Quarterly ResultAug 6, 2026, 04:22 PM
Instacart Q2 GTV +14% to $10.35B; Adj. EBITDA +19% to $313M
AI Summary
Instacart (Maplebear Inc.) announced strong second-quarter 2026 financial results, with Gross Transaction Value (GTV) and total revenue both growing 14% year-over-year. Adjusted EBITDA saw a significant 19% increase, and the company generated substantial operating and free cash flow. Instacart also highlighted strategic advancements including the acquisition of Arpalus, expansion of enterprise solutions, new AI partnerships, and a collaboration with Google Gemini, while providing positive guidance for Q3 2026.
Key Highlights
- GTV grew 14% year-over-year to $10,351 million.
- Total revenue increased 14% year-over-year to $1,043 million.
- Adjusted EBITDA rose 19% year-over-year to $313 million.
- GAAP net income was $111 million, a 4% decrease year-over-year.
- Operating cash flow surged 143% to $493 million, and free cash flow increased 156% to $480 million.
- Repurchased $325 million in shares during the quarter.
- Acquired Arpalus, a computer vision company, to strengthen inventory intelligence.
- Q3 2026 GTV guidance set at $10,300 - $10,550 million, with Adjusted EBITDA guidance at $320 - $340 million.
Price Impact
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