from 2.71% in Q1 2025.
Maplebear's Operating Margin history runs 5 years deep, the most recent figure standing at 17.86% for Q1 2026.
- In Q1 2026, Operating Margin rose 560.0% year-over-year to 17.86%; the TTM figure through Mar 2026 stood at 14.73% (up 156.0% YoY), while the FY2025 annual figure was 13.31%, down 117.0% from the prior year.
- Operating Margin came in at 17.86% for Q1 2026 at Maplebear, up from 9.78% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 19.76% in Q1 2023 to a low of 321.6% in Q3 2023.
- A 5-year average of 8.82% and a median of 13.57% in 2025 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 32654 bps in 2023 and surged 33779 bps in 2024, its largest moves.
- Maplebear's Operating Margin stood at 13.47% in 2022, then tumbled by 57 bps to 5.73% in 2023, then soared by 206 bps to 17.55% in 2024, then slumped by 44 bps to 9.78% in 2025, then jumped by 83 bps to 17.86% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 17.86%, 9.78%, and 17.68% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,861.08 Bn | 2,717.99 Bn | 171.21 Bn | 13.14% |
| 2 | Alibaba Group Holding | 348.49 Bn | 315.38 Bn | 12.18 Bn | -0.35% |
| 3 | Mercadolibre | 84.38 Bn | 78.73 Bn | 3.86 Bn | 6.91% |
| 4 | DoorDash | 69.78 Bn | 64.91 Bn | 2.04 Bn | 3.74% |
| 5 | Ebay | 51.86 Bn | 48.00 Bn | 2.29 Bn | 19.78% |
| 6 | Coupang | 29.42 Bn | 29.33 Bn | 2.30 Bn | -2.85% |
| 7 | Maplebear | 9.86 Bn | 9.17 Bn | 738.00 Mn | 17.86% |
| 8 | Wayfair | 8.79 Bn | 7.72 Bn | 880.00 Mn | -0.38% |
| 9 | Chewy | 8.58 Bn | 7.71 Bn | 959.70 Mn | 1.30% |
| 10 | Etsy | 6.00 Bn | 4.58 Bn | 455.60 Mn | 18.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |