Instacart Announces Third Quarter 2026 Financial Results
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GTV grew 15% year-over-year and total revenue grew 17% year-over-year GAAP net income of $147 million; Adjusted EBITDA of $342 million, up 23% year-over-year Instacart enters into definitive agreement to be acquired by DoorDash in a cash-and-stock transaction with an equity value of approximately $17 billion SAN FRANCISCO, Oct. 29, 2026 /PRNewswire/ -- Instacart (NASDAQ: CART ) today released financial results for its third quarter ended September 30, 2026. Additionally, in a separate release issued today, Instacart announced that it has entered into a definitive agreement to be acquired by DoorDash, Inc. (NASDAQ: DASH ). The cash-and-stock transaction values Instacart at an equity value of approximately $17 billion. "Q3 was our best quarter as a public company, with GTV up 15% year-over-year and advertising and other revenue up 23% year-over-year. Our fundamentals keep getting stronger, with solid consumer demand, deepening customer engagement, and expanding profitability," said Chris Rogers, CEO. "Online grocery is still an underpenetrated category, and we're in the early stages of realizing what our purpose-built grocery technology can do to transform it. That's why we're building the operating system for grocery: one integrated platform that powers ecommerce, fulfillment, in-store, retail media, and AI Solutions. We're excited about what's ahead, working closely with...
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