Instacart (Maplebear Inc.) (CART) Earnings History
Annual and quarterly earnings data from 2020 to 2025
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CART EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
CART Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 73.6% | 15.4% | 11.9% |
| 2024 | 75.3% | 14.5% | 13.5% |
| 2023 | 74.9% | -70.4% | -53.3% |
| 2022 | 71.8% | 2.4% | 16.8% |
| 2021 | 66.8% | -4.7% | -4.0% |
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Instacart (Maplebear Inc.) (CART) Earnings Overview
As of May 8, 2026, Instacart (Maplebear Inc.) (CART) reported trailing twelve-month net income of $485M, reflecting +1.3% year-over-year growth. The company earned $1.91 per diluted share over the past four quarters, with a net profit margin of 11.9%.
Looking at the long-term picture, CART's historical earnings data spans multiple years. The company achieved its highest annual net income of $457M in fiscal 2024.
Instacart (Maplebear Inc.) maintains positive profitability with a gross margin of 73.6%, operating margin of 15.4%, and net margin of 11.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including DASH ($926M net income, 6.8% margin), UBER ($8.54B net income, 19.3% margin), AMZN ($90.80B net income, 10.8% margin), CART has outperformed on profitability metrics. Compare CART vs DASH →
CART Earnings vs Peers
Earnings metrics vs comparable public companies
CART Historical Earnings Data (2020–2025)
6 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $447M | -2.2% | $576M | $1.60 | 11.9% | 15.4% |
| 2024 | $457M | +128.2% | $489M | $1.58 | 13.5% | 14.5% |
| 2023 | -$1.62B | -479.0% | -$2.14B | $-12.43 | -53.3% | -70.4% |
| 2022 | $428M | +686.3% | $62M | $0.28 | 16.8% | 2.4% |
| 2021 | -$73M | -4.3% | -$86M | $-0.26 | -4.0% | -4.7% |
| 2020 | -$70M | - | -$75M | $-0.25 | -4.7% | -5.1% |
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Start ComparisonCART — Frequently Asked Questions
Quick answers to the most common questions about buying CART stock.
Is CART growing earnings?
CART EPS of $1.91 reflects slowing growth at +1.3%, below the 5-year CAGR of N/A. TTM net income is $485M. Expansion rate has moderated.
What are CART's profit margins?
Instacart (Maplebear Inc.) net margin is +11.9%, with operating margin at +15.4%. Margins sit within typical range for the sector.
How consistent are CART's earnings?
CART earnings data spans 2020-2025. The current earnings trend is +1.3% YoY. Historical data enables comparison across business cycles.