DoorDash (DASH) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and DoorDash published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• DoorDash completed its acquisition of Deliveroo on October 2, 2025, so Q3 2026 is the last quarter in which the year-ago period excludes it. DoorDash says it will stop giving growth rates excluding Deliveroo from Q4 2026.
• DoorDash agreed on October 28, 2026 to acquire Instacart for $65.00 per share, an equity value of about $17 billion, expected to close at the end of 2027 or in the first half of 2028.

Source: DoorDash Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How DoorDash splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• DoorDash's United States revenue was $3.6 billion in Q3 2026, up 24% from $2.9 billion in Q3 2025, 78% of total revenue.
• DoorDash's International revenue was $997 million in Q3 2026, up 92% from $520 million in Q3 2025, 22% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

DoorDash gives its quarterly outlook as a one-row table in the release: Marketplace GOV first, then Adjusted EBITDA. It gives no revenue or GAAP net income outlook.

In its Q3 2026 release, DoorDash said:

“Q4 2026 $35.4 billion-$36.4 billion $900 million-$1,100 million”

“2026 stock-based compensation expense of approximately $1.2 billion.”

“2026 depreciation and amortization expense of approximately $1.2 billion, inclusive of approximately $450 million of amortization of acquired intangible assets.”

“Our outlook assumes that aggregate consumer demand and key foreign currency rates remain relatively stable at current levels.”

Source: DoorDash Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the DASH forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release. Deliveroo is included from Q4 2025.

We do not hold a confirmed date for DoorDash's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

DoorDash recognizes revenue on a fraction of the order value that passes through its marketplaces. In Q3 2026 consumers placed 993 million orders worth $33,941 million in Marketplace GOV, and DoorDash recognized $4,616 million of revenue, a Net Revenue Margin of 13.6%. The 10-Q says that revenue comes from the DoorDash, Wolt and Deliveroo marketplaces, the DashPass, Wolt+ and Deliveroo Plus memberships, advertising, and the Commerce Platform, which includes white-label Drive delivery. (DoorDash Q3 2026 release, Oct 29, 2026; DoorDash Form 10-Q, Q3 2026, Oct 30, 2026)

The Deliveroo acquisition accounts for much of the year-over-year growth. Revenue rose 34%, but 23% excluding Deliveroo; Total Orders rose 28%, or 17% without it; and Marketplace GOV rose 36%, or 23% without it. DoorDash said GOV growth came mainly from more orders and a higher average order value. (DoorDash Q3 2026 release, Oct 29, 2026)

International revenue nearly doubled to $997 million from $520 million, while United States revenue rose to $3,619 million from $2,926 million. DoorDash says no single country outside the U.S. made up 10% or more of total revenue. Its marketplaces operate in over 40 countries. (DoorDash Form 10-Q, Q3 2026, Oct 30, 2026)

Within the U.S., DoorDash said Marketplace GOV growth in grocery and retail ran at more than double the pace of its restaurant category, and that restaurant GOV grew faster quarter over quarter than in any third quarter since Q3 2020. It credits DashPass growth with a 9% reduction in transaction fees per order in U.S. restaurants over two years. (DoorDash Q3 2026 release, Oct 29, 2026)

DoorDash reports GAAP EPS only; its main non-GAAP measure is Adjusted EBITDA, not adjusted EPS. GAAP diluted EPS rose to $1.06 in Q3 2026 from $0.55, on net income of $466 million against $244 million. Adjusted EBITDA was $1,060 million, up 41%, after adding back $269 million of stock-based compensation and certain payroll tax, $312 million of depreciation and amortization and $16 million of legal, tax and regulatory items. (DoorDash Q3 2026 release, Oct 29, 2026)

Depreciation and amortization rose 85% to $312 million, including $77 million more amortization of acquired intangibles. A year earlier, other expense of $81 million had reduced income. The tax provision was $19 million on $484 million of pre-tax income, which the 10-Q says reflects a valuation allowance on deferred tax assets in certain jurisdictions. (DoorDash Form 10-Q, Q3 2026, Oct 30, 2026; DoorDash Q3 2026 release, Oct 29, 2026)

Diluted shares were 440,314 thousand, against 441,812 thousand a year earlier. Through October 28, DoorDash had repurchased 6.8 million Class A shares for $1.0 billion in 2026, leaving approximately $4.0 billion under its $5.0 billion authorization. (DoorDash Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

DoorDash gives a one-quarter outlook in its release, for Marketplace GOV and Adjusted EBITDA only. For Q4 2026 it expects Marketplace GOV of $35.4 billion to $36.4 billion and Adjusted EBITDA of $900 million to $1,100 million, and for full year 2026 stock-based compensation of about $1.2 billion and depreciation and amortization of about $1.2 billion. It expects year-end merchant payment timing to reduce 2026 Free Cash Flow by $700 million to $800 million. (DoorDash Q3 2026 release, Oct 29, 2026)

On the pending Instacart acquisition, DoorDash says it sees a multi-year path to $500 million or more of annual synergies, net of investments, but expects to invest more than 100% of synergies in the first year after closing. (DoorDash Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover DoorDash, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones DoorDash's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DASH is on is DASH a buy or a sell?, what analysts expect next is on the DASH forecast, and what the company does is on the DoorDash (DASH) stock page.

Every number on this page can be traced to a document DoorDash published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.