Online grocery delivery platform Instacart (NASDAQ:CART) will be reporting results this Monday before market hours. Here’s what you need to know.

Instacart beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $914 million, up 11.1% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates.

Is Instacart a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Instacart’s revenue to grow 9.6% year on year to $934.1 million, slowing from the 11.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share.

Instacart Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Instacart has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Instacart’s peers in the online marketplace segment, some have already reported their Q3 results, giving us a hint as to what we can expect. EverQuote delivered year-on-year revenue growth of 20.3%, beating analysts’ expectations by 4.3%, and Shutterstock reported revenues up 3.8%, topping estimates by 1.6%. EverQuote traded up 8.3% following the results while Shutterstock’s stock price was unchanged.

Read our full analysis of EverQuote’s results here and Shutterstock’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the online marketplace stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.6% on average over the last month. Instacart is down 3.1% during the same time and is heading into earnings with an average analyst price target of $54.81 (compared to the current share price of $37.11).

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