DoorDash, Inc. filed a Current Report on Form 8-K with the Securities and Exchange Commission on October 29, 2026, announcing its financial results for the quarter ended September 30, 2026. The company reported new quarterly records across Marketplace GOV, revenue, and net income.
For the third quarter of 2026, DoorDash generated $4.6 billion in revenue, representing a 34% increase year-over-year. Total orders reached 993 million, up 28% from the prior year. The company reported a GAAP net income attributable to common stockholders of $466 million, an increase of 91% compared to the same period in 2025. Adjusted EBITDA for the quarter was $1.06 billion, a 41% increase year-over-year.
In addition to its operational results, DoorDash disclosed a definitive agreement to acquire Instacart, operating as Maplebear Inc. Under the terms of the agreement, DoorDash will acquire Instacart for $65.00 per share. The total equity value of the transaction is approximately $17 billion. Instacart stockholders have the option to receive all cash, all stock, or a combination of cash and stock for their shares, subject to a cap on the total stock consideration equal to 25% of the aggregate value.
The transaction is expected to close in the end of 2027 or the first half of 2028. DoorDash has entered into a financing commitment letter with JPMorgan Chase Bank, N.A. for a 364-day senior unsecured bridge loan facility to support the cash portion of the consideration. The company stated that it is targeting a capital structure that will maintain investment-grade ratings.
DoorDash noted that approximately 19% of Instacart's outstanding shares have agreed to vote in favor of the transaction. The company also highlighted its strategy for grocery delivery, emphasizing the importance of managing inventory to achieve high fulfillment accuracy and lower costs. DoorDash stated it expects to achieve more than $500 million in annual synergies, net of investments, over a multi-year period.
