Instacart (CART) earnings Q3 2025

Instacartshares rose more than 8 percent before the bell on Monday grocery delivery platform on top of third quarter profit and issued optimistic guidance under new CEO Chris Rogers.

The company’s performance according to LSEG forecasts is as follows:

• Earnings per share: 51 cents adjusted, 49 cents expected
• Revenues: 939 million dollars, while the expectation was 934 million dollars

Revenues increased 10% from $852 million in the same period a year ago. Gross transaction value, which tracks the value of goods sold, rose 10% to $9.17 billion from $8.3 billion last year, beating FactSet’s estimate of $9.11 billion.

In his first letter to shareholders as CEO, Rogers called the company a “clear leader” in online grocery delivery and said Instacart is focused on continuing to invest.

“We are deepening customer and retailer relationships, expanding our advertising ecosystem, and launching innovative AI-powered tools across every aspect of our business—all while driving profitable growth,” he wrote.

The grocery delivery platform estimated gross transaction value for the current quarter to range between $9.45 billion and $9.6 billion; this reflects annual growth of 9% to 11%. The midpoint beat FactSet’s estimate of $9.48 billion. The company expects EBITDA to be between $285 million and $295 million.

Instacart said the guidance reflects strong October and corporate partnership growth, but also takes into account issues with the Supplemental Nutrition Assistance Program, or SNAP, as the government shutdown drags on.

Orders in the period increased 14% year-on-year to 83.4 million, exceeding the 83 million StreetAccount had expected. Instacart said average order volume was down 4% due to restaurant orders and waived delivery fees on sub-cart orders for Instacart+ members.

Instacart’s net income rose to $144 million, or 51 cents per share, from $118 million (42 cents) in the same period last year.

The company said it is using artificial intelligence tools to expand features and increase advertising bids for grocers and shoppers. Earlier this month, the company launched a number of new AI solutions for grocers, including a shopping assistant that offers product recommendations.

The company also increased its share repurchase plan by $1.5 billion and announced plans to conduct an accelerated share repurchase program of $250 million.

WRISTWATCH: Evercore ISI’s Mark Mahaney says investors don’t like investment cycles