Instacart Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Revenue	3,455	3,378	3,042	2,551	1,834	1,477	Upgrade
Revenue Growth (YoY)	11.34%	11.04%	19.25%	39.09%	24.17%	590.19%	Upgrade
Cost of Revenue	856	836	764	720	608	598	Upgrade
Gross Profit	2,599	2,542	2,278	1,831	1,226	879	Upgrade
Selling, General & Admin	1,501	1,429	2,102	1,248	934	759	Upgrade
Research & Development	620	580	2,298	517	365	194	Upgrade
Other Operating Expenses	21	24	24	-	-	-	Upgrade
Operating Expenses	2,142	2,033	4,424	1,765	1,299	953	Upgrade
Operating Income	457	509	-2,146	66	-73	-74	Upgrade
Interest & Investment Income	58	66	81	17	2	5	Upgrade
Currency Exchange Gain (Loss)	-3	-3	-	-8	1	-	Upgrade
EBT Excluding Unusual Items	513	572	-2,065	75	-70	-69	Upgrade
Merger & Restructuring Charges	-2	-20	4	-4	-10	-1	Upgrade
Legal Settlements	-	-	-	-	11	-	Upgrade
Other Unusual Items	-	-	-	-	-3	-	Upgrade
Pretax Income	511	552	-2,061	71	-72	-70	Upgrade
Income Tax Expense	78	95	-439	-357	1	-	Upgrade
Net Income	433	457	-1,622	428	-73	-70	Upgrade
Preferred Dividends & Other Adjustments	9	9	2	351	-	-	Upgrade
Net Income to Common	424	448	-1,624	77	-73	-70	Upgrade
Shares Outstanding (Basic)	262	265	131	72	66	58	Upgrade
Shares Outstanding (Diluted)	283	289	131	101	66	58	Upgrade
Shares Change (YoY)	56.09%	121.38%	28.71%	54.05%	13.71%	5.88%	Upgrade
EPS (Basic)	1.62	1.69	-12.43	1.07	-1.11	-1.21	Upgrade
EPS (Diluted)	1.52	1.58	-12.43	0.96	-1.12	-1.21	Upgrade
Free Cash Flow	812	623	532	253	-217	-98	Upgrade
Free Cash Flow Per Share	2.87	2.15	4.07	2.49	-3.29	-1.69	Upgrade
Gross Margin	75.22%	75.25%	74.89%	71.78%	66.85%	59.51%	Upgrade
Operating Margin	13.23%	15.07%	-70.55%	2.59%	-3.98%	-5.01%	Upgrade
Profit Margin	12.27%	13.26%	-53.39%	3.02%	-3.98%	-4.74%	Upgrade
Free Cash Flow Margin	23.50%	18.44%	17.49%	9.92%	-11.83%	-6.64%	Upgrade
EBITDA	490	543	-2,108	96	-60	-67	Upgrade
EBITDA Margin	14.18%	16.07%	-69.30%	3.76%	-3.27%	-4.54%	Upgrade
D&A For EBITDA	33	34	38	30	13	7	Upgrade
EBIT	457	509	-2,146	66	-73	-74	Upgrade
EBIT Margin	13.23%	15.07%	-70.55%	2.59%	-3.98%	-5.01%	Upgrade
Effective Tax Rate	15.26%	17.21%	-	-	-	-	Upgrade
Advertising Expenses	-	-	-	-	270	110	Upgrade

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q