Maplebear (CART)
NASDAQ:CART
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.54Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 23 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong top-line growth, milestone scale (GTV > $10B), robust advertising momentum (+16% YoY), improved profitability (net income +36%, adjusted EBITDA +23%), and strategic investments in enterprise, international expansion and AI. Management also announced sizable buybacks and maintained a constructive Q2 guide. Headwinds include modest gross margin pressure from increased publisher payments, a 10% YoY decline in free cash flow due to timing and settlements, and guidance that margin expansion will moderate in 2026. Overall, positive operational momentum and strategic positioning outweigh short-term margin and cashflow variability.Company Guidance
GTV and Revenue Milestones
GTV reached $10.29 billion, up 13% year-over-year, surpassing $10 billion for the first time; total revenue exceeded $1.02 billion, up 14% year-over-year.
Order and AOV Growth
Orders were 91.2 million, up 10% year-over-year; average order value (AOV) rose to $113, up 3% year-over-year, reflecting deeper customer engagement and strong performance from club retailers.
Advertising Momentum
Advertising and other revenue grew 16% year-over-year to $286 million — the fastest ads growth since Q3 2023; advertising and other investment rate rose to 2.8% (from 2.7%); ecosystem expanded to over 310 Carrot Ads partners and more than 9,000 brands advertising.
Profitability and Cash Returns
GAAP net income was $144 million, up 36% year-over-year; adjusted EBITDA was $300 million, up 23% year-over-year; repurchased $349 million of shares in Q1 and announced a $1 billion increase to buyback authorization.
Operating Leverage and Expense Efficiency
GAAP total operating expenses improved to $556 million (5.4% of GTV) from 6.1% of GTV in Q1 2025; adjusted total operating expenses were $463 million (4.5% of GTV) versus 4.9% in Q1 2025, driven by increased operating leverage.
Enterprise and International Traction
Storefront technology now powers over 380 grocery e-commerce sites; Storefront Pro adoption cited to drive >10 percentage point lift in online sales for upgraded grocers; Storefront Pro launched with Costco in Spain and France and the Instaleap acquisition announced to accelerate international enterprise expansion.
AI and Product Innovation
AI-driven product rollouts progressing: Cart Assistant testing with ~25% of U.S. customers (early positive feedback); search and generative recommendation systems deployed to improve personalization and ad relevance; Caper smart cart now live in more than 100 cities.
Liquidity and Balance Sheet Actions
Ended quarter with approximately $880 million in cash and similar assets; established a $500 million unsecured revolving credit facility; $323 million remaining buyback capacity after Q1 repurchases.
Q2 and Full-Year Outlook
Q2 guidance: GTV $10.1B–$10.25B (11%–13% YoY growth); advertising and other revenue guided to grow 11%–14% YoY; Q2 adjusted EBITDA $290M–$300M (11%–15% YoY growth); full-year adjusted EBITDA expected to grow faster than GTV while moderating rate of expansion.
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 |
|---|---|---|---|
May 06, 2026 | $43.74 | $40.16 | -8.18% |
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% |
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 Aug 12, 2026, After Close (Confirmed).
What is Maplebear (CART) earnings time?
Maplebear (CART) earnings time is at Aug 12, 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 (Q2) is 0.54.
