Instacart reports Q3 2026 results and agrees to be acquired by DoorDash in $17 billion deal
Instacart (Maplebear Inc.) posted third‑quarter 2026 revenue of $1.095 billion, up 17% year‑over‑year, and GAAP net income of $147 million. The company also announced a definitive cash‑and‑stock agreement to be acquired by DoorDash for an equity value of approximately $17 billion, cancelling its earnings call and suspending guidance. DoorDash reported its own Q3 2026 results separately, noting the acquisition and outlining expected synergies.
Why it matters
The acquisition will combine DoorDash’s delivery platform with Instacart’s grocery technology, creating estimated annual synergies of $500 million net of investments, according to DoorDash’s CFO. Instacart shareholders will receive cash and DoorDash stock, reflecting a 26% premium over the pre‑deal price.
Key facts
- 1Instacart’s third‑quarter 2026 gross transaction value (GTV) was $10.528 billion, up 15% year‑over‑year. prnewswire.com
- 2Instacart’s total revenue for the quarter was $1.095 billion, up 17% year‑over‑year. prnewswire.com
- 3GAAP net income for Instacart was $147 million, up 2% year‑over‑year. prnewswire.com
- 4Adjusted EBITDA for Instacart was $342 million, up 23% year‑over‑year. prnewswire.com
- 5Instacart entered a definitive cash‑and‑stock agreement to be acquired by DoorDash at an equity value of approximately $17 billion. prnewswire.com
- 6Instacart cancelled its earnings conference call scheduled for November 5, 2026 and suspended all financial guidance. prnewswire.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.