10-QPeriod: Q2 FY2026

DoorDash, Inc. Quarterly Report for Q2 Ended Jun 30, 2026

Filed August 5, 2026For Securities:DASH

Summary

DoorDash, Inc.'s second quarter 2026 results show continued strong revenue growth, with a 36% year-over-year increase driven by a 27% rise in total orders and a 36% increase in Marketplace Gross Order Volume (GOV). This growth was significantly bolstered by the acquisition of Deliveroo. While revenue and Gross Profit are up, the company saw a decline in Net Income attributable to common stockholders to $200 million from $285 million in the prior year's quarter, largely due to increased costs and expenses, particularly in research and development and depreciation and amortization, which rose by 52% and 86% respectively. Despite the dip in net income, the company demonstrated improved operational efficiency and profitability on a non-GAAP basis. Contribution Profit increased by 43% to $1.6 billion, and Adjusted EBITDA saw a significant 40% jump to $914 million, reflecting effective cost management and the benefits of scale. The company also generated robust Free Cash Flow of $742 million, up from $355 million in Q2 2025, indicating strong cash generation capabilities. Management highlighted increased investment in R&D and international operations as key drivers for expense growth, while also announcing an amendment and restatement of their credit agreement to increase the revolving credit facility to $2.0 billion, extending the maturity date, which provides enhanced financial flexibility.

Key Highlights

  • 1Revenue grew 36% year-over-year to $4.45 billion in Q2 2026.
  • 2Total Orders increased by 27% year-over-year to 970 million.
  • 3Marketplace GOV increased 36% year-over-year to $33.1 billion.
  • 4Net income attributable to common stockholders decreased to $200 million from $285 million in Q2 2025.
  • 5Contribution Profit increased 43% to $1.64 billion.
  • 6Adjusted EBITDA increased 40% to $914 million.
  • 7Free Cash Flow more than doubled to $742 million from $355 million in Q2 2025.

Frequently Asked Questions

DoorDash's revenue growth in Q2 2026 was primarily driven by a 36% increase in Marketplace Gross Order Volume (GOV), which was fueled by a 27% year-over-year increase in total orders. The acquisition of Deliveroo also contributed significantly to this growth.

While revenue and other profitability metrics like Contribution Profit and Adjusted EBITDA increased, DoorDash's net income attributable to common stockholders decreased in Q2 2026 compared to Q2 2025. This was primarily due to significant increases in costs and expenses, most notably a 52% rise in research and development expenses and an 86% increase in depreciation and amortization expenses, reflecting ongoing investments in the business and the impact of acquisitions.

DoorDash demonstrated a strong improvement in cash flow performance. Free Cash Flow more than doubled to $742 million in Q2 2026, up from $355 million in the same quarter of the previous year. This improvement was primarily driven by an increase in net cash provided by operating activities.

DoorDash amended and restated its credit agreement to increase its unsecured revolving credit facility from $800 million to $2.0 billion, extended the maturity date to August 5, 2031, and modified certain interest rates and fees. This provides the company with enhanced financial flexibility.