DoorDash, Inc. · 2026 Q2
ReportedAug 5, 2026
Period endedJun 30, 2026
Rule of 40+55
Consensus vs reported
EPS
MISS -8%
$0.46
vs $0.50 expected
QoQ+9.5%
YoY-29.2%
Revenue
BEAT +3%
$4.45B
vs $4.32B expected
QoQ+10.4%
YoY+35.6%
QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.
Reported this quarter
Revenue
$4.45B
QoQ +10.4%
YoY +35.6%
EPS
$0.46
QoQ +9.5%
YoY -29.2%
Free Cash Flow
$883M
QoQ +64.4%
YoY +101.6%
Gross Margin
52.7%
QoQ +2.0 pp
YoY +1.9 pp
FCF Margin
19.8%
QoQ +6.5 pp
YoY +6.5 pp
Each tile opens the full quarterly series. Download the numbers as CSV or JSON.
What we learned
- The three-quarter band broke, and it broke on the cash half. 52.5 against 46.94, 46.42 and 50.80 behind it, from a 16.49% free-cash-flow margin on top of 36% revenue growth — not from the growth term.
- Which free cash flow you use moves the score, and here the house number is the larger one. DoorDash called $742M of its $944M operating cash flow free; on our definition — operating cash flow less purchases of property and equipment — the score comes out higher , and we will restate it when the 10-Q gives…
- The full-year outlook carries a cash warning the headline does not. DoorDash expects a negative $700M–$800M free-cash-flow impact in 2026 from merchant payment timing. It never touches adjusted EBITDA, and it lands squarely on the half of the score that just cleared the band.
- Adjusted EBITDA rose 40% and GAAP net income fell 30% in the same quarter. Full-year stock-based compensation of $1.2–1.3B and D&A of $1.1–1.2B are the distance between them.
- The guide decelerates hard from what was just delivered. Q3 Marketplace GOV of $33.0–34.0B against the $33.1B just printed is roughly flat, after 36% growth — which is why the shares fell after hours on a revenue beat.
Read the full analysis: DoorDash Broke Out of Its Rule of 40 Band and Missed on EPS Anyway →
Coverage around this release
Estimate against reported
Our published estimate
Reported EPS
Average surprise -8% over 3 graded quarters
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2024 Q3 | — | $0.38 | — |
| 2024 Q4 | — | $0.33 | — |
| 2025 Q1 | — | $0.44 | — |
| 2025 Q2 | — | $0.65 | — |
| 2025 Q3 | $0.69 | $0.55 | -20% |
| 2025 Q4 | $0.59 | $0.48 | -19% |
| 2026 Q1 | $0.37 | $0.42 | +14% |
| 2026 Q2 | $0.50 | $0.46 | -8% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Sources & downloads
Company
Published by the company on the day of the release.
HTML
Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1792789.
JSON
Company facts (XBRL)
Every figure DASH has reported to the SEC
R40 data
The numbers shown on this page, as we hold them.
CSV
This quarter (CSV)
Reported metrics for 2026 Q2, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings