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Maplebear (CART)
NASDAQ:CART
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 23 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear momentum across marketplace, enterprise and advertising engines with strong Q4 operational metrics (GTV +14%, orders +16%), meaningful profitability expansion (adjusted EBITDA +20%) and aggressive capital returns. Management emphasized AI-driven productivity gains, enterprise expansions (380+ storefronts) and in-store monetization traction (Caper), while acknowledging one-time legal costs (including a $60M FTC settlement), incremental publisher payments that raised cost of revenue in 2025, and continued macro/advertiser uncertainty. Guidance for Q1 and commitment to adjusted EBITDA growth that outpaces GTV reinforce a constructive outlook despite some near-term margin moderation and early-stage initiatives.Company Guidance
Strong GTV and Order Growth
Q4 GTV of $9.85 billion, up 14% year-over-year (strongest GTV growth in 3 years); quarterly orders reached 89.5 million, up 16% year-over-year.
Adjusted EBITDA and Cash Flow Expansion
Adjusted EBITDA grew 20% year-over-year to $303 million. Operating cash flow increased 20% year-over-year to $184 million.
Aggressive Share Repurchases and Solid Liquidity
Repurchased $1.1 billion of shares in Q4 and $1.4 billion in 2025 overall; ended 2025 with approximately $1 billion in cash and similar assets and $671 million remaining buyback capacity.
Advertising and Other Revenue Growth
Advertising and other revenue grew 10% year-over-year in Q4; advertiser base expanded to more than 9,000 brands (up from 7,000 a year ago). Carrot Ads reach expanded to 310+ retailer-owned sites (up from 220 a year ago).
Guidance: Strong Q1 and Continued EBITDA Focus
Q1 2026 guidance: GTV $10.25B–$10.275B (11%–13% year-over-year growth); advertising and other revenue guide +11% to +14% YoY; Q1 adjusted EBITDA guided to $280M–$290M (up 15%–19% YoY). Company reiterates target of adjusted EBITDA growth that outpaces GTV for fiscal 2026.
Enterprise and Marketplace Scale
Marketplace accessibility: 2,200+ retail banners across ~100,000 locations. Enterprise: powering 380+ grocery e-commerce sites, with strong 'land-and-expand' examples (Costco, Sprouts) demonstrating multi-product adoption and international rollouts.
AI-Driven Productivity and Product Acceleration
Engineering productivity: average output per engineer up nearly 40% year-over-year, with 10% of the team increasing output by ~80%. Management reports AI enabling new projects to be built >4x faster and improved system reliability while increasing throughput.
Customer and Cohort Momentum
2025: more than 26 million customers used Instacart; December saw ~10 million unique customers place at least one order (company high). GTV from the 2025 new-customer cohort was the largest added since 2022 and retention improved year-over-year.
In-Store Technology Traction (Caper Carts)
Thousands of Caper cart commitments, live in nearly 100 cities across 15 states; pilots with Sprouts, Wegmans, Wakefern (live in ~20% of their stores); shoppable display prompts delivering ~1 percentage point lift in basket size on average.
International Expansion Wins
Launched Costco same-day sites in France and Spain; pilots/rollouts planned or underway with other international retailers (Coles in Australia, Morrisons pilot in U.K.), leveraging existing enterprise products rather than building new tech stacks.
Instacart+ Performance
Instacart+ represents the majority of GTV and orders; paid membership base growing with higher engagement and retention versus nonmembers; lowered $0 delivery minimum to $10 to capture smaller baskets and broaden use cases.
CART Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CART Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $33.24 | $36.30 | +9.21% |
Nov 10, 2025 | $36.75 | $37.33 | +1.58% |
Aug 07, 2025 | $49.39 | $51.21 | +3.68% |
May 01, 2025 | $39.80 | $45.22 | +13.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Maplebear (CART) report earnings?
Maplebear (CART) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Maplebear (CART) earnings time?
Maplebear (CART) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CART EPS forecast?
CART EPS forecast for the fiscal quarter 2026 (Q1) is 0.56.
