DASH Q3 2025 Earnings
Reported Nov 5, 2025 at 4:09 PM ET · SEC Source
Q3 25 EPS
$0.55
MISS 19.12%
Est. $0.68
Q3 25 Revenue
$3.45B
vs S&P Since Q3 25
-26.2%
TRAILING MARKET
DASH -18.7% vs S&P +7.5%
Market Reaction
Did DASH Beat Earnings? Q3 2025 Results
DoorDash delivered a mixed quarter in Q3 2025, posting GAAP diluted EPS of $0.55 against a consensus estimate of $0.68, a miss of roughly 19%, even as revenue climbed 27.4% year over year to $3.45 billion on the back of accelerating order growth and … Read more DoorDash delivered a mixed quarter in Q3 2025, posting GAAP diluted EPS of $0.55 against a consensus estimate of $0.68, a miss of roughly 19%, even as revenue climbed 27.4% year over year to $3.45 billion on the back of accelerating order growth and expanding monthly active users. Shares fell sharply in the wake of the report, reflecting investor unease despite several operational bright spots, including U.S. Restaurant GOV reaching its highest year-over-year growth rate in more than three years and Net Revenue Margin widening to 13.8%. The company's $2.80 billion acquisition of Deliveroo, which closed October 2, now positions DoorDash across more than 40 countries serving over 50 million MAUs, though it also introduces meaningful currency and geopolitical risk. For Q4 2025, management guided Marketplace GOV of $28.90 billion to $29.50 billion and Adjusted EBITDA of $710 million to $810 million, inclusive of Deliveroo, while flagging plans to invest several hundred million dollars more in new initiatives and platform development in 2026 than in 2025.
Key Takeaways
- • Strong growth in monthly active users driving Marketplace GOV acceleration
- • Increasing advertising revenue contribution boosting Net Revenue Margin
- • Reduction in credits and refunds as a percentage of Marketplace GOV
- • Reduction in Dasher costs as a percentage of Marketplace GOV
- • U.S. restaurant category Y/Y GOV growth reached highest rate in over three years
- • U.S. DashPass paid member additions exceeded full-year expectations through first nine months
- • International unit economics reached all-time high in Q3 2025
- • Contribution from growth in average order frequency and average order values
DASH YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
DASH Revenue by Segment
Business unit performance breakdown
DASH Earnings Trends
DASH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DASH EPS Trend
Earnings per share: estimate vs actual
DASH Revenue Trend
Quarterly revenue: estimate vs actual
DASH Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 MISS FY | $0.59 | $0.48 | -18.51% | $3.96B | — |
| FY Full Year | — | $2.13 | — | $13.72B | — |
| Q3 25 MISS | $0.68 | $0.55 | -19.12% | $3.45B | — |
| Q2 25 BEAT | $0.43 | $0.65 | +51.16% | $3.28B | — |
| Q1 25 BEAT | $-0.04 | $0.44 | +1,200.00% | $3.03B | — |