Quarterly ResultMay 6, 2026, 07:08 AM
Instacart Q1 Net Income +36% to $144M; Revenue +14% to $1.02B
AI Summary
Instacart announced strong first-quarter 2026 financial results, with GTV surpassing $10 billion and total revenue exceeding $1 billion for the first time. The company reported a 36% year-over-year increase in GAAP net income to $144 million and a 23% rise in Adjusted EBITDA to $300 million. Additionally, Instacart entered into a new $500 million unsecured revolving credit agreement to support working capital and general corporate purposes, which was undrawn at closing. The company also repurchased $349 million in shares and provided a positive outlook for Q2 2026.
Key Highlights
- Q1 2026 GTV grew 13% year-over-year to $10,288 million.
- Total revenue increased 14% year-over-year to $1,019 million.
- GAAP net income rose 36% year-over-year to $144 million.
- Adjusted EBITDA was $300 million, up 23% year-over-year.
- Repurchased $349 million in shares during the quarter.
- Secured a new $500 million unsecured revolving credit facility.
- Q2 2026 GTV outlook is $10,100 - $10,250 million, up 11-13% YoY.
- Q2 2026 Adjusted EBITDA outlook is $290 - $300 million, up 11-15% YoY.