DoorDash Inc - Class A
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +0.75%.
Did DASH Beat Earnings? Q1 2026 Results
DoorDash delivered a strong first quarter of 2026, posting earnings of $0.42 per share on revenue of $4.04 billion, with top-line growth of 33% year-over-year powered in large part by the Deliveroo acquisition, which alone contributed $362.00 million in revenue as integration across the U.K., France, and Italy progressed ahead of schedule. Marketplace Gross Order Value climbed 37% to $31.60 billion, while Total Orders reached 933 million, up 27% year-over-year, reflecting broad demand across both restaurant delivery and a grocery and retail segment that attracted more new consumers than any prior quarter. GAAP net income attributable to common stockholders edged down 5% to $184.00 million as operating expenses rose across all major cost lines, though Adjusted EBITDA grew 28% to $754.00 million. The company's recent expansion of SNAP/EBT acceptance at Kroger-family stores underscores its push deeper into grocery access. Looking ahead, DoorDash guided Q2 2026 Marketplace GOV of $32.40 billion to $33.40 billion and Adjusted EBITDA of $770.00 million to $870.00 million, while flagging over $50.00 million in Dasher gas relief costs as a near-term headwind.
- Record membership signups and new high for monthly active users drove consumer engagement
- Growth in number of consumers was the primary driver of Y/Y Total Orders increase
- Y/Y growth in order rates among mature cohorts in both U.S. restaurant and U.S. grocery/retail categories
- Deliveroo acquisition contributed $362 million in revenue and drove accelerated MAU and order growth in U.K., France, and Italy
- Currency rates added approximately 2% to Y/Y Marketplace GOV growth
Forward Guidance & Outlook
For Q2 2026, DoorDash expects Marketplace GOV of $32.4 billion to $33.4 billion and Adjusted EBITDA of $770 million to $870 million. For full year 2026, the company expects Adjusted EBITDA as a percent of Marketplace GOV to increase slightly vs. 2025 (excluding Deliveroo in both periods), with Deliveroo contributing approximately $200 million to 2026 Adjusted EBITDA. Q2 Dasher gas relief program costs are anticipated to exceed $50 million, partially offset by reduced investment elsewhere. 2026 stock-based compensation is expected at $1.3-$1.4 billion, and depreciation and amortization at $1.1-$1.2 billion (including ~$450 million of acquired intangible amortization). Outlook assumes stable consumer demand and FX rates, with caution around potential consumer spending deterioration, geopolitical risks, and heightened international currency exposure.
DASH YoY Financials
DASH Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.