| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.0K | 13.6% |
| Total Income | 1.0K | 13.6% |
| Expenditure | 837.00 | 6.3% |
| PBT | — | |
| Net Profit | 144.00 | 35.9% |
| OPM | 17.86% | 5.60pp |
| NPM | 14.13% | 2.31pp |
| EPS | 0.59 | 47.5% |
Instacart Announces Q1 2026: Revenue Up 14% Y-o-Y to $1.019 Billion
06 May 2026 · 6 May, 4:38 pm
Summary
Instacart reported strong financial results for Q1 2026, with GTV surpassing $10 billion and total revenue exceeding $1 billion for the first time. Total revenue grew by 14% year-over-year to $1,019 million, and GAAP net income increased by 36% to $144 million. The company's adjusted EBITDA also saw a significant increase of 23%, reaching $300 million. Instacart is focused on reinvesting to accelerate growth, pursuing strategic M&A, and opportunistically returning capital through share repurchases.
Key Highlights
- 1
Instacart's GTV grew by 13% year-over-year, reaching $10,288 million in Q1 2026.
- 2
Total revenue increased by 14% year-over-year to $1,019 million, representing 9.9% of GTV.
- 3
GAAP net income rose by 36% year-over-year to $144 million, accounting for 14% of total revenue.
- 4
Adjusted EBITDA increased by 23% year-over-year to $300 million, representing 29% of total revenue.
- 5
Orders increased by 10% year-over-year, totaling 91.2 million in Q1 2026.
- 6
The company repurchased $349 million in shares and ended the quarter with approximately $880 million in cash and similar assets.
- 7
Advertising and other revenue grew by 16% year-over-year to $286 million, representing 2.8% of GTV.
Management Comments
Chris Rogers
Q1 was a milestone quarter — surpassing $10 billion in GTV and $1 billion in total revenue for the first time. These results prove that our strategy is working. We’re the leading grocery technology platform, delivering a best-in-class consumer experience, powering retailers across marketplace and enterprise, and operating a scaled ads ecosystem.Each part of our platform is getting stronger — and they’re compounding together. That foundation positions us to invest in new initiatives like AI Solutions, international expansion, and in-store technologies that will help accelerate our growth over time.
Emily Reuter
We started the year with strong momentum, delivering a ninth consecutive quarter of double-digit GTV growth and our fastest advertising and other revenue growth since Q3 2023. We also continued to expand profitability year-over-year while generating meaningful free cash flow.Our operating fundamentals are solid and give us the flexibility to reinvest to further accelerate growth, pursue strategic M&A, and opportunistically return capital through share repurchases as we focus on maximizing long-term shareholder value.
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