Instacart Reports Q2 Earnings Beat, Sets Optimistic GTV Outlook

Instacart reported Q2 results beating expectations with a 17% increase in orders and an 11% rise in gross transaction value. Shares rose nearly 10% in after-hours trading. The company's strong performance drove upbeat GTV outlook, with a significant increase in orders and revenue.

Instacart reported its second-quarter results, which exceeded market expectations. The company's gross transaction value (GTV) rose by 11% year-over-year to $9.08 billion, surpassing a FactSet estimate of $8.93 billion [1]. Net income more than doubled to $116 million, or 41 cents per share, compared to the previous year. Orders increased by 17% to $82.7 million, while the average value per order fell by 5% due to a lower free delivery threshold for Instacart+ members.

The outgoing CEO Fidji Simo, who has been instrumental in the company's growth, stepped down to join OpenAI as its new head of applications. Business chief Chris Rogers will take over as CEO later this month. Simo will remain on the board as Rogers assumes the role.

Instacart's strong performance was reflected in its stock price, with shares jumping nearly 10% in after-hours trading. The company expects its GTV to range between $9 billion and $9.15 billion for the current quarter, surpassing analysts' forecasts.

The company is leveraging artificial intelligence to enhance personalization and accelerate feature launches, further solidifying its position in the grocery delivery market.

References:
[1] https://www.cnbc.com/2025/08/07/instacart-cart-earnings-q2-2025.html