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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Maplebear Inc. (CART) is 8/10, up 1 point from the prior quarter.
Instacart's fiscal 2026 opened strongly, with GTV up 13% to $10.29 billion and total revenue up 14% to $1.02 billion, crossing $10 billion in GTV and $1 billion in revenue for the first time in a ninth consecutive quarter of double-digit growth. Advertising and other revenue rose 16% to $286 million, the fastest pace since Q3 2023, while GAAP net income climbed 36% to $144 million and adjusted EBITDA grew 23% to $300 million on operating leverage that trimmed adjusted operating expenses to 4.5% of GTV. Growth composition shifted as orders rose 10% and average order value gained 3%, with GAAP gross profit easing to 7.2% of GTV from 7.4% as payments to publishers scaled. Management leaned into enterprise (over 380 storefronts and ALDI's return to Storefront Pro), AI (Cart Assistant now reaching about 25% of U.S. customers plus ChatGPT and Claude integrations), and international expansion via the Instaleap acquisition and Costco launches in Spain and France. Capital return stayed aggressive with $349 million of buybacks and a new $1 billion authorization increase, and management guided Q2 GTV growth of 11% to 13% and adjusted EBITDA of $290 million to $300 million.
Scored from Maplebear Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $883M | +10.0% | $0.53 | +10.4% | 17.6% | 16.8% | $141M |
| FY2025 Q1 | $897M | +9.4% | $0.38 | -20.8% | 12.3% | 11.8% | $280M |
| FY2025 Q2 | $914M | +11.1% | $0.41 | +105.0% | 13.6% | 12.7% | $187M |
| FY2025 Q3 | $939M | +10.2% | $0.51 | +21.4% | 17.7% | 15.3% | $272M |
| FY2025 Q4 | $992M | +12.3% | $0.30 | -43.4% | 9.9% | 8.2% | $171M |
| FY2026 Q1 | $1.02B | +13.6% | $0.57 | +50.0% | 18.1% | 14.1% | $252M |
| FY2026 Q2 | $1.04B | +14.1% | $0.45 | +9.8% | 13.7% | 10.6% | $480M |
All prior quarters are free.
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