DoorDash (DASH) Earnings Preview

DoorDash (DASH) is set to announce its third-quarter 2025 financial results after the market closes today. Wall Street expects robust year-over-year growth in both earnings per share (EPS) and revenue, driven by strong consumer demand, expansion into new verticals like grocery, and increased operational efficiencies. The Zacks Consensus Estimate for earnings is pegged at 68 cents per share, indicating year-over-year growth of 79%. The Zacks Consensus Estimate for revenues is currently pegged at $3.37 billion, suggesting a 24% increase year over year.

The company has guided for Marketplace Gross Order Value (GOV) in the range of $24.2 billion to $24.7 billion for 3Q, suggesting continued strong order volume. The Zacks Consensus Estimate for total orders is 771 million, an expected year-over-year increase of nearly 20%. 

DoorDash has continued to expand its partner base, which includes companies such as Dollar General (DG), The Home Depot (HD), Ace Hardware, McDonald’s (MCD), Kroger (KR), Waymo (GOOGL), and Ibotta, which is expected to have boosted total orders growth and broadened DoorDash’s reach and enhanced its service offerings in 3Q. 

The subscription service, DashPass, has reached an all-time high in subscribers. This growth is expected to have enhanced customer loyalty and increased order frequency in the third quarter. The proposed acquisition of Deliveroo is expected to close in 4Q 2025. Any updates on regulatory approvals and integration plans could provide insight into DoorDash's international strategy.

DoorDash’s stock is up 43% this year but has fallen about 16% from its all-time high of $285.50 from last month. The Option Market is pricing in a +/- 9.2% ($22.20) move post earnings with Implied Volatility percentile of 67%. 

The take-rate and ad mix are also key, since ad revenue carries higher margins. Also important will be management's tone on cost control and automation spending. Overall, with a bullish analyst sentiment and strong operational metrics expected, the market is looking for DoorDash to validate its growth trajectory and expanding profitability when it reports its results after the closing bell today.

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.