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Gotrade News - DoorDash (DASH) reported third-quarter 2026 revenue of $4.6 billion, up 34% year over year, and net income of $466 million, up 91%, according to DoorDash's official release on Thursday, October 29, 2026. The company also agreed to acquire Instacart for $65.00 per share.
Regular-session close on October 29, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com.
What DoorDash Announced
For the quarter ended September 30, 2026, DoorDash said Total Orders increased 28% year over year to 993 million and Marketplace GOV increased 36% to $33.9 billion. Revenue was $4,616 million, compared with $3,446 million a year earlier, and GAAP net income attributable to common stockholders was $466 million, compared with $244 million. Adjusted EBITDA increased 41% to $1,060 million. Excluding the impact of Deliveroo, revenue grew 23% year over year, the company said.
DoorDash and Instacart also announced a definitive agreement under which DoorDash will acquire Instacart for $65.00 per Instacart share, an equity value of approximately $17 billion, payable in at least 75% cash and up to 25% DoorDash common stock, subject to election and proration. The release said the price is a 26% premium to Instacart's closing price on Thursday, October 22, 2026, the last trading day before media reports about a possible transaction. The transaction is expected to close in the end of 2027 or the first half of 2028, subject to Instacart stockholder approval, regulatory approvals and other customary closing conditions.
Why It Matters for DASH
DoorDash said Marketplace GOV in its U.S. grocery and retail categories grew at more than double the pace of its U.S. restaurant category in the quarter, and that its international marketplaces saw accelerated year-over-year growth in Marketplace GOV.
On the deal, DoorDash said Instacart adds scale that is unique to its network and that it sees a multi-year path to $500 million or more of annual synergies, net of investments. It expects to invest more than 100% of total synergies in the first year after close, with net synergies from year two onward, the company said. DoorDash plans to fund the cash portion with cash on hand and debt financing, and said it is targeting a capital structure that maintains investment-grade ratings.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
