DoorDash continued its rapid expansion in the on-demand delivery space, posting 933 million total orders in the first quarter of 2026 — a 27% increase from the year-ago period and often rounded up in coverage as “nearly 1 billion orders.”
The company reported its Q1 results after the market close on May 6, with Marketplace Gross Order Value (GOV) climbing 37% year-over-year to $31.6 billion. Revenue rose 33% to $4.04 billion, while the company delivered an earnings per share beat despite a slight revenue miss versus Wall Street expectations.
Adjusted EBITDA increased 28% to $754 million, reflecting continued operational improvements. GAAP net income came in at $184 million, with diluted EPS of $0.42, surpassing analyst estimates of approximately $0.36–$0.37.
DoorDash pointed to broad-based consumer demand, with particular strength in grocery and retail categories beyond restaurants. Record engagement with its DashPass subscription service, along with gains in monthly active users and platform usage, helped fuel the results. International expansion, including the integration of Deliveroo, also contributed to the momentum.
The company highlighted AI and product enhancements aimed at improving discovery, fulfillment, and overall user experience as additional tailwinds.
Q2 Outlook Tops Expectations
DoorDash offered upbeat guidance for the current quarter, projecting Marketplace GOV in the range of $32.4 billion to $33.4 billion, above consensus forecasts. That optimistic outlook, combined with the solid profitability metrics, helped overshadow a modest revenue shortfall.
Shares of DoorDash rose significantly in after-hours trading, climbing around 10-15% following the report as investors focused on the order volume strength, margin progress, and forward momentum.
Financial Snapshot
- Total Orders: 933 million (+27% Y/Y)
- Marketplace GOV: $31.6 billion (+37% Y/Y)
- Revenue: $4.04 billion (+33% Y/Y)
- Adjusted EBITDA: $754 million (+28% Y/Y)
- Free Cash Flow: $420 million
Management noted some weather-related impacts from winter storms during the quarter, as well as stepped-up investments in technology infrastructure and driver incentives. Those costs were partially offset by efficiency gains elsewhere.
DoorDash remains the clear leader in U.S. on-demand delivery while pushing further into new categories and international markets. The combination of sustained volume growth, subscription loyalty, and improving unit economics keeps the company well-positioned in a competitive landscape.
