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	Jun '26 Jun 30, 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	3,993	3,742	3,378	3,042	2,551	1,834
Revenue Growth	12.61%	10.78%	11.04%	19.25%	39.09%	24.17%
Cost of Revenue	1,095	984	836	764	720	608
Gross Profit	2,898	2,758	2,542	2,278	1,831	1,226
Selling, General & Admin	1,587	1,597	1,415	2,067	1,248	934
Research & Development	695	638	580	2,298	517	365
Other Operating Expenses	21	23	38	59	-	-
Operating Expenses	2,303	2,258	2,033	4,424	1,765	1,299
Operating Income	595	500	509	-2,146	66	-73
Interest & Investment Income	39	57	66	81	17	2
Currency Exchange Gain (Loss)	1	1	-3	-	-8	1
EBT Excluding Unusual Items	632	558	572	-2,065	75	-70
Merger & Restructuring Charges	-5	-2	-20	4	-4	-10
Legal Settlements	-	-	-	-	-	11
Other Unusual Items	-	-	-	-	-	-3
Pretax Income	627	556	552	-2,061	71	-72
Income Tax Expense	146	109	95	-439	-357	1
Net Income	481	447	457	-1,622	428	-73
Preferred Dividends & Other Adjustments	9	9	9	2	351	-
Net Income to Common	472	438	448	-1,624	77	-73
Net Income Growth	-1.46%	-2.23%	-	-	-	-
Shares Outstanding (Basic)	249	261	265	131	72	66
Shares Outstanding (Diluted)	264	280	289	131	101	66
Shares Change	-7.21%	-3.30%	121.38%	28.71%	54.05%	13.71%
EPS (Basic)	1.90	1.68	1.69	-12.43	1.07	-1.11
EPS (Diluted)	1.82	1.60	1.58	-12.43	0.96	-1.12
EPS Growth	5.20%	1.15%	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	1,176	910	623	532	253	-217
Free Cash Flow Per Share	4.45	3.25	2.15	4.07	2.49	-3.29
Gross Margin	72.58%	73.70%	75.25%	74.89%	71.78%	66.85%
Operating Margin	14.90%	13.36%	15.07%	-70.55%	2.59%	-3.98%
Profit Margin	11.82%	11.71%	13.26%	-53.39%	3.02%	-3.98%
Free Cash Flow Margin	29.45%	24.32%	18.44%	17.49%	9.92%	-11.83%
EBITDA	625	531	543	-2,108	96	-60
EBITDA Margin	15.65%	14.19%	16.07%	-69.30%	3.76%	-3.27%
D&A For EBITDA	30	31	34	38	30	13
EBIT	595	500	509	-2,146	66	-73
EBIT Margin	14.90%	13.36%	15.07%	-70.55%	2.59%	-3.98%
Effective Tax Rate	23.29%	19.60%	17.21%	-	-	-
Advertising Expenses	-	485	457	388	426	270

SEC Filings: 10-K · 10-Q