DoorDash
Local-commerce marketplaces and merchant software spanning DoorDash, Wolt, and Deliveroo.
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Profile
Runs the DoorDash, Wolt, and Deliveroo local-commerce marketplaces, earning transaction, delivery, service, membership, and advertising revenue from consumers and merchants. A Commerce Platform adds white-label fulfillment and merchant software, while marketplace revenue predominates and courier classification remains a regulatory dependency.
Operates the DoorDash, Wolt, and Deliveroo marketplaces across more than 40 countries, connecting consumers with restaurants, grocers, and other local retailers. Revenue comes largely from merchant transaction fees and consumer delivery and service fees; DashPass, Wolt+, and Deliveroo Plus memberships and advertising add consumer and merchant revenue.
Extends beyond marketplace orders through the Commerce Platform, including Drive white-label fulfillment, digital ordering, branded apps, and SevenRooms reservations and guest-management software. The model combines demand generation, payments, logistics, and customer support, with the United States as its largest market.
Marketplaces generate the vast majority of revenue. Fulfillment depends heavily on couriers treated as independent contractors in most geographies, while co-founder and CEO Tony Xu holds concentrated voting control through the multi-class structure and a co-founder voting agreement.
Company facts
Key statistics
Year to date +7.7% · Average volume (30d) 4.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Barclays | Downgrade | Equal-Weight | Underweight | ||
| Aug 20, 2026 | Wedbush | Reiterate | Neutral | $270 | $220 | |
| Aug 10, 2026 | Roth Capital | Reiterate | Neutral | $200 | $220 | |
| Aug 7, 2026 | Wells Fargo | Reiterate | Equal Weight | $199 | $225 | |
| Aug 7, 2026 | Susquehanna | Reiterate | Positive | $225 | $250 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.47 | $0.46 | −1.7% | $4.34B | $4.45B | +2.6% | +2.89% |
| May 6, 2026Q1 FY26 | $0.36 | $0.42 | +15.8% | $4.15B | $4.04B | −2.8% | +2.01% |
| Feb 18, 2026Q4 FY25 | $0.59 | $0.48 | −18.6% | $4.00B | $3.96B | −1.0% | +1.62% |
| Nov 5, 2025Q3 FY25 | $0.68 | $0.55 | −19.5% | $3.35B | $3.45B | +2.7% | −17.45% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.03B | $3.28B | $3.45B | $3.96B | $4.04B | $4.45B | |
| Gross profit | $1.53B | $1.67B | $1.76B | $2.02B | $2.04B | $2.35B | |
| Operating income | $155.0M | $163.0M | $258.0M | $147.0M | $151.0M | $451.0M | |
| Net income | $193.0M | $285.0M | $244.0M | $213.0M | $183.0M | $200.0M | |
| Diluted EPS | $0.44 | $0.65 | $0.55 | $0.48 | $0.42 | $0.46 | |
| Gross margin | 50.5% | 50.8% | 51.0% | 51.1% | 50.6% | 52.7% | |
| Operating margin | 5.1% | 5.0% | 7.5% | 3.7% | 3.7% | 10.1% |
Fiscal years (4-quarter sums)FY21 $4.89B · FY22 $6.58B · FY23 $8.64B · FY24 $10.72B · FY25 $13.72B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $5.35B · Total debt $3.31B · Total assets $19.56B · Shareholders' equity $9.92B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 435.72M · Float 376.73M · 86.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| SC US (TTGP), Ltd. | 31.60M | 7.25% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 26.86M | 6.17% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 24.45M | 5.61% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 17.48M | 4.01% | 13F | Aug 13, 2026 |
| State Street Corp | 16.10M | 3.70% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Prabir Adarkar | officer: PRESIDENT AND COO | −55,289 | $231.76 |
| Aug 24, 2026 | Stanley Tang | director | −10,134 | $225.00 |
| Aug 24, 2026 | Tia Sherringham | officer: GENERAL COUNSEL AND SECRETARY | −2,265 | $227.64 |
| Aug 24, 2026 | Gordon S. Lee | officer: CHIEF ACCOUNTING OFFICER | −2,204 | $222.03 |
| Aug 25, 2026 | Tony Xu | director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER | −3,767 | $230.00 |
Peers
- Uber
Closest US rival — Eats holds ~23–26% US share, leads globally in 45+ countries.
- Amazon
Named in FY2025 10-K; Same-Day grocery expanded to 2,300+ US cities by end-2025.
- Instacart
Grocery-tech intermediary losing share as DoorDash expands into grocery.
- MercadoLibre
LatAm e-commerce leader; Mercado Envios contests Wolt/DoorDash delivery.
- Walmart
#1 US digital grocer; Walmart+ and InHome contest same-day grocery delivery.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DoorDash | $236.80 | +0.06% | $103.15B | 123.9 | 67.9 | 6.5 | +35.6% |
| Uber | $78.78 | −0.01% | $160.45B | 17.3 | 20.4 | 2.9 | +12.2% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Instacart | $50.02 | −1.01% | $11.88B | 27.6 | 19.4 | 3.0 | +14.1% |
| MercadoLibre | $1,962.01 | −0.29% | $99.68B | 53.5 | 45.6 | 2.8 | +50.2% |
| Walmart | $103.07 | −0.03% | $820.40B | 37.2 | 34.5 | 1.1 | +5.9% |
| Median | 27.6 | 28.5 | 2.9 | +14.1% |