DoorDash Q2 2026: revenue up 36%, GAAP profit down 30%
DoorDash's Q2 2026 was a tale of two income statements: revenue of $4.45 billion rose 36.0% and Adjusted EBITDA of $914 million rose 40.0%, while GAAP net income fell 30.0% to $200 million. The gap is mostly depreciation, amortization and one-off legal reserves, not weak order demand. Read the operating metrics first, then treat the GAAP line as the accounting residue.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.46 against a consensus estimate of $0.4656, so the quarter landed a fraction below expectations. The more important issue is direction: net income of $200 million was down 30.0% from $285 million a year earlier, though it was up 9.0% from Q1 2026's $184 million. Depreciation and amortization jumped to $295 million from $159 million, and $98 million of legal, tax and regulatory expenses were excluded from adjusted G&A — those two items explain most of the drop, but they are still real costs.
Revenue of $4.45 billion grew 36.0% year over year and 10.0% from the $4.04 billion booked in Q1 2026, a genuinely large quarter. Management says the increase was driven primarily by Marketplace GOV growth, and that stripping out Deliveroo still leaves 24.0% growth, so this is not purely an acquisition artifact. Marketplace GOV of $33.08 billion and Total Orders of 970 million both rose 36.0% and 27.0% respectively.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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