Maplebear Inc

CART: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Instacart Earnings: Marketplace Momentum Builds, but Competitive Pressure Endures

Mark Giarelli , Robert Leary

Aug 7, 2026

Instacart delivered strong second-quarter results. Gross transaction value and revenue rose 14%, advertising rose 16%, and adjusted EBITDA rose 19%. Continued customer growth, improving fulfillment, and stronger monetization are encouraging, though competitive risks are unchanged.

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Maplebear Inc

Instacart Earnings: Marketplace Momentum Builds, but Competitive Pressure Endures

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