DASH · 10-Q · 2026Q3 · Full report
Gross Margin Drivers
DoorDash, Inc. · 2026-10-30 · Importance 64 · Surprise 56 · In source text
Third-quarter GAAP gross profit increased to $2.311 billion from $1.689 billion, while gross margin declined to 50.1% from 49.0%. For the first nine months, gross profit rose to $6.478 billion from $4.775 billion, and gross margin decreased to 49.4% from 48.9%. Third-quarter cost of revenue excluding depreciation and amortization rose 29% to $2.171 billion, including a $320 million increase in order management costs and a $117 million increase in platform costs, both primarily reflecting Total Orders growth.
Key facts
- Cost of revenue, excluding depreciation and amortization, increased by $484 million, or 29%, in the third quarter of 2026 year over year, including a $320 million increase in order management costs and a $117 million increase in platform costs, both primarily driven by Total Orders growth. source
- Cost of revenue, excluding depreciation and amortization, increased by $1.5 billion, or 31%, in the first nine months of 2026 year over year, including a $934 million increase in order management costs and a $353 million increase in platform costs, both primarily driven by Total Orders growth. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -32.5% | Cost of revenue, excluding depreciation and amortization, increased by $1.5 billion, or 31%, in the first nine months of 2026 year over… |