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Maplebear Inc. (CART) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

CONSUMER CYCLICAL · INTERNET RETAIL · DATA UPDATED 2026-09-19

Maplebear Inc. (CART) operates in the INTERNET RETAIL industry and is headquartered in San Francisco, United States with about 3,600 employees. Its market capitalization is roughly $11 billion. In the fiscal year ended 2025-12-31, CART reported $3.7B in revenue and $447M in net income.

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

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CART Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Total Revenue$4.0B$3.7B$3.4B$3.0B$2.6B$1.8B$1.5B$214M$16M
Gross Profit$2.9B$2.8B$2.5B$2.3B$1.8B$1.2B$879M($18M)$16M
Gross Margin %72.4%73.7%75.2%74.9%71.8%66.8%59.5%-8.4%100.0%
Operating Income (EBIT)$592M$498M$489M($2.1B)$62M($86M)($75M)($556M)$4M
Operating Margin %14.8%13.3%14.5%-70.4%2.4%-4.7%-5.1%-259.8%23.8%
Net Income$480M$447M$457M($1.6B)$428M($73M)($70M)($531M)$3M
Net Margin %12.0%11.9%13.5%-53.3%16.8%-4.0%-4.7%-248.1%17.9%
EBITDA$655M$619M($2.0B)$118M($45M)($55M)($551M)$9M
Earnings Per Share (EPS)$1.84$1.60$1.58$-12.42$1.55$-0.26$-0.25$-9.71$0.46
Shares Outstanding (M)280M289M131M277M277M277M6M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CART Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$1.0B$1.0B$992M$939M$914M$897M$883M$852M$823M
Gross Profit$751M$732M$717M$692M$678M$671M$664M$641M$623M
Gross Margin %72.0%71.8%72.3%73.7%74.2%74.8%75.2%75.2%75.7%
Operating Income (EBIT)$144M$184M$98M$166M$124M$110M$155M$138M$52M
Operating Margin %13.8%18.1%9.9%17.7%13.6%12.3%17.5%16.2%6.3%
Net Income$111M$144M$81M$144M$116M$106M$148M$118M$61M
Net Margin %10.6%14.1%8.2%15.3%12.7%11.8%16.8%13.9%7.4%
EBITDA$219M$135M$208M$146M$146M$185M$171M$83M
Earnings Per Share (EPS)$0.45$0.57$0.31$0.51$0.41$0.38$0.52$0.42$0.21
Shares Outstanding (M)254M265M283M281M277M282M281M286M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CART Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Cash from Operations (CFO)$1.2B$971M$687M$586M$277M($204M)($91M)($491M)$5M
Capital Expenditures (CapEx)$56M$61M$64M$56M$26M$22M$7M$16M$0M
Free Cash Flow (FCF)$1.2B$910M$623M$530M$251M($226M)($98M)($507M)$5M
FCF Margin %29.4%24.3%18.4%17.4%9.8%-12.3%-6.6%-236.9%27.8%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CART Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$494M$268M$183M$287M$203M$298M$153M$185M$244M
Capital Expenditures (CapEx)$13M$16M$12M$15M$16M$18M$12M$14M$23M
Free Cash Flow (FCF)$481M$252M$171M$272M$187M$280M$141M$171M$221M
FCF Margin %46.1%24.7%17.2%29.0%20.5%31.2%16.0%20.1%26.9%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CART Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312018-12-312017-12-31
Total Assets$3.5B$3.7B$4.1B$4.7B$3.7B$3.0B$2.1B$475M$407M
Cash & Cash Equivalents$757M$637M$1.4B$2.1B$1.6B$1.1B$1.2B$9M$0M
Total Liabilities$1.2B$1.2B$1.0B$977M$911M$712M$520M$425M$377M
Total Debt (Short + Long-Term)$3M$13M$13M$13M$11M$0M$0M$0M
Total Shareholders' Equity$2.3B$2.5B$3.1B$3.8B$2.8B$2.2B$1.6B$50M$29M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CART viewer.

CART Metric Deep Dives

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