NASDAQ$CART

Instacart · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Instacart reported Q3 2025 total revenue of $939M with net income of $144M.

Third-quarter total revenue was $939 million as transaction revenue rose to $670 million and advertising and other revenue reached $269 million. Net income was $144 million with continued GTV and order growth across retail partners.

  • Q3 revenue $939M.
  • Transaction revenue $670M; ads $269M.
  • Net income $144M.
  • GTV and partner expansion remain growth levers.

Headline financials

Total Revenue

$939M

Previous: $852M+10.2%
EPS (adj)

$0.35

Previous: $0.42-16.7%
Orders

83.4M

Previous: 72.9M+14.4%
Gross Transaction Value

$9.17B

Previous: $8.3B+10.4%
Capital Expenditures

-$49M

Previous: -$52M+5.8%
Net Income

$144M

Previous: $118M+22.0%
Operating Income

$166M

Previous: $138M+20.3%
Gross Profit

$692M

Previous: $641M+8.0%

Revenue & EPS history

Instacart · Revenue · Quarterly

$939M

Q3 2025+10.2%vs Q3 2024
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Instacart · $764M total across 2 segments · Q3 2023

  • Transaction Revenue
    $542M+11.8%
  • Advertising & Other
    $222M+18.7%

Forward guidance

The filing outlines Instacart's outlook, including capital allocation, operating priorities, and sector risks relevant to upcoming periods.

Tailwinds

  • Instacart discusses operational execution and demand trends in the filing.
  • Balance sheet and liquidity actions support the business plan.

Headwinds

  • Macro, pricing, and cost inflation may pressure margins.
  • Segment mix and one-time items can affect comparability.

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 Q3 2025

Historical avgQ3 2025

-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

Earnings price reactions
QuarterReport dateReaction (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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