DoorDash reported second-quarter revenue of $4.5 billion on Wednesday, up 36% year-over-year, and raised its outlook for the current quarter.
Adjusted EBITDA reached $914 million in the second quarter, up 40% from the same period a year earlier and, the company said, “well above” its own expectation
For the third quarter, DoorDash is guiding for Marketplace gross order value of $33 billion to $34 billion and adjusted EBITDA of $950 million to $1.1 billion. Total orders grew 27% year-over-year to 970 million in the quarter, while Marketplace GOV — the total dollar value of orders on its platforms — rose 36% to $33.1 billion. Excluding the contribution of Deliveroo, which DoorDash acquired, revenue grew 24% and Marketplace GOV grew 23%.
GAAP net income attributable to DoorDash common stockholders fell 30% year-over-year to $200 million, down from $285 million in the second quarter of 2025. Research and development expenses rose 52% year-over-year to $535 million, while general and administrative expenses climbed 39% to $538 million. Free cash flow for the quarter came in at $742 million, more than double the $355 million generated in the second quarter of 2025.