DoorDash reported a 39% year-over-year increase in Marketplace Gross Order Value (GOV) for the fourth quarter of 2025, reaching $29.7 billion, surpassing the Zacks Consensus Estimate by 1.64%. This growth is primarily attributed to the company’s expanded offerings in fulfillment services, including DashMart and partnerships with major retailers like OpenAI, Kroger, and McDonald’s.
For the first quarter of 2026, DoorDash anticipates Marketplace GOV to range between $31.0 billion and $31.8 billion. Despite this growth, DoorDash shares have declined by 34.3% in the past six months, outpacing the rise of the Zacks Internet – Services industry (23.9%) and the broader Zacks Computer & Technology sector (3.5%). The company faces heightened competition from Uber Technologies and Amazon, both of which have seen significant growth in their delivery segments.
Currently, DoorDash has a forward Price/Earnings ratio of 56.4, significantly higher than the industry average of 25.7. The Zacks Consensus Estimate for earnings in the first quarter of 2026 is set at 41 cents per share, reflecting a 35.9% decline over the last month, indicating challenges ahead for the company’s market positioning.
