DoorDash (DASH) Q3 2026 Earnings
GAAP diluted EPS; the company reports no adjusted EPS. Q3 2026 includes $16 million of certain legal, tax, and regulatory settlements, reserves, and expenses, $20 million of transaction-related costs, and $1 million of restructuring charges.
How Did DASH Stock React to Q3 2026 Earnings?
Did DASH Beat Earnings? Q3 2026 Results
Yes. DoorDash reported Q3 2026 earnings of $1.06 a share on Oct 29, 2026, beating the $0.81 consensus estimate by 31.4%. Revenue was $4.6B against a $4.6B estimate.
DoorDash delivered a standout third quarter of 2026, posting GAAP diluted EPS of $1.06, which includes $16 million in legal, tax, and regulatory items, $20 million in transaction-related costs, and $1 million in restructuring charges, beating the $0.81 consensus estimate by 31.43% as revenue of $4.62 billion grew 34.0% year over year and cleared Wall Street's $4.56 billion forecast by 1.26%. The results were powered by broad-based momentum: U.S. restaurant GOV growth accelerated slightly versus the second quarter, U.S. grocery and retail GOV expanded at more than double the restaurant pace, and international order growth accelerated across every brand, with Deliveroo contributing $365 million of revenue and growing orders at twice its pre-acquisition pace. GAAP net income reached $466 million, up from $244 million a year ago, while Adjusted EBITDA hit $1.06 billion. The quarter arrived alongside DoorDash's definitive agreement to acquire Instacart for roughly $17 billion, a deal that had drawn attention in the days before earnings. For Q4 2026, management guided Marketplace GOV of $35.40 billion to $36.40 billion and Adjusted EBITDA of $900 million to $1.10 billion.
- Total Orders up 28% Y/Y to 993 million (17% excluding Deliveroo)
- Marketplace GOV up 36% Y/Y to $33.9 billion (23% excluding Deliveroo)
- Growth in order rates among mature U.S. restaurant cohorts and accelerated new consumer growth
- Strong U.S. DashPass paid membership growth; 9% reduction in U.S. restaurant transaction fees per order over two years
- U.S. grocery and retail GOV growing at more than double the pace of U.S. restaurants
- Restaurant reservations grew over 340% Q/Q in existing geographies
- Accelerated international GOV growth and Total Orders growth at each international brand
- Deliveroo Total Orders grew at twice the Y/Y rate of Q3 2025
- G&A fell to 1.3% of Marketplace GOV from 1.6%; Adjusted EBITDA margin rose to 3.1% of GOV
What Is DoorDash's Outlook?
**Q4 2026 guidance:** - Marketplace GOV of $35.4–$36.4 billion. - Adjusted EBITDA of $900 million–$1,100 million. **Full-year 2026 expectations:** - Stock-based compensation of about $1.2 billion. - Depreciation and amortization of about $1.2 billion, including about $450 million of amortization of acquired intangibles. - Year-end merchant payment timing is expected to reduce reported 2026 Free Cash Flow by $700–$800 million. **Assumptions:** stable consumer demand and FX rates, plus significant ongoing investment in new categories, international markets, new initiatives and the global technology platform. **Instacart deal:** expected to close at the end of 2027 or in the first half of 2028. Management sees a multi-year path to $500 million or more of annual net synergies, with more than 100% reinvested in year one and positive net synergies from year two.
DASH YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $4.6B | $3.4B | +34.0% |
| Gross Profit | $2.3B | $1.8B | +31.4% |
| Operating Income | $442.0M | $258.0M | +71.3% |
| Net Income | $466.0M | $244.0M | +91.0% |
DASH Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.