Filing Flows › Maplebear (CART) › Q3 2026 › vs Q3 2025
Maplebear (CART) Q3 2026 vs Q3 2025 (year over year)
Maplebear's revenue rose $156M (+17%) from $939M in Q3 2025 to $1.1B in Q3 2026. The biggest changes: Transaction +$94.0M (+14%); Advertising and other +$62.0M (+23%). Gross margin 71.8% against 73.7% (-1.9 pts).
Maplebear, Q3 2026: revenue $1.1B (+17% year over year), operating margin 15.9%, net earnings $147M, operating cash flow $323M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 71.8% | 73.7% | -1.9 pts |
| Operating margin | 15.9% | 17.7% | -1.8 pts |
| Net margin | 13.4% | 15.3% | -1.9 pts |
| Free cash flow margin | 27.9% | 29.0% | -1.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Transaction | $764M | $670M | $94.0M | +14% |
| Advertising and other | $331M | $269M | $62.0M | +23% |
| Revenue | $1.1B | $939M | $156M | +17% |
| Gross profit | $786M | $692M | $94.0M | +14% |
| Cost of revenue | $309M | $247M | $62.0M | +25% |
| Other income, net | $7.0M | $15.0M | −$8.0M | -53% |
| Operating profit | $174M | $166M | $8.0M | +5% |
| Operating expenses | $612M | $526M | $86.0M | +16% |
| Pre-tax earnings | $181M | $181M | $0 | 0% |
| Research & development | $194M | $169M | $25.0M | +15% |
| Sales & marketing | $242M | $206M | $36.0M | +17% |
| General & admin | $106M | $87.0M | $19.0M | +22% |
| Other operating costs | $70.0M | $64.0M | $6.0M | +9% |
| Net earnings | $147M | $144M | $3.0M | +2% |
| Income tax | $34.0M | $37.0M | −$3.0M | -8% |
| Depreciation & amortization | $35.0M | $25.0M | $10.0M | +40% |
| Share-based compensation | $120M | $81.0M | $39.0M | +48% |
| Working capital & other | $21.0M | $37.0M | −$16.0M | -43% |
| Operating cash flow | $323M | $287M | $36.0M | +13% |
| Free cash flow (company-reported) | $306M | $272M | $34.0M | +12% |
| Purchases of property and equipment, including capitalized internal-use software | $17.0M | $15.0M | $2.0M | +13% |
Questions
How much did Maplebear's revenue grow year over year in Q3 2026?
Maplebear's revenue rose $156M (+17%) from $939M in Q3 2025 to $1.1B in Q3 2026.
What drove Maplebear's revenue change in Q3 2026?
Transaction +$94.0M (+14%); Advertising and other +$62.0M (+23%).