NASDAQ$CART
Instacart · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Instacart reported strong year-over-year growth in orders, GTV, revenue, and net income for Q2 2025.
Instacart delivered robust performance in the second quarter of 2025, with orders rising 17% to 82.7 million and GTV increasing 11% to $9.1 billion. Revenue grew 11% to $914 million, supported by gains in both transaction and advertising segments, while net income more than doubled to $116 million and operating income reached $124 million.
- Orders increased 17% year-over-year to 82.7 million, driven by new customers and higher engagement.
- GTV grew 11% to $9.1 billion, reflecting continued platform adoption across use cases.
- Revenue rose 11% to $914 million, with transaction revenue at $659 million and advertising and other revenue at $255 million.
- Net income surged 92% to $116 million, supported by operating leverage and gross profit of $678 million.
Headline financials
Revenue & EPS history
Instacart · Revenue · Quarterly
$914M
Revenue by segment
Instacart · $914M total across 2 segments · Q2 2025
- Transaction$659M—72.1%
- Advertising and other$255M—27.9%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports
-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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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