Is Doordash's gross profit margin improving in 2024?

**Doordash's gross profit margin is improving in 2024.** Here are the key points to support this conclusion: 1. **Increase in Gross Profit Margin**: DoorDash reported a gross profit margin of 48.31% as of December 31, 2024. This is a notable improvement from the previous period, indicating enhanced profitability for the company. |code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code| |---|---|---|---|---|---|---| |DASH|DASH.O|Doordash|2024 Q1|47.0752|-0.8302207953350788|185| |DASH|DASH.O|Doordash|2024 Q2|47.2098|0.18866362909028142|185| |DASH|DASH.O|Doordash|2024 Q3|47.9042|2.0623740311316285|185| |DASH|DASH.O|Doordash|2024 Q4|48.3119|3.1076195476333757|185| 2. **Financial Performance and Market Position**: The company reported a 25% increase in revenue, reaching $2.9 billion, and a 21% rise in gross order value to $21.3 billion in the fourth quarter of 2024. This growth in revenue and gross order value contributes to improved gross profit margins. 3. **Strategic Initiatives**: DoorDash's diversification of services, expansion into new markets, and technological innovations are contributing to its improved gross profit margin. The company's partnership with Klarna for Buy Now, Pay Later options and its focus on operational efficiency are likely enhancing profitability. 4. **International Expansion**: The acquisition of Finnish delivery company Wolt has facilitated entry into new markets, which is expected to contribute to future growth and profitability. This expansion into international markets can lead to improved gross profit margins as the company leverages economies of scale and reduces costs associated with entering new markets. 5. **S&P 500 Inclusion**: DoorDash's inclusion in the S&P 500 index on March 24, 2025, reflects strong market confidence in its growth trajectory and profitability. This inclusion often brings increased investor interest and fund inflows, which can positively impact the company's financial performance, including its gross profit margin. In conclusion, DoorDash's gross profit margin is improving in 2024 due to a combination of factors including increased revenue, improved operational efficiency, strategic partnerships, and international expansion. These factors collectively contribute to enhanced profitability for the company.