DASH · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

DoorDash, Inc. · 2026-08-05 · Importance 24 · Surprise 42

DoorDash recorded a $13 million income-tax benefit in the second quarter of 2025 but a $13 million income-tax provision in the second quarter of 2026. The 2026 provision primarily reflected state and foreign income taxes on pre-tax book income. The 2025 benefit primarily reflected a one-time release of part of the U.S. valuation allowance related to acquisitions, partly offset by federal and state taxes. The company maintained valuation allowances on U.S., U.K., and Finland deferred tax assets as of the filing period.

Key facts

• The Company expects to maintain valuation allowances for net deferred tax assets in the U.S., the U.K., and Finland until it is more-likely-than-not that benefits will be realized by way of expected future taxable income in those jurisdictions. source
• Provision for income taxes for the three months ended June 30, 2026: $13 million (provision). source