DoorDash Q3 2026: Net Income Doubles as Instacart Deal Looms
As seen on the 24/7 Wall St. homepage on October 29, 2026.
DoorDash doubled net income to $466 million, topping expectations on both lines, proof it can fund the roughly $17 billion Instacart acquisition from a position of strength.
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DoorDash earned GAAP diluted EPS of $1.06 for Q3 2026, beating expectations, on revenue that grew roughly 34% year over year.
Total orders rose 28% year over year to 993 million, and U.S. grocery and retail GOV grew at more than double the pace of U.S. restaurants. Deliveroo is still accelerating after its acquisition.
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The quarter landed alongside DoorDash's definitive agreement to acquire Instacart for roughly $17 billion, a deal management expects to deliver $500 million or more in annual net synergies. The combination is not expected to close until late 2027 or the first half of 2028.
Management guided Q4 2026 Marketplace GOV of $35.4 billion to $36.4 billion. Year-end merchant payment timing is expected to reduce reported 2026 free cash flow, and roughly $4.0 billion remains on the buyback authorization.
Mentioned: DASH