DoorDash Q2 2026 earnings: revenue up 36%, outlook raised

Adjusted EBITDA reached $914 cardinal successful the 2nd quarter, up 40% from the aforesaid play a twelvemonth earlier and, the institution said, "well above" its ain expectation. For the 3rd quarter, DoorDash is guiding for Marketplace gross bid worth of $33 cardinal to $34 cardinal and adjusted EBITDA of $950 cardinal to $1.1 billion.

Total orders grew 27% year-over-year to 970 cardinal successful the quarter, portion Marketplace GOV — the full dollar worth of orders connected its platforms — roseate 36% to $33.1 billion. Excluding the publication of Deliveroo, which DoorDash acquired, gross grew 24% and Marketplace GOV grew 23%.

GAAP nett income attributable to DoorDash communal stockholders fell 30% year-over-year to $200 million, down from $285 cardinal successful the 2nd 4th of 2025. Research and improvement expenses roseate 52% year-over-year to $535 million, portion wide and administrative expenses climbed 39% to $538 million.

Free currency travel for the 4th came successful astatine $742 million, much than treble the $355 cardinal generated successful the 2nd 4th of 2025. The institution besides said it has repurchased 6.8 cardinal shares of its Class A communal banal for $1.05 cardinal nether a $5 cardinal buyback authorization approved successful February 2025, leaving astir $3.95 cardinal remaining nether that program.

DoorDash said U.S. paid DashPass rank grew much successful the 12 months done the 2nd 4th than it had implicit the erstwhile 24 months combined. DashPass members placed astir 75% of full orders successful the company's U.S. market and retail categories during the quarter. The institution besides said reservations booked done its marketplaces accrued much than 150% quarter-over-quarter, pursuing its enlargement of edifice preservation services utilizing its SevenRooms platform.

On the exertion front, DoorDash said it precocious earned Part 135 aerial bearer certification from the Federal Aviation Administration for its DoorDash Air drone transportation program. Its land-based transportation robot, Dot, is expected to grip a precocious single-digit percent of orders successful its largest trial marketplace by year-end. The institution said it expects its caller planetary exertion level to beryllium afloat rolled retired successful the archetypal fractional of 2027.

For the 2nd fractional of 2026, the institution said adjusted EBITDA arsenic a percent of Marketplace GOV is expected to travel a signifier akin to the 2nd fractional of 2025, with a quarter-over-quarter summation successful the 3rd 4th followed by a diminution successful the 4th quarter, driven by seasonal increases successful Dasher costs, higher security expenses, and increasing concern successful its exertion level and autonomy initiatives.