Instacart (Maplebear Inc.) (CART) Revenue History
Annual and quarterly revenue from 2020 to 2024
Compound Annual Growth Rate (CAGR)
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CART Revenue Growth
Revenue Breakdown (FY 2024)
CART's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
CART Revenue Analysis (2020–2024)
As of May 6, 2026, Instacart (Maplebear Inc.) (CART) generated trailing twelve-month (TTM) revenue of $3.63 billion, reflecting strong growth of +10.2% year-over-year. The most recent quarter (Q3 2025) recorded $939.0 million in revenue, up 2.7% sequentially.
Looking at the longer-term picture, CART's historical revenue data shows a 3-year CAGR of +22.6%. The company achieved its highest annual revenue of $3.38 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows CART's business is primarily driven by Transaction (72%), and Advertising And Other (28%). With over half of revenue concentrated in Transaction, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including DASH (+24.5% YoY), UBER (+18.3% YoY), and AMZN (+14.2% YoY), CART has underperformed the peer group in terms of 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 | $3.6B | +10.2% | - | 14.5% | |
 DASH | $13.7B | +24.5% | +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 | +4.3% | +5.0% | 4.2% | |
 KR | $147.6B | +0.4% | +2.2% | 1.3% |
CART Historical Revenue Data (2020–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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 CART Stock Analysis
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Start ComparisonCART — Frequently Asked Questions
Quick answers to the most common questions about buying CART stock.
Is CART's revenue growth accelerating or slowing?
CART maintains +10.2% revenue growth, in line with its 5-year CAGR of N/A. TTM revenue stands at $3.6B. Growth rate remains consistent with historical average.
What is CART's long-term revenue growth rate?
Instacart (Maplebear Inc.)'s 5-year revenue CAGR of N/A reflects the sustained expansion pattern. Current YoY growth of +10.2% is near this long-term average.
How is CART's revenue distributed by segment?
CART reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2024 are available for download. Segment mix reveals concentration and diversification trends.