NASDAQ$CART
Instacart · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Instacart reported Q1 2026 revenue of $897M with net income of $106M.
Revenue was $897 million versus $1.02 billion a year ago as order growth mix shifted; gross profit was $738 million. Net income was $106 million after an $18 million tax provision, compared with $144 million in Q1 2025.
- Revenue $897M; gross profit $738M.
- Income from operations $110M.
- Net income $106M after preferred accretion items.
- Operations and support efficiency improved.
Headline financials
Revenue & EPS history
Instacart · Revenue · Quarterly
$1.02B
Revenue by segment
Instacart · $764M total across 2 segments · Q3 2023
- Transaction Revenue$542M+11.8%70.9%
- Advertising & Other$222M+18.7%29.1%
Forward guidance
Management discusses order growth, advertising monetization, and retailer partnerships; guidance is provided on earnings calls.
Tailwinds
- High gross margin marketplace model.
- Profitable on a GAAP net income basis.
Headwinds
- Revenue down year over year on order mix.
- Competitive pressure from other delivery apps.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q1 2026
-0.5%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+3.7%
Avg return
30 days after
50%
7 / 14 earnings
Positive
+13.5%
Q1 2025
Best reaction
-14.0%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | -2.8% | +2.6% | |
| Q4 2025 | +9.2% | +9.2% | +15.0% | |
| Q3 2025 | +1.6% | +11.7% | +18.3% | |
| Q1 2025 | +13.5% | +14.9% | +14.7% | |
| Q4 2024 | -12.3% | -20.3% | -18.6% | |
| Q3 2024 | -9.9% | -12.0% | -12.3% | |
| Q2 2023 | +0.7% | -0.9% | +5.9% | |
| Q2 2024 | +3.9% | +2.5% | +11.3% | |
| Q1 2024 | -3.8% | -7.4% | -12.1% | |
| Q4 2021 | -0.2% | +2.0% | +12.5% | |
| Q4 2023 | -0.2% | -2.2% | +30.5% | |
| Q4 2022 | +2.7% | +0.2% | -1.3% | |
| Q3 2022 | +2.7% | +0.2% | -1.3% | |
| Q3 2023 | -14.0% | -10.2% | -14.2% | |
| Q1 2023 | — | — | — | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
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