DoorDash's first quarter 2026 Marketplace GOV grew 37% to $31.6B, beating estimates, though revenue slightly missed.

DoorDash reported strong growth in its key metrics for the first quarter, with revenue increasing 33% year-over-year to $4.0 billion, slightly missing analyst estimates of $4.12 billion. Diluted EPS of $0.42 beat expectations of $0.41. The company's Marketplace Gross Order Value (GOV) grew 37% to $31.6 billion, ahead of the $31.49 billion consensus.

Key Highlights

• Marketplace GOV grew 37% year-over-year to $31.6 billion, exceeding analyst expectations and driven by sustained consumer demand and the Deliveroo acquisition.
• Total Orders reached 933 million for the quarter, an increase of 27% from the prior year, primarily due to growth in the number of consumers.
• Adjusted EBITDA increased 28% year-over-year to $754 million, though the margin as a percentage of GOV declined to 2.4% from 2.6% a year ago.
• The company guided second quarter Marketplace GOV to a range of $32.4 billion to $33.4 billion and Adjusted EBITDA to between $770 million and $870 million.