DASH · 8-K · 20260805PR000048

Operating Income and Margins

DoorDash, Inc. · 2026-08-05 · Importance 45 · Surprise 38 · No source text

GAAP income from operations was $156 million in Q2 2026 versus $163 million in Q2 2025, despite revenue increasing 36% year over year to $4.454 billion. GAAP net income attributable to common stockholders decreased 30% year over year to $200 million but increased 9% sequentially from $184 million. Adjusted EBITDA increased 40% year over year to $914 million and 21% sequentially, with Adjusted EBITDA Margin rising to 2.8% of Marketplace GOV from 2.7% a year earlier and 2.4% in Q1 2026. Depreciation and amortization increased to $295 million in Q2 2026 from $159 million a year earlier, contributing to the difference between GAAP operating income and adjusted EBITDA.

Key facts

• Adjusted EBITDA in Q2 2026: $914 million, increased 40% year-over-year. source
• Net income including redeemable non-controlling interests for three months ended June 30, 2026: $199 million (compared to $284 million in Q2 2025). source
• Basic net income per share attributable to DoorDash common stockholders for three months ended June 30, 2026: $0.46 (down from $0.67 in Q2 2025). source
• Diluted net income per share for three months ended June 30, 2026: $0.46 (compared to $0.65 in Q2 2025). source
• GAAP net income attributable to DoorDash, Inc. common stockholders in Q2 2026: $200 million, decreased 30% year-over-year. source
• GAAP net income attributable to DoorDash, Inc. common stockholders was $200 million in Q2 2026, down from $285 million in Q2 2025 and up from $184 million in Q1 2026. source
• Adjusted EBITDA as a % of Marketplace GOV in Q2 2026: 2.8%. source

Impact estimates