DoorDash, Inc.

DASH Consumer Cyclical Internet Retail

DoorDash, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $13.7 billion, up 27.9% from fiscal 2024.

Revenue
+34.0%
EPS
+87.7%
Free cash flow
+8.85%
Total debt
+0.22%

Quarter to September 2026, against a year earlier

179.47 0.45 −0.25%
Market cap
$78.5B
P/E
74.2×
Fwd P/E
64.3×
Dividend yield
—
F-score
5/9
Altman Z
6.69
Beneish M
−2.37
Dividend safety
n/a

DoorDash, Inc. (DASH) Gross margin

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DoorDash, Inc.'s gross margin over the twelve months to 30 September 2026 was 51.9%, up 1.0 percentage points from fiscal 2025 (50.9%). Over the past ten years it has ranged from 21.7% (fiscal 2018) to 52.6% (fiscal 2020); the current reading is higher than 75% of that period. That is above the Internet Retail industry median of 44.0% and above the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 50.9% 2.57
FY2024 48.3% 1.45
FY2023 46.9% 1.36
FY2022 45.5% (6.67)
FY2021 52.2% (0.43)
FY2020 52.6% 11.70
FY2019 40.9% 19.25
FY2018 21.7% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 53.0% 0.28
Jun 2026 52.7% 2.05
Mar 2026 50.6% (0.43)
Dec 2025 51.1% 0.03
24 more quarters

Against its own ten years

Low 21.7% High 52.6%
Ten-year median 47.6%
Current reading's percentile 84

Gross margin against peers

Company Gross margin
EBAY eBay Inc. compare 72.2%
PDD PDD Holdings Inc. Sponsored ADR compare 56.3%
DASH DoorDash, Inc. 51.9%
SE Sea Limited Sponsored ADR compare 44.3%
MELI MercadoLibre, Inc. compare 42.0%
BABA Alibaba Group Holding Limited compare 38.3%
W Wayfair Inc. compare 30.0%
CPNG Coupang, Inc. compare 27.4%
JD JD.com, Inc. compare 16.6%
Internet Retail industry median 44.0%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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