Instacart (Maplebear Inc.) (CART) Revenue History
Annual and quarterly revenue from 2020 to present
CART Revenue Over Time (2020–2025)
CART Revenue Growth History
5 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +24.2%
- FY2022 revenue growth
- +39.1%
- FY2023 revenue growth
- +19.2%
- FY2024 revenue growth
- +11.0%
- FY2025 revenue growth
- +10.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $1.02B | +13.6% |
| Q4 2025 | $992.0M | +12.3% |
| Q3 2025 | $939.0M | +10.2% |
| Q2 2025 | $914.0M | +11.1% |
| Q1 2025 | $897.0M | +9.4% |
| Q4 2024 | $883.0M | +10.0% |
| Q3 2024 | $852.0M | +11.5% |
| Q2 2024 | $823.0M | +14.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
CART's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CART Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 21, 2026, Instacart (Maplebear Inc.) (CART) generated trailing twelve-month (TTM) revenue of $3.86 billion, reflecting strong growth of +13.6% year-over-year. The most recent quarter (Q1 2026) recorded $1.02 billion in revenue, up 2.7% sequentially.
Historical Growth Trajectory
CART's 5-year compound annual growth rate (CAGR) stands at +20.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +13.6% is below the 5-year average, signalling a growth deceleration in recent years. Instacart (Maplebear Inc.)'s highest annual revenue of $3.74 billion was recorded in 2025, an all-time high.
Revenue by Segment
CART's revenue is primarily driven by Transaction (72%), and Advertising And Other (28%). With over half of revenue concentrated in Transaction, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including DASH (+31.0% YoY), UBER (+18.3% YoY), and AMZN (+14.2% YoY) — CART has underperformed the peer group in revenue growth. Compare CART vs DASH →
CART Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CARTCurrent | $3.9B | +13.6% | +20.4% | 13.3% | |
 DASH | $13.7B | +31.0% | +36.6% | 5.3% | |
 UBER | $52.0B | +18.3% | +36.1% | 10.7% | |
 AMZN | $716.9B | +14.2% | +13.2% | 11.2% | |
 WMT | $713.2B | +5.9% | +5.0% | 4.2% | |
 KR | $147.6B | +0.4% | +2.2% | 1.3% |
CART Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.74B | +10.8% | $2.76B | 73.7% | $498.0M | 13.3% |
| 2024 | $3.38B | +11.0% | $2.54B | 75.3% | $489.0M | 14.5% |
| 2023 | $3.04B | +19.2% | $2.28B | 74.9% | $-2,142,000,000 | -70.4% |
| 2022 | $2.55B | +39.1% | $1.83B | 71.8% | $62.0M | 2.4% |
| 2021 | $1.83B | +24.2% | $1.23B | 66.8% | $-86,000,000 | -4.7% |
| 2020 | $1.48B | - | $879.0M | 59.5% | $-75,000,000 | -5.1% |
Full Stock Analysis
Deep dive into CART consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
CART — Frequently Asked Questions
Quick answers to the most common questions about buying CART stock.
Is CART's revenue growth accelerating or slowing?
CART revenue growth is holding steady at +13.6% year-over-year. TTM revenue is $3.9B. The current growth rate closely tracks the 5-year CAGR of +20.4%, signalling consistent execution.
What is CART's revenue history from 2020 to 2026?
Instacart (Maplebear Inc.) (CART) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $3.9B, growing at +13.6% YoY. The 5-year CAGR is +20.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is CART's long-term revenue growth rate (CAGR)?
Instacart (Maplebear Inc.)'s 5-year revenue CAGR of +20.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +13.6% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for CART.
Why does CART's quarterly revenue fluctuate?
CART quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Instacart (Maplebear Inc.)'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is CART's revenue distributed by segment?
CART reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does CART's revenue compare to industry peers?
Instacart (Maplebear Inc.) (CART) with TTM revenue of $3.9B and +13.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.