DOORDASH, INC., 10-Q filed on 5/7/2025
Quarterly Report
v3.25.1
Cover - shares
3 Months Ended
Mar. 31, 2025
Apr. 30, 2025
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
Document Transition Report false  
Entity File Number 001-39759  
Entity Registrant Name DOORDASH, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 46-2852392  
Entity Address, Address Line One 303 2nd Street, South Tower, 8th Floor  
Entity Address, City or Town San Francisco  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94107  
City Area Code 650  
Local Phone Number 487-3970  
Title of 12(b) Security Class A common stock, par value of $0.00001 per share  
Trading Symbol DASH  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001792789  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Class A Common Stock    
Entity Information [Line Items]    
Entity Common Stock, Shares Outstanding   398,681,310
Class B Common Stock    
Entity Information [Line Items]    
Entity Common Stock, Shares Outstanding   25,062,815
Class C Common Stock    
Entity Information [Line Items]    
Entity Common Stock, Shares Outstanding   0
v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,500 $ 4,019
Restricted cash 202 190
Short-term marketable securities 1,317 1,322
Funds held at payment processors 322 436
Accounts receivable, net 782 732
Prepaid expenses and other current assets 730 687
Total current assets 7,853 7,386
Long-term marketable securities 842 835
Operating lease right-of-use assets 384 389
Property and equipment, net 846 778
Intangible assets, net 504 510
Goodwill 2,412 2,315
Other assets 731 632
Total assets 13,572 12,845
Current liabilities:    
Accounts payable 329 321
Operating lease liabilities 70 68
Accrued expenses and other current liabilities 4,178 4,049
Total current liabilities 4,577 4,438
Operating lease liabilities 457 468
Other liabilities 143 129
Total liabilities 5,177 5,035
Commitments and contingencies (Note 8)
Redeemable non-controlling interests 6 7
Stockholders’ equity:    
Common stock, par value, Class A, Class B and Class C shares authorized, issued and outstanding 0 0
Additional paid-in capital 13,444 13,165
Accumulated other comprehensive income (loss) 7 (107)
Accumulated deficit (5,062) (5,255)
Total stockholders’ equity 8,389 7,803
Total liabilities, redeemable non-controlling interests and stockholders’ equity $ 13,572 $ 12,845
v3.25.1
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 31, 2025
Dec. 31, 2024
Class of Stock [Line Items]    
Common stock, par value ($ per share) $ 0.00001 $ 0.00001
Class A Common Stock    
Class of Stock [Line Items]    
Common stock, authorized (shares) 6,000,000,000 6,000,000,000
Common stock, issued (shares) 398,519,000 393,816,000
Common stock, outstanding (shares) 398,519,000 393,816,000
Class B Common Stock    
Class of Stock [Line Items]    
Common stock, authorized (shares) 200,000,000 200,000,000
Common stock, issued (shares) 25,108,000 25,861,000
Common stock, outstanding (shares) 25,108,000 25,861,000
Class C Common Stock    
Class of Stock [Line Items]    
Common stock, authorized (shares) 2,000,000,000 2,000,000,000
Common stock, issued (shares) 0 0
Common stock, outstanding (shares) 0 0
v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue $ 3,032 $ 2,513
Costs and expenses:    
Cost of revenue, exclusive of depreciation and amortization shown separately below 1,500 1,330
Sales and marketing 586 504
Research and development 306 279
General and administrative 332 319
Depreciation and amortization 152 142
Restructuring charges 1 0
Total costs and expenses 2,877 2,574
Income (loss) from operations 155 (61)
Interest income, net 49 45
Other expense, net (6) (2)
Income (loss) before income taxes 198 (18)
Provision for income taxes 6 7
Net income (loss) including redeemable non-controlling interests 192 (25)
Less: net loss attributable to redeemable non-controlling interests (1) (2)
Net income (loss) attributable to DoorDash, Inc. common stockholders $ 193 $ (23)
Net income (loss) per share attributable to DoorDash, Inc. Class A and Class B common stockholders    
Basic (in $ per share) $ 0.46 $ (0.06)
Diluted (in $ per share) $ 0.44 $ (0.06)
Weighted-average number of shares outstanding used to compute net income (loss) per share attributable to DoorDash, Inc. Class A and Class B common stockholders    
Basic (in shares) 421,422 405,482
Diluted (in shares) 435,563 405,482
v3.25.1
Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income (loss) including redeemable non-controlling interests $ 192 $ (25)
Other comprehensive income (loss), net of tax:    
Change in foreign currency translation adjustments 112 (70)
Change in unrealized gains and losses on marketable securities 2 (4)
Total other comprehensive income (loss) 114 (74)
Comprehensive income (loss) including redeemable non-controlling interests 306 (99)
Less: Comprehensive loss attributable to redeemable non-controlling interests (1) (2)
Comprehensive income (loss) attributable to DoorDash, Inc. common stockholders $ 307 $ (97)
v3.25.1
Condensed Consolidated Statements of Redeemable Non-Controlling Interests and Stockholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Redeemable Non-Controlling Interests
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Redeemable non-controlling interests, beginning balance at Dec. 31, 2023 $ 7          
Increase (Decrease) in Temporary Equity [Roll Forward]            
Recognition of redeemable non-controlling interest upon additional capital investment   $ 6        
Net income (loss)   (2)        
Redeemable non-controlling interests, ending balance at Mar. 31, 2024 11          
Beginning balance (shares) at Dec. 31, 2023     403,228      
Beginning balance at Dec. 31, 2023 6,806   $ 0 $ 11,887 $ (5,154) $ 73
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon settlement of restricted stock units (shares)     3,710      
Issuance of common stock upon exercise of stock options (shares)     1,574      
Issuance of common stock upon exercise of stock options 1     1    
Stock-based compensation 289     289    
Other comprehensive income (loss) (74)         (74)
Net income (loss) (23)       (23)  
Ending balance (shares) at Mar. 31, 2024     408,512      
Ending balance at Mar. 31, 2024 6,999   $ 0 12,177 (5,177) (1)
Redeemable non-controlling interests, beginning balance at Dec. 31, 2024 7          
Increase (Decrease) in Temporary Equity [Roll Forward]            
Net income (loss)   $ (1)        
Redeemable non-controlling interests, ending balance at Mar. 31, 2025 6          
Beginning balance (shares) at Dec. 31, 2024     419,677      
Beginning balance at Dec. 31, 2024 $ 7,803   $ 0 13,165 (5,255) (107)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon settlement of restricted stock units (shares)     3,199      
Issuance of common stock upon exercise of stock options (shares) 751   751      
Issuance of common stock upon exercise of stock options $ 3     3    
Stock-based compensation 276     276    
Other comprehensive income (loss) 114         114
Net income (loss) 193       193 0
Ending balance (shares) at Mar. 31, 2025     423,627      
Ending balance at Mar. 31, 2025 $ 8,389   $ 0 $ 13,444 $ (5,062) $ 7
v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income (loss) including redeemable non-controlling interests $ 192 $ (25)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 152 142
Stock-based compensation 235 252
Reduction of operating lease right-of-use assets and accretion of operating lease liabilities 26 26
Office lease impairment expenses 7 0
Other 18 14
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed from acquisition:    
Funds held at payment processors 119 (41)
Accounts receivable, net (53) (18)
Prepaid expenses and other current assets (35) (22)
Other assets (115) (49)
Accounts payable 14 (12)
Accrued expenses and other current liabilities 94 306
Payments for operating lease liabilities (28) (27)
Other liabilities 9 7
Net cash provided by operating activities 635 553
Cash flows from investing activities    
Purchases of property and equipment (74) (17)
Capitalized software and website development costs (67) (49)
Purchases of marketable securities (425) (529)
Maturities of marketable securities 433 528
Sales of marketable securities 0 4
Acquisition, net of cash acquired (27) 0
Other investing activities 0 (9)
Net cash used in investing activities (160) (72)
Cash flows from financing activities    
Proceeds from exercise of stock options 3 1
Other financing activities 0 6
Net cash provided by financing activities 3 7
Foreign currency effect on cash, cash equivalents, and restricted cash 15 (13)
Net increase in cash, cash equivalents, and restricted cash 493 475
Cash, cash equivalents, and restricted cash, beginning of period 4,221 2,772
Cash, cash equivalents, and restricted cash, end of period $ 4,714 $ 3,247
v3.25.1
Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Statement of Cash Flows [Abstract]    
Cash and cash equivalents $ 4,500 $ 3,124
Restricted cash 202 111
Long-term restricted cash included in other assets 12 12
Total cash, cash equivalents, and restricted cash 4,714 3,247
Non-cash investing and financing activities    
Purchases of property and equipment not yet settled 51 16
Stock-based compensation included in capitalized software and website development costs $ 41 $ 37
v3.25.1
Organization and Description of Business
3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Description of Business Organization and Description of Business
DoorDash, Inc. (the “Company”) is incorporated in Delaware with headquarters in San Francisco, California. The Company's mission is to grow and empower local economies. The Company aims to do this by providing services that reduce friction in local commerce and help merchants better connect with consumers in their communities.
The Company's primary offerings include the DoorDash Marketplace and the Wolt Marketplace (together, the "Marketplaces"), and its Commerce Platform. The Company's Marketplaces operate in over 30 countries across the globe and provide an integrated suite of services that help merchants establish an online presence, connect with consumers in their communities, and solve mission-critical challenges, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. The Company also offers advertising as a value-added service through its Marketplaces to help merchants and consumer packaged goods companies increase consumer engagement and drive incremental revenue.
The Company's Marketplaces compete for consumers based primarily on the selection, convenience, quality, affordability, and service provided. The Company's Marketplaces also include consumer membership programs, DashPass and Wolt+, which aim to lower transactional friction by reducing the delivery and service fees charged, while providing additional membership benefits.
In addition to its Marketplaces, the Company offers its Commerce Platform, which is a suite of services that help merchants grow, run, and operate their businesses on their own channels. DoorDash Drive On-Demand and Wolt Drive (together, "Drive") are white-label delivery fulfillment services that generate the majority of revenue within the Company's Commerce Platform. In addition to Drive, the Company also provides services that help merchants establish online ordering, build branded mobile apps, enable tableside order and pay, and improve customer support.
v3.25.1
Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries and entities consolidated under the variable interest entity model, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the requirements of the U.S. Securities and Exchange Commission (the “SEC”) for interim reporting. All intercompany balances and transactions have been eliminated in consolidation.
These unaudited condensed consolidated interim financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary to fairly present the information set forth herein. They should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Interim results are not necessarily indicative of the results for a full year.
Use of Estimates
The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. Estimates include, but are not limited to, revenue recognition, allowances for credit losses, gift card breakage, estimated useful lives of property and equipment, capitalized software and website development costs, intangible assets, valuation of stock-based compensation, valuation of investments and other financial instruments including valuation of investments without readily determinable fair values, valuation of acquired intangible assets and goodwill, the incremental borrowing rate applied in lease accounting, impairment of long-lived assets, insurance reserves, loss contingencies, and income and indirect taxes. Actual results could differ from these estimates.
Significant Accounting Policies
There have been no material changes to the Company's significant accounting policies from its Annual Report on Form 10-K for the year ended December 31, 2024.
Recent Accounting Pronouncements Not Yet Adopted
In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses" ("ASU 2024-03"), which requires disclosure, on an annual and interim basis, of specified information about certain costs and expenses in the notes to financial statements. ASU 2024-03 will be effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements and disclosures.
v3.25.1
Revenue
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregated Revenue Information
All revenue recognized during the periods presented was related to the Company's core business, which is primarily composed of the Company's Marketplaces and Commerce Platform.
Revenue by geographic area is determined based on the address of the merchant, or in the case of the Company's membership products, the address of the consumer. Revenue by geographic area was as follows (in millions):
 Three Months Ended March 31,
 20242025
United States$2,222 $2,656 
International(1)
291 376 
Total revenue$2,513 $3,032 
(1) No individual country outside the United States represented 10% or more of total consolidated revenue for the periods presented.
Contract Liabilities
The timing of revenue recognition may differ from the timing of invoicing to or collections from customers. The Company’s contract liabilities balance, which is included in accrued expenses and other current liabilities on the condensed consolidated balance sheets, is primarily composed of unredeemed gift cards, prepayments received from consumers and merchants, certain consumer credits as well as other transactions for which the revenue is recognized over time. A summary of activities related to contract liabilities for the three months ended March 31, 2025 was as follows (in millions):
 Three Months Ended March 31, 2025
Beginning balance$396 
Addition to contract liabilities811 
Reduction of contract liabilities(1)(2)
(830)
Ending balance$377 
(1) Gift cards and certain consumer credits can be redeemed through the Marketplaces. When they are redeemed, revenue is recognized on a net basis as the difference between the amounts collected from consumers less amounts remitted to merchants and Dashers for those transactions. Therefore, the amount recognized as revenue related to the reduction of gift cards and certain consumer credits is less than the amount presented in the table above. Net revenue associated with gift cards and certain consumer credits is not tracked by the Company as it is impracticable to do so.
(2) Included in the beginning balance of contract liabilities was $228 million associated with unearned prepayments received by the Company, of which $132 million was recognized as revenue during the three months ended March 31, 2025. The ending balance of unearned prepayments is expected to be recognized as revenue in 12 months or less.
Deferred Contract Costs
Deferred contract costs represent direct and incremental costs incurred to acquire or fulfill the Company’s contracts, consisting of sales commissions and costs related to merchant onboarding, which the Company expects to recover. Deferred contract costs are amortized on a straight-line basis over the expected period of benefit, which the Company determined by considering historical attrition rates and other factors. Deferred contract costs are recorded in prepaid expenses and other current assets and other assets on the condensed consolidated balance sheets. Amortization of deferred contract costs related to sales commissions is recognized in sales and marketing expense and amortization of deferred contract costs related to merchant onboarding is recognized in cost of revenue, exclusive of depreciation and amortization in the condensed consolidated statements of operations. A summary of activities related to deferred contract costs was as follows (in millions):
 Three Months Ended March 31,
 20242025
Beginning balance$137 $157 
Addition to deferred contract costs18 24 
Amortization of deferred contract costs(14)(17)
Ending balance$141 $164 
Deferred contract costs, current$54 $67 
Deferred contract costs, non-current87 97 
Total deferred contract costs$141 $164 
Allowance for Credit Losses
The allowance for credit losses related to accounts receivable and changes were as follows (in millions):
Three Months Ended March 31,
20242025
Beginning balance$17 $22 
Current-period provision for expected credit losses
Write-offs charged against the allowance(1)(1)
Ending balance$19 $26 
v3.25.1
Acquisition
3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisition Acquisition
During the quarter ended March 31, 2025, the Company acquired a company, which was accounted for under the acquisition method of accounting. The total purchase consideration was approximately $28 million, which was allocated to the tangible and intangible assets acquired and liabilities assumed. Intangible assets acquired were primarily composed of customer relationships and vendor relationships. Additionally, the Company recorded $21 million of goodwill, which represented the excess of the purchase price over the net assets acquired.
v3.25.1
Goodwill and Intangible Assets, Net
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
The changes in the carrying amount of goodwill during the three months ended March 31, 2025 were as follows (in millions):
Total
Balance as of December 31, 2024$2,315 
Acquisition21 
Effects of foreign currency translation76 
Balance as of March 31, 2025$2,412 
Intangible assets, net consisted of the following as of December 31, 2024 (in millions):
Weighted-average
Remaining Useful
Life (in years)
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Existing technology3.3$232 $(142)$90 
Merchant relationships8.3286 (82)204 
Customer relationships0.4116 (101)15 
Trade name and trademarks7.4269 (75)194 
Assembled workforce in asset acquisition2.210 (3)
Balance as of December 31, 2024$913 $(403)$510 
Intangible assets, net consisted of the following as of March 31, 2025 (in millions):
Weighted-average
Remaining Useful
Life (in years)
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Existing technology3.1$237 $(151)$86 
Merchant relationships8.1300 (91)209 
Customer relationships0.8122 (114)
Trade name and trademarks7.2279 (85)194 
Assembled workforce in asset acquisitions2.011 (4)
Balance as of March 31, 2025$949 $(445)$504 
Amortization expense associated with intangible assets was $31 million and $31 million for the three months ended March 31, 2024 and 2025, respectively.
The estimated future amortization expense of intangible assets as of March 31, 2025 is as follows (in millions):
Year Ending December 31,Amortization
Expense
Remainder of 2025$71 
202685 
202780 
202863 
202953 
Thereafter152 
Total estimated future amortization expense$504 
v3.25.1
Fair Value Measurements
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Assets Measured at Fair Value on a Recurring Basis
The following tables set forth the Company’s cash equivalents and marketable securities that were measured at fair value on a recurring basis by level within the fair value hierarchy (in millions):
 December 31, 2024
 Level 1Level 2Level 3Total
Cash equivalents
Money market funds$2,272 $— $— $2,272 
Commercial paper$— $$— $
U.S. Treasury securities— 15 — 15 
Short-term marketable securities
Certificates of deposit— 39 — 39 
Commercial paper— 76 — 76 
Corporate bonds— 509 — 509 
U.S. government agency securities— 33 — 33 
U.S. Treasury securities— 612 — 612 
Mutual funds53 — — 53 
Long-term marketable securities
Commercial paper— — 
Corporate bonds— 420 — 420 
U.S. government agency securities— 74 — 74 
U.S. Treasury securities— 339 — 339 
Total$2,325 $2,124 $— $4,449 
 March 31, 2025
 Level 1Level 2Level 3Total
Cash equivalents
Money market funds$3,256 $— $— $3,256 
Corporate bonds— — 
U.S. Treasury securities— 46 — 46 
Short-term marketable securities
Certificates of deposit— 42 — 42 
Commercial paper— 47 — 47 
Corporate bonds— 597 — 597 
U.S. government agency securities— 40 — 40 
U.S. Treasury securities— 535 — 535 
Mutual funds56 — — 56 
Long-term marketable securities
Corporate bonds— 455 — 455 
U.S. government agency securities— 86 — 86 
U.S. Treasury securities— 301 — 301 
Total$3,312 $2,153 $— $5,465 
The fair value of the Company’s Level 1 financial instruments is based on quoted market prices for identical instruments in active markets. The fair value of the Company’s Level 2 fixed income securities is obtained from independent pricing services, which may use quoted market prices for identical or comparable instruments in less active markets or model driven valuations using observable market data or inputs corroborated by observable market data.
Assets Measured at Fair Value on a Non-Recurring Basis
The Company’s non-marketable equity securities accounted for using the measurement alternative are recorded at fair value on a non-recurring basis. When indicators of impairment exist or observable price changes in a same or similar security from the same issuer occur, the respective non-marketable equity security would be classified within Level 3 of
the fair value hierarchy because the valuation methods include a combination of the observable transaction price at the transaction date and other unobservable inputs.
In the three months ended March 31, 2024 and 2025, the Company did not record any material upward or downward adjustments or impairments on its non-marketable equity securities.
Estimating the fair value of the Company’s investments in non-marketable equity securities requires the use of estimates and judgments. Changes in estimates and judgments could result in different estimates of fair value and future adjustments.
The following table summarizes the carrying value of the Company's non-marketable equity securities as of December 31, 2024 and March 31, 2025, including impairments and cumulative upward and downward adjustments made to the initial cost basis of the securities, which were recorded in other expense, net in the condensed consolidated statements of operations during the period in which they were incurred (in millions):
December 31,
2024
March 31,
2025
Initial cost basis$450 $451 
Upward adjustments11 11 
Downward adjustments (including impairment)(419)(419)
Total carrying value at the end of reporting period$42 $43 
v3.25.1
Balance Sheet Components
3 Months Ended
Mar. 31, 2025
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components Balance Sheet Components
Cash Equivalents and Marketable Securities
The following tables summarize the cost or amortized cost, gross unrealized gain, gross unrealized loss, and fair value of the Company’s cash equivalents and marketable securities (in millions):
 December 31, 2024
 Cost or
Amortized
Cost
UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$2,272 $— $— $2,272 
Commercial paper— — 
U.S. Treasury securities15 — — 15 
Short-term marketable securities
Certificates of deposit39 — — 39 
Commercial paper76 — — 76 
Corporate bonds508 — 509 
U.S. government agency securities33 — — 33 
U.S. Treasury securities611 — 612 
Mutual funds53 — — 53 
Long-term marketable securities
Commercial paper— — 
Corporate bonds420 (1)420 
U.S. government agency securities74 — — 74 
U.S. Treasury securities340 — (1)339 
Total$4,448 $$(2)$4,449 
 March 31, 2025
 Cost or
Amortized
Cost
UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$3,256 $— $— $3,256 
Corporate bonds— — 
U.S. Treasury securities46 — — 46 
Short-term marketable securities
Certificates of deposit42 — — 42 
Commercial paper47 — — 47 
Corporate bonds596 — 597 
U.S. government agency securities40 — — 40 
U.S. Treasury securities535 — — 535 
Mutual funds54 — 56 
Long-term marketable securities
Corporate bonds454 (1)455 
U.S. government agency securities86 — — 86 
U.S. Treasury securities300 — 301 
Total$5,460 $$(1)$5,465 
For marketable securities with unrealized loss positions, the Company does not intend to sell these securities and it is more likely than not that the Company will hold these securities until maturity or a recovery of the cost basis. No allowance for credit losses was recorded for these securities as of December 31, 2024, and March 31, 2025.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in millions):
December 31,
2024
March 31,
2025
Prepaid expenses$237 $224 
Deferred contract costs64 67 
Other receivable133 144 
Other current assets253 295 
Total$687 $730 
Property and Equipment, net
Property and equipment, net consisted of the following (in millions):
December 31,
2024
March 31,
2025
Equipment for merchants$190 $206 
Computer equipment and software96 105 
Capitalized software and website development costs1,339 1,453 
Leasehold improvements211 224 
Office equipment77 90 
Construction in progress61 73 
Total1,974 2,151 
Less: Accumulated depreciation and amortization(1,196)(1,305)
Property and equipment, net$778 $846 
Depreciation expenses were $32 million and $34 million for the three months ended March 31, 2024 and 2025, respectively.
The Company capitalized $88 million and $114 million in capitalized software and website development costs during the three months ended March 31, 2024 and 2025, respectively. Capitalized software and website development costs are included in property and equipment, net on the condensed consolidated balance sheets. Amortization of capitalized software and website development costs was $79 million and $87 million for the three months ended March 31, 2024 and 2025, respectively. Construction in progress primarily included leasehold improvements on premises that are not ready for use and equipment for merchants that are not placed in service.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
December 31,
2024
March 31,
2025
Litigation reserves$160 $165 
Sales tax payable and accrued sales and indirect taxes337 353 
Accrued operations related expenses446 560 
Accrued advertising142 156 
Dasher and merchant payable1,136 1,119 
Insurance reserves1,049 1,057 
Contract liabilities396 377 
Other383 391 
Total$4,049 $4,178 
v3.25.1
Commitments and Contingencies
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Legal Proceedings
From time to time, the Company may be a party to litigation and subject to claims incidental to its business. Although the results of litigation and claims cannot be predicted with certainty, the Company currently believes that the final outcome of these matters will not have a material adverse effect on its business. Regardless of the outcome, litigation can have an adverse impact on the Company because of judgment, defense and settlement costs, diversion of management resources, and other factors. At each reporting period, the Company evaluates whether or not a potential loss amount or a potential range of loss is probable and reasonably estimable, requiring recognition of a loss accrual, or whether the potential loss is reasonably possible, requiring potential disclosure. Legal fees are expensed as incurred.
The Company is currently the subject of regulatory and administrative investigations, audits, demands, and inquiries conducted by federal, state, or local governmental agencies concerning the Company’s business practices, the classification and compensation of Dashers, the DoorDash Dasher pay models, compliance with consumer protection laws, privacy, cybersecurity, tax issues, unemployment insurance, workers' compensation insurance, and other matters. For example, the Company is currently under audit by the Employment Development Department, State of California (the “CA EDD”) for payroll tax liabilities. In January 2023, the CA EDD issued an assessment for certain amounts that it found to be owed by the Company on behalf of Dashers due to their being classified as independent contractors. The Company believes that Dashers are, and have been, properly classified as independent contractors. Accordingly, the Company believes that it has meritorious defenses and intends to vigorously appeal such adverse assessment. However, the ultimate resolution of the audit is uncertain and, accordingly, the Company has recorded an accrual for this matter within accrued expenses and other current liabilities on the condensed consolidated balance sheets as of March 31, 2025. The results of investigations, audits, demands, and inquiries and related governmental action are inherently unpredictable and, as such, there is always the risk of an investigation, audit, demand, or inquiry having a material impact on the Company's business, financial condition, and results of operations.
In June 2020, the San Francisco District Attorney filed an action in the Superior Court of California, County of San Francisco, alleging that the Company misclassified California Dashers as independent contractors as opposed to employees in violation of the California Labor Code and the California Unfair Competition Law, among other allegations. This action is seeking both restitutionary damages and a permanent injunction that would bar the Company from continuing to classify California Dashers as independent contractors. It is a reasonable possibility that a loss may be incurred; however, the possible range of losses is not estimable given the status of the case.
Indemnification
The Company enters into standard indemnification arrangements in the ordinary course of business. Pursuant to these arrangements, the Company agrees to indemnify, hold harmless, and reimburse the indemnified parties for losses suffered or incurred by the indemnified party, in connection with any trade secret, copyright, patent, or other intellectual property infringement claim by any third party with respect to the Company's technology. The terms of these indemnification agreements are generally perpetual any time after the execution of the agreement.
In addition, the Company has entered into indemnification agreements with its directors and officers that may require the Company to indemnify its directors and officers against liabilities that may arise by reason of their status or service as directors or officers of the Company, other than liabilities arising from willful misconduct of the individual.
The maximum potential amount of future payments the Company could be required to make under these agreements is not determinable because it involves claims that may be made against the Company in the future, but have not yet been made. The Company has not incurred costs to defend lawsuits or settle claims related to these indemnification agreements. No liability associated with such indemnifications was recorded as of December 31, 2024 and March 31, 2025.
Insurance Collateral
The Company is required to maintain $692 million in collateral in connection with certain insurance policies, which can be held in a combination of cash, surety bonds, and letters of credit. As of March 31, 2025, the Company had $692 million of collateral outstanding in the form of surety bonds and letters of credit in connection with the insurance collateral requirement.
Revolving Credit Facility and Letters of Credit
In November 2019, the Company entered into a revolving credit and guaranty agreement, which, as most recently amended and restated on April 26, 2024, provides for an unsecured revolving credit facility of up to $800 million, with a letter of credit sublimit of $600 million, maturing on April 26, 2029. Loans under the revolving credit facility bear interest at the Company’s option, at (i) a base rate equal to the highest of (A) the prime rate, (B) the higher of the federal funds rate or a composite overnight bank borrowing rate plus 0.50%, or (C) an adjusted SOFR rate for a one-month interest period plus 1.00%, or (ii) an adjusted SOFR rate (based on an interest period of one, three, or six months) plus a margin equal to 1.00%. The Company is also obligated to pay other customary fees for a credit facility of this size and type, including letter of credit fees, an upfront fee, and an unused commitment fee of 0.10%. The Company's obligations under the revolving credit facility are guaranteed by certain of its domestic subsidiaries meeting materiality thresholds set forth in the credit agreement. The credit agreement contains customary affirmative covenants and customary negative covenants that restrict the Company's ability and its subsidiaries’ ability to, among other things, incur subsidiary indebtedness, grant liens, declare cash dividends or make certain other distributions, repurchase stock, merge or consolidate with other companies or sell substantially all of the assets of the Company and its subsidiaries, taken as a whole, make investments and loans, and engage in certain transactions with affiliates. The Company must also maintain compliance with a maximum senior net leverage ratio, measured quarterly, determined in accordance with the terms of the credit agreement.
As of December 31, 2024 and March 31, 2025, the Company was in compliance with the covenants under the credit agreement. As of December 31, 2024 and March 31, 2025, no revolving loans were outstanding under the credit facility.
In addition to the letters of credit maintained in connection with the insurance collateral requirement, the Company also maintains letters of credit established primarily for real estate leases and insurance policies. As of December 31, 2024 and March 31, 2025, the Company had $141 million and $143 million of issued letters of credit outstanding, respectively, of which $112 million and $106 million, respectively, were issued from the revolving credit and guaranty agreement.
Sales and Indirect Tax Matters
The Company records sales and indirect tax liabilities as they become probable and the amount can be reasonably estimated. These reserves are included in accrued expenses and other current liabilities on the condensed consolidated balance sheets. The Company is under audit by various state, local, and foreign tax authorities with regard to sales and indirect tax matters. The timing of the resolution of indirect tax examinations is highly uncertain, and the amounts ultimately paid, if any, upon resolution of the issues raised by the tax authorities may differ from the amounts accrued.
v3.25.1
Common Stock
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Common Stock Common Stock
Share Repurchase Program
In February 2025, the Company announced the authorization of a share repurchase program for the repurchase of shares of its Class A common stock in an aggregate amount of up to $5.0 billion, which is inclusive of the remaining share repurchase authority of $876 million under the share repurchase program that was previously announced by the Company in February 2024. During the three months ended March 31, 2025, the Company did not repurchase any shares of its Class A common stock under the share repurchase program.
Restricted Stock
The Company granted restricted stock to certain continuing employees in connection with the acquisition of Wolt Enterprises Oy ("Wolt") on May 31, 2022. Vesting of this stock is dependent on the respective employee’s continued employment at the Company during the requisite service period, which is generally up to four years from the issuance date. The fair value of the restricted stock issued to employees that is subject to post-acquisition employment is recorded as compensation expense on a straight-line basis over the requisite service period.
The activities for the restricted stock issued to employees was as follows (in thousands, except per share data):
Number of
Shares
Weighted-
Average
Grant Date
Fair Value Per Share
Unvested restricted stock as of December 31, 202492 
Granted— $— 
Vested— $— 
Forfeited— $— 
Unvested restricted stock as of March 31, 202592 
Stock Award Activities
A summary of stock option activity under the 2014 Equity Incentive Plan, 2020 Equity Incentive Plan, and 2022 Inducement Equity Incentive Plan was as follows (in millions, except share amounts which are reflected in thousands, and per share data):
Options Outstanding
Shares
subject to
Options
Outstanding
Weighted-
Average
Exercise
Price Per Share
Weighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value
Balance as of December 31, 20244,516 $5.72 3.18$732 
Granted— $— 
Exercised(751)$4.08 $134 
Cancelled and forfeited— $— 
Balance as of March 31, 20253,765 $6.04 2.99$665 
Exercisable as of March 31, 20253,597 $6.13 3.04$635 
Vested and expected to vest as of March 31, 20253,765 $6.04 2.99$665 
The aggregate intrinsic value disclosed in the above table is based on the difference between the exercise price of the stock option and the closing stock price of the Company's Class A common stock on the Nasdaq Stock Market as of the respective period-end dates. The aggregate intrinsic value of stock options exercised during the three months ended March 31, 2024 and 2025 was $180 million and $134 million, respectively. There were no stock options granted during the three months ended March 31, 2024 and 2025.
A summary of RSU activity was as follows (in millions, except share amounts which are reflected in thousands, and per share data):
Number of
Shares
Weighted-
Average
Grant Date
Fair Value Per Share
Aggregate
Intrinsic
Value
Unvested RSUs as of December 31, 202429,535 $4,955 
Granted766 $194.57 
Vested(6)$106.41 
Vested and settled(3,198)$90.88 
Forfeited(657)$92.22 
Unvested RSUs as of March 31, 202526,440 $4,832 
The aggregate intrinsic value disclosed in the above table is based on the closing stock price of the Company's Class A common stock on the Nasdaq Stock Market as of the respective period-end dates. The weighted-average fair value per share of RSUs granted during the three months ended March 31, 2024 and 2025 was $119.95 and $194.57, respectively.
Stock-Based Compensation Expense
The Company recorded stock-based compensation expense in the condensed consolidated statements of operations as follows (in millions):
Three Months Ended March 31,
20242025
Cost of revenue, exclusive of depreciation and amortization$32 $33 
Sales and marketing25 26 
Research and development113 116 
General and administrative82 60 
Total stock-based compensation expense$252 $235 
As of March 31, 2025, there was $2 million of unrecognized stock-based compensation expense related to unvested stock options, which is expected to be recognized over a weighted-average period of 0.74 years.
In November 2020, the Company’s board of directors approved the grant of 10,379,000 RSUs to the Company's Chief Executive Officer (the “CEO Performance Award”). The CEO Performance Award vests upon the satisfaction of a service condition and achievement of certain stock price goals. As of March 31, 2025, unrecognized stock-based compensation expense related to the CEO Performance Award was $1 million, which is expected to be recognized over a period of 0.07 years.
As of March 31, 2025, there was $1.4 billion of unrecognized stock-based compensation expense related to unvested restricted stock and RSUs, excluding the unrecognized stock-based compensation expense associated with the CEO Performance Award. The Company expects to recognize this expense over the remaining weighted-average period of 2.01 years.
v3.25.1
Income Taxes
3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any, that arise during the period. Each quarter, the Company updates its estimate of the annual effective tax rate and, if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment to tax expense or benefit in the period. The primary difference between the effective tax rate and the federal statutory tax rate is due to the valuation allowance on the Company’s deferred tax assets in certain jurisdictions.
The Company recorded $7 million and $6 million of provision for income taxes for the three months ended March 31, 2024 and 2025, respectively. The provision for income taxes for the three months ended March 31, 2024 was primarily attributable to pre-tax book income in the U.S. resulting in federal and state income taxes. The provision for income taxes
for the three months ended March 31, 2025 was primarily attributable to pre-tax book income in the U.S. resulting in federal and state income taxes, offset by losses generated in non-U.S. jurisdictions for which a tax benefit can be realized.
The Company regularly assesses the realizability of its deferred tax assets and establishes a valuation allowance if it is more-likely-than-not that some, or all, of its deferred tax assets will not be realized in the future. The Company evaluates and weighs all available evidence, both positive and negative, including its historic operating results, future reversals of existing deferred tax liabilities, as well as projected future taxable income. Changes in earnings performance and future earnings projections, among other factors, may cause the Company to adjust the valuation allowance on deferred tax assets, which could materially impact the income tax expense in the period the Company determines that these factors have changed. As of March 31, 2025, the Company maintains a full valuation allowance on its deferred tax assets except for certain foreign jurisdictions.
The Company is subject to income tax audits in the U.S. and foreign jurisdictions. The Company recorded liabilities related to uncertain tax positions and believes that the Company has provided adequate reserves for income tax uncertainties in all open tax years. To the extent the Company has tax attribute carryforwards, the tax years in which the attribute was generated may still be adjusted upon examination by the federal, state, or foreign tax authorities to the extent utilized in a future period.
v3.25.1
Net Income (Loss) per Share Attributable to DoorDash, Inc. Common Stockholders
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) per Share Attributable to DoorDash, Inc. Common Stockholders Net Income (Loss) per Share Attributable to DoorDash, Inc. Common Stockholders
The Company computes net income (loss) per share attributable to DoorDash, Inc. common stockholders using the two-class method required for multiple classes of common stock and participating securities. The rights, including the liquidation and dividend rights, of the Class A common stock and Class B common stock are identical, other than voting rights. Accordingly, the Class A common stock and Class B common stock share equally in the Company’s net income and losses. The computation of diluted net income per share of Class A common stock for the three months ended March 31, 2025 does not assume the conversion of Class B common stock to Class A common stock because including such shares would have an anti-dilutive effect.
The following table sets forth the calculation of basic and diluted net income (loss) per share attributable to DoorDash, Inc. common stockholders during the periods presented (in millions, except share amounts which are reflected in thousands, and per share data):
Three Months Ended March 31,
20242025
Class AClass BClass AClass B
Basic net income (loss) per share
Numerator
Net income (loss) including redeemable non-controlling interests(23)(2)180 12 
Less: Net loss attributable to redeemable non-controlling interests(2)— (1)— 
Net income (loss) attributable to DoorDash, Inc. common stockholders(21)(2)181 12 
Denominator
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders378,240 27,242 395,951 25,471 
Basic net income (loss) per share attributable to DoorDash, Inc. common stockholders$(0.06)$(0.06)$0.46 $0.46 
Three Months Ended March 31,
20242025
Class AClass BClass AClass B
Diluted net income (loss) per share
Numerator
Net income (loss) attributable to DoorDash, Inc. common stockholders(21)(2)181 12 
Denominator
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders378,240 27,242 395,951 25,471 
Weighted-average effect of potentially dilutive securities— — 14,141 — 
Weighted-average number of shares outstanding used to compute diluted net income (loss) per share attributable to DoorDash, Inc. common stockholders378,240 27,242 410,092 25,471 
Diluted net income (loss) per share attributable to DoorDash, Inc. common stockholders$(0.06)$(0.06)$0.44 $0.44 
The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income (loss) per share because including such shares would have an anti-dilutive effect, or the issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied at the end of the respective periods (in thousands):
Three Months Ended March 31,
20242025
Stock options to purchase common stock7,448 — 
Unvested restricted stock and restricted stock units34,641 10,588 
Escrow shares72 72 
Total42,161 10,660 
v3.25.1
Segment Reporting
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s Chief Executive Officer is the Company’s Chief Operating Decision Maker ("CODM"). The CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. As such, the Company has determined that it operates in one reportable segment. The significant segment expenses regularly provided to the CODM was as follows (in millions):
Three Months Ended March 31,
20242025
Revenue$2,513 $3,032 
Less:
Depreciation and amortization142 152 
Stock-based compensation252 235 
Cost of revenue*1,298 1,467 
Sales and marketing*479 560 
Research and development*166 190 
General and administrative*237 272 
Restructuring charges*— 
Total costs and expenses2,574 2,877 
Income (loss) from operations(61)155 
Interest income, net45 49 
Other expense, net(2)(6)
Income (loss) before income taxes(18)198 
Provision for income taxes
Net income (loss) including redeemable non-controlling interests(25)192 
Net loss attributable to redeemable non-controlling interests
(2)(1)
Net income (loss) attributable to DoorDash, Inc. common stockholders$(23)$193 
*Exclusive of stock-based compensation and depreciation and amortization shown separately.
v3.25.1
Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On May 3, 2025, the Company entered into a definitive agreement to acquire SevenRooms Inc., a New York City-based software company and a global leader in hospitality technology, for approximately $1.2 billion in an all-cash transaction, subject to customary post-closing adjustments. The acquisition will equip merchants with new tools to grow in-store sales, build stronger customer relationships, and increase profitability. The transaction is expected to close during the second half of 2025, subject to customary closing conditions and regulatory approvals.
On May 6, 2025, the Company issued an announcement pursuant to Rule 2.7 of the UK City Code on Takeovers and Mergers, disclosing that the board of directors of the Company and the board of directors of Deliveroo plc (“Deliveroo”) had reached agreement on the terms of a recommended final cash offer by the Company for the entire issued and to be issued share capital of Deliveroo. Deliveroo has built one of the leading local commerce platforms across its key geographies, primarily in Europe and the Middle East, all complementary to the Company’s current footprint. The purchase price is 180 pence per share in cash, which equates to an equity value of approximately £2.9 billion. The Company deposited an amount in escrow to partially fund the cash consideration payable in connection with the transaction. The transaction is expected to close during the fourth quarter of 2025, subject to certain regulatory approvals, Deliveroo shareholder approval and other customary closing conditions.
In connection with the Company’s acquisition of Deliveroo, the Company entered into a Bridge Term Loan Credit and Guaranty Agreement (the “Bridge Credit Agreement”) with J.P. Morgan Chase Bank, N.A. on May 6, 2025 to provide the Company certain borrowings in an aggregate amount of up to $2.85 billion. To the extent any borrowings are made under the Bridge Credit Agreement, such loans will mature 364 days after the closing date of the Deliveroo acquisition and will bear interest, at the Company’s option, at a per annum rate equal to (i) the base rate plus a spread of either 0.625% or 0.750% or (ii) an adjusted term Secured Overnight Financing Rate (“SOFR”) plus a spread of either 1.625% or 1.750%, in each case, with the spread determined based on the Company’s senior, unsecured debt ratings. The Bridge Credit Agreement contains customary representations and warranties, events of default, and affirmative and negative covenants. The Company must maintain compliance with a maximum senior net leverage ratio.
On May 6, 2025, the Company entered into a deal-contingent foreign exchange forward transaction with Bank of America, N.A. to hedge the impact of variability in exchange rates on the Deliveroo acquisition’s Pounds Sterling-based purchase price.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
Net income (loss) $ 193 $ (23)
v3.25.1
Insider Trading Arrangements
3 Months Ended
Mar. 31, 2025
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Andy Fang [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On March 6, 2025, Andy Fang, our co-founder and Head of LaunchPad, through The AF Living Trust, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 300,000 shares of our Class A common stock held by The AF Living Trust. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until June 5, 2026, or earlier if all transactions under the trading arrangement are completed
Name Andy Fang
Title co-founder and Head of LaunchPad
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 6, 2025
Expiration Date June 5, 2026
Arrangement Duration 456 days
Aggregate Available 300,000
Tia Sherringham [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On March 7, 2025, Tia Sherringham, our General Counsel and Secretary, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 56,056 shares of our Class A common stock. The actual number of shares sold under the trading arrangement will be net of shares withheld for taxes upon vesting and settlement of the RSUs subject to the trading arrangement. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until May 31, 2026, or earlier if all transactions under the trading arrangement are completed.
Name Tia Sherringham
Title General Counsel and Secretary
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 7, 2025
Expiration Date May 31, 2026
Arrangement Duration 450 days
Aggregate Available 56,056
Shona Brown [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On March 7, 2025, Shona Brown, a member of our board of directors and our lead independent director, through the Shona L. Brown Living Trust, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 25,323 shares of our Class A common stock. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until June 8, 2026, or earlier if all transactions under the trading arrangement are completed.
Name Shona Brown
Title lead independent director
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 7, 2025
Expiration Date June 8, 2026
Arrangement Duration 458 days
Aggregate Available 25,323
Tony Xu [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On March 8, 2025, Tony Xu, our co-founder and Chief Executive Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 410,000 shares of our Class A common stock. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until May 29, 2026, or earlier if all transactions under the trading arrangement are completed.
Name Tony Xu
Title co-founder and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 8, 2025
Expiration Date May 29, 2026
Arrangement Duration 447 days
Aggregate Available 410,000
v3.25.1
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries and entities consolidated under the variable interest entity model, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the requirements of the U.S. Securities and Exchange Commission (the “SEC”) for interim reporting. All intercompany balances and transactions have been eliminated in consolidation.
These unaudited condensed consolidated interim financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary to fairly present the information set forth herein. They should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Interim results are not necessarily indicative of the results for a full year.
Use of Estimates
Use of Estimates
The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. Estimates include, but are not limited to, revenue recognition, allowances for credit losses, gift card breakage, estimated useful lives of property and equipment, capitalized software and website development costs, intangible assets, valuation of stock-based compensation, valuation of investments and other financial instruments including valuation of investments without readily determinable fair values, valuation of acquired intangible assets and goodwill, the incremental borrowing rate applied in lease accounting, impairment of long-lived assets, insurance reserves, loss contingencies, and income and indirect taxes. Actual results could differ from these estimates.
Recent Accounting Pronouncements Not Yet Adopted
Recent Accounting Pronouncements Not Yet Adopted
In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses" ("ASU 2024-03"), which requires disclosure, on an annual and interim basis, of specified information about certain costs and expenses in the notes to financial statements. ASU 2024-03 will be effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements and disclosures.
Contract Liabilities
Contract Liabilities
The timing of revenue recognition may differ from the timing of invoicing to or collections from customers. The Company’s contract liabilities balance, which is included in accrued expenses and other current liabilities on the condensed consolidated balance sheets, is primarily composed of unredeemed gift cards, prepayments received from consumers and merchants, certain consumer credits as well as other transactions for which the revenue is recognized over time.
Deferred Contract Costs
Deferred contract costs represent direct and incremental costs incurred to acquire or fulfill the Company’s contracts, consisting of sales commissions and costs related to merchant onboarding, which the Company expects to recover. Deferred contract costs are amortized on a straight-line basis over the expected period of benefit, which the Company determined by considering historical attrition rates and other factors. Deferred contract costs are recorded in prepaid expenses and other current assets and other assets on the condensed consolidated balance sheets. Amortization of deferred contract costs related to sales commissions is recognized in sales and marketing expense and amortization of deferred contract costs related to merchant onboarding is recognized in cost of revenue, exclusive of depreciation and amortization in the condensed consolidated statements of operations.
Fair Value The fair value of the Company’s Level 1 financial instruments is based on quoted market prices for identical instruments in active markets. The fair value of the Company’s Level 2 fixed income securities is obtained from independent pricing services, which may use quoted market prices for identical or comparable instruments in less active markets or model driven valuations using observable market data or inputs corroborated by observable market data.
v3.25.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Revenue by geographic area is determined based on the address of the merchant, or in the case of the Company's membership products, the address of the consumer. Revenue by geographic area was as follows (in millions):
 Three Months Ended March 31,
 20242025
United States$2,222 $2,656 
International(1)
291 376 
Total revenue$2,513 $3,032 
(1) No individual country outside the United States represented 10% or more of total consolidated revenue for the periods presented.
Contract Liabilities A summary of activities related to contract liabilities for the three months ended March 31, 2025 was as follows (in millions):
 Three Months Ended March 31, 2025
Beginning balance$396 
Addition to contract liabilities811 
Reduction of contract liabilities(1)(2)
(830)
Ending balance$377 
(1) Gift cards and certain consumer credits can be redeemed through the Marketplaces. When they are redeemed, revenue is recognized on a net basis as the difference between the amounts collected from consumers less amounts remitted to merchants and Dashers for those transactions. Therefore, the amount recognized as revenue related to the reduction of gift cards and certain consumer credits is less than the amount presented in the table above. Net revenue associated with gift cards and certain consumer credits is not tracked by the Company as it is impracticable to do so.
(2) Included in the beginning balance of contract liabilities was $228 million associated with unearned prepayments received by the Company, of which $132 million was recognized as revenue during the three months ended March 31, 2025. The ending balance of unearned prepayments is expected to be recognized as revenue in 12 months or less.
Deferred Contract Costs A summary of activities related to deferred contract costs was as follows (in millions):
 Three Months Ended March 31,
 20242025
Beginning balance$137 $157 
Addition to deferred contract costs18 24 
Amortization of deferred contract costs(14)(17)
Ending balance$141 $164 
Deferred contract costs, current$54 $67 
Deferred contract costs, non-current87 97 
Total deferred contract costs$141 $164 
Allowance for Credit Losses
The allowance for credit losses related to accounts receivable and changes were as follows (in millions):
Three Months Ended March 31,
20242025
Beginning balance$17 $22 
Current-period provision for expected credit losses
Write-offs charged against the allowance(1)(1)
Ending balance$19 $26 
v3.25.1
Goodwill and Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill during the three months ended March 31, 2025 were as follows (in millions):
Total
Balance as of December 31, 2024$2,315 
Acquisition21 
Effects of foreign currency translation76 
Balance as of March 31, 2025$2,412 
Schedule of Intangible Assets
Intangible assets, net consisted of the following as of December 31, 2024 (in millions):
Weighted-average
Remaining Useful
Life (in years)
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Existing technology3.3$232 $(142)$90 
Merchant relationships8.3286 (82)204 
Customer relationships0.4116 (101)15 
Trade name and trademarks7.4269 (75)194 
Assembled workforce in asset acquisition2.210 (3)
Balance as of December 31, 2024$913 $(403)$510 
Intangible assets, net consisted of the following as of March 31, 2025 (in millions):
Weighted-average
Remaining Useful
Life (in years)
Gross Carrying
Value
Accumulated
Amortization
Net Carrying
Value
Existing technology3.1$237 $(151)$86 
Merchant relationships8.1300 (91)209 
Customer relationships0.8122 (114)
Trade name and trademarks7.2279 (85)194 
Assembled workforce in asset acquisitions2.011 (4)
Balance as of March 31, 2025$949 $(445)$504 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The estimated future amortization expense of intangible assets as of March 31, 2025 is as follows (in millions):
Year Ending December 31,Amortization
Expense
Remainder of 2025$71 
202685 
202780 
202863 
202953 
Thereafter152 
Total estimated future amortization expense$504 
v3.25.1
Fair Value Measures and Disclosures (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis
The following tables set forth the Company’s cash equivalents and marketable securities that were measured at fair value on a recurring basis by level within the fair value hierarchy (in millions):
 December 31, 2024
 Level 1Level 2Level 3Total
Cash equivalents
Money market funds$2,272 $— $— $2,272 
Commercial paper$— $$— $
U.S. Treasury securities— 15 — 15 
Short-term marketable securities
Certificates of deposit— 39 — 39 
Commercial paper— 76 — 76 
Corporate bonds— 509 — 509 
U.S. government agency securities— 33 — 33 
U.S. Treasury securities— 612 — 612 
Mutual funds53 — — 53 
Long-term marketable securities
Commercial paper— — 
Corporate bonds— 420 — 420 
U.S. government agency securities— 74 — 74 
U.S. Treasury securities— 339 — 339 
Total$2,325 $2,124 $— $4,449 
 March 31, 2025
 Level 1Level 2Level 3Total
Cash equivalents
Money market funds$3,256 $— $— $3,256 
Corporate bonds— — 
U.S. Treasury securities— 46 — 46 
Short-term marketable securities
Certificates of deposit— 42 — 42 
Commercial paper— 47 — 47 
Corporate bonds— 597 — 597 
U.S. government agency securities— 40 — 40 
U.S. Treasury securities— 535 — 535 
Mutual funds56 — — 56 
Long-term marketable securities
Corporate bonds— 455 — 455 
U.S. government agency securities— 86 — 86 
U.S. Treasury securities— 301 — 301 
Total$3,312 $2,153 $— $5,465 
Summary of Carrying Value of the Company's Non-Marketable Equity Securities and Unrealized Losses
The following table summarizes the carrying value of the Company's non-marketable equity securities as of December 31, 2024 and March 31, 2025, including impairments and cumulative upward and downward adjustments made to the initial cost basis of the securities, which were recorded in other expense, net in the condensed consolidated statements of operations during the period in which they were incurred (in millions):
December 31,
2024
March 31,
2025
Initial cost basis$450 $451 
Upward adjustments11 11 
Downward adjustments (including impairment)(419)(419)
Total carrying value at the end of reporting period$42 $43 
v3.25.1
Balance Sheet Components (Tables)
3 Months Ended
Mar. 31, 2025
Balance Sheet Related Disclosures [Abstract]  
Cash Equivalents and Marketable Securities
The following tables summarize the cost or amortized cost, gross unrealized gain, gross unrealized loss, and fair value of the Company’s cash equivalents and marketable securities (in millions):
 December 31, 2024
 Cost or
Amortized
Cost
UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$2,272 $— $— $2,272 
Commercial paper— — 
U.S. Treasury securities15 — — 15 
Short-term marketable securities
Certificates of deposit39 — — 39 
Commercial paper76 — — 76 
Corporate bonds508 — 509 
U.S. government agency securities33 — — 33 
U.S. Treasury securities611 — 612 
Mutual funds53 — — 53 
Long-term marketable securities
Commercial paper— — 
Corporate bonds420 (1)420 
U.S. government agency securities74 — — 74 
U.S. Treasury securities340 — (1)339 
Total$4,448 $$(2)$4,449 
 March 31, 2025
 Cost or
Amortized
Cost
UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$3,256 $— $— $3,256 
Corporate bonds— — 
U.S. Treasury securities46 — — 46 
Short-term marketable securities
Certificates of deposit42 — — 42 
Commercial paper47 — — 47 
Corporate bonds596 — 597 
U.S. government agency securities40 — — 40 
U.S. Treasury securities535 — — 535 
Mutual funds54 — 56 
Long-term marketable securities
Corporate bonds454 (1)455 
U.S. government agency securities86 — — 86 
U.S. Treasury securities300 — 301 
Total$5,460 $$(1)$5,465 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in millions):
December 31,
2024
March 31,
2025
Prepaid expenses$237 $224 
Deferred contract costs64 67 
Other receivable133 144 
Other current assets253 295 
Total$687 $730 
Schedule of Property and Equipment, net
Property and equipment, net consisted of the following (in millions):
December 31,
2024
March 31,
2025
Equipment for merchants$190 $206 
Computer equipment and software96 105 
Capitalized software and website development costs1,339 1,453 
Leasehold improvements211 224 
Office equipment77 90 
Construction in progress61 73 
Total1,974 2,151 
Less: Accumulated depreciation and amortization(1,196)(1,305)
Property and equipment, net$778 $846 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
December 31,
2024
March 31,
2025
Litigation reserves$160 $165 
Sales tax payable and accrued sales and indirect taxes337 353 
Accrued operations related expenses446 560 
Accrued advertising142 156 
Dasher and merchant payable1,136 1,119 
Insurance reserves1,049 1,057 
Contract liabilities396 377 
Other383 391 
Total$4,049 $4,178 
v3.25.1
Common Stock (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Activities for the Restricted Stock Issued to Employees
The activities for the restricted stock issued to employees was as follows (in thousands, except per share data):
Number of
Shares
Weighted-
Average
Grant Date
Fair Value Per Share
Unvested restricted stock as of December 31, 202492 
Granted— $— 
Vested— $— 
Forfeited— $— 
Unvested restricted stock as of March 31, 202592 
Schedule of Activity under the 2014 and 2020 Plans
A summary of stock option activity under the 2014 Equity Incentive Plan, 2020 Equity Incentive Plan, and 2022 Inducement Equity Incentive Plan was as follows (in millions, except share amounts which are reflected in thousands, and per share data):
Options Outstanding
Shares
subject to
Options
Outstanding
Weighted-
Average
Exercise
Price Per Share
Weighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value
Balance as of December 31, 20244,516 $5.72 3.18$732 
Granted— $— 
Exercised(751)$4.08 $134 
Cancelled and forfeited— $— 
Balance as of March 31, 20253,765 $6.04 2.99$665 
Exercisable as of March 31, 20253,597 $6.13 3.04$635 
Vested and expected to vest as of March 31, 20253,765 $6.04 2.99$665 
Summary of RSU Activity
A summary of RSU activity was as follows (in millions, except share amounts which are reflected in thousands, and per share data):
Number of
Shares
Weighted-
Average
Grant Date
Fair Value Per Share
Aggregate
Intrinsic
Value
Unvested RSUs as of December 31, 202429,535 $4,955 
Granted766 $194.57 
Vested(6)$106.41 
Vested and settled(3,198)$90.88 
Forfeited(657)$92.22 
Unvested RSUs as of March 31, 202526,440 $4,832 
Schedule of Stock-based compensation Expense
The Company recorded stock-based compensation expense in the condensed consolidated statements of operations as follows (in millions):
Three Months Ended March 31,
20242025
Cost of revenue, exclusive of depreciation and amortization$32 $33 
Sales and marketing25 26 
Research and development113 116 
General and administrative82 60 
Total stock-based compensation expense$252 $235 
v3.25.1
Net Income (Loss) per Share Attributable to DoorDash, Inc. Common Stockholders (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the calculation of basic and diluted net income (loss) per share attributable to DoorDash, Inc. common stockholders during the periods presented (in millions, except share amounts which are reflected in thousands, and per share data):
Three Months Ended March 31,
20242025
Class AClass BClass AClass B
Basic net income (loss) per share
Numerator
Net income (loss) including redeemable non-controlling interests(23)(2)180 12 
Less: Net loss attributable to redeemable non-controlling interests(2)— (1)— 
Net income (loss) attributable to DoorDash, Inc. common stockholders(21)(2)181 12 
Denominator
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders378,240 27,242 395,951 25,471 
Basic net income (loss) per share attributable to DoorDash, Inc. common stockholders$(0.06)$(0.06)$0.46 $0.46 
Three Months Ended March 31,
20242025
Class AClass BClass AClass B
Diluted net income (loss) per share
Numerator
Net income (loss) attributable to DoorDash, Inc. common stockholders(21)(2)181 12 
Denominator
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders378,240 27,242 395,951 25,471 
Weighted-average effect of potentially dilutive securities— — 14,141 — 
Weighted-average number of shares outstanding used to compute diluted net income (loss) per share attributable to DoorDash, Inc. common stockholders378,240 27,242 410,092 25,471 
Diluted net income (loss) per share attributable to DoorDash, Inc. common stockholders$(0.06)$(0.06)$0.44 $0.44 
Schedule of Antidilutive Securities
The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income (loss) per share because including such shares would have an anti-dilutive effect, or the issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied at the end of the respective periods (in thousands):
Three Months Ended March 31,
20242025
Stock options to purchase common stock7,448 — 
Unvested restricted stock and restricted stock units34,641 10,588 
Escrow shares72 72 
Total42,161 10,660 
v3.25.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The significant segment expenses regularly provided to the CODM was as follows (in millions):
Three Months Ended March 31,
20242025
Revenue$2,513 $3,032 
Less:
Depreciation and amortization142 152 
Stock-based compensation252 235 
Cost of revenue*1,298 1,467 
Sales and marketing*479 560 
Research and development*166 190 
General and administrative*237 272 
Restructuring charges*— 
Total costs and expenses2,574 2,877 
Income (loss) from operations(61)155 
Interest income, net45 49 
Other expense, net(2)(6)
Income (loss) before income taxes(18)198 
Provision for income taxes
Net income (loss) including redeemable non-controlling interests(25)192 
Net loss attributable to redeemable non-controlling interests
(2)(1)
Net income (loss) attributable to DoorDash, Inc. common stockholders$(23)$193 
*Exclusive of stock-based compensation and depreciation and amortization shown separately.
v3.25.1
Organization and Description of Business (Details)
3 Months Ended
Mar. 31, 2025
country
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Number of operating countries 30
v3.25.1
Revenue - Disaggregated Revenue (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Disaggregation of Revenue [Line Items]    
Total revenue $ 3,032 $ 2,513
United States    
Disaggregation of Revenue [Line Items]    
Total revenue 2,656 2,222
International    
Disaggregation of Revenue [Line Items]    
Total revenue $ 376 $ 291
v3.25.1
Revenue - Contract Liabilities (Details)
$ in Millions
3 Months Ended
Mar. 31, 2025
USD ($)
Contract Liabilities [Roll Forward]  
Beginning balance $ 396
Addition to contract liabilities 811
Reduction of contract liabilities (830)
Ending balance 377
Unearned prepayments received 228
Revenue recognized $ 132
v3.25.1
Revenue - Rollforward of Deferred Contract Costs (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Capitalized Contract Cost [Roll Forward]    
Beginning balance $ 157 $ 137
Addition to deferred contract costs 24 18
Amortization of deferred contract costs (17) (14)
Ending balance $ 164 $ 141
v3.25.1
Revenue - Deferred Contract Costs (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]        
Deferred contract costs, current $ 67   $ 54  
Deferred contract costs, non-current 97   87  
Total deferred contract costs $ 164 $ 157 $ 141 $ 137
v3.25.1
Revenue - Allowance for Credit Losses (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Accounts Receivable, Allowance for Credit Loss [Roll Forward]    
Beginning balance $ 22 $ 17
Current-period provision for expected credit losses 5 3
Write-offs charged against the allowance (1) (1)
Ending balance $ 26 $ 19
v3.25.1
Acquisition (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Business Acquisition [Line Items]    
Goodwill $ 2,412 $ 2,315
2025 Acquisition    
Business Acquisition [Line Items]    
Business combination, consideration transferred 28  
Goodwill $ 21  
v3.25.1
Goodwill and Intangible Assets, Net - Goodwill (Details)
$ in Millions
3 Months Ended
Mar. 31, 2025
USD ($)
Goodwill [Roll Forward]  
Beginning Balance $ 2,315
Acquisition 21
Effects of foreign currency translation 76
Ending Balance $ 2,412
v3.25.1
Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Value $ 949 $ 913
Accumulated Amortization (445) (403)
Total estimated future amortization expense $ 504 $ 510
Existing technology    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 3 years 1 month 6 days 3 years 3 months 18 days
Gross Carrying Value $ 237 $ 232
Accumulated Amortization (151) (142)
Total estimated future amortization expense $ 86 $ 90
Merchant relationships    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 8 years 1 month 6 days 8 years 3 months 18 days
Gross Carrying Value $ 300 $ 286
Accumulated Amortization (91) (82)
Total estimated future amortization expense $ 209 $ 204
Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 9 months 18 days 4 months 24 days
Gross Carrying Value $ 122 $ 116
Accumulated Amortization (114) (101)
Total estimated future amortization expense $ 8 $ 15
Trade name and trademarks    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 7 years 2 months 12 days 7 years 4 months 24 days
Gross Carrying Value $ 279 $ 269
Accumulated Amortization (85) (75)
Total estimated future amortization expense $ 194 $ 194
Assembled workforce in asset acquisitions    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 2 years 2 years 2 months 12 days
Gross Carrying Value $ 11 $ 10
Accumulated Amortization (4) (3)
Total estimated future amortization expense $ 7 $ 7
v3.25.1
Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Amortization of intangible assets $ 31 $ 31
v3.25.1
Goodwill and Intangible Assets, Net - Future Amortization Expense (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Remainder of 2025 $ 71  
2026 85  
2027 80  
2028 63  
2029 53  
Thereafter 152  
Total estimated future amortization expense $ 504 $ 510
v3.25.1
Fair Value Measurements - Schedule of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities $ 1,317 $ 1,322
Long-term marketable securities 842 835
Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 42 39
Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   5
Short-term marketable securities 47 76
Long-term marketable securities   2
Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 4  
Short-term marketable securities 597 509
Long-term marketable securities 455 420
U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 40 33
Long-term marketable securities 86 74
U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 46 15
Short-term marketable securities 535 612
Long-term marketable securities 301 339
Mutual funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 56 53
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total 5,465 4,449
Fair Value, Recurring | Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 42 39
Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 47 76
Long-term marketable securities   2
Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 597 509
Long-term marketable securities 455 420
Fair Value, Recurring | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 40 33
Long-term marketable securities 86 74
Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 535 612
Long-term marketable securities 301 339
Fair Value, Recurring | Mutual funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 56 53
Fair Value, Recurring | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 3,256 2,272
Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   5
Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 4  
Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 46 15
Level 1 | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total 3,312 2,325
Level 1 | Fair Value, Recurring | Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Level 1 | Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Long-term marketable securities   0
Level 1 | Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Long-term marketable securities 0 0
Level 1 | Fair Value, Recurring | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Long-term marketable securities 0 0
Level 1 | Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Long-term marketable securities 0 0
Level 1 | Fair Value, Recurring | Mutual funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 56 53
Level 1 | Fair Value, Recurring | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 3,256 2,272
Level 1 | Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   0
Level 1 | Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0  
Level 1 | Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0 0
Level 2 | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total 2,153 2,124
Level 2 | Fair Value, Recurring | Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 42 39
Level 2 | Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 47 76
Long-term marketable securities   2
Level 2 | Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 597 509
Long-term marketable securities 455 420
Level 2 | Fair Value, Recurring | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 40 33
Long-term marketable securities 86 74
Level 2 | Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 535 612
Long-term marketable securities 301 339
Level 2 | Fair Value, Recurring | Mutual funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Level 2 | Fair Value, Recurring | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0 0
Level 2 | Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   5
Level 2 | Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 4  
Level 2 | Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 46 15
Level 3 | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total 0 0
Level 3 | Fair Value, Recurring | Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Level 3 | Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Long-term marketable securities   0
Level 3 | Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Long-term marketable securities 0 0
Level 3 | Fair Value, Recurring | U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Long-term marketable securities 0 0
Level 3 | Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Long-term marketable securities 0 0
Level 3 | Fair Value, Recurring | Mutual funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 0 0
Level 3 | Fair Value, Recurring | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0 0
Level 3 | Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   0
Level 3 | Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0  
Level 3 | Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents $ 0 $ 0
v3.25.1
Fair Value Measurements - Carrying Value of our Non-Marketable Equity Securities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fair Value Disclosures [Abstract]    
Initial cost basis $ 451 $ 450
Upward adjustments 11 11
Downward adjustments (including impairment) (419) (419)
Total carrying value at the end of reporting period $ 43 $ 42
v3.25.1
Balance Sheet Components - Cash Equivalents and Marketable Securities (Details) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Cash equivalents      
Cash equivalents, cost or amortized cost $ 4,500,000,000 $ 4,019,000,000 $ 3,124,000,000
Short-term marketable securities      
Short-term marketable securities, estimated fair value 1,317,000,000 1,322,000,000  
Long-term marketable securities      
Long-term marketable securities, estimated fair value 842,000,000 835,000,000  
Total 5,460,000,000 4,448,000,000  
Total, unrealized gains 6,000,000 3,000,000  
Total, unrealized losses (1,000,000) (2,000,000)  
Total, estimated fair value 5,465,000,000 4,449,000,000  
Allowance for credit losses 0 0  
Money market funds      
Cash equivalents      
Cash equivalents, cost or amortized cost 3,256,000,000 2,272,000,000  
Cash equivalents, unrealized gain 0 0  
Cash equivalents paper, unrealized losses 0 0  
Cash equivalents, estimated fair value 3,256,000,000 2,272,000,000  
Commercial paper      
Cash equivalents      
Cash equivalents, cost or amortized cost   5,000,000  
Cash equivalents, unrealized gain   0  
Cash equivalents paper, unrealized losses   0  
Cash equivalents, estimated fair value   5,000,000  
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 47,000,000 76,000,000  
Short-term marketable securities, unrealized gains 0 0  
Short-term marketable securities, unrealized losses 0 0  
Short-term marketable securities, estimated fair value 47,000,000 76,000,000  
Long-term marketable securities      
Long-term marketable securities, cost or amortized cost   2,000,000  
Long-term marketable securities, unrealized gains   0  
Long-term marketable securities, unrealized losses   0  
Long-term marketable securities, estimated fair value   2,000,000  
Corporate bonds      
Cash equivalents      
Cash equivalents, cost or amortized cost 4,000,000    
Cash equivalents, unrealized gain 0    
Cash equivalents paper, unrealized losses 0    
Cash equivalents, estimated fair value 4,000,000    
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 596,000,000 508,000,000  
Short-term marketable securities, unrealized gains 1,000,000 1,000,000  
Short-term marketable securities, unrealized losses 0 0  
Short-term marketable securities, estimated fair value 597,000,000 509,000,000  
Long-term marketable securities      
Long-term marketable securities, cost or amortized cost 454,000,000 420,000,000  
Long-term marketable securities, unrealized gains 2,000,000 1,000,000  
Long-term marketable securities, unrealized losses (1,000,000) (1,000,000)  
Long-term marketable securities, estimated fair value 455,000,000 420,000,000  
U.S. Treasury securities      
Cash equivalents      
Cash equivalents, cost or amortized cost 46,000,000 15,000,000  
Cash equivalents, unrealized gain 0 0  
Cash equivalents paper, unrealized losses 0 0  
Cash equivalents, estimated fair value 46,000,000 15,000,000  
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 535,000,000 611,000,000  
Short-term marketable securities, unrealized gains 0 1,000,000  
Short-term marketable securities, unrealized losses 0 0  
Short-term marketable securities, estimated fair value 535,000,000 612,000,000  
Long-term marketable securities      
Long-term marketable securities, cost or amortized cost 300,000,000 340,000,000  
Long-term marketable securities, unrealized gains 1,000,000 0  
Long-term marketable securities, unrealized losses 0 (1,000,000)  
Long-term marketable securities, estimated fair value 301,000,000 339,000,000  
Certificates of deposit      
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 42,000,000 39,000,000  
Short-term marketable securities, unrealized gains 0 0  
Short-term marketable securities, unrealized losses 0 0  
Short-term marketable securities, estimated fair value 42,000,000 39,000,000  
U.S. government agency securities      
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 40,000,000 33,000,000  
Short-term marketable securities, unrealized gains 0 0  
Short-term marketable securities, unrealized losses 0 0  
Short-term marketable securities, estimated fair value 40,000,000 33,000,000  
Long-term marketable securities      
Long-term marketable securities, cost or amortized cost 86,000,000 74,000,000  
Long-term marketable securities, unrealized gains 0 0  
Long-term marketable securities, unrealized losses 0 0  
Long-term marketable securities, estimated fair value 86,000,000 74,000,000  
Mutual funds      
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 54,000,000 53,000,000  
Short-term marketable securities, unrealized gains 2,000,000 0  
Short-term marketable securities, unrealized losses 0 0  
Short-term marketable securities, estimated fair value $ 56,000,000 $ 53,000,000  
v3.25.1
Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]    
Prepaid expenses $ 224 $ 237
Deferred contract costs 67 64
Other receivable 144 133
Other current assets 295 253
Total $ 730 $ 687
v3.25.1
Balance Sheet Components - Property and Equipment, Net (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Property, Plant and Equipment [Line Items]      
Total $ 2,151   $ 1,974
Less: Accumulated depreciation and amortization (1,305)   (1,196)
Property and equipment, net 846   778
Depreciation expense 34 $ 32  
Capitalized software and website development costs 114 88  
Amortization of capitalized software and website development costs 87 $ 79  
Equipment for merchants      
Property, Plant and Equipment [Line Items]      
Total 206   190
Computer equipment and software      
Property, Plant and Equipment [Line Items]      
Total 105   96
Capitalized software and website development costs      
Property, Plant and Equipment [Line Items]      
Total 1,453   1,339
Leasehold improvements      
Property, Plant and Equipment [Line Items]      
Total 224   211
Office equipment      
Property, Plant and Equipment [Line Items]      
Total 90   77
Construction in progress      
Property, Plant and Equipment [Line Items]      
Total $ 73   $ 61
v3.25.1
Balance Sheet Components - Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]    
Litigation reserves $ 165 $ 160
Sales tax payable and accrued sales and indirect taxes 353 337
Accrued operations related expenses 560 446
Accrued advertising 156 142
Dasher and merchant payable 1,119 1,136
Insurance reserves 1,057 1,049
Contract liabilities 377 396
Other 391 383
Total $ 4,178 $ 4,049
v3.25.1
Commitment and Contingencies - Narrative (Details) - USD ($)
3 Months Ended 12 Months Ended
Apr. 26, 2024
Mar. 31, 2025
Dec. 31, 2024
Line of Credit Facility [Line Items]      
Indemnification liability   $ 0 $ 0
Letters of credit outstanding   143,000,000 141,000,000
Revolving Credit Facility | Amended and Restated Revolving Credit and Guaranty Agreement Maturing April 2029      
Line of Credit Facility [Line Items]      
Revolving credit facility, maximum borrowing capacity $ 800,000,000    
Unused commitment fee (percent) 0.10%    
Drawn from the revolving credit facility   0 0
Letters of credit outstanding   106,000,000 $ 112,000,000
Revolving Credit Facility | Amended and Restated Revolving Credit and Guaranty Agreement Maturing April 2029 | Higher of Federal Funds Rate or Composite Overnight Bank Borrowing Rate      
Line of Credit Facility [Line Items]      
Basis spread on variable rate (percent) 0.50%    
Revolving Credit Facility | Amended and Restated Revolving Credit and Guaranty Agreement Maturing April 2029 | Secured Overnight Financing Rate (SOFR)      
Line of Credit Facility [Line Items]      
Basis spread on variable rate (percent) 1.00%    
Revolving Credit Facility | Amended and Restated Revolving Credit and Guaranty Agreement Maturing April 2029 | Adjusted Secured Overnight Financing Rate      
Line of Credit Facility [Line Items]      
Basis spread on variable rate (percent) 1.00%    
Letter of Credit | Amended and Restated Revolving Credit and Guaranty Agreement Maturing April 2029      
Line of Credit Facility [Line Items]      
Revolving credit facility, maximum borrowing capacity $ 600,000,000    
Surety Bond      
Line of Credit Facility [Line Items]      
Collateralized agreements   692,000,000  
Restricted cash   $ 692,000,000  
v3.25.1
Common Stock - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
1 Months Ended 3 Months Ended
Nov. 30, 2020
Mar. 31, 2025
Mar. 31, 2024
Feb. 28, 2025
Feb. 29, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Stock repurchase program, authorized amount       $ 5,000  
Share repurchase program, remaining authorized, amount         $ 876
Number of shares repurchased (in shares)   0      
Options exercised, aggregate intrinsic value   $ 134 $ 180    
Options granted (in shares)   0 0    
Restricted Stock          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Derived service period of award   4 years      
Granted (in shares)   0      
Restricted Stock Units (RSUs)          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Shares granted and assumed in period (in dollars per share)   $ 194.57 $ 119.95    
Unrecognized stock-based compensation expense related to unvested stock options   $ 1,400      
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition   2 years 3 days      
Granted (in shares)   766,000      
Stock Options          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Unrecognized stock-based compensation expense related to unvested stock options   $ 2      
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition   8 months 26 days      
CEO Performance Award | Chief Executive Officer | 2014 Equity Incentive Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Unrecognized stock-based compensation expense related to unvested stock options   $ 1      
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition   25 days      
Granted (in shares) 10,379,000        
v3.25.1
Common Stock - Restricted Stock (Details) - Restricted Stock
shares in Thousands
3 Months Ended
Mar. 31, 2025
$ / shares
shares
Number of Shares  
Unvested units, beginning balance (in shares) 92
Granted (in shares) 0
Vested (in shares) 0
Forfeited (in shares) 0
Unvested units, ending balance (in shares) 92
Weighted- Average Grant Date Fair Value Per Share  
Granted (in dollars per share) | $ / shares $ 0
Vested (in dollars per share) | $ / shares 0
Forfeited (in dollars per share) | $ / shares $ 0
v3.25.1
Common Stock - Options Outstanding (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Shares subject to Options Outstanding      
Shares subject to options outstanding, beginning balance (in shares) 4,516,000    
Options granted (in shares) 0 0  
Options exercised (in shares) (751,000)    
Options cancelled and forfeited (in shares) 0    
Shares subject to options outstanding, ending balance (in shares) 3,765,000   4,516,000
Exercisable (in shares) 3,597,000    
Vested and expected to vest (in shares) 3,765,000    
Weighted- Average Exercise Price Per Share      
Shares subject to options outstanding, weighted-average exercise price (in dollars per share) $ 6.04   $ 5.72
Options granted (in dollars per share) 0    
Options exercised (in dollars per share) 4.08    
Options cancelled and forfeited (in dollars per share) 0    
Exercisable (in dollars per share) 6.13    
Vested and expected to vest (in dollars per share) $ 6.04    
Weighted- Average Remaining Contractual Term (in years)      
Options outstanding, weighted-average remaining contractual term (in years) 2 years 11 months 26 days   3 years 2 months 4 days
Exercisable, weighted-average remaining contractual term (in years) 3 years 14 days    
Vested and expected to vest, weighted-average remaining contractual term (in years) 2 years 11 months 26 days    
Aggregate Intrinsic Value      
Options outstanding, aggregate intrinsic value $ 665   $ 732
Options exercised, aggregate intrinsic value 134 $ 180  
Exercisable, aggregate intrinsic value 635    
Vested and expected to vest, aggregate intrinsic value $ 665    
v3.25.1
Common Stock - Restricted Stock unit Activity (Details) - Restricted Stock Units (RSUs) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Number of Shares    
Unvested units, beginning balance (in shares) 29,535  
Granted (in shares) 766  
Vested (in shares) (6)  
Vested and settled (in shares) (3,198)  
Forfeited (in shares) (657)  
Unvested units, ending balance (in shares) 26,440  
Weighted- Average Grant Date Fair Value Per Share    
Granted (in dollars per share) $ 194.57  
Vested (in dollars per share) 106.41  
Vested and settled (in dollars per share) 90.88  
Forfeited (in dollars per share) $ 92.22  
Aggregate Intrinsic Value    
Aggregate intrinsic value $ 4,832 $ 4,955
v3.25.1
Common Stock - Stock-based Compensation Expense (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense $ 235 $ 252
Cost of revenue, exclusive of depreciation and amortization    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 33 32
Sales and marketing    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 26 25
Research and development    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense 116 113
General and administrative    
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]    
Total stock-based compensation expense $ 60 $ 82
v3.25.1
Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Tax Disclosure [Abstract]    
Provision for income taxes $ 6 $ 7
v3.25.1
Net Income (Loss) per Share Attributable to DoorDash, Inc. Common Stockholders (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Numerator    
Net income (loss) including redeemable non-controlling interests $ 192 $ (25)
Less: Net loss attributable to redeemable non-controlling interests (1) (2)
Net income (loss) attributable to DoorDash, Inc. common stockholders $ 193 $ (23)
Denominator    
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders, basic (in shares) 421,422 405,482
Basic net income (loss) per share attributable to DoorDash, Inc. common stockholders, basic (in $ per share) $ 0.46 $ (0.06)
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) 435,563 405,482
Diluted net income (loss) per share attributable to DoorDash, Inc. common stockholders, diluted (in $ per share) $ 0.44 $ (0.06)
Class A Common Stock    
Numerator    
Net income (loss) including redeemable non-controlling interests $ 180 $ (23)
Less: Net loss attributable to redeemable non-controlling interests (1) (2)
Net income (loss) attributable to DoorDash, Inc. common stockholders $ 181 $ (21)
Denominator    
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders, basic (in shares) 395,951 378,240
Basic net income (loss) per share attributable to DoorDash, Inc. common stockholders, basic (in $ per share) $ 0.46 $ (0.06)
Weighted-average effect of potentially dilutive securities (in shares) 14,141 0
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) 410,092 378,240
Diluted net income (loss) per share attributable to DoorDash, Inc. common stockholders, diluted (in $ per share) $ 0.44 $ (0.06)
Class B Common Stock    
Numerator    
Net income (loss) including redeemable non-controlling interests $ 12 $ (2)
Less: Net loss attributable to redeemable non-controlling interests 0 0
Net income (loss) attributable to DoorDash, Inc. common stockholders $ 12 $ (2)
Denominator    
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders, basic (in shares) 25,471 27,242
Basic net income (loss) per share attributable to DoorDash, Inc. common stockholders, basic (in $ per share) $ 0.46 $ (0.06)
Weighted-average effect of potentially dilutive securities (in shares) 0 0
Weighted-average number of shares outstanding used to compute basic net income (loss) per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) 25,471 27,242
Diluted net income (loss) per share attributable to DoorDash, Inc. common stockholders, diluted (in $ per share) $ 0.44 $ (0.06)
v3.25.1
Net Income (Loss) per Share Attributable to DoorDash, Inc. Common Stockholders - Antidilutive Securities (Details) - shares
shares in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potential dilutive securities (shares) 10,660 42,161
Stock options to purchase common stock    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potential dilutive securities (shares) 0 7,448
Unvested restricted stock and restricted stock units    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potential dilutive securities (shares) 10,588 34,641
Escrow shares    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Potential dilutive securities (shares) 72 72
v3.25.1
Segment Reporting - Narrative (Details)
3 Months Ended
Mar. 31, 2025
segment
Segment Reporting [Abstract]  
Number of reportable segments 1
v3.25.1
Segment Reporting - Schedule of the Significant Segment Expense (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Revenue $ 3,032 $ 2,513
Less:    
Depreciation and amortization 152 142
Total stock-based compensation expense 235 252
Total costs and expenses 2,877 2,574
Income (loss) from operations 155 (61)
Interest income, net 49 45
Other expense, net (6) (2)
Income (loss) before income taxes 198 (18)
Provision for income taxes 6 7
Net income (loss) including redeemable non-controlling interests 192 (25)
Net loss attributable to redeemable non-controlling interests (1) (2)
Net income (loss) attributable to DoorDash, Inc. common stockholders 193 (23)
Reportable Segment    
Segment Reporting Information [Line Items]    
Revenue 3,032 2,513
Less:    
Depreciation and amortization 152 142
Total stock-based compensation expense 235 252
Cost of revenue 1,467 1,298
Sales and marketing 560 479
Research and development 190 166
General and administrative 272 237
Restructuring charges 1 0
Total costs and expenses 2,877 2,574
Income (loss) from operations 155 (61)
Interest income, net 49 45
Other expense, net (6) (2)
Income (loss) before income taxes 198 (18)
Provision for income taxes 6 7
Net income (loss) including redeemable non-controlling interests 192 (25)
Net loss attributable to redeemable non-controlling interests (1) (2)
Net income (loss) attributable to DoorDash, Inc. common stockholders $ 193 $ (23)
v3.25.1
Subsequent Events - Narrative (Details)
£ / shares in Units, $ in Millions, £ in Billions
3 Months Ended 6 Months Ended
May 06, 2025
USD ($)
Dec. 31, 2025
GBP (£)
£ / shares
Dec. 31, 2025
USD ($)
SevenRooms Inc. | Forecast      
Subsequent Event [Line Items]      
Business combination, consideration transferred     $ 1,200
Deliveroo PLC | Forecast      
Subsequent Event [Line Items]      
Business combination, consideration transferred | £   £ 2.9  
Subsequent Event | Secured Debt | Bridge Credit Agreement | Line of Credit      
Subsequent Event [Line Items]      
Debt issued $ 2,850    
Debt instrument term 364 days    
Subsequent Event | Secured Debt | Bridge Credit Agreement | Line of Credit | Minimum | Higher of Federal Funds Rate or Composite Overnight Bank Borrowing Rate      
Subsequent Event [Line Items]      
Basis spread on variable rate (percent) 0.625%    
Subsequent Event | Secured Debt | Bridge Credit Agreement | Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR)      
Subsequent Event [Line Items]      
Basis spread on variable rate (percent) 1.625%    
Subsequent Event | Secured Debt | Bridge Credit Agreement | Line of Credit | Maximum | Higher of Federal Funds Rate or Composite Overnight Bank Borrowing Rate      
Subsequent Event [Line Items]      
Basis spread on variable rate (percent) 0.75%    
Subsequent Event | Secured Debt | Bridge Credit Agreement | Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR)      
Subsequent Event [Line Items]      
Basis spread on variable rate (percent) 1.75%    
Subsequent Event | Deliveroo PLC | Forecast      
Subsequent Event [Line Items]      
Purchae price (pence per share) | £ / shares   £ 1.8