Net Profit Margin
since 2020
Calculation
DoorDash, Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to DoorDash, Inc. common stockholders1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 6.82% | = | 100 | × | 935) | ÷ | 13,717) |
| Dec 31, 2024 | 1.15% | = | 100 | × | 123) | ÷ | 10,722) |
| Dec 31, 2023 | -6.46% | = | 100 | × | (558) | ÷ | 8,635) |
| Dec 31, 2022 | -20.74% | = | 100 | × | (1,365) | ÷ | 6,583) |
| Dec 31, 2021 | -9.57% | = | 100 | × | (468) | ÷ | 4,888) |
| Dec 31, 2020 | -15.97% | = | 100 | × | (461) | ÷ | 2,886) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$ in millions
The net profit margin exhibited significant fluctuations between 2020 and 2025. Initially negative, the metric transitioned to positive values, demonstrating a substantial improvement in profitability over the observed period.
- Net Profit Margin Trend
- In 2020, the net profit margin stood at -15.97%, indicating a considerable net loss relative to revenue. This negative margin persisted in 2021, albeit with a slight improvement to -9.57%. The margin deteriorated further in 2022, reaching -20.74%, representing the lowest point within the analyzed timeframe.
- A notable shift occurred in 2023, with the net profit margin improving to -6.46%, suggesting a reduction in net losses. This positive trend continued into 2024, where the company achieved a net profit margin of 1.15%, marking the first year of profitability during the period. The most recent year, 2025, saw a significant increase in the net profit margin, reaching 6.82%, indicating a substantial improvement in profitability.
The progression from consistent net losses to positive and increasing net profit margins suggests successful implementation of strategies aimed at improving operational efficiency and revenue generation. The magnitude of the improvement between 2024 and 2025 is particularly noteworthy, indicating accelerating profitability.
- Relationship to Revenue
- Revenue consistently increased throughout the period, from US$2,886 million in 2020 to US$13,717 million in 2025. The initial negative net profit margins coincided with periods of revenue growth, suggesting that revenue increases alone were insufficient to generate profit. However, as the net profit margin improved, it became evident that the company was able to leverage revenue growth into actual earnings.
The observed trend in net profit margin, coupled with consistent revenue growth, paints a picture of a company transitioning from a growth-focused, loss-incurring phase to a more mature, profitable stage.
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Comparison to Competitors
DoorDash, Inc., net profit margin, long-term trends, comparison to competitors
| DoorDash, Inc. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|
| Dec 31, 2025 | 6.82% | 20.51% | 20.08% | 12.88% | 31.85% | 4.99% |
| Dec 31, 2024 | 1.15% | 23.85% | 24.78% | 13.56% | 31.72% | 10.40% |
| Dec 31, 2023 | -6.46% | 48.32% | 20.07% | 12.45% | 33.22% | 11.46% |
| Dec 31, 2022 | -20.74% | 22.54% | 17.89% | 10.41% | 26.65% | 10.18% |
| Dec 31, 2021 | -9.57% | -5.88% | 10.63% | 8.65% | 32.49% | 14.45% |
| Dec 31, 2020 | -15.97% | -135.71% | 0.87% | 5.94% | 24.63% | 3.95% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Sector (Consumer Services)
DoorDash, Inc., net profit margin, long-term trends, comparison to sector (consumer services)
| DoorDash, Inc. | Consumer Services | |
|---|---|---|
| Dec 31, 2025 | 6.82% | 16.14% |
| Dec 31, 2024 | 1.15% | 18.64% |
| Dec 31, 2023 | -6.46% | 20.08% |
| Dec 31, 2022 | -20.74% | 14.50% |
| Dec 31, 2021 | -9.57% | 15.60% |
| Dec 31, 2020 | -15.97% | 1.66% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Industry (Consumer Discretionary)
DoorDash, Inc., net profit margin, long-term trends, comparison to industry (consumer discretionary)
| DoorDash, Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2025 | 6.82% | 7.84% |
| Dec 31, 2024 | 1.15% | 8.69% |
| Dec 31, 2023 | -6.46% | 7.84% |
| Dec 31, 2022 | -20.74% | 5.02% |
| Dec 31, 2021 | -9.57% | 9.12% |
| Dec 31, 2020 | -15.97% | 5.18% |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).