Maplebear (CART) Operating Margin (2022 - 2026)
Maplebear's (CART) quarterly Operating Margin came in at 13.71% in Q2 2026, up 14.0% year-over-year from 12.03% in Q2 2025, and down 23.24% quarter-over-quarter from 17.86% in Q1 2026.
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Analysis
Maplebear (CART) Operating Margin (2022 - 2026) Analysis & Trends
Maplebear has disclosed Operating Margin across 5 years of filings, most recently posting 13.71% for Q2 2026.
- In Q2 2026, Operating Margin rose 14.0% year-over-year to 13.71%; the TTM figure through Jun 2026 stood at 14.73% (down 14.0% YoY), while the FY2025 annual figure was 13.31%, down 117.0% from the prior year.
- Operating Margin came in at 13.71% for Q2 2026 at Maplebear, down from 17.86% 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.
- Average Operating Margin over 5 years is 7.41%, with a median of 13.64% recorded in 2025.
- Year-over-year, Operating Margin plunged 32654 bps in 2023 and surged 33779 bps in 2024.
- Over 5 years, Operating Margin stood at 13.47% in 2022, then slumped by 57 bps to 5.73% in 2023, then surged by 206 bps to 17.55% in 2024, then sank by 44 bps to 9.78% in 2025, then surged by 40 bps to 13.71% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 13.71% in Q2 2026, 17.86% in Q1 2026, and 9.78% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 5.64% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 34.00% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 24.71% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 21.01% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 6.72% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 21.57% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 18.54% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 13.71% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | Etsy | 6.70 Bn | 5.58 Bn | 484.05 Mn | 18.74% |
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();