Maplebear (CART) Research & Development (2022 - 2026)
Maplebear (CART) posted Research & Development of $194 million for Q3 2026, up 14.8% from $169 million a year earlier but down 4.0% from the prior quarter.
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Analysis
Maplebear (CART) Research & Development (2022 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Research & Development at Maplebear was $731 million, up 15.3% year-over-year; for FY2025, it came in at $650 million, up 7.6% from FY2024.
- Annual Research & Development shows a four-year compound annual growth rate of 15.3% (FY2021 to FY2025).
- In prior years, Maplebear's Research & Development was $604 million in FY2024 (-73.9%), $2.31 billion in FY2023 (+346.3%), $518 million in FY2022 (+40.8%) and $368 million in FY2021.
- Quarterly Research & Development has run from a low of $115 million in Q1 2024 to a high of $1.85 billion in Q3 2023 over five years.
- On a year-over-year basis, Research & Development has increased in each of the last five quarters, with growth averaging 8.1% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q2 2024, with growth of 42.3%; the weakest was Q3 2024, with a decline of 91.9%.
- According to Business Quant data, Research & Development for the three prior quarters was $202 million (Q2 2026), $164 million (Q1 2026) and $171 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 20.64 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 20.05 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 1.03 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 3.32 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 497.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 1.27 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 101.82 Mn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 479.73 Mn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | - |
| 10 | Maplebear | 13.55 Bn | 10.40 Bn | 786.00 Mn | 194.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 194.00 Mn |
| Jun 30, 2026 | 202.00 Mn |
| Mar 31, 2026 | 164.00 Mn |
| Dec 31, 2025 | 171.00 Mn |
| Sep 30, 2025 | 169.00 Mn |
| Jun 30, 2025 | 166.00 Mn |
| Mar 31, 2025 | 144.00 Mn |
| Dec 31, 2024 | 155.00 Mn |
| Sep 30, 2024 | 149.00 Mn |
| Jun 30, 2024 | 185.00 Mn |
| Mar 31, 2024 | 115.00 Mn |
| Dec 31, 2023 | 205.00 Mn |
| Sep 30, 2023 | 1.85 Bn |
| Jun 30, 2023 | 130.00 Mn |
| Mar 31, 2023 | 127.00 Mn |
| Dec 31, 2022 | 148.00 Mn |
| Sep 30, 2022 | 127.00 Mn |
API Access
Maplebear Research & Development 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=research-and-development&ticker=CART&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=CART&period=max&api_key=YOUR_API_KEY");
const data = await res.json();