DoorDash (DASH) Operating Margin (2020 - 2026)
DoorDash's Operating Margin came in at 3.50% for Q2 2026, down 1.46 percentage points from 4.96% a year earlier and down 0.24 percentage points from the prior quarter.
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Analysis
DoorDash (DASH) Operating Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, DoorDash reported Operating Margin of 4.48%, down 0.08 percentage points year-over-year; for FY2025, it came in at 5.27%, up 5.63 percentage points from FY2024.
- Operating Margin has increased in each of the last three years, with a five-year change of +20.38 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -0.35% in FY2024 (+6.35 pp), -6.71% in FY2023 (+10.37 pp), -17.07% in FY2022 (-7.83 pp) and -9.25% in FY2021 (+5.86 pp).
- The Q2 2026 figure represents the lowest quarterly Operating Margin since Q2 2024.
- Year-over-year, Operating Margin has declined for three consecutive quarters, with an average year-over-year change of +4.67 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2021 (a gain of 19.60 percentage points), and the weakest in Q3 2022 (a drop of 10.26 percentage points).
- Business Quant data shows DASH's Operating Margin at 3.74% (Q1 2026), 3.72% (Q4 2025) and 7.49% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 34.00% |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | 24.71% |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 13.71% |
| 10 | DoorDash | 85.13 Bn | 64.52 Bn | 2.35 Bn | 3.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.50% |
| 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% |
API Access
DoorDash 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=DASH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "DASH", "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=DASH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();