Quarterly ResultMay 7, 2026, 04:21 PM
Instacart Q1 Revenue $1.02B, Net Income $144M; EPS $0.59
AI Summary
Instacart reported strong first-quarter 2026 financial results, with revenue increasing to $1.02 billion and net income rising to $144 million. Basic earnings per share also saw significant growth, reaching $0.59. The company completed an accelerated share repurchase program, buying back $359 million in common stock during the quarter, and acquired Wynshop in April 2025 for $106 million to enhance its e-commerce solutions for retailers.
Key Highlights
- Revenue increased 13.6% to $1.02 billion for the three months ended March 31, 2026.
- Net income rose 35.8% to $144 million for the three months ended March 31, 2026.
- Basic EPS grew 47.5% to $0.59 per share for the quarter.
- Gross profit increased 10.0% to $738 million.
- Income from operations surged 65.5% to $182 million.
- Net cash provided by operating activities was $268 million.
- Repurchased $359 million of common stock, completing an ASR agreement.
- Acquired Wynshop for $106 million in cash on April 30, 2025.
Price Impact
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