NASDAQ$DASH
DoorDash Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
DoorDash reported Q4 2025 revenue of $3.96B with net income of $213M as Marketplace GOV rose 39% year over year.
Fourth-quarter revenue increased 38% to $3.96 billion while Marketplace GOV grew 39% to $29.7 billion, including Deliveroo. GAAP net income attributable to common stockholders was $213 million. Management guided Q1 2026 Marketplace GOV of $32.8–33.4 billion and expects Deliveroo to contribute about $200 million to 2026 adjusted EBITDA.
- Q4 revenue $3.96B (+38% YoY); Marketplace GOV $29.7B (+39%).
- GAAP net income $213M; Deliveroo closed Oct. 2.
- Q1 2026 Marketplace GOV guide $32.8B–$33.4B.
- Unit economics improving in U.S. restaurant and grocery categories.
Headline financials
Revenue & EPS history
DoorDash · Revenue · Quarterly
$3.96B
Forward guidance
The release discusses DoorDash's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.
Tailwinds
- DoorDash cites operational execution and demand trends supporting the outlook.
- Balance sheet and liquidity actions aim to fund growth and returns.
- Management issued or reiterated multi-quarter growth and margin targets.
Headwinds
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+1.3%
Avg return
Earnings day
+1.3%
Avg return
5 days after
-0.0%
Avg return
30 days after
56%
14 / 25 earnings
Positive
+24.9%
Q1 2021
Best reaction
-17.4%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | -5.8% | -5.6% | |
| Q4 2025 | -0.6% | -5.2% | -9.7% | |
| Q3 2025 | -17.4% | -15.7% | -5.5% | |
| Q2 2025 | +5.0% | +2.4% | -4.4% | |
| Q1 2025 | -7.5% | -10.7% | +5.1% | |
| Q4 2024 | +4.0% | +10.5% | -5.0% | |
| Q3 2024 | +1.0% | +1.3% | +16.3% | |
| Q2 2024 | +5.9% | +10.8% | +16.2% | |
| Q1 2024 | -11.6% | -9.0% | -14.8% | |
| Q4 2023 | -3.3% | -3.8% | +8.8% | |
| Q3 2023 | +17.1% | +18.8% | +28.9% | |
| Q2 2023 | -1.3% | -2.6% | -2.9% | |
| Q1 2023 | +0.9% | +7.9% | +8.9% | |
| Q4 2022 | -9.3% | -14.8% | -12.5% | |
| Q3 2022 | +14.3% | +20.9% | +22.3% | |
| Q2 2022 | +1.0% | -8.1% | -26.8% | |
| Q1 2022 | -11.7% | -16.1% | -16.7% | |
| Q4 2021 | +3.2% | -5.5% | +5.4% | |
| Q3 2020 | +18.4% | +26.4% | -17.7% | |
| Q3 2021 | +10.9% | +27.3% | -14.6% | |
| Q2 2020 | -0.3% | +1.8% | +11.8% | |
| Q2 2021 | +2.2% | -2.5% | +10.4% | |
| Q1 2021 | +24.9% | +22.6% | +36.4% | |
| Q4 2019 | -11.1% | -9.5% | -11.2% | |
| Q4 2020 | -3.9% | -8.9% | -24.0% |
Discussion
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