Filing Flows › Maplebear (CART) › How it makes money
How Maplebear (CART) makes money
Maplebear (CART) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Transaction brought in $764M (70%); Advertising and other brought in $331M (30%). Of every dollar of revenue, 72¢ was left as gross profit, 16¢ was left as operating profit, 13¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Transaction | $764M | 69.8% | +2% | +14% |
| Advertising and other | $331M | 30.2% | +11% | +23% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.1B | 100.0% |
| Cost of revenue | $309M | 28.2% |
| Gross profit | $786M | 71.8% |
| Operating expenses | $612M | 55.9% |
| Operating profit | $174M | 15.9% |
| Income tax | $34.0M | 3.1% |
| Net earnings | $147M | 13.4% |
| Operating cash flow | $323M | 29.5% |
| Free cash flow | $306M | 27.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.1B | +17% |
| Q2 2026 | $1.0B | +14% |
| Q1 2026 | $1.0B | +14% |
| Q4 2025 | $992M | +12% |
| Q3 2025 | $939M | +10% |
| Q2 2025 | $914M | +11% |
| Q1 2025 | $897M | +9% |
From Maplebear's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Maplebear make money?
Maplebear (CART) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Transaction brought in $764M (70%); Advertising and other brought in $331M (30%). Of every dollar of revenue, 72¢ was left as gross profit, 16¢ was left as operating profit, 13¢ was left as net earnings.
What is Maplebear's biggest business?
Transaction: $764M in the third quarter 2026, 70% of revenue, +14% from a year earlier.
What is Maplebear's profit margin?
Net earnings were $147M, 13.4% of revenue, in the third quarter 2026; the operating margin was 15.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.