Growth Metrics

Maplebear (CART) Operating Margin (2022 - 2025)

Maplebear (CART) has disclosed Operating Margin for 4 consecutive years, with 9.78% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 778.0% to 9.78% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 13.28% through Dec 2025, down 119.0% year-over-year, with the annual reading at 13.31% for FY2025, 117.0% down from the prior year.
  • Operating Margin hit 9.78% in Q4 2025 for Maplebear, down from 17.68% 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.
  • Historically, Operating Margin has averaged 10.73% across 4 years, with a median of 13.52% in 2022.
  • Biggest five-year swings in Operating Margin: plummeted -32654bps in 2023 and later soared 33779bps in 2024.
  • Year by year, Operating Margin stood at 13.47% in 2022, then plummeted by -57bps to 5.73% in 2023, then skyrocketed by 206bps to 17.55% in 2024, then plummeted by -44bps to 9.78% in 2025.
  • Business Quant data shows Operating Margin for CART at 9.78% in Q4 2025, 17.68% in Q3 2025, and 13.57% in Q2 2025.