Filing Flows › Maplebear (CART) › Q2 2026 › vs Q2 2025
Maplebear (CART) Q2 2026 vs Q2 2025 (year over year)
Maplebear's revenue rose $129M (+14%) from $914M in Q2 2025 to $1.0B in Q2 2026. The biggest changes: Transaction +$87.0M (+13%); Advertising and other +$42.0M (+16%). Gross margin 72.0% against 74.2% (-2.2 pts).
Maplebear, Q2 2026: revenue $1.0B (+14% year over year), operating margin 13.7%, net earnings $111M, operating cash flow $494M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 72.0% | 74.2% | -2.2 pts |
| Operating margin | 13.7% | 13.6% | +0.1 pts |
| Net margin | 10.6% | 12.7% | -2.0 pts |
| Free cash flow margin | 46.1% | 20.5% | +25.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Transaction | $746M | $659M | $87.0M | +13% |
| Advertising and other | $297M | $255M | $42.0M | +16% |
| Revenue | $1.0B | $914M | $129M | +14% |
| Gross profit | $751M | $678M | $73.0M | +11% |
| Cost of revenue | $292M | $236M | $56.0M | +24% |
| Other income, net | $4.0M | $18.0M | −$14.0M | -78% |
| Operating profit | $143M | $124M | $19.0M | +15% |
| Operating expenses | $608M | $554M | $54.0M | +10% |
| Pre-tax earnings | $147M | $142M | $5.0M | +4% |
| Research & development | $202M | $166M | $36.0M | +22% |
| Sales & marketing | $233M | $217M | $16.0M | +7% |
| General & admin | $98.0M | $106M | −$8.0M | -8% |
| Other operating costs | $75.0M | $65.0M | $10.0M | +15% |
| Net earnings | $111M | $116M | −$5.0M | -4% |
| Income tax | $36.0M | $26.0M | $10.0M | +38% |
| Depreciation & amortization | $32.0M | $21.0M | $11.0M | +52% |
| Share-based compensation | $141M | $106M | $35.0M | +33% |
| Working capital & other | $210M | −$40.0M | $250M | — |
| Operating cash flow | $494M | $203M | $291M | +143% |
| Free cash flow (OCF − capex) | $481M | $187M | $294M | +157% |
| Capital expenditures | $13.0M | $16.0M | −$3.0M | -19% |
Questions
How much did Maplebear's revenue grow year over year in Q2 2026?
Maplebear's revenue rose $129M (+14%) from $914M in Q2 2025 to $1.0B in Q2 2026.
What drove Maplebear's revenue change in Q2 2026?
Transaction +$87.0M (+13%); Advertising and other +$42.0M (+16%).