DoorDash reported second quarter 2026 results with total orders climbing 27% year over year to 970 million and revenue rising 36% to $4.5 billion, while GAAP net income fell 30% to $200 million. Marketplace gross order value increased 36% to $33.1 billion, and adjusted EBITDA reached $914 million, exceeding the company's own expectations. DashPass membership growth accelerated, with more paid US members added in the past twelve months than in the prior two years combined, and members now account for roughly 75% of orders in grocery and retail categories. The company also highlighted international gains from the Deliveroo acquisition and investments in autonomous delivery, including FAA Part 135 certification for drone testing. However, costs rose sharply, with R&D expense up 52% and G&A up 39%, and management flagged a potential dip in adjusted EBITDA margin in the fourth quarter along with a $700 million to $800 million free cash flow headwind from a merchant payment timing shift.
DoorDash, Inc. Class A Common StockOrders and revenue grew strongly, with DashPass membership accelerating.
Datadog IncInternational gains from the Deliveroo acquisition were highlighted.
