Filing Flows › DoorDash (DASH) › Q1 2026
DoorDash (DASH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
DoorDash (DASH) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +33% from a year earlier and +2% from the quarter before. Operating margin was 3.7%, net earnings $183M (4.5% of revenue).
DoorDash, Q1 2026: revenue $4.0B (+33% year over year), operating margin 3.7%, net earnings $183M, operating cash flow $594M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0B | +2% | +33% |
| Operating profit | $151M | +3% | -3% |
| Net earnings | $183M | -14% | -5% |
| Operating cash flow | $594M | +41% | -6% |
| Free cash flow | $537M | +46% | -4% |
What changed
Revenue was $4.0B in Q1 2026, up 33% year over year and up 2% from the previous quarter.
Operating profit was $0.15B, a 3.7% margin (down 1.4 points year over year). Operating profit fell $4.0M even though revenue rose $1.0B versus Q1 2025, so costs grew faster than sales. Total costs grew 35% against revenue growth of 33%. The fastest-growing cost line was Other operating costs (+107%). Net earnings were $0.18B, down 5% year over year. The effective tax rate was 4.2%. Non-operating items added $0.04B, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.59B (down 6% year over year), 325% of net earnings. Non-cash charges added back $0.27B of depreciation and amortization and $0.23B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.06B left free cash flow of $0.54B.
Questions
What was DoorDash's revenue in the first quarter 2026?
DoorDash (DASH) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +33% from a year earlier and +2% from the quarter before.
Was DoorDash profitable in the first quarter 2026?
Operating profit was $151M (3.7% of revenue) and net earnings $183M.
Source: DoorDash 10-Q on SEC EDGAR.