Instacart Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,864	3,742	3,378	3,042	2,551	1,834
Revenue Growth (YoY)	11.84%	10.78%	11.04%	19.25%	39.09%	24.17%
Cost of Revenue	1,039	984	836	764	720	608
Gross Profit	2,825	2,758	2,542	2,278	1,831	1,226
Selling, General & Admin	1,584	1,610	1,449	2,108	1,251	944
Research & Development	670	650	604	2,312	518	368
Total Operating Expenses	2,254	2,260	2,053	4,420	1,769	1,312
Operating Income	569	498	489	-2,142	62	-86
Interest Income	49	57	66	81	17	2
Other Non-Operating Income (Expense)	-2	-1	-	3	8	-12
Total Non-Operating Income (Expense)	47	56	66	84	25	-10
Pretax Income	620	556	552	-2,061	71	-72
Provision for Income Taxes	135	109	95	-439	-357	1
Net Income	477	438	448	-1,624	77	-73
Net Income Attributable to Preferred Dividends	6	-9	-9	-	351	-
Net Income to Common	477	438	448	-1,624	77	-73
Net Income Growth	12.50%	-2.23%	-	-	-	-
Shares Outstanding (Basic)	256	261	265	131	72	66
Shares Outstanding (Diluted)	271	280	289	131	101	66
Shares Change (YoY)	-3.83%	-3.30%	121.38%	28.71%	54.05%	13.71%
EPS (Basic)	1.87	1.68	1.69	-12.43	1.08	-1.12
EPS (Diluted)	1.79	1.60	1.58	-12.43	0.96	-1.12
EPS Growth	17.76%	1.27%	-	-	-	-
Shares Outstanding	236.71	242.87	260.96	279.05	72.92	70.22
Free Cash Flow	861	948	687	610	253	-217
Free Cash Flow Growth	-9.18%	37.99%	12.62%	141.11%	-	-
Free Cash Flow Per Share	3.18	3.39	2.38	4.67	2.49	-3.29
Gross Margin	73.11%	73.70%	75.25%	74.88%	71.78%	66.85%
Operating Margin	14.73%	13.31%	14.48%	-70.41%	2.43%	-4.69%
Profit Margin	12.55%	11.95%	13.53%	-53.32%	16.78%	-3.98%
FCF Margin	22.28%	25.33%	20.34%	20.05%	9.92%	-11.83%
EBITDA	677	597	556	-2,085	109	-59
EBITDA Margin	17.52%	15.95%	16.46%	-68.54%	4.27%	-3.22%
EBIT	569	498	489	-2,142	62	-86
EBIT Margin	14.73%	13.31%	14.48%	-70.41%	2.43%	-4.69%
Effective Tax Rate	21.77%	19.60%	17.21%	21.30%	-502.82%	-1.39%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q