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Maplebear (CART) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Maplebear (CART) Q3 2026 earnings results →

Q3 2026 Revenue up 17% year over year to $1.1B · 13¢ of every $1 of revenue kept as net profit · operating margin 15.9%

Maplebear made $1.1B in Q3 2026 (+17% Y/Y): Transaction $764M, Advertising and other $331M. Operating margin 15.9%, net earnings $147M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$1.1B

Year over year+17%

Operating margin15.9%

Net earnings$147M

Operating cash flow$323M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.1B in Q3 2026, up 17% year over year and up 5% from the previous quarter. Transaction was the largest line at 70% of revenue. Transaction added $0.09B year over year (up 14%), 60% of the total change.

Gross margin was 71.8%, down 1.9 points from Q3 2025. Operating profit was $0.17B, a 15.9% margin (down 1.8 points year over year). Of the extra revenue versus Q3 2025, 5% reached operating profit, below the 18% margin then. Operating expenses grew 16% against revenue growth of 17%. The fastest-growing cost line was General & admin (+22%). Net earnings were $0.15B, up 2% year over year. The effective tax rate was 18.8%.

Operating cash flow was $0.32B (up 13% year over year), 220% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.12B of share-based compensation. Working capital and other items added $0.02B. After purchases of property and equipment, including capitalized internal-use software ($0.02B), free cash flow as the company reports it was $0.31B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Nov 5, 2026	$1.1B	+17%	15.9%	$147M	$323M
Q2 2026	10-Q	Aug 7, 2026	$1.0B	+14%	13.7%	$111M	$494M
Q1 2026	10-Q	May 7, 2026	$1.0B	+14%	17.9%	$144M	$268M
Q4 2025	10-K	Feb 26, 2026	$992M	+12%	9.8%	$81.0M	$183M
Q3 2025	10-Q	Nov 10, 2025	$939M	+10%	17.7%	$144M	$287M
Q2 2025	10-Q	Aug 8, 2025	$914M	+11%	13.6%	$116M	$203M
Q1 2025	10-Q	May 8, 2025	$897M	+9%	12.3%	$106M	$298M

Charts

Latest (Q3 2026): Y/Y +17%, Q/Q +5%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $147M, Operating cash flow $323M.

+112.2% since FY2021: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY2024.

Services-Business Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.