Maplebear (CART) Margins & Profitability 2023-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 72.0%
EBITDA Margin: 16.8%
Op. Margin: 13.7%
Net Margin: 10.6%

Op. margin of 13.7% is up 0.1% YoY — cost efficiency is improving. Net margin at 10.6% and gross margin of 72.0% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit