Yahoo Finance
DoorDash (NASDAQ:DASH) released its second quarter 2026 financial results on August 5, and the headline numbers moved in the right direction almost across the board.
Total orders climbed 27% year over year to 970 million, marketplace gross order value rose 36% to $33.1 billion, and revenue jumped 36% to $4.5 billion.
Adjusted EBITDA came in well above the company's own expectations at $914 million.
But GAAP net income fell 30% to $200 million, a reminder that scale and profit aren't always moving in lockstep.
Much of that growth traces back to DashPass.
In the twelve months through the second quarter, DoorDash added more paid US members than it did over the prior two years combined, and DashPass members now account for roughly 75% of total orders in the company's grocery and retail categories.
That kind of loyalty penetration tends to compound, since paying members order more often and stick around longer, even if the discounts they receive shave a bit off gross margin.
The merchant side is expanding just as fast.
DoorDash connects consumers with more than 1 million merchants across 40 countries, and it has signed nationwide agreements with retailers such as Dollar Tree and AutoParts.com to push further into general logistics rather than just restaurant meals.
Its digital ordering service is now used by more than 150,000 merchants, with revenue from that business up over 40% year over year, while new signed venues at SevenRooms more than doubled and reservations booked through DoorDash's marketplaces jumped over 150% from the prior quarter.
Internationally, the Deliveroo acquisition is paying off, with growth there accelerating and exceeding the company's own profit expectations for the quarter, while Wolt posted improving order rates and unit economics.
DoorDash is also pouring money into autonomy, expecting its Dot delivery robots to handle a high single-digit percentage of orders in its largest test market by year-end, and it recently earned FAA Part 135 air carrier certification to expand drone delivery testing.
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