DoorDash (DASH) Operating Margin (2020 - 2026)
DoorDash (DASH) recorded quarterly Operating Margin of 3.74% in Q1 2026, up 0.66% quarter-over-quarter from 3.72% in Q4 2025, and down 137.0% on a YoY basis from 10.11% in Q1 2025.
DoorDash (DASH) Operating Margin (2020 - 2026) Analysis & Trends
DoorDash's Operating Margin history runs 7 years deep, the most recent figure standing at 3.74% for Q1 2026.
- In Q1 2026, Operating Margin fell 137.0% year-over-year to 3.74%; the TTM figure through Mar 2026 stood at 4.88% (up 330.0% YoY), while the FY2025 annual figure was 5.27%, up 563.0% from the prior year.
- Operating Margin was 3.74% for Q1 2026 at DoorDash, up from 3.72% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 7.49% in Q3 2025 to a low of 20.35% in Q4 2022.
- Historically, Operating Margin has averaged 4.21% across 5 years, with a median of 3.86% in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 1026 bps in 2022, then soared 1649 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 20.35% in 2022, then surged by 81 bps to 3.86% in 2023, then jumped by 205 bps to 4.07% in 2024, then fell by 9 bps to 3.72% in 2025, then grew by 1 bps to 3.74% in 2026.
- The last three Operating Margin figures came in at 3.74% (Q1 2026), 3.72% (Q4 2025), and 7.49% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 13.14% |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 6.91% |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 3.74% |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 22.37% |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 19.78% |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | -2.85% |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | -1.06% |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -0.38% |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 17.86% |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 3.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.74% |
| Dec 31, 2025 | 3.72% |
| Sep 30, 2025 | 7.49% |
| Jun 30, 2025 | 4.96% |
| Mar 31, 2025 | 5.11% |
| Dec 31, 2024 | 4.07% |
| Sep 30, 2024 | 3.95% |
| Jun 30, 2024 | -7.64% |
| Mar 31, 2024 | -2.43% |
| Dec 31, 2023 | -3.86% |
| Sep 30, 2023 | -4.99% |
| Jun 30, 2023 | -9.89% |
| Mar 31, 2023 | -8.40% |
| Dec 31, 2022 | -20.35% |
| Sep 30, 2022 | -18.11% |
| Jun 30, 2022 | -16.98% |
| Mar 31, 2022 | -11.88% |
| Dec 31, 2021 | -11.85% |
| Sep 30, 2021 | -7.84% |
| Jun 30, 2021 | -8.01% |