Instacart (Maplebear Inc.) (CART) Earnings History
Annual and quarterly earnings data from 2020 to 2024
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EPS Growth Rates (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.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 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% |
| 2020 | 59.5% | -5.1% | -4.7% |
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Instacart (Maplebear Inc.) (CART) Earnings Overview
As of February 28, 2026, Instacart (Maplebear Inc.) (CART) reported trailing twelve-month net income of $514M, reflecting +1.1% year-over-year growth. The company earned $1.82 per diluted share over the past four quarters, with a net profit margin of 0.1%.
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, representing a new all-time high.
Instacart (Maplebear Inc.) maintains positive profitability with a gross margin of 0.8%, operating margin of 0.1%, and net margin of 0.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including CASY ($607M net income, 0.0% margin), MUSA ($471M net income, 0.0% margin), ARKO ($35M net income, 0.0% margin), CART has outperformed on profitability metrics. Compare CART vs CASY →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
5 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 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 ComparisonFrequently Asked Questions
Is CART growing earnings?
CART EPS of $1.82 reflects slowing growth at +1.1%, below the 5-year CAGR of N/A. TTM net income is $514M. Expansion rate has moderated.
What are CART's profit margins?
Instacart (Maplebear Inc.) net margin is +0.1%, with operating margin at +0.1%. Below-average margins reflect competitive or cost pressures.
How consistent are CART's earnings?
CART earnings data spans 2020-2024. The current earnings trend is +1.1% YoY. Historical data enables comparison across business cycles.