Earnings ·
Maplebear Inc., operating as Instacart, reported financial results for the second quarter ended June 30, 2026
CARTMaplebear Inc.
Maplebear Inc., operating as Instacart, reported financial results for the second quarter ended June 30, 2026. Gross Transaction Value (GTV) reached $10,351 million, a 14% increase year-over-year, while total revenue grew 14% to $1,043 million. GAAP net income was $111 million, down 4% from the prior year period, and Adjusted EBITDA rose 19% to $313 million. The company repurchased $325 million in shares during the quarter and holds $1 billion in cash. Management provided Q3 2026 guidance projecting GTV between $10,300 million and $10,550 million and Adjusted EBITDA between $320 million and $340 million. Maplebear Inc. is a leading grocery technology company that partners with retailers to power ecommerce, fulfillment, in-store technology, AI offerings, and advertising.