Instacart Reports Fiscal Year 2025 Results with 11% Revenue Growth

**Instacart Reports Fiscal Year 2025 Results, Demonstrates Continued Growth and Profitability**

Maplebear Inc., operating as Instacart, has released its financial results for the fiscal year 2025, showcasing a year of growth and sustained profitability. The company reported total revenue of $3.742 billion, an 11% increase compared to the $3.378 billion reported in 2024. This growth was fueled by an increase in both transaction revenue, which rose to $2.677 billion, and advertising and other revenue, which reached $1.065 billion. Net income for the year stood at $447 million, slightly down from $457 million in the previous year, representing 12% of revenue.

Key operational metrics also reflected positive trends. Orders increased by 15% to 338.8 million, up from 294.0 million in 2024, indicating strong customer acquisition and engagement. Gross Transaction Value (GTV), the total value of products sold through the platform, grew by 11% to $37.224 billion. Gross profit increased by 8% to $2.758 billion, although gross margin experienced a slight decrease to 74%. The company's Adjusted EBITDA, a non-GAAP measure reflecting operational profitability, increased by 23% to $1.087 billion, representing an Adjusted EBITDA margin of 29%.

Throughout the year, Instacart focused on strategic developments to enhance its platform and expand its offerings. In April 2025, the company acquired Wynshop, a provider of e-commerce retail solutions, for $106 million in cash, aiming to strengthen its relationships with retail partners and enhance its technology offerings. The company also continued to invest in its Instacart Ads platform, driving growth in advertising revenue through increased volume and engagement. Furthermore, the company continued to execute its share repurchase program, repurchasing and retiring 33 million shares of its common stock for $1.349 billion, including broker commissions, fees, and excise taxes.

Looking ahead, Instacart anticipates continued growth in its core business and expansion of its strategic initiatives. The company expects to benefit from its investments in technology, partnerships, and new offerings, while also navigating macroeconomic challenges and regulatory developments. However, the company acknowledges potential risks, including increased competition, evolving consumer behavior, and regulatory changes related to worker classification and data privacy. The company's financial outlook is subject to various factors, including its ability to attract and retain customers, manage costs, and adapt to changing market conditions.