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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.87B | +24.8% | $0.33 | +183.5% | 4.1% | 4.9% | $420M |
| FY2025 Q1 | $3.03B | +20.7% | $0.44 | +876.0% | 5.1% | 6.4% | $494M |
| FY2025 Q2 | $3.28B | +24.9% | $0.65 | +271.1% | 5.0% | 8.7% | $355M |
| FY2025 Q3 | $3.45B | +27.3% | $0.55 | +44.7% | 7.5% | 7.1% | $723M |
| FY2025 Q4 | $3.96B | +37.7% | $0.48 | +47.4% | 3.7% | 5.4% | $254M |
| FY2026 Q1 | $4.04B | +33.1% | $0.42 | -4.5% | 3.7% | 4.5% | $420M |
| FY2026 Q2 | $4.45B | +35.6% | $0.46 | -29.2% | 3.5% | 4.5% | $1.42B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Youssef Squali | Truist Securities | 13 (31%) |
| Shweta Khajuria | Wolfe Research | 13 (0%) |
| Deepak Mathivanan | Cantor Fitzgerald | 12 (8%) |
| Nikhil Devnani | Bernstein | 11 (18%) |
| Michael Morton | MoffettNathanson | 10 (30%) |
| Brian Nowak | Morgan Stanley | 8 (13%) |
| Andrew Boone | Citizens JMP Securities | 8 (0%) |
| Jason Helfstein | Oppenheimer | 6 (17%) |
| Ross Sandler | Barclays | 6 (0%) |
| Ken Gawrelski | Wells Fargo | 5 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 1 | 13 (0%) |
| Truist Securities | 1 | 13 (31%) |
| Cantor Fitzgerald | 1 | 12 (8%) |
| Bernstein | 1 |
| 11 (18%) |
| MoffettNathanson | 1 | 10 (30%) |
| Citizens JMP Securities | 1 | 8 (0%) |
| Morgan Stanley | 1 | 8 (13%) |
| Bank of America | 2 | 8 (0%) |
DoorDash delivered exceptional Q1 FY2026 revenue growth of approximately 33% year-over-year across all geographies, growing at near historical highs. Grocery and new verticals approached profitability, while the advertising business reached record levels. Margin compression occurred despite revenue scale due to the gas rewards program and investment cycle. The global tech replatforming for AI-native architecture was on track, and about 30% of monthly active users ordered from categories outside of restaurants.
Innovation & R&D | Demand | Margin | Revenue Growth | Product Launch | Cloud & AI | Competitive Dynamics | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 6 | 4 | 3 | 4 | 2 | 2 | 2 |
| 2025Q1 | 4 | 6 | 4 | 2 | 2 | 2 | 3 | 1 |
| 2025Q2 | 7 | 7 | 5 | 3 | 3 | 3 | 1 | |
| 2025Q3 | 5 | 3 | 7 | 2 | 5 | 2 | 3 | 5 |
| 2025Q4 | 8 | 6 | 8 | 4 | 5 | 4 | 3 | 4 |
| 2026Q1 | 6 | 3 | 3 | 6 | 1 | 5 | 4 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Innovation & R&D | 4 | 4 | 7 | 5 | 8 | 6 |
| Demand | 6 | 6 | 7 | 3 | 6 | 3 |
| Margin | 4 | 4 | 5 | 7 | 8 | 3 |
| Revenue Growth | 3 | 2 | 3 | 2 | 4 | 6 |
| Product Launch | 4 | 2 | 3 | 5 | 5 | 1 |
| Cloud & AI | 2 | 2 | 3 | 2 | 4 | 5 |
| Competitive Dynamics | 2 | 3 | 1 | 3 | 3 | 4 |
| Capex Investment | 2 | 1 | 5 | 4 | 3 |
What DASH and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we're activating our Feeding America campaign in partnership with DoorDash.”
Casey's is running a Feeding America charitable campaign in partnership with DoorDash, indicating an ongoing delivery-platform relationship.
“our same-day delivery service offered through Instacart, Uber Eats and DoorDash continue to grow at a faster pace than our overall digital sales.”
DoorDash is one of Costco's same-day delivery partners, a channel growing faster than overall digital sales, a positive read-through for DoorDash's delivery volume.
“DoorDash paying out USDC, the drivers and other global enterprises embracing USDC in their payment flows.”
DoorDash is paying out drivers in USDC, extending stablecoin use into gig-economy payouts.
“consumers took advantage of the hundreds of thousands of new restaurants available for food ordering and delivery through our DoorDash partnership with food ordering revenue up 88% year-over-year.”
Yelp's DoorDash food-ordering partnership drove food ordering revenue up 88%, expanding DoorDash's order funnel via Yelp discovery.
“continues to expand across the U.S. in partnership with Walmart and DoorDash and announced plans to operate in the Bay Area.”
DoorDash is named as a partner in Alphabet's U.S. delivery expansion; the transcript's subject for this sentence is [indiscernible].
“we did some testing on different premiums in delivery across DoorDash and Uber and people use those platforms in different ways.”
Chipotle tests delivery pricing across DoorDash and Uber, characterizing DoorDash as the premium, faster-delivery platform of the two.
“an incremental level of competitive intensity from both DoorDash and Prosus as they have expanded into the market, we've held our own quite well.”
Uber cites DoorDash's expansion into Europe as raising competitive intensity in Delivery; neutral read-through on DoorDash's international push.
“The early results from our new relationship with DoorDash and Uber Eats have exceeded what we originally planned.”
Kroger's new delivery relationship with DoorDash has beaten plan, extending reach with incremental, profitable orders, a positive read-through for DoorDash.
“as well as through third-party partners, DoorDash and Uber Eats”
DoorDash is a third-party delivery partner powering Dollar General's delivery offering, which contributed roughly 80 bps to Q4 comp growth.
“I would argue something similar happened with Amazon where, perhaps at the beginning of the 2010s, Amazon was not a leading player in the product search category, but by the end of the 2010s, Amazon ended up owning a significant percentage of all product search terms related to commerce.”
DoorDash uses Amazon as a benchmark for how a commerce platform can come to own product search over a decade, framing its own catalog ambitions.
“Take, for example, Google food ordering, which allowed you to order through various Google channels—Google Maps, Google Search, and I believe a few others—where you could order restaurant delivery.”
DoorDash cites Google's now-shuttered food ordering as a top-of-funnel channel that drove traffic but poor retention, a read-through on Google's failed direct commerce intermediation in delivery.
“what you are seeing in Europe, particularly Northern Europe, with Uber becoming a little more aggressive”
An analyst flags Uber becoming more aggressive in Northern Europe delivery, framing Uber as DoorDash's key competitor there.
“You announced extension and expansion of your partnership with Lyft.”
DoorDash extended and expanded its membership partnership with Lyft, a read-through to Lyft's rideshare membership tie-ups.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
DASH DoorDash | 7 | +33.1% | |
| EVER EverQuote, Inc. | 8 | +14.5% | |
| GOOGL Alphabet Inc. | 9 | +21.8% | |
| MAX MediaAlpha, Inc. | 8 | +17.3% | |
| META Meta Platforms, Inc. | 8 | +33.1% | |
| NBIS Nebius Group N.V. | 8 | +621.5% | |
| PINS Pinterest, Inc. | 8 | +17.8% | |
| RDDT Reddit, Inc. | 9 | +69.1% | |
| SNAP Snap Inc. | 7 | +12.2% | |
| YELP Yelp Inc. | 6 | +0.8% |