DoorDash Stock Jumps 14% After Q1 Orders Surge 27%

DoorDash Inc. (NASDAQ: DASH) reported first-quarter total orders of 933 million, a 27% year-over-year increase that sent its shares climbing as much as 14% after the results were announced.

"We had a strong start to 2026, with rigorous execution across our business," the company said in its quarterly shareholder letter, citing record membership signups and a new high for monthly active users.

The food delivery and logistics company posted revenue of $4.04 billion for the quarter ended March 31, a 33% increase from the prior-year period. Net income attributable to common stockholders was $184 million, or $0.42 per diluted share, a decrease from $193 million, or $0.44 per share, in the first quarter of 2025. The result surpassed the average analyst estimate of $0.37 per share.

Metric	Actual	Q1 2025	YoY Change
Revenue	$4.04B	$3.03B	+33%
Net Income	$184M	$193M	-5%
Diluted EPS	$0.42	$0.44	-4.5%
Total Orders	933M	732M	+27%
Marketplace GOV	$31.6B	$23.1B	+37%
Adjusted EBITDA	$754M	$590M	+28%

The strong performance was driven by continued growth in its core U.S. restaurant category, as well as expansion into non-restaurant categories like grocery and retail. The company said it attracted more new consumers to its U.S. grocery and retail categories in the first quarter than in any previous quarter.

Internationally, the integration of Deliveroo contributed to growth, with DoorDash noting accelerated user and order growth in the U.K., France, and Italy. Excluding the impact of Deliveroo, Marketplace Gross Order Value increased 24% year-over-year.

For the second quarter of 2026, DoorDash projects Marketplace GOV to be between $32.4 billion and $33.4 billion and adjusted EBITDA in a range of $770 million to $870 million. The company's upbeat guidance on order volume helped investors look past a slight revenue miss reported by some outlets and increased spending on global expansion and driver relief programs.

The results suggest DoorDash's strategy of expanding its membership programs and investing in new categories is paying off, allowing it to maintain growth momentum. Investors will watch the company's second-quarter results to see if it can sustain this level of user and order growth amid ongoing investments.

This article is for informational purposes only and does not constitute investment advice.