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LOS ANGELES--(BUSINESS WIRE)--Windsor, the nationwide fashion retailer known for their trend-forward styles for everyday and occasions, is making it easier than ever for customers to get dressed with the launch of its DoorDash delivery offering. Following its initial launch across 20 stores in the Dallas and Houston area in early July, the brand has since expanded to 15 additional stores across Georgia and Nevada to bring convenient, on-demand fashion delivery to even more customers. Through Do.

SAN FRANCISCO & LOS ANGELES--(BUSINESS WIRE)--Today, DoorDash (NASDAQ: DASH) and SKIMS announced a new partnership to offer on-demand delivery from all SKIMS retail stores across the U.S. Consumers can now shop more than 23,000 styles across shapewear, underwear, loungewear, and more from SKIMS stores on DoorDash, with delivery, on average, in under an hour.* DoorDash is SKIMS' first on-demand delivery partner, and SKIMS is the first brand on DoorDash to offer a selection spanning undergarments.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

DoorDash (DASH) reported earnings 30 days ago. What's next for the stock?

Customers can now shop thousands of Natural Grocers products online for on-demand delivery from all 174 stores nationwide

, /PRNewswire/ -- Natural Grocers®, the nation's largest family-operated natural and organic grocery retailer, announces a new partnership with DoorDash, making grocery delivery available from all 174 Natural Grocers locations nationwide.

Natural Grocers® and DoorDash are bringing trusted natural and organic products directly to customers' doors nationwide, expanding access while maintaining the quality and value shoppers expect. Customers can now shop thousands of Natural Grocers products online, including 100% USDA-certified organic produce, responsibly sourced meats and seafood, dietary supplements, body care, household essentials and other grocery favorites for on-demand delivery or scheduled delivery through the DoorDash app. The new service offers customers a convenient way to access the high-quality products they trust while enjoying the same Always AffordableSM prices available in stores.

As part of the offering, a Dasher will shop a customer's requested products from a local Natural Grocers store and deliver them directly to the address provided.

EXPANDING ACCESS TO NATURAL GROCERS
The new delivery service builds on Natural Grocers' longstanding commitment to making high-quality natural and organic groceries more accessible to communities. From busy families and working professionals to customers who prefer the convenience of on-demand delivery, the partnership provides a flexible new way to shop while maintaining the company's rigorous product standards.

"At Natural Grocers, we've spent more than 70 years helping customers access high-quality natural and organic products at affordable prices," said Raquel Isely, vice president of marketing at Natural Grocers. "This partnership with DoorDash gives customers another convenient way to shop our stores while continuing to enjoy the quality standards, value and trusted products that define the Natural Grocers experience."

Natural Grocers' customers can browse nearly every product category available in stores, including fresh produce, dairy, frozen foods, supplements and body care products.

To place an on-demand delivery order, customers can search for Natural Grocers in the DoorDash app. {N}POWER® BENEFITS ONLINE
Natural Grocers' free member rewards program, {N}power, is also integrated into the online shopping experience. Members who enter the phone number associated with their account can access eligible {N}power pricing, just as they do in stores. Customers are not required to create an account to place an order, although membership offers additional savings and benefits.*

*Signing up is quick, easy and free. Customers who join will receive a $2 reward off their next in-store purchase, plus over $12 in coupons, during their first month: www.naturalgrocers.com/npower. Customers can also  download the Natural Grocers App to unlock access to {N}power rewards, digital coupons and more.

Learn more about Natural Grocers' grocery standards by visiting naturalgrocers.com/standards/grocery-standards. Click here for a media kit, courtesy of Natural Grocers. For media inquiries, email [email protected].  ABOUT NATURAL GROCERS BY VITAMIN COTTAGE
Founded in 1955, Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care products and dietary supplements. The grocery products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial flavors, preservatives or sweeteners (as defined by its standards), synthetic colors or partially hydrogenated or hydrogenated oils. The Company sells only USDA-certified organic produce and exclusively pasture-raised, non-confinement dairy products and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, clean and convenient retail environment. The Company also provides extensive free science-based Nutrition Education programs to help customers and Crew make informed health and nutrition choices. Natural Grocers is committed to its Five Founding Principles—including its "Commitment to Community" and "Commitment to Crew." In fiscal year 2025, the Company invested more than $16 million in incremental compensation and discretionary payments for Crew. Headquartered in Lakewood, CO, Natural Grocers has 174 stores in 22 states. Visit naturalgrocers.com for more information and store locations.

SOURCE Natural Grocers by Vitamin Cottage, Inc.

Ally Financial Inc. bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,000 shares of the company’s stock, valued at approximately $1,292,000.

Several other institutional investors have also recently added to or reduced their stakes in DASH. Vanguard Group Inc. lifted its position in shares of DoorDash by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock worth $9,835,229,000 after buying an additional 713,571 shares during the last quarter. SC US Ttgp LTD. grew its position in shares of DoorDash by 1.6% in the 4th quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock valued at $7,176,387,000 after buying an additional 506,358 shares during the last quarter. Morgan Stanley grew its position in shares of DoorDash by 2.3% in the 4th quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock valued at $3,971,741,000 after buying an additional 391,596 shares during the last quarter. State Street Corp raised its stake in DoorDash by 3.0% during the 4th quarter. State Street Corp now owns 15,761,072 shares of the company’s stock worth $3,569,568,000 after acquiring an additional 464,448 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in DoorDash by 32.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after acquiring an additional 3,447,754 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash In other news, Director Shona L. Brown sold 582 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $177.06, for a total transaction of $103,048.92. Following the completion of the sale, the director owned 31,156 shares in the company, valued at $5,516,481.36. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 67,693 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $200.63, for a total value of $13,581,246.59. Following the sale, the director directly owned 40,218 shares of the company’s stock, valued at approximately $8,068,937.34. This represents a 62.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 139,877 shares of company stock worth $26,381,731 in the last ninety days. Company insiders own 5.28% of the company’s stock.

Wall Street Analysts Forecast Growth Several equities analysts have issued reports on DASH shares. Guggenheim restated a “buy” rating and issued a $255.00 price objective on shares of DoorDash in a research note on Tuesday, June 23rd. UBS Group lifted their target price on DoorDash from $223.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. BTIG Research reissued a “buy” rating and issued a $225.00 target price on shares of DoorDash in a report on Thursday, August 6th. Citigroup upped their target price on DoorDash from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company lifted their price target on DoorDash from $199.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.53. View Our Latest Report on DASH

DoorDash Price Performance Shares of NASDAQ:DASH opened at $223.49 on Monday. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The stock has a market capitalization of $96.84 billion, a price-to-earnings ratio of 117.01 and a beta of 1.78. The company has a 50-day simple moving average of $192.75 and a 200-day simple moving average of $175.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37.

DoorDash (NASDAQ:DASH – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. On average, analysts predict that DoorDash, Inc. will post 2.46 EPS for the current year.

DoorDash Profile (Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

Read More Five stocks we like better than DoorDash VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASH – Free Report).

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DoorDash, Inc. (Nasdaq: DASH), a global leader in local commerce, and Gap, a global apparel and accessories retailer, today announced a partnership that makes it easier than ever for consumers to shop the styles they love on-demand, just in time for back-to-school. Consumers nationwide can now get their favorites for the whole family, from kids' first-day fits to everyday fall essentials, delivered to their doors through DoorDash. Gap Factory is also joining the Marketplace, giving value-minded shoppers access to on-trend styles at great prices.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260818857298/en/

Shop Gap now on DoorDash

Gap and Gap Factory join a fast-growing retail lineup on DoorDash, which now offers over half a million products eligible for delivery in under an hour across categories including Apparel, Books, Baby & Kids, Household, and more.* In Q1 2026, DoorDash brought fast third-party convenience delivery within reach for over 60% of the U.S. population, with a median delivery time of 30 minutes or less,** fulfilling tens of millions of grocery and retail deliveries across more than 22,000 ZIP codes.

“Back-to-school season can sneak up on families. Sometimes it’s a day or two before school starts, and you realize last year’s clothes don’t fit or there’s simply no time for one more errand,” said Shanna Prevé, Chief Revenue Officer at DoorDash. “With Gap and Gap Factory on DoorDash, families can get kids’ essentials and everyday favorites delivered quickly, helping make a busy season a little easier.”

"We're focused on creating seamless experiences that bring customers closer to the products they love,” said Mark Breitbard, President and CEO of Gap Brand. “Partnering with DoorDash extends the reach of Gap and Gap Factory, combining iconic style with the convenience and immediacy that our customers expect."

To celebrate the launch, Gap and Gap Factory are offering limited-time promotions from August 17–23.*** Orders are fulfilled from participating Gap and Gap Factory locations, with assortment, availability, and delivery times varying by location.

Gap: 20% off orders of $100+ (up to $25 off)Gap Factory: 20% off orders of $75+ (up to $20 off)How to Order

Shopping for back-to-school essentials is easy with DoorDash. Open the DoorDash app or visit DoorDash.com, search for Gap or Gap Factory, add your favorite styles to your cart, and choose on-demand or scheduled delivery.

*Based on average availability of retail items for U.S. consumers as of March 2026. Availability may vary and is not guaranteed.

** Median delivery time calculated based on orders during the period.

***Terms and Conditions: Gap: Get 20% off your order (up to $25 off) on eligible orders of $100 or more (before taxes and fees) placed between August 17–23, 2026. Use code GAPBTS20 at checkout.

Gap Factory: Get 20% off your order (up to $25 off) on eligible orders of $75 or more (before taxes and fees) placed between August 17–23, 2026. Use code GFBTS20 at checkout. Offer valid only at participating Gap and Gap Factory locations. Discount applies to merchandise subtotal only and excludes fees, taxes, and gratuity. Not valid on pickup orders. Limit one redemption per person. Additional terms and conditions apply: drd.sh/8ONpZP.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260818857298/en/

DoorDash (NASDAQ: DASH - Get Free Report) and eDreams ODIGEO (OTCMKTS:EDDRF - Get Free Report) are both consumer discretionary companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, earnings, risk, profitability, analyst recommendations, institutional ownership and valuation. Profitability This table compares DoorDash and eDreams ODIGEO's

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

California’s Secretary of State certified the 2026 Billionaire Tax Act for the November 3, 2026 ballot on June 25, 2026, teeing up the country’s first statewide referendum on a one-time wealth levy. Proposition 40 would tax roughly 200 California residents whose net worth topped $1 billion on January 1, 2026. It has revived a much bigger question: how much of the national debt would 100% of every American billionaire’s wealth actually cover?

What Proposition 40 Actually Does Proposition 40 imposes a one-time 5% tax on the net worth above $1 billion of Californians who were state residents on January 1 payable in installments over five years. Proponents estimate it raises roughly $100 billion for California, with 90% flowing to a Billionaire Tax Health Account and 10% to education and food assistance. The legislature could direct up to $25 billion a year into Medi-Cal and CalFresh. It needs a simple majority to pass.

The bill responds to federal Medicaid reductions in the 2025 “One Big Beautiful Bill Act,”, which California’s Department of Health Care Services projects could cost the state $30 billion annually. Roughly 14 million Californians rely on Medi-Cal.

The Hypothetical Question What if the federal government seized 100% of every American billionaire’s wealth and applied it to the national debt? Proposition 40 does nothing of the kind. It touches roughly 200 Californians and stays inside California. The federal thought experiment serves as a yardstick for how concentrated wealth stacks up against sovereign obligations.

The Numbers According to the Forbes 2026 World’s Billionaires List, published March 10, 2026 and based on March 1 market data, the United States is home to 989 billionaires with a combined net worth of $8.4 trillion, about 42% of the $20.1 trillion held by all 3,428 billionaires worldwide.

Against the gross national debt of roughly $39.9 trillion in early August 2026, that $8.4 trillion covers about 21%. Measured against the narrower debt held by the public, around $31.3 trillion in mid-2026 (which excludes money the government owes itself), it covers roughly 27%. Total confiscation of every American billionaire fortune retires only a fraction of what Washington owes.

Why It Wouldn’t Work Most billionaire wealth is illiquid, held in company stock, private equity, and real estate. You cannot apply $8.4 trillion in paper net worth to the debt. Liquidating that much stock simultaneously would collapse the share prices used to calculate the wealth in the first place. Consider DoorDash (NASDAQ:DASH | DASH Price Prediction) co-founder Tony Xu, who holds 57.6% of the company’s voting rights but only 2.6% of actual equity. Under Proposition 40’s rules, his liability would be calculated as if he owned 57.6% of DoorDash’s $2.41 billion market value, producing a $2.62 billion bill, more than the total value of shares he actually owns. With capital gains taxes from a forced sale, total liability reaches an estimated 173% of the asset’s value.

Who’s Fighting Over It Backers include SEIU-United Healthcare Workers West, which has spent more than $31 million, alongside Bernie Sanders, Robert Reich, and the Teamsters. “We are facing literally a collapse of our healthcare system here in California and elsewhere,” SEIU-UHW president Dave Regan said. Opposition, led by Governor Gavin Newsom and tech donors including Sergey Brin ($82 million spent opposing), Eric Schmidt, and John Doerr, has topped $107.9 million as of June 15, 2026. Brin has reportedly relocated out of California. Peter Thiel moved his family investment firm’s operations to Miami in late December 2025; David Sacks opened a Craft Ventures satellite office in Austin before the January 1 deadline. Because the tax reaches residents as of that date even if they have since left, a retroactivity challenge is expected.

The Bottom Line Total confiscation of every American billionaire’s paper wealth would leave roughly four-fifths of the gross federal debt outstanding. Proposition 40 is a narrower reality: a one-state health-funding play worth about $100 billion if it survives the ballot, courts, and departures reshaping its tax base. Watch whether the competing measure banning new personal property taxes qualifies alongside it, and how the California Supreme Court treats the January 1 snapshot when the inevitable lawsuit lands.

Contact [email protected] for any questions or corrections.

Director Andy Fang reported a sale of 15,000 shares of Class A Common Stock in DoorDash, Inc. (DASH -2.96%) on August 6, 2026, according to an SEC Form 4 filing.

Transaction summaryMetricValueTransaction value$3.2 millionShares sold15,000Post-transaction shares (directly held)44,189Post-transaction value$9.42 millionTransaction value based on SEC Form 4 weighted average sale price ($215.00); post-transaction value based on August 06, 2026 market close ($213.26).

Key questionsHow does this disposal relate to the insider's broader position?
The sale of 15,000 shares was sourced from indirect holdings in The AF Living Trust, leaving Andy Fang with 44,189 shares held directly. The insider also maintains an indirect position through AF 2025 GRAT, which holds derivative securities.What was the pricing environment at the time of the transaction?
Shares were sold at $215.00 per share on August 6, 2026, a date when the stock had experienced a 20% decline over the preceding 12 months as of the market close. As of the August 7, 2026 market close, the stock was priced at $216.26.What structures governed this transaction?
The disposal was a non-discretionary execution under a Rule 10b5-1 plan, which allows insiders to set up a pre-determined schedule for selling stock to avoid concerns regarding material non-public information. This specific plan was established five months prior to the trade.What were the mechanics of the share acquisition?
The transaction involved the conversion of Class B Common Stock to Class A Common Stock on a 1:1 basis and the exercise of 15,000 options which were immediately sold.Company OverviewMetricValueShare Price (as of market close 2026-08-07)$216.26Market Capitalization$93.7 billionRevenue (TTM)$15.9 billionNet Income (TTM)$840.0 millionCompany SnapshotDoorDash operates a comprehensive logistics platform that connects merchants, consumers, and delivery personnel through its primary marketplaces, DoorDash and Wolt, generating revenue through delivery services, merchant solutions, and advertising offerings.The company generates revenue through commission-based fees on merchant transactions, delivery fees charged to consumers, advertising services for merchants, and subscription programs, while leveraging data analytics and technology infrastructure to optimize logistics operations.DoorDash serves a diverse customer base including restaurants and retail merchants seeking customer acquisition and delivery logistics solutions, consumers seeking convenient food and goods delivery, and independent contractors (dashers) providing last-mile delivery services.DoorDash is a leading global logistics platform with a market capitalization of $93.71  billion and TTM revenue of $15.9 billion, operating across multiple geographies through its DoorDash and Wolt marketplaces. The company's competitive advantage derives from its proprietary logistics network, data-driven matching algorithms, and integrated merchant solutions that address critical operational challenges including customer acquisition, delivery optimization, and payment processing. With 31,400 employees and a diversified revenue model spanning delivery services, advertising, and merchant tools, DoorDash maintains a significant position in the on-demand delivery and logistics sector.

What this transaction means for investorsAlthough the 25% reduction in Fang’s DoorDash position may seem concerning on the surface, it looks like a sale made for personal reasons.

Fang set up the sale under the Rule10b5-1 framework back in March. Insiders typically initiate such sales to avoid the appearance of acting on inside information, which should ease any possible investor concerns.

Moreover, since he kept 75% of his holdings, it is likely he remains bullish on his company’s stock. It is the leading delivery company for food and other essentials in the U.S., commanding a 67% market share versus 23% for Uber’s Uber Eats, according to Deliverect.

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That positioning probably helped its top line. In the second quarter of 2026 its revenue increased by 36% year over year. Although net income for the quarter fell to $200 million from $285 million in the year-ago quarter, it is likely because the company spent more on operations to improve its business. That should boost its profitability longer term.

Additionally, analysts forecast a 30% increase in revenue for the year. Such growth should validate the case for Fang holding 75% of his shares in the consumer discretionary stock.

Will Healy has positions in Uber Technologies. The Motley Fool has positions in and recommends DoorDash. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of DASH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Key Takeaways DoorDash's revenues rose 35.6% to $4.45B, while earnings fell 29.2% and missed estimates. Total Orders climbed 27% to 970M, and Marketplace GOV advanced 36% to $33.08B. Free cash flow more than doubled to $742M as DoorDash increased technology and autonomy investment. DoorDash (DASH - Free Report) posted second-quarter 2026 earnings of 46 cents per share, down 29.2% year over year and missing the Zacks Consensus Estimate by 8%.

Revenues increased 35.6% year over year to $4.45 billion and beat the consensus mark by 3.08%. The top line benefited from higher order volume, increased average order value, and the Deliveroo acquisition. Total Orders rose 27% year over year to 970 million, while Marketplace GOV advanced 36% to $33.08 billion. Net revenue margin was 13.5%, unchanged from the year-ago quarter and up from 12.8% in the first quarter of 2026. Revenues, excluding Deliveroo, were $4.07 billion, up 24% year over year.

DASH's Q2 Marketplace MomentumTotal Orders growth reflected a larger consumer base and the inclusion of Deliveroo. Excluding Deliveroo, orders increased 17% year over year, indicating healthy expansion in the legacy business.

Order gains and higher average order value drove marketplace GOV growth. Excluding Deliveroo, GOV rose 23%. Currency movements added less than 1 percentage point to the reported growth rate.

DASH's Membership and International ProgressU.S. restaurant Marketplace GOV growth accelerated slightly, supported by strong DashPass membership. In the 12 months through the second quarter, DoorDash added more U.S. paid DashPass members than in the prior 24 months combined.

Internationally, Wolt improved cohort order rates and unit economics, while Deliveroo accelerated growth in monthly active users and Total Orders. DoorDash expects the rollout of its single global technology platform to be completed in the first half of 2027.

Merchant-service expansion also continued. New signed venues at SevenRooms more than doubled year over year, while revenues from DoorDash's digital ordering service, used by more than 150,000 merchants, increased more than 40%.

DASH Operating DetailsAdjusted gross profit climbed 40.9% year over year to $2.42 billion. Adjusted gross margin expanded to 54.2% from 52.2%, showing stronger gross profitability despite the continued mix shift toward membership-driven orders.

Contribution Profit increased 43.1% year over year to $1.64 billion. Contribution margin improved to 36.8% from 34.9%, indicating better economics after direct fulfillment and sales-related costs.

Adjusted sales and marketing expenses increased 36.4% year over year to $775 million.  Adjusted research and development expenses surged 66.3% year over year to $336 million, reflecting heavier product and technology investment.

Adjusted general and administrative expenses rose 34.8% year over year to $391 million. On a GAAP basis, research and development expenses jumped 52% to $535 million, while general and administrative expenses increased 39% to $538 million, weighing on reported earnings.

Adjusted EBITDA rose 39.5% year over year to $914 million, exceeding management's expectations. Adjusted EBITDA as a percentage of Marketplace GOV increased to 2.8% from 2.7% a year earlier and 2.4% in the prior quarter.

DASH's Balance Sheet and Capital ReturnsAs of June 30, 2026, cash and cash equivalents were $4.42 billion, while short-term investments totaled $923 million.

DoorDash generated $944 million in operating cash flow during the quarter, up 87.3% year over year. Free cash flow more than doubled to $742 million from $355 million.

Through Aug. 5, the company repurchased 6.8 million shares for $1.05 billion and had about $3.95 billion remaining under its authorization.

DoorDash’s Q3 Outlook and Investment PrioritiesFor the third quarter of 2026, DoorDash expects Marketplace GOV between $33 billion and $34 billion. Adjusted EBITDA is projected to be in the range of $950 million to $1.10 billion.

Management expects adjusted EBITDA as a percentage of Marketplace GOV to rise sequentially in the third quarter before declining in the fourth quarter. The anticipated fourth-quarter pressure reflects seasonally higher Dasher costs, increased insurance expenses and greater investment in the global technology platform and autonomy initiatives.

For 2026, DoorDash expects stock-based compensation expenses of approximately $1.2-$1.3 billion and depreciation and amortization expense of roughly $1.1-$1.2 billion, including about $450 million tied to acquired intangible assets.

DASH’s Zacks Rank & Stocks to ConsiderDASH currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Computer and Technology sector include Applied Materials (AMAT - Free Report) , Inuvo (INUV - Free Report) and Analog Devices (ADI - Free Report) . Each stock carries a Zacks Rank of 2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Applied Materials shares have gained 107.9% in the year-to-date period. Applied Materials is set to report second-quarter 2026 results on Aug. 13.

Shares of Inuvo have plunged 56% in the year-to-date period. Inuvo is set to report the second-quarter 2026 results on Aug. 11.

Shares of Analog Devices have rallied 39.3% year to date. Analog Devices is slated to report fiscal third-quarter 2026 results on Aug. 19.

6.8.2026 16:05, OXY, DASH, FISV

Index Dow Jones -0,06 % na 54315,54 b. S&P 500 +0,12 % na 7732,97 b. Nasdaq Composite +0,17 % na 26407,84 b.

Nejsledovanější americké indexy se v úvodu čtvrtečního obchodování vyvíjejí smíšeně, a to před zítřejším zveřejněním zprávy z amerického trhu práce. Vyšší ceny ropy zároveň zvýšily obavy z inflace a vedly k růstu výnosů dluhopisů.

Pokračuje výsledková sezóna, mimo jiné své výsledky reportovaly společnosti: Sandisk (-6,2 %), Western Digital (-12 %), AppLovin (-20 %), MercadoLibre (-7,2 %), Figma (-16 %), Duolingo (-15 %) a Honeywell Aerospace (-21 %). Podrobnosti naleznete v jednotlivých zprávách. Výsledky softwarové společnosti Datadog (-17 %) v samostatné zprávě připravujeme.

Daří se akciím těžební společnosti Occidental Petroleum (+5,7 %) po zveřejnění výsledků za 2Q. Zisk na akcii překonal průměrný odhad analytiků a společnost vykázala silný hotovostní tok díky výborným výsledkům segmentu midstream. Očištěný zisk na akcii dosáhl 2,40 USD, tedy výrazně nad odhady 1,87 USD a volný hotovostní tok z pokračujících činností před změnami pracovního kapitálu činil 3,0 mld. USD.

V problémech se nadále nachází zprostředkovatel plateb Fiserv (-7,2 %). Společnost s výsledky za 2Q výrazně snížila výhled očištěného zisku na akcii pro celý letošní rok. Nová prognóza zaostala za průměrným odhadem analytiků. Zároveň výsledky samotné nesplnily očekávání trhu. Očištěné výnosy dosáhly 4,96 mld. USD, pod odhady 5,05 mld. USD a organický růst výnosů činil -5 % při konsensu -2,96 %. Očištěný zisk na akcii dosáhl 1,84 USD, trh odhadoval 1,91 USD. Společnost v celém roce očekává očištěný zisk na akcii v rozmezí 7,20 až 7,40 USD (dříve 8,00 až 8,30 USD), zatímco konsenzus analytiků činil 8,11 USD.

Zprostředkovatel online objednávek a rozvozových služeb jídla, potravin a dalšího zboží DoorDash (+0,6 %) zveřejnil výsledky za 2Q. Tržby i očištěný zisk EBITDA překonaly očekávání analytiků, zatímco volný hotovostní tok zaostal za odhady.

Index S&P 500 +0,12 % na 7732,97 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +0,6 % Reality -0,5 % Informační technologie +0,2 % Základní materiály -0,4 % Průmysl +0,2 % Finanční sektor -0,2 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Parker-Hannifin Corp (PH) +9,2 % Honeywell Aerospace (HONA) -21 % Motorola Solutions (MSI) +8,3 % AppLovin Corp (APP) -20 % Occidental Petroleum Corp (OXY) +5,7 % Datadog (DDOG) -17 % Ralph Lauren Corp (RL) +5,6 % Western Digital Corp (WDC) -12 % Fox Corp (FOX) +4,7 % Fiserv (FISV) -7,2 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

DoorDash, Inc. (DASH) Q2 2026 Earnings Call August 5, 2026 4:30 PM EDT

Company Participants

Weston Twigg - Vice President of Finance & Investor Relations
Tony Xu - Co-Founder, CEO & Chair
Ravi Inukonda - Chief Financial Officer

Conference Call Participants

Michael Morton - MoffettNathanson LLC
Mark Stephen Mahaney - Evercore ISI Institutional Equities, Research Division
Nikhil Devnani - Bernstein Institutional Services LLC, Research Division
Deepak Mathivanan - Cantor Fitzgerald & Co., Research Division
Dominic Ball - Rothschild & Co Redburn, Research Division
Jason Helfstein - Oppenheimer & Co. Inc., Research Division
Shweta Khajuria - Wolfe Research, LLC
Josh Beck - Raymond James & Associates, Inc., Research Division
Youssef Squali - Truist Securities, Inc., Research Division
Ross Sandler - Barclays Bank PLC, Research Division
Brian Nowak - Morgan Stanley, Research Division
Ronald Josey - Citigroup Inc., Research Division
Justin Post - BofA Securities, Research Division
Douglas Anmuth - JPMorgan Chase & Co, Research Division
Thomas Champion - Piper Sandler & Co., Research Division

Presentation

Operator

Hello, everyone. Thank you for joining us, and welcome to the DoorDash Q2 2026 Earnings Call. [Operator Instructions]

I will now hand the call over to Weston Twigg. Please go ahead.

Weston Twigg
Vice President of Finance & Investor Relations

Thanks, Connor. Good afternoon, everyone, and thanks for joining us for our Q2 2026 Earnings Call. I'm pleased to be joined today by Co-Founder, Chair and CEO Tony Xu; and CFO, Ravi Inukonda. We'll be making forward-looking statements during today's call, including without limitation, our expectations for our business, financial position, operating performance, profitability, our guidance, strategies, capital allocation approach, and broader economic environment. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those described.

Many of these uncertainties are described in our SEC filings, including our most recent Form 10-K and 10-Q. You should not rely on forward-looking statements as predictions of

DoorDash, Inc. (DASH - Free Report) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -8.00%. A quarter ago, it was expected that this company would post earnings of $0.37 per share when it actually produced earnings of $0.42, delivering a surprise of +13.51%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

DoorDash, which belongs to the Zacks Internet - Services industry, posted revenues of $4.45 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.08%. This compares to year-ago revenues of $3.28 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

DoorDash shares have lost about 10.7% since the beginning of the year versus the S&P 500's gain of 13%.

What's Next for DoorDash?While DoorDash has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for DoorDash was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.75 on $4.45 billion in revenues for the coming quarter and $2.38 on $17.51 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, The Trade Desk (TTD - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This digital-advertising platform operator is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

The Trade Desk's revenues are expected to be $751.58 million, up 8.3% from the year-ago quarter.

By PYMNTS  |  August 5, 2026

 | 

Artificial intelligence is showing up for DoorDash. It’s just not agentic … yet.

While the fight for agentic commerce gears up, DoorDash CEO Tony Xu said on the company’s second quarter earnings call that agentic order volume from AI partners remains low. He said the gap traces back to most AI platforms prioritizing enterprise customers and coding tools over physical fulfillment. DoorDash’s own AI tools, meanwhile, are already producing results, from an ordering agent that builds a grocery cart in under two minutes to automated catalog building for new merchants.

For DoorDash, every AI shopping assistant eventually has to hand off to something physical. Someone has to check what’s actually in stock, route an order to the right merchant, load a bag correctly, and figure out what happens when a delivery goes to the wrong doorman inside a high rise.

Xu spent part of the call arguing that this handoff is the part of agentic commerce nobody has solved. He framed the coming years as a fight between two forces. One is the battle for attention, playing out now among chat assistants and AI platforms. The other is what he called the battle for atoms, the physical infrastructure needed to deliver something. DoorDash is betting its future on winning the second fight regardless of who wins the first.

Where AI Is Showing Up in the Business DoorDash’s own AI tools are already running, even if outside agentic traffic hasn’t arrived. DoorDash Ask, the company’s ordering agent, helps customers discover restaurants similar to ones they’ve ordered from before and assemble a grocery cart in under two minutes. Xu described the tool as solving a specific pain point in a marketplace that has grown too large to browse manually.

On the merchant side, DoorDash uses AI to automate catalog building, generating photos and metadata for retailer and restaurant listings so new merchants launch faster. Xu said that speed translates directly into faster same-store sales growth once a merchant goes live. The company has also applied AI to Dasher routing, helping delivery workers find the most efficient areas to work.

“Whenever you’re reducing friction in a product, you get more usage,” Xu told analysts, describing how AI tools compound rather than cannibalize existing demand. He said easier grocery cart building doesn’t change advertising economics, it simply produces more orders and more advertising opportunities because people order more often as a result.

Growth Broadens Beyond the Core Restaurant Business DoorDash’s restaurant business accelerated from the first quarter into the second, driven largely by Dashpass subscriber growth. CFO Ravi Inukonda said the company added more paid subscribers over the past year than in the two prior years combined, with subscriber growth in the U.S. among the highest DoorDash has recorded in several years.

New verticals outside restaurants, including grocery and retail, are growing faster than the core restaurant business and remain on track to turn gross profit positive by the end of the year. Basket sizes are increasing as customers who join through restaurant orders adopt grocery and retail categories over time, according to Inukonda, a pattern the company says holds across both older and newer customer cohorts.

International growth accelerated as well. Deliveroo posted its highest volume and subscription growth in several years, which Xu attributed to lessons DoorDash learned integrating its 2021 acquisition of Wolt. He said the majority of DoorDash’s international business sits in its top 10 markets outside the U.S., where the company holds either the leading position or a strong second place.

What Else Stood Out DoorDash is testing autonomous delivery at meaningful scale in Phoenix through DoorDash Dot, a platform Xu said orchestrates human Dashers and autonomous vehicles across the same delivery network. The company’s merchant software business, which builds digital tools for restaurants and retailers, now serves more than 150,000 businesses and grew 40% year over year. DoorDash launched Dash Mark fulfillment services, warehouses where the company controls inventory directly, delivering what Xu described as tenfold better order accuracy compared to traditional grocery partnerships. New per-mile delivery fees for longer distance orders represent a repricing of costs between consumers and Dashers. Topline Results and Outlook DoorDash reported second quarter revenue of $4.5 billion, up 36% year over year, or 24% excluding the impact of Deliveroo. Total orders grew 27% year over year to 970 million, or 17% excluding Deliveroo. Marketplace gross order value grew 36% year over year to $33.1 billion, or 23% excluding Deliveroo.

Free cash flow reached $742 million for the quarter, up from $355 million in the prior year period. Net cash from operating activities totaled $944 million. For the third quarter, DoorDash guided Marketplace GOV of $33 billion to $34 billion. The company is expecting fourth quarter margins to ease due to seasonal increases in Dasher costs and continued investment in autonomous delivery.

The decline in profit was driven by higher costs of revenue from more orders, as well as increases in sales, marketing, and research and development expenses and other overhead costs, the company said.

SAN FRANCISCO--(BUSINESS WIRE)--DoorDash, Inc. (NASDAQ: DASH) today announced its financial results for the quarter ended June 30, 2026.

We completed the first half of 2026 with consistent execution across our business, driving continued strong growth in our marketplaces, membership programs,1 and monthly active users (MAUs2) compared to the same period in the prior year. We also made significant progress in a number of strategic areas. For example, we rolled out several components of our new global technology platform, launched new AI-based features within our products designed to help reduce friction and increase engagement, and continued to expand the scope and scale of our software and merchant services offerings. We believe these initiatives and others are establishing the foundations for our future growth, and we are excited to continue investing behind them to increase the impact we have on local commerce.

Second Quarter 2026 Key Financial Metrics

Total Orders increased 27% year-over-year (Y/Y) to 970 million. Marketplace GOV increased 36% Y/Y to $33.1 billion. Revenue increased 36% Y/Y to $4.5 billion. GAAP net income attributable to DoorDash, Inc. common stockholders decreased 30% Y/Y to $200 million. Adjusted EBITDA increased 40% Y/Y to $914 million. Three Months Ended

(in millions, except percentages)

Jun. 30,
2025

Sept. 30,
2025

Dec. 31,
2025

Mar. 31,
2026

Jun. 30,
2026

Total Orders

761

776

903

933

970

Total Orders Y/Y growth

20

%

21

%

32

%

27

%

27

%

Marketplace GOV

$

24,244

$

25,015

$

29,683

$

31,604

$

33,078

Marketplace GOV Y/Y growth

23

%

25

%

39

%

37

%

36

%

Revenue

$

3,284

$

3,446

$

3,955

$

4,036

$

4,454

Revenue Y/Y growth

25

%

27

%

38

%

33

%

36

%

Net Revenue Margin

13.5

%

13.8

%

13.3

%

12.8

%

13.5

%

GAAP gross profit

$

1,608

$

1,689

$

1,911

$

1,944

$

2,223

GAAP gross profit as a % of Marketplace GOV

6.6

%

6.8

%

6.4

%

6.2

%

6.7

%

Contribution Profit

$

1,147

$

1,268

$

1,405

$

1,380

$

1,641

Contribution Profit as a % of Marketplace GOV

4.7

%

5.1

%

4.7

%

4.4

%

5.0

%

GAAP net income attributable to DoorDash, Inc. common stockholders

$

285

$

244

$

213

$

184

$

200

GAAP net income attributable to DoorDash, Inc. common stockholders as a % of Marketplace GOV

1.2

%

1.0

%

0.7

%

0.6

%

0.6

%

Adjusted EBITDA

$

655

$

754

$

780

$

754

$

914

Adjusted EBITDA as a % of Marketplace GOV

2.7

%

3.0

%

2.6

%

2.4

%

2.8

%

Weighted-average diluted shares outstanding

438

442

443

442

439

Operational Update

In Q2 2026, we grew Total Orders 27% Y/Y (17% Y/Y excluding the impact of Deliveroo), Marketplace GOV 36% Y/Y (23% Y/Y excluding the impact of Deliveroo), and revenue 36% Y/Y (24% Y/Y excluding the impact of Deliveroo). Net income attributable to our common stockholders was $200 million in Q2 2026 and Adjusted EBITDA was $914 million, which was well above our expectation.

Y/Y growth in Marketplace GOV in our U.S. restaurant category accelerated slightly in Q2 2026, supported by strong U.S. DashPass membership. In our U.S. grocery and retail categories, we drove strong Y/Y growth in Marketplace GOV in Q2 2026, while significantly improving unit economics. Y/Y growth in Marketplace GOV in our international countries in Q2 2026 was consistent with Q1 2026, with further improvement in unit economics.3 Y/Y growth in Marketplace GOV at Deliveroo accelerated in Q2 2026.3

We are proud of our Q2 2026 results and typically use this space to walk through our quarterly performance in more detail. Given the changes in our business over the last year, we are expanding that slightly to share more thoughts on our approach in a few areas of the business where we have been spending time. We expect to return to our previous format next quarter, but hope this is helpful.

The Value of Membership

The primary goal of our membership programs is to reduce transactional friction by improving affordability and, in doing so, drive greater consumer retention and engagement, more sales for merchants, and increased duration in our business. We believe the output of this has been most visible in the magnitude and consistency of growth in our U.S. restaurant category over the last four years: in Q2 2026, Y/Y growth in Marketplace GOV in our U.S. restaurant category was roughly the same as it was for the full year 2022.

In the 12 months through Q2 2026, we increased the number of U.S. paid DashPass members by more than we did over the previous 24 months combined, a sign that consumers are finding growing value in our program. Because DashPass lowers consumer fees, it typically drives an increase in average consumer order frequency4 and retention,5 but it does so at a lower gross margin percentage compared to non-DashPass orders. We are happy to make this trade as long as we believe the increase to consumer engagement is durable and average consumer lifetime value increases.

We continue to see strong signals that our U.S. DashPass program is producing excellent outcomes for consumers and for our business. This is driving a relatively consistent pattern within consumer cohorts in our U.S. marketplace: as cohorts age, DashPass penetration increases, order rates6 increase, and Adjusted Gross Profit per MAU7 increases, which helps drive more consistent growth and higher total profit dollar production.

In addition to supporting consistent growth in our U.S. restaurant category, we believe DashPass is helping to drive adoption in our U.S. grocery and retail categories. Within our consumer cohorts, we are seeing increased order rates in our U.S. grocery and retail categories and higher basket sizes within those categories and, in Q2 2026, DashPass members placed approximately 75% of Total Orders in our U.S. grocery and retail categories.

We believe we have significant room to continue increasing adoption of DashPass in the U.S., even among cohorts that are several years old. Our goal is to continue adding value to the program in order to drive greater consumer engagement across our categories, more sales for local merchants, and further growth in our business.

Serving Local Audiences, Globally

Our international aspirations are similar to those in the U.S.: to build world-class services that deliver great outcomes for consumers, merchants, and Dashers;8 to empower local economies; and to generate strong long-term financial returns. While there are common components to achieving these goals in different regions around the world, each community is unique. Executing well across 40 international countries requires operating teams that excel at understanding local nuances, product teams with the capacity and capability to translate operator insights into compelling features, and finance teams with the acumen to identify attractive opportunities and the flexibility to dynamically allocate capital with long-term discipline.

As demonstrated in our Q2 2026 results, we believe we are executing well in our international countries. At Wolt, month-3 and month-6 cohort order rates increased compared to a year ago while substantially increasing unit economics. At Deliveroo, we accelerated Y/Y growth in MAUs and Total Orders while exceeding our profit expectations entering the quarter.

Nonetheless, we always strive to improve the speed, efficiency, and effectiveness of our execution and are currently working on three distinct efforts to do so: 1) building a single global technology platform, 2) reorganizing certain international operating groups around functional areas, rather than brands, and 3) updating our capital allocation processes to better account for long-term consumer engagement trends. Collectively, we believe these initiatives will allow us to accelerate our product development, reduce redundancy, and help us invest more efficiently, with the ultimate goal of building more services that are loved by consumers, merchants, and Dashers in each community we serve.

Our organizational efforts and the improvements to our capital allocation processes are well underway and are already contributing to our international performance. We expect to begin seeing benefits from our new global technology platform once it is fully rolled out, which we currently expect to be in the first half of 2027.

AI and Autonomy

In recent periods, we have increased investment in both our team and our tools in order to accelerate our pace of AI-based product development. This has allowed us to build new features designed to help improve personalization and reduce friction in basket-building for consumers; speed up onboarding, automate catalog ingestion, and improve ad monetization for merchants; and improve routing, traffic predictions, and safety for Dashers. As an example, we recently launched Ask, the DoorDash AI assistant, which can help consumers more easily discover new restaurants and build grocery baskets simply and quickly.

Internally, we actively promote AI-tool adoption across our business by making the tools available and by teaching through dedicated task forces. We are now finding valuable use cases in engineering, marketing, communications, finance, tax, legal, accounting, and HR, and we expect to find additional productivity benefits as the quality of the tools improves and employees gain more experience using them.

At the same time, as you have probably experienced, there is a difference between finding ways to use AI and finding ways to use it productively. Consequently, we are approaching the internal use of AI with disciplined execution, attempting to allow enough inefficiency in our usage to leave room for innovation, while holding ourselves to constraints to ensure productivity. To help with this we have built internal software to help route tokens to the most efficient AI model, so that we can apply the right amount of cost to the intelligence required. Like everyone, we are learning and will adjust our processes as time goes on to help maximize the benefits to our business.

In autonomy, our long-term goal is to complement Dashers in a way that expands merchants’ ability to reach consumers, while reducing the average cost of doing so. Building high quality robots with safe and dependable autonomous capabilities is just one of the challenges we face in pursuing this. Manufacturing, maintenance, building charging infrastructure, managing merchant and consumer handoffs, routing, and assignment in a multi-modal network are all extremely difficult and must be addressed at scale. However, we are learning quickly in these areas and with Dot, our land-based robot, we have increased the number of robots in operation and the average number of deliveries per robot per day. Based on our current progress, we expect Dot to deliver a high single-digit percentage of orders in our largest test market by the end of the year.

With DoorDash Air, we recently earned Part 135 air carrier certification from the Federal Aviation Administration, which allows us to operate as an air carrier and increase testing of more integrated drone delivery experiences. We are still very early in our autonomous efforts and expect many challenges as we learn to scale. We expect Dashers to remain the backbone of our logistics network for a very long time, but we are increasing our levels of investment in both our land and air based robots and are optimistic we can continue to make steady progress.

A Growth Engine for Local Merchants

DoorDash was founded to help local merchants grow and thrive by better connecting them with consumers in their communities, and we remain completely focused on this mission. We aim to do this in two primary ways: 1) building marketplaces that serve as all-in-one solutions to generate and fulfill demand for merchants, and 2) building services that help merchants generate and fulfill demand through their own channels, both their first-party digital channels and in their stores.

In addition to helping local merchants build better individual demand channels, we believe there is a clear opportunity to help merchants break down barriers between those channels in order to place the consumer at the center of everything they do. Over the last year, we have accelerated our pace of investment in services that help enable this. While this effort is early, we are seeing evidence that merchants value our ability to drive growth in multiple parts of their business. In Q2 2026, we grew new signed venues at SevenRooms by over 100% Y/Y and grew revenue from our digital ordering service, which is being used by over 150,000 merchants, by over 40% Y/Y.

Somewhat uniquely, our expansion of new merchant services is also helping us expand the consumer services we offer. Our growth of SevenRooms locations helped us launch a new reservations service in a number of cities and, in Q2 2026, reservations booked through our marketplaces increased by over 150% Q/Q. This suggests consumers value being able to connect with their favorite restaurants in more ways.

More important than the growth in each individual area, we believe expanding our services to drive more connections between local merchants and consumers can be synergistic, both in helping merchants grow and succeed and in increasing the value consumers find in our services. We are excited by this potential, and we intend to continue investing to expand the breadth of our services and improve their effectiveness.

Investing to Build a Large and Durable Business

We entered 2026 with strong momentum in many existing areas of our business and several significant new projects that we believe are critical to our future. Through the first half of the year, our team has managed through the increased scope, scale, and complexity tremendously well, and the business has performed better than we expected. The more we have done, the more opportunities arise to do even more. However, we must continue to balance our ambition with discipline and execution, and earn our right to do more by proving our ability to drive outcomes for consumers, merchants, Dashers, and our shareholders. We have had a strong start to 2026 and will work hard to continue our progress through the second half of the year.

Financial Outlook

In H2 2026, we expect Adjusted EBITDA as a percentage of Marketplace GOV to follow a similar pattern to H2 2025, with a Q/Q increase in Q3 2026 followed by a Q/Q decline in Q4 2026. We expect the Q/Q decline in Adjusted EBITDA as a percentage of Marketplace GOV in Q4 2026 to be driven primarily by a seasonal increase in Dasher costs, an annual increase in insurance expenses, and an increase in investments in our global technology platform and our autonomy initiatives, among other areas.

Based on our current outlook and assuming a stock price consistent with recent trading levels, we expect:

2026 stock-based compensation expense of approximately $1.2 billion to $1.3 billion. 2026 depreciation and amortization expense of approximately $1.1 billion to $1.2 billion, inclusive of approximately $450 million of amortization of acquired intangible assets. 2026 year-end timing for merchant payments compared to the end of 2025 is expected to reduce reported 2026 Free Cash Flow by between $700 million and $800 million. Unless otherwise indicated above, our guidance includes the expected impact of, and contributions from, Deliveroo.

Our expectations regarding the impact of, and contributions from, Deliveroo are based on judgments which we believe to be reasonable and certain assumptions that are subject to change, many of which are outside of our control. In addition to the other risks and uncertainties we describe in our filings with the U.S. Securities and Exchange Commission (the "SEC"), the ongoing integration of Deliveroo into our business presents certain execution and operational risks that could cause actual results to vary from the expectations expressed above.

Our outlook assumes that aggregate consumer demand and key foreign currency rates remain relatively stable at current levels. Our outlook also anticipates significant levels of ongoing investment in new categories, international markets, and in our system capacity to support further growth, as well as growing investment in new initiatives and our global technology platform.

We caution investors that consumer spending in any of our geographies could deteriorate relative to our outlook, which could drive results below our expectations. Additionally, our increasing international exposure heightens risks associated with operating in foreign markets, including geopolitical and currency risks. Changes in the international operating environment could negatively impact results versus our current outlook.

We have not provided GAAP net income (loss) attributable to DoorDash, Inc. common stockholders outlook or a reconciliation of Adjusted EBITDA outlook to GAAP net income (loss) attributable to DoorDash, Inc. common stockholders as a result of the uncertainty regarding, and the potential variability of, reconciling items such as legal, tax, and regulatory expenses and other items. Accordingly, a reconciliation of Adjusted EBITDA outlook to GAAP net income (loss) attributable to DoorDash, Inc. common stockholders is not available without unreasonable effort. However, it is important to note that material changes to reconciling items could have a significant effect on future GAAP results. We have provided historical reconciliations of GAAP to non-GAAP measures in tables at the end of this release. For more information regarding the non-GAAP financial measures discussed in this release, please see "Use of Non-GAAP Financial Measures" below.

Q2 2026 Financial Performance

Three Months Ended

Y/Y %
Change

Q/Q %
Change

(in millions, except percentages)

Jun. 30,
2025

Sept. 30,
2025

Dec. 31,
2025

Mar. 31,
2026

Jun. 30,
2026

Jun. 30,
2026

Jun. 30,
2026

Revenue

$

3,284

$

3,446

$

3,955

$

4,036

$

4,454

36

%

10

%

Net Revenue Margin

13.5

%

13.8

%

13.3

%

12.8

%

13.5

%

GAAP cost of revenue, exclusive of depreciation and amortization

$

1,616

$

1,687

$

1,935

$

1,992

$

2,107

30

%

6

%

GAAP sales and marketing expense

$

607

$

576

$

707

$

746

$

821

35

%

10

%

GAAP research and development expense

$

351

$

355

$

419

$

398

$

535

52

%

34

%

GAAP general and administrative expense

$

388

$

400

$

480

$

432

$

538

39

%

25

%

GAAP net income attributable to DoorDash, Inc. common stockholders

$

285

$

244

$

213

$

184

$

200

(30

)%

9

%

Net cash provided by operating activities

$

504

$

871

$

421

$

594

$

944

87

%

59

%

Free Cash Flow

$

355

$

723

$

254

$

420

$

742

109

%

77

%

The Y/Y increase in Total Orders in Q2 2026 was driven primarily by growth in the number of consumers and the acquisition of Deliveroo. Excluding the acquisition of Deliveroo, Total Orders increased 17% Y/Y in Q2 2026.

The Y/Y increase in Marketplace GOV in Q2 2026 was driven primarily by growth in Total Orders and an increase in average order value9 on our Marketplaces. We estimate aggregate changes in currency rates added less than 1% to Y/Y growth in Marketplace GOV in Q2 2026. Excluding the acquisition of Deliveroo, Marketplace GOV increased 23% Y/Y in Q2 2026.

The Y/Y increase in revenue in Q2 2026 was driven primarily by growth in Marketplace GOV. Excluding Deliveroo, revenue increased 24% Y/Y in Q2 2026.

The Y/Y increase in GAAP cost of revenue, exclusive of depreciation and amortization in Q2 2026 was driven primarily by increases in Total Orders. As a percentage of Marketplace GOV, GAAP cost of revenue, exclusive of depreciation and amortization, was 6.4% in Q2 2026, down from 6.7% in Q2 2025 and up from 6.3% in Q1 2026.

The Y/Y increase in GAAP sales and marketing expense in Q2 2026 was driven primarily by increases in advertising expenses and personnel-related compensation expenses. As a percentage of Marketplace GOV, GAAP sales and marketing expense was 2.5% in Q2 2026, in line with 2.5% in Q2 2025 and up from 2.4% in Q1 2026.

The Y/Y increase in GAAP research and development expense in Q2 2026 was driven primarily by increases in personnel-related compensation expenses and third-party software expenses. As a percentage of Marketplace GOV, GAAP research and development expense was 1.6% in Q2 2026, up from 1.4% in Q2 2025 and 1.3% in Q1 2026.

The Y/Y increase in GAAP general and administrative expense in Q2 2026 was driven primarily by increases in legal, tax, and regulatory expenses and personnel-related compensation expenses. As a percentage of Marketplace GOV, GAAP general and administrative expense was 1.6% in Q2 2026, in line with 1.6% in Q2 2025 and up from 1.4% in Q1 2026.

GAAP net income attributable to DoorDash, Inc. common stockholders was $200 million in Q2 2026, a decrease from $285 million in Q2 2025 and an increase from $184 million in Q1 2026.

Adjusted EBITDA was $914 million in Q2 2026, up 40% from $655 million in Q2 2025 and up 21% from $754 million in Q1 2026. Adjusted EBITDA as a percentage of Marketplace GOV was 2.8% in Q2 2026, up from 2.7% in Q2 2025 and 2.4% in Q1 2026.

In Q2 2026, we generated net cash provided by operating activities of $944 million and Free Cash Flow of $742 million, up from $504 million and $355 million, respectively, in Q2 2025.

In February 2025, our board of directors authorized the repurchase of up to $5.0 billion of our Class A common stock. Year to date through August 5, we have repurchased a total of 6.8 million shares of our Class A common stock for $1,049 million under the February 2025 authorization. We currently have approximately $3,951 million remaining under the current stock repurchase authorization. We may or may not repurchase any portion of the remaining amount.

Analyst and Investor Conference Call and Earnings Webcast

DoorDash will host a conference call and webcast to discuss our quarterly results today at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Those interested in listening to the call can register and attend by visiting our Investor Relations page at https://ir.doordash.com. An archived webcast will be available on our Investor Relations page shortly after the call.

Available Information

We announce material information to the public about us, our products and services, and other matters through a variety of means, including filings with the SEC, press releases, public conference calls, webcasts, the investor relations section of our website (ir.doordash.com), our blog (doordash.news), and our social media accounts on X and LinkedIn in order to achieve broad, non-exclusionary distribution of information to the public and for complying with our disclosure obligations under Regulation FD.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” "aim," “will,” “should,” “expect,” “plan,” "try," “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategies, plans, or intentions. Forward-looking statements in this release include, but are not limited to, our expectations regarding our financial position and financial and operating performance, including our outlook and guidance for the third quarter of 2026 and our assumptions underlying such guidance; our expectations regarding Adjusted EBITDA as a percent of Marketplace GOV in H2 and full year 2026; our expectations regarding our stock-based compensation expense, our depreciation and amortization expense, and our Free Cash Flow; our expectations regarding the impact of year-end timing of merchant payments on 2026 Free Cash Flow; our priorities and our plans and expectations regarding our overall business strategy and investment approach; the expected benefits of our global technology platform, reorganization of certain international operating groups, and our updated capital allocation processes; our expectations regarding the value and benefits of our membership programs; our plans and expectations for our expanded services, our AI-integrated product features and other new product initiatives, and our use of AI-based tools; our expectations regarding the value of our platform and services to merchants, consumers, and Dashers; our plans and expectations regarding the integration of Deliveroo, including, among other things, its impact on, and contribution to, our business, financial position, and financial and operating performance; our ability to drive future growth, gain greater efficiency in unit economics, and execute on our goals and strategies; our expectations regarding trends in our business, demand for our platform and for local commerce platforms in general, the macroeconomic environment, including global consumer spending, foreign currency rates, gas prices, and geopolitical risks; and our plans and expectations regarding share dilution, including in connection with equity award issuances and our share repurchase authorization. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks and uncertainties related to: economic, financial, social or political conditions that could adversely affect us; competition; managing our growth and corporate culture; the macroeconomic environment and geopolitical uncertainty; financial performance; investments in new geographies, products, or offerings, as well as our technology infrastructure; our ability to successfully integrate and realize the benefits of acquisitions, including Deliveroo, strategic partnerships, joint ventures, and investments; our ability to attract merchants, consumers, and Dashers to our platform; legal proceedings and regulatory matters and developments; any future changes to our business or our financial or operating model; and our brand and reputation. The forward-looking statements contained in this release are also subject to other risks and uncertainties that could cause actual results to differ from the results predicted, including those more fully described in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025 and our quarterly reports on Form 10-Q. All forward-looking statements in this release are based on information available to DoorDash and assumptions and beliefs as of the date hereof, and we disclaim any obligation to update any forward-looking statements, except as required by law.

Use of Non-GAAP Financial Measures

To supplement our financial information presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"), we consider certain financial measures that are not prepared in accordance with GAAP, including adjusted cost of revenue, adjusted sales and marketing expense, adjusted research and development expense, adjusted general and administrative expense, Adjusted Gross Profit, Adjusted Gross Margin, Contribution Profit, Contribution Margin, Adjusted EBITDA, Free Cash Flow, and revenue, excluding Deliveroo. We use these financial measures in conjunction with GAAP measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies and to communicate with our board of directors concerning our business and financial performance. We believe that these non-GAAP financial measures provide useful information to investors about our business and financial performance, enhance their overall understanding of our past performance and future prospects, and allow for greater transparency with respect to metrics used by our management in their financial and operational decision making. We are presenting these non-GAAP financial measures to assist investors in seeing our business and financial performance through the eyes of management, and because we believe that these non-GAAP financial measures provide an additional tool for investors to use in comparing results of operations of our business over multiple periods and with other companies in our industry.

We define adjusted cost of revenue as cost of revenue, exclusive of depreciation and amortization, excluding stock-based compensation expense and certain payroll tax expense, allocated overhead, and inventory write-off related to restructuring. Allocated overhead is determined based on an allocation of shared costs, such as facilities (including rent and utilities) and information technology costs, among all departments based on employee headcount. We define adjusted sales and marketing expense as sales and marketing expenses excluding stock-based compensation expense and certain payroll tax expense, and allocated overhead. We define adjusted research and development expense as research and development expenses excluding stock-based compensation expense and certain payroll tax expense, and allocated overhead. We define adjusted general and administrative expense as general and administrative expenses excluding stock-based compensation expense and certain payroll tax expense, certain legal, tax, and regulatory settlements, reserves, and expenses, transaction-related costs (primarily consists of acquisition, integration, and investment related costs), impairment expenses, and including allocated overhead from cost of revenue, sales and marketing, and research and development.

We define Adjusted Gross Profit as gross profit plus (i) depreciation and amortization expense related to cost of revenue, (ii) stock-based compensation expense and certain payroll tax expense included in cost of revenue, (iii) allocated overhead included in cost of revenue, and (iv) inventory write-off related to restructuring. Gross profit is defined as revenue less (i) cost of revenue, exclusive of depreciation and amortization and (ii) depreciation and amortization related to cost of revenue. Adjusted Gross Margin is defined as Adjusted Gross Profit as a percentage of revenue for the same period.

We define Contribution Profit as our gross profit less sales and marketing expense plus (i) depreciation and amortization expense related to cost of revenue, (ii) stock-based compensation expense and certain payroll tax expense included in cost of revenue and sales and marketing expenses, (iii) allocated overhead included in cost of revenue and sales and marketing expenses, and (iv) inventory write-off related to restructuring. We define gross margin as gross profit as a percentage of revenue for the same period and we define Contribution Margin as Contribution Profit as a percentage of revenue for the same period. We use Contribution Profit to evaluate our operating performance and trends. We believe that Contribution Profit is a useful indicator of the economic impact of orders fulfilled through DoorDash as it takes into account the direct expenses associated with generating and fulfilling orders.

Adjusted EBITDA is a measure that we use to assess our operating performance and the operating leverage in our business. We define Adjusted EBITDA as net income (loss) attributable to DoorDash, Inc. common stockholders, adjusted to include net income (loss) attributable to redeemable non-controlling interests and exclude (i) certain legal, tax, and regulatory settlements, reserves, and expenses, (ii) loss on disposal of property and equipment, (iii) transaction-related costs (primarily consists of acquisition, integration, and investment related costs), (iv) impairment expenses, (v) restructuring charges, (vi) inventory write-off related to restructuring, (vii) provision for (benefit from) income taxes, (viii) interest income, net, (ix) other (income) expense, net, (x) stock-based compensation expense and certain payroll tax expense, and (xi) depreciation and amortization expense.

We define Free Cash Flow as cash flows from operating activities less purchases of property and equipment and capitalized software and website development costs.

We define Total Orders as all orders completed through our marketplaces and Commerce Platform over the period of measurement.

We define Marketplace GOV as the total dollar value of orders completed on our marketplaces, including taxes, tips, and any applicable consumer fees, including membership fees related to DashPass, Wolt+, and Deliveroo Plus. Marketplace GOV does not include the dollar value of orders, taxes and tips, or fees charged to merchants, for orders fulfilled through our Commerce Platform.

We define Net Revenue Margin as revenue expressed as a percentage of Marketplace GOV.

We define revenue, excluding Deliveroo as revenue, excluding the revenue attributable to our Deliveroo branded marketplaces and Commerce Platform. We believe that revenue, excluding Deliveroo is a useful metric for period-over-period comparability of our legacy business.

Our definitions may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Further, these metrics have certain limitations in that they do not include the impact of certain expenses that are reflected in our consolidated statements of operations. Thus, our adjusted cost of revenue, adjusted sales and marketing expense, adjusted research and development expense, adjusted general and administrative expense, Adjusted Gross Profit, Adjusted Gross Margin, Contribution Profit, Contribution Margin, Adjusted EBITDA, Free Cash Flow, and revenue, excluding Deliveroo should be considered in addition to, not as substitutes for, or in isolation from, measures prepared in accordance with GAAP.

      1

  Members are based on the number of paid, trial, and partnership member accounts for the relevant membership programs on the last day of the period of measurement.

2

  MAUs are based on the number of individual consumer accounts that completed an order on our marketplaces in the last month of the period of measurement.

3

  For these statements only, Y/Y growth in Marketplace GOV at Deliveroo and in our international countries as a whole has been calculated on a constant currency basis, excluding exited countries, and assuming we owned Deliveroo in all applicable periods.

4

  Order frequency is calculated as the total number of orders completed on the applicable marketplaces divided by the number of individual consumer accounts that completed an order, in each case, during the period of measurement.

5

  Consumer retention is calculated as the number of individual consumer accounts from a given cohort that transacted on our platform during the most recent month of measurement as a percentage of the total individual consumer accounts in that cohort.

6

  Order rate for a given cohort and time period is calculated by multiplying retention by average order frequency for such cohort and time period.

7

  Adjusted Gross Profit per MAU is an indexed operating metric that we use to evaluate the performance of certain MAUs prior to allocation of shared-use fixed costs. We have provided a historical reconciliation of Adjusted Gross Profit, a non-GAAP financial measure, to gross profit, the most directly comparable financial measure calculated in accordance with GAAP, in tables at the end of this release. For the definition of Adjusted Gross Profit, please see “Use of Non-GAAP Financial Measures.”

8

  "Dashers" generally refers to the independent contractors that use our marketplaces. In certain geographies, Dashers may be known locally as riders, courier partners, or similar. Dashers may also refer to employees or independent contractors of third-party service providers or employees of our local entities.

9

  Calculated as the total value of Marketplace GOV divided by the total number of orders completed on our marketplaces in the period of measurement.

DOORDASH, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions)

(Unaudited)

      December 31,
2025

June 30,
2026

  Assets

  Current assets:

  Cash and cash equivalents

  $

4,378

$

4,424

Restricted cash

  273

308

Short-term investments

  1,128

923

Funds held at payment processors

  587

513

Accounts receivable, net

  1,108

1,100

Prepaid expenses and other current assets

  1,169

1,148

Total current assets

  8,643

8,416

Long-term investments

  837

869

Operating lease right-of-use assets

  437

454

Property and equipment, net

  1,067

1,246

Intangible assets, net

  2,260

2,005

Goodwill

  5,519

5,495

Other assets

  896

1,076

Total assets

  $

19,659

$

19,561

Liabilities, Redeemable Non-controlling Interests and Stockholders’ Equity

  Current liabilities:

  Accounts payable

  $

397

$

301

Operating lease liabilities

  105

104

Accrued expenses and other current liabilities

  5,645

5,747

Total current liabilities

  6,147

6,152

Operating lease liabilities

  461

474

Convertible notes, net

  2,724

2,727

Other liabilities

  281

276

Total liabilities

  9,613

9,629

Redeemable non-controlling interests

  13

11

Stockholders’ equity:

  Common stock

  —

—

Additional paid-in capital

  14,092

14,806

Accumulated other comprehensive income

  261

101

Accumulated deficit

  (4,320

)

(4,986

)

Total stockholders’ equity

  10,033

9,921

Total liabilities, redeemable non-controlling interests and stockholders’ equity

  $

19,659

$

19,561

DOORDASH, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except share amounts which are reflected in thousands, and per share data)

(Unaudited)

      Three Months Ended June 30,

Six Months Ended June 30,

  2025

2026

2025

2026

  Revenue

  $

3,284

$

4,454

$

6,316

$

8,490

Costs and expenses:

  Cost of revenue, exclusive of depreciation and amortization shown separately below

  1,616

2,107

3,116

4,099

Sales and marketing

  607

821

1,193

1,567

Research and development

  351

535

657

933

General and administrative

  388

538

720

970

Depreciation and amortization

  159

295

311

564

Restructuring charges

  —

2

1

50

Total costs and expenses

  3,121

4,298

5,998

8,183

Income from operations

  163

156

318

307

Interest income, net

  49

35

98

69

Other income, net

  59

16

53

22

Income before income taxes

  271

207

469

398

Provision for (benefit from) income taxes

  (13

)

8

(7

)

16

Net income including redeemable non-controlling interests

  284

199

476

382

Less: net loss attributable to redeemable non-controlling interests

  (1

)

(1

)

(2

)

(2

)

Net income attributable to DoorDash, Inc. common stockholders

  $

285

$

200

$

478

$

384

Net income per share attributable to DoorDash, Inc. Class A and Class B common stockholders

  Basic

  $

0.67

$

0.46

$

1.13

$

0.88

Diluted

  $

0.65

$

0.46

$

1.09

$

0.87

Weighted-average number of shares outstanding used to compute net income per share attributable to DoorDash, Inc. Class A and Class B common stockholders

  Basic

  425,113

434,425

423,278

434,924

Diluted

  438,377

439,345

436,980

440,833

DOORDASH, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

(Unaudited)

      Six Months Ended June 30,

  2025

2026

  Cash flows from operating activities

  Net income including redeemable non-controlling interests

  $

476

$

382

Adjustments to reconcile net income to net cash provided by operating activities:

  Depreciation and amortization

  311

564

Stock-based compensation

  517

580

Reduction of operating lease right-of-use assets and accretion of operating lease liabilities

  53

72

Amortization of deferred contract costs

  36

44

Office lease impairment expenses

  7

1

Other

  (44

)

8

Changes in operating assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:

  Funds held at payment processors

  128

68

Accounts receivable, net

  (90

)

(12

)

Prepaid expenses and other current assets

  (47

)

16

Other assets

  (142

)

(68

)

Accounts payable

  25

(99

)

Accrued expenses and other current liabilities

  10

84

Payments for operating lease liabilities

  (58

)

(79

)

Other liabilities

  (43

)

(23

)

Net cash provided by operating activities

  1,139

1,538

Cash flows from investing activities

  Purchases of property and equipment

  (140

)

(118

)

Capitalized software and website development costs

  (150

)

(258

)

Purchases of investments

  (725

)

(591

)

Maturities of investments

  801

729

Sales of investments

  286

29

Purchases of non-marketable investments

  —

(55

)

Acquisitions, net of cash acquired

  (1,173

)

(30

)

Other investing activities

  —

8

Net cash used in investing activities

  (1,101

)

(286

)

Cash flows from financing activities

  Proceeds from issuance of convertible notes, net of issuance costs

  2,722

—

Proceeds from issuance of warrants

  341

—

Purchase of convertible note hedges

  (680

)

—

Proceeds from exercise of stock options

  5

2

Repurchase of common stock

  —

(1,049

)

Payments of acquisition-related deferred cash consideration

  —

(20

)

Other financing activities

  (10

)

(2

)

Net cash provided by (used in) financing activities

  2,378

(1,069

)

Foreign currency effect on cash and cash equivalents, and restricted cash and cash equivalents

  63

(18

)

Net increase in cash and cash equivalents, and restricted cash and cash equivalents

  2,479

165

Cash and cash equivalents, and restricted cash and cash equivalents

  Beginning of period

  4,221

4,681

End of period

  $

6,700

$

4,846

Reconciliation of cash and cash equivalents, and restricted cash and cash equivalents to the condensed consolidated balance sheets

  Cash and cash equivalents

  $

3,911

$

4,424

Restricted cash

  2,750

308

Long-term restricted cash and cash equivalents included in other assets

  39

114

Total cash and cash equivalents, and restricted cash and cash equivalents

  $

6,700

$

4,846

Non-cash investing and financing activities

  Purchases of property and equipment not yet settled

  $

41

$

50

Stock-based compensation included in capitalized software and website development costs

  $

91

$

132

Deferred cash consideration for acquisitions

  $

112

$

58

DOORDASH, INC.

NON-GAAP FINANCIAL MEASURES

(Unaudited)

  Three Months Ended

(In millions)

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Mar. 31,

2026

Jun. 30,

2026

Cost of revenue, exclusive of depreciation and amortization

$

1,616

$

1,687

$

1,935

$

1,992

$

2,107

Adjusted to exclude the following:

Stock-based compensation expense and certain payroll tax expense

(37

)

(39

)

(45

)

(35

)

(48

)

Allocated overhead

(10

)

(12

)

(16

)

(16

)

(21

)

Adjusted cost of revenue

$

1,569

$

1,636

$

1,874

$

1,941

$

2,038

Sales and marketing

$

607

$

576

$

707

$

746

$

821

Adjusted to exclude the following:

Stock-based compensation expense and certain payroll tax expense

(33

)

(28

)

(21

)

(23

)

(35

)

Allocated overhead

(6

)

(6

)

(10

)

(8

)

(11

)

Adjusted sales and marketing

$

568

$

542

$

676

$

715

$

775

Research and development

$

351

$

355

$

419

$

398

$

535

Adjusted to exclude the following:

Stock-based compensation expense and certain payroll tax expense

(141

)

(133

)

(138

)

(113

)

(189

)

Allocated overhead

(8

)

(7

)

(7

)

(8

)

(10

)

Adjusted research and development

$

202

$

215

$

274

$

277

$

336

General and administrative

$

388

$

400

$

480

$

432

$

538

Adjusted to exclude the following:

Stock-based compensation expense and certain payroll tax expense

(71

)

(61

)

(72

)

(57

)

(77

)

Certain legal, tax, and regulatory settlements, reserves, and expenses(1)

(29

)

(48

)

(29

)

(45

)

(98

)

Transaction-related costs

(22

)

(17

)

(57

)

(13

)

(13

)

Office lease impairment expenses

—

—

(4

)

—

(1

)

Allocated overhead from cost of revenue, sales and marketing, and research and development

24

25

33

32

42

Adjusted general and administrative

$

290

$

299

$

351

$

349

$

391

Three Months Ended

(In millions, except percentages)

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Mar. 31,

2026

Jun. 30,

2026

Revenue

$

3,284

$

3,446

$

3,955

$

4,036

$

4,454

Less: Cost of revenue, exclusive of depreciation and amortization

(1,616

)

(1,687

)

(1,935

)

(1,992

)

(2,107

)

Less: Depreciation and amortization related to cost of revenue

(60

)

(70

)

(109

)

(100

)

(124

)

Gross profit

$

1,608

$

1,689

$

1,911

$

1,944

$

2,223

Gross Margin

49.0

%

49.0

%

48.3

%

48.2

%

49.9

%

Less: Sales and marketing

(607

)

(576

)

(707

)

(746

)

(821

)

Add: Depreciation and amortization related to cost of revenue

60

70

109

100

124

Add: Stock-based compensation expense and certain payroll tax expense included in cost of revenue and sales and marketing

70

67

66

58

83

Add: Allocated overhead included in cost of revenue and sales and marketing

16

18

26

24

32

Contribution Profit

$

1,147

$

1,268

$

1,405

$

1,380

$

1,641

Contribution Margin

34.9

%

36.8

%

35.5

%

34.2

%

36.8

%

Three Months Ended

(In millions, except percentages)

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Mar. 31,

2026

Jun. 30,

2026

Gross profit

$

1,608

$

1,689

$

1,911

$

1,944

$

2,223

Add: Depreciation and amortization related to cost of revenue

60

70

109

100

124

Add: Stock-based compensation expense and certain payroll tax expense included in cost of revenue

37

39

45

35

48

Add: Allocated overhead included in cost of revenue

10

12

16

16

21

Adjusted Gross Profit

$

1,715

$

1,810

$

2,081

$

2,095

$

2,416

Adjusted Gross Margin

52.2

%

52.5

%

52.6

%

51.9

%

54.2

%

Three Months Ended

(In millions)

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Mar. 31,

2026

Jun. 30,

2026

Net income attributable to DoorDash, Inc. common stockholders

$

285

$

244

$

213

$

184

$

200

Add: Net loss attributable to redeemable non-controlling interests

(1

)

(1

)

—

(1

)

(1

)

Net income including redeemable non-controlling interests

$

284

$

243

$

213

$

183

$

199

Certain legal, tax, and regulatory settlements, reserves, and expenses(1)

29

48

29

45

98

Transaction-related costs

22

17

57

13

13

Office lease impairment expenses

—

—

4

—

1

Restructuring charges

—

1

—

48

2

Provision for (benefit from) income taxes

(13

)

5

9

8

8

Interest income, net

(49

)

(71

)

(42

)

(34

)

(35

)

Other (income) expense, net

(59

)

81

(33

)

(6

)

(16

)

Stock-based compensation expense and certain payroll tax expense(2)

282

261

276

228

349

Depreciation and amortization expense

159

169

267

269

295

Adjusted EBITDA

$

655

$

754

$

780

$

754

$

914

Reconciliation of net cash provided by operating activities to Free Cash Flow

Trailing Twelve Months Ended

(in millions)

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Mar. 31,

2026

Jun. 30,

2026

Net cash provided by operating activities

$

2,188

$

2,528

$

2,431

$

2,390

$

2,830

Purchases of property and equipment

(204

)

(235

)

(257

)

(240

)

(235

)

Capitalized software and website development costs

(271

)

(301

)

(348

)

(398

)

(456

)

Free Cash Flow

$

1,713

$

1,992

$

1,826

$

1,752

$

2,139

Reconciliation of revenue to revenue, excluding Deliveroo

Three Months Ended June 30,

Six Months Ended June 30,

(in millions)

2025

2026

2025

2026

Revenue

$

3,284

$

4,454

$

6,316

$

8,490

Revenue attributable to Deliveroo

—

(383

)

—

(745

)

Revenue, excluding Deliveroo

$

3,284

$

4,071

$

6,316

$

7,745

An updated edition of the June 15, 2026 article.

The popularity of gig economy has surged since the pandemic, transforming the way people work. By allowing individuals to choose their own working hours, workload and work environment, it offers a level of flexibility that can be hardly matched by traditional employment. As both workers and businesses increasingly embrace more adaptable work arrangements, the gig economy has expanded rapidly across industries.

One of the biggest attractions of the gig economy is its ability to support a better work-life balance. For many individuals, the freedom to be their own boss is more appealing than the security of a fixed paycheck. The flexibility to decide when, where and how much to work often outweighs the stability of traditional employment for those seeking greater control over their professional lives.

The rise of the gig economy has also made everyday life more convenient. Ride-hailing services offered by Uber (UBER - Free Report) and Lyft (LYFT - Free Report) , as well as food-delivery platforms like DoorDash (DASH - Free Report) , rely heavily on gig workers to meet growing consumer demand. Similarly, freelance marketplaces like Fiverr (FVRR - Free Report) connect skilled professionals with businesses seeking short-term project support. The rapid expansion of these platforms underscores the growing appeal of flexible, independent work. Even tech giants like Alphabet (GOOGL - Free Report) and Amazon (AMZN - Free Report) are jumping into this trend. 

The long-term growth outlook for the gig economy remains compelling. According to Business Research Insights, the global gig economy market is projected to reach $674.13 billion by the end of 2026 and grow to $2.52 trillion by 2035, reflecting a robust compound annual growth rate of 15.8% during 2026-2035.

This strong growth trajectory creates meaningful opportunities for companies benefiting from the expansion of freelance and platform-based work. Through our thematic screens, investors can identify stocks tied to long-term structural trends shaping the economy's future. Those looking to capitalize on this trend can rely on our Gig Economy screen to identify promising companies operating in this space. Investors seeking attractive return potential may want to closely monitor stocks such as Etsy (ETSY - Free Report) , Uber and DoorDash.

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Etsy has built its marketplace around the principles of the gig economy by enabling millions of independent creators, artisans and small-business owners to monetize their skills without the need for a traditional retail presence. Rather than manufacturing products itself, Etsy provides the digital infrastructure—including search, payments, advertising, shipping tools and seller analytics—that allows entrepreneurs to establish and manage online businesses with relatively low upfront investment. The company views its platform as an "on-ramp to entrepreneurship," with many sellers operating one-person businesses from home while generating supplemental or primary income.

Beyond simply facilitating transactions, Etsy continues investing in technologies that improve seller productivity and long-term business sustainability. The company has introduced AI-powered shop management tools, enhanced seller dashboards and community resources that reduce administrative work, allowing creators to devote more time to designing and producing merchandise. Etsy's emphasis on personalized, handmade and made-to-order products differentiates it from mass-market e-commerce platforms while reinforcing the gig economy's focus on flexible, independent work. By combining technology, marketing support and entrepreneurial tools, Etsy enables individuals to build scalable businesses around their creative talent rather than relying on conventional employment.

Uber represents one of the world's largest gig economy platforms by connecting independent drivers and couriers with consumers seeking transportation, food delivery and other services. Operating across more than 70 countries and over 15,000 cities, Uber's marketplace allows workers to decide when, where and how often they provide services, giving them flexibility unavailable in many traditional jobs. The company maintains that drivers remain independent contractors because they control their schedules, can work across competing platforms and choose whether to accept trip requests. This flexibility has become a defining characteristic of Uber's labor model and a key driver of its global scale.

Uber has also expanded its gig economy strategy by introducing programs designed to improve the experience of platform workers while preserving work flexibility. The company partners with insurers to provide certain protections, offers educational opportunities through institutions such as Arizona State University, develops earnings-enhancing technology and actively engages with policymakers on independent worker benefits.

In addition, Uber's integrated ecosystem—which spans Mobility, Delivery and Freight—creates more earning opportunities by allowing workers to participate across multiple services. This network effect increases driver utilization while supporting Uber's broader objective of building a technology platform that powers flexible work across numerous industries.

DoorDash has developed one of the largest gig-based local commerce platforms by connecting consumers, merchants and independent delivery workers (Dashers). The company's mission is to grow and empower local economies by reducing friction in commerce while creating flexible earning opportunities for Dashers. Rather than employing drivers directly, DoorDash relies on independent contractors who can choose their own schedules, delivery frequency and preferred working hours. This asset-light operating model enables the company to efficiently scale delivery capacity in response to changing consumer demand while offering workers supplemental or full-time income opportunities.

The company's gig economy focus has broadened well beyond restaurant delivery into grocery, convenience, retail and international marketplace services through platforms including Wolt and Deliveroo. DoorDash continues investing in technology that improves matching efficiency between merchants, consumers and Dashers while expanding services for local businesses.

By helping merchants access delivery infrastructure without building their own logistics networks, DoorDash supports thousands of small businesses while simultaneously creating additional earning opportunities for independent workers. This ecosystem illustrates how gig platforms increasingly serve as critical infrastructure for local commerce, benefiting consumers, merchants and flexible workers alike. 

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DoorDash is paying gig workers to load restaurant orders into its Dot robots. Bloomberg/Getty Images DoorDash's delivery robots need a hand.

Some workers in areas where DoorDash is using its Dot delivery robot are receiving offers through the DoorDash app to load them up. While the vehicles can navigate miles to delivery destinations, it's the few feet between a restaurant's pickup counter and the curb outside where delivery workers intervene.

Devena Bybee, a DoorDash gig worker in Mesa, Arizona, said that she received one such offer in early July. The company is using the robots to make deliveries in the Phoenix area.

Bybee drove about two miles to a restaurant, picked up an order, and placed it in the Dot robot as it waited in the parking lot, she said. She took photos of each step to document the process, and the gig took five minutes, she said. DoorDash paid her about $5.

Bybee was surprised that Doordash asked her to complete the task instead of a restaurant worker who was already on-site. "I just don't see how it's efficient," she said.

On Facebook groups for DoorDash workers, some posts show screenshots of similar gig offers over the past month.

"I would never do a five-dollar order, but I was really curious about this and I was super close to the restaurant," reads one July 6 post showing a robot-loading gig at a Burger King in Scottsdale, Arizona. The poster did not immediately respond to a request for comment.

"Dashers are essential to our platform and will continue completing the majority of deliveries even as our autonomous technology scales," a DoorDash spokesperson said.

"This limited pilot is designed to support merchants during busy periods, while creating more earning opportunities for Dashers outside of traditional deliveries," the spokesperson added.

A sticking point for automationThe loading gigs are the latest example of DoorDash workers stepping in when autonomous vehicles can't complete a job on their own.

Some workers received offers from DoorDash to close open doors on Waymo's self-driving cars in Atlanta, Business Insider reported in February. Waymo plans to add a self-closing function to its vehicles in the future, the companies said at the time.

Dot, which DoorDash unveiled in September, is roughly the size of a baby stroller and can hold up to 30 pounds of cargo. The robot can navigate both roads and sidewalks to travel between restaurants and customers' homes.

Handing off orders from restaurants to robots is a challenge to the rollout of autonomous deliveries, DoorDash CEO Tony Xu said last August, shortly before the company debuted Dot.

While loading an order only takes a few minutes, restaurants that receive lots of robot-delivered orders might have an incentive to outsource the task to DoorDash, said Robert Bruno, a professor of labor and employment relations at the University of Illinois Urbana-Champaign.

DoorDash's gig workers, who are independent contractors, don't receive the same employee benefits and hourly pay rate that most restaurant workers do, Bruno said.

"Multiplied over the course of a year or more, there's probably a real savings," he said.

Bybee, the DoorDash worker in Arizona, said that the loading gig left her more confident that humans are still needed for delivery work.

"There's only so much right now that the robots can do," she said.

Do you have a story idea about DoorDash? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Alex Bitter is a senior retail reporter covering the gig economy, food, and retail. His work focuses major gig delivery and ride-hailing apps, including Uber, Lyft, DoorDash, Instacart, and Walmart's Spark. He is interested in everything from what it's like to work on the apps to the companies' business strategies.Some of his recent stories feature gig workers who have been deactivated on the apps, DoorDash hiring traditional employees to make deliveries, gig workers' use of bots, and gig work expanding into new professions, such as nursing.Alex has also written about Aldi's US expansion, Starbucks' turnaround efforts, and the fallout from Kraft-Heinz's budget cutting. Convenience store chain Sheetz ended its "smile policy" after his reporting.Before joining Insider in September 2020, he wrote about consumer and retail companies for S&P Global Market Intelligence. He's a graduate of the University of Hawai'i at Mānoa and grew up on the Big Island.Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.

Delivery automation

U.S. lawmakers have requested information from food delivery company DoorDash on its use of Chinese artificial intelligence models, CNBC has learned, as scrutiny around American businesses' use of systems developed by China ramps up.

In a letter obtained by CNBC, the chairmen of two House Select Committees conducting a joint investigation into security implications of U.S. companies using Chinese AI models asked DoorDash to share "information and documents" relating to its evaluation and deployment of AI systems from China.

"DoorDash proudly supports American AI leadership and is working to ensure AI benefits Main Street, not just the biggest companies," a DoorDash spokesperson told CNBC. "We look forward to engaging with the Committees on how we safely and responsibly use AI, including American-developed frontier models and open-weight models."

Rising adoption of China-built AI models has led to growing calls from U.S. lawmakers for strategies to combat the trend, including via an ongoing investigation from The House Committee on Homeland Security and the House Select Committee on the Chinese Communist Party.

An initial step in the joint investigation was for the chairmen of those committees to send letters to Cursor and Airbnb, over their "use of or exposure to these risks" through AI developed in China.

The letter cited a post on X by Andy Fang that details how DoorDash is delegating lower-level AI work to Chinese AI model Kimi K2.6, which is developed by Moonshot AI.

Read more CNBC tech newsAmazon posts 'booming' cloud growth, hikes 2026 capex to $220 billionApple earnings: Revenue tops estimates, but supply constraints weigh on guidanceChina's open-weight model lead exposes America's AI blind spotNew details in the OpenAI Hugging Face hack show how far agents will go: 'It's now remarkably easy'DoorDash's AI research lab had said on X that it had seen Kimi K2.6 and Anthropic's Fable 5 vastly outperform other Anthropic models it had used, including "Sonnet 4.6 and Opus 4.8 harness at a cheaper cost."

"The Committees recognize that U.S. companies, from large technology firms to startups, may evaluate and deploy PRC-developed open-weight models because they can provide competitive capabilities, lower costs, greater customization, and alternatives to reliance on a small number of proprietary model providers," the letter reads.

It added: "Those practical considerations do not eliminate the need for risk-based safeguards or diminish the national security concerns associated with growing dependence on models developed by entities subject to PRC jurisdiction."

AI arms raceAI has emerged as a key point of rivalry between the U.S. and China, with both nations vying for supremacy in the field.

"The Chinese Communist Party is no longer just nipping at our heels in artificial intelligence; it is racing to close the gap in some of the exact capabilities that will shape the future of cybersecurity," Andrew Garbarino, chairman of the U.S. House Committee on Homeland Security, previously told CNBC.

"Recent reporting that a Chinese open-weight model can match leading U.S. models in certain vulnerability discovery and cybersecurity tasks is highly alarming," said Garbarino.

Moonshot AI's release of open weight model Kimi K3 earlier this month claimed to have largely closed the performance gap with leading U.S. models.

While some government departments have banned the usage of Chinese AI models like DeepSeek, adoption by U.S. companies is not prohibited. Tech chiefs, including crypto company Coinbase's Brian Armstrong and AI startup Lindy's Flo Crivello, have been publicly touting the use of models from China to reduce costs.

"An effective federal approach should therefore scrutinize U.S. companies' reliance on [People's Republic of China]-developed models and strengthen the availability, security, and competitiveness of American open-weight alternatives," the letter said.

The availability of open weight models was thrown into the spotlight recently after it emerged that a cyber attack by rogue OpenAI models on Hugging Face was stopped by using a Chinese system.

Open weight models can be downloaded, modified and self-hosted by companies. The most capable open weight models are Chinese made. The leading frontier models developed by OpenAI and Anthropic are closed.

"The Committees are also examining whether the United States has a sufficient open-weight AI strategy to ensure American companies and cyber defenders are not forced to choose between expensive or restricted U.S. models and cheap, capable PRC-developed alternatives," a Committee aide, who asked not to be named as they were not authorized to discuss the ongoing probe, previously told CNBC.

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© Drone shadow over residential area by Carey Stranahan / BY 4.0 (https://creativecommons.org/licenses/by/4.0/)

DoorDash (NASDAQ:DASH | DASH Price Prediction) on July 29, 2026 announced the launch of DoorDash Air, its in-house drone delivery program, after securing FAA Part 135 certification to operate commercial drone deliveries in the U.S. The rollout arrives against a backdrop of persistent consumer wariness: a 2024 survey of 1,031 U.S. adults by Vanderbilt University’s Policy Accelerator found that nearly 70% of respondents are concerned that more drones in their neighborhood could compromise safety.

Inside the DoorDash Air Rollout DoorDash Air was developed by DoorDash Labs, the company’s robotics and autonomy unit, and will eventually be integrated into the main DoorDash app. The company is building its own aircraft and broader drone infrastructure and expects to begin in-house commercial drone deliveries in fall 2026, though it has not disclosed a specific commercial deployment timeline. DoorDash says drone deliveries covering distances under five miles can typically take less than 25 minutes.

The company plans to continue working with existing third-party drone delivery partners, including Wing, alongside the new in-house capability. The initiative builds on previously disclosed autonomy work, including the Autonomous Delivery Platform and DoorDash Dot, a purpose-built autonomous delivery vehicle for roads, bike lanes, and sidewalks.

A Crowded Sky DoorDash enters a field that already includes Amazon’s Prime Air, Alphabet-owned Wing, and Zipline. Amazon (NASDAQ:AMZN), with a market capitalization of roughly $2.57 trillion in the broader group, has pushed same-day and overnight fulfillment aggressively. Alphabet (NASDAQ:GOOGL) operates Wing as a commercial drone delivery subsidiary. Zipline is privately held.

DoorDash shares closed at $193.53 on July 29, 2026, up 8.89% over the prior week but down 14.55% year to date. The company reported first-quarter 2026 revenue of $4.04 billion, up 33% year over year, and 933 million total orders, up 27%.

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The Public Sentiment Gap The same 2024 Vanderbilt survey found that 66% of respondents said they don’t like the idea of drones filming or capturing images of their homes, a privacy concern distinct from the safety figure. Broader trade polling cited alongside the report shows 57% of Americans have little or no trust in drones to deliver products safely.

Concern about drone safety has been consistent over time. A separate December 2019 poll by TargetPoint, commissioned by the Hawthorn Group, based on 801 telephone interviews with a plus or minus 3-point margin of error, found 68% of Americans concerned about drone safety, only 7% not concerned at all, and 82% believing commercial cargo drones will cause a serious accident “sooner or later.”

DoorDash is stepping into a commercial drone market that is expanding faster than public comfort with the technology. Whether DoorDash Air narrows that gap will depend on how the rollout unfolds through the remainder of 2026.

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Contact [email protected] for any questions or corrections.

By PYMNTS  |  July 29, 2026

 | 

DoorDash says it has received permission to launch its in-house drone delivery program.

The launch follows the company’s receipt of its Part 135 air carrier certification from the Federal Aviation Administration (FAA), DoorDash said in a Wednesday (July 29) news release, calling the news a “significant” milestone following a rigorous evaluation process.

“We want drone delivery to work for any merchant, anywhere. We’re building the full stack to make that possible from the ground infrastructure to the drone itself, and the handoff systems that make it work together seamlessly,” said Harrison Shih, head of DoorDash Air.

“Advances in hardware, compute, and AI are creating extraordinary new capabilities for local commerce, and becoming a certified air carrier accelerates everything we’re building.”

DoorDash says drone delivery means consumers can get the items they need when they most need them, whether that means essentials like cold medicine or time-sensitive items “like a coffee or hot meal to a nurse finishing a 12-hour shift.”

Last year, drones delivered in an average of 25 minutes, based on the company’s latest estimates, with some participating locations of its drone partner pilots seeing order volume grow by roughly 30%.

“Drone delivery also solves unique challenges for local commerce. For example, more than 20% of orders on the DoorDash platform in 2025 traveled three to five miles, but those orders took on average nearly 25% longer than shorter deliveries, largely because finding the right Dasher takes longer for mid-range trips,” the release added.

“Routing mid-range deliveries to drones lets Dashers focus on the orders they often favor: shorter deliveries that can be done quickly, staying near a high concentration of merchants for optimal routing, and maximizing their earning potential by getting them to their next order faster.”

In other drone delivery news, Walmart said earlier this month that its drones have now made more than 1 million deliveries, 40% of which happened in the company’s current quarter.

“The one millionth delivery comes as Walmart continues to rapidly expand drone capabilities across 66 stores in four states serving five metro markets,” Walmart said.

“Since launch we’ve seen customers evolve from trying it to experience the novelty of the service for items like bananas or snack food, to now turning to it frequently to get items delivered really fast, when they need them most.”

A Doordash delivery bag is seen in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly Purchase Licensing Rights, opens new tab

July 29 (Reuters) - DoorDash (DASH.O), opens new tab on Wednesday launched its in-house drone-delivery program, DoorDash Air, after securing a ​U.S. Federal Aviation Administration certification to operate ‌commercial drone deliveries in the U.S.

The move marks the food-delivery company's push into autonomous delivery as it ​looks to reduce reliance on human ​couriers and expand its logistics network.

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Here are ⁠the key details:

The program was developed by ​DoorDash Labs, its robotics and autonomy unit, and ​will eventually be integrated into its delivery app, according to a TechCrunch report.

DoorDash said it is building ​its own aircraft and broader drone infrastructure ​but did not provide a timeline for commercial deployment.

The launch ‌adds ⁠DoorDash to a growing field of drone-delivery operators that includes Amazon's Prime Air, Alphabet-owned Wing and Zipline, which have been expanding commercial ​operations in ​recent years.

The ⁠company will continue working with existing drone-delivery partners Wing and Flytrex ​even as it develops its own ​capabilities, ⁠the TechCrunch report added.

DoorDash already operates a multi-modal delivery network that combines human couriers, its Dot ⁠sidewalk ​robots and autonomous delivery ​partners, with drones serving as an additional fulfillment option.

Reporting by ​Savyata Mishra in Bengaluru; Editing by Shreya Biswas

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Delivery provider plans to build its own aircraft and an end-to-end aerial network.