DOORDASH, INC., 10-K filed on 2/20/2024
Annual Report
v3.24.0.1
Cover - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2023
Feb. 09, 2024
Jun. 30, 2023
Entity Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2023    
Current Fiscal Year End Date --12-31    
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 Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
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    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 24.9
Documents Incorporated by Reference
Portions of the registrant’s Definitive Proxy Statement relating to the 2024 Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Such Definitive Proxy Statement will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant’s fiscal year ended December 31, 2023.
Auditor name: KPMG LLPAuditor Location: San Francisco, CaliforniaAuditor Firm ID:185
    
Entity Central Index Key 0001792789    
Document Fiscal Year Focus 2023    
Document Fiscal Period Focus FY    
Amendment Flag false    
Class A      
Entity Information [Line Items]      
Entity Common Stock, Shares Outstanding   376,763,050  
Class B      
Entity Information [Line Items]      
Entity Common Stock, Shares Outstanding   27,241,161  
Class C Common Stock      
Entity Information [Line Items]      
Entity Common Stock, Shares Outstanding   0  
v3.24.0.1
Audit Information
 12 Months Ended
Dec. 31, 2023
Audit Information [Abstract]  
Auditor Name KPMG LLP
Auditor Location San Francisco, California
Auditor Firm ID 185
v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,656 $ 1,977
Short-term marketable securities 1,422 1,544
Funds held at payment processors 356 441
Accounts receivable, net 533 400
Prepaid expenses and other current assets 630 358
Total current assets 5,597 4,720
Long-term restricted cash 11 211
Long-term marketable securities 583 397
Operating lease right-of-use assets 436 436
Property and equipment, net 712 637
Intangible assets, net 659 765
Goodwill 2,432 2,370
Non-marketable equity securities 46 124
Other assets 363 129
Total assets 10,839 9,789
Current liabilities:    
Accounts payable 216 157
Operating lease liabilities 68 55
Accrued expenses and other current liabilities 3,126 2,332
Total current liabilities 3,410 2,544
Operating lease liabilities 454 456
Other liabilities 162 21
Total liabilities 4,026 3,021
Commitments and contingencies (Note 9)
Redeemable non-controlling interests 7 14
Stockholders’ equity:    
Common stock, par value, Class A, Class B and Class C shares authorized, issued and outstanding 0 0
Additional paid-in capital 11,887 10,633
Accumulated other comprehensive income (loss) 73 (33)
Accumulated deficit (5,154) (3,846)
Total stockholders’ equity 6,806 6,754
Total liabilities, redeemable non-controlling interests and stockholders’ equity $ 10,839 $ 9,789
v3.24.0.1
Consolidated Balance Sheets (Parenthetical) - $ / shares
Dec. 31, 2023
Dec. 31, 2022
Class of Stock [Line Items]    
Common stock, par value ($ per share) $ 0.00001 $ 0.00001
Class A    
Class of Stock [Line Items]    
Common stock, authorized (shares) 6,000,000,000 6,000,000,000
Common stock, issued (shares) 375,987,000 363,299,000
Common stock, outstanding (shares) 375,987,000 363,299,000
Class B    
Class of Stock [Line Items]    
Common stock, authorized (shares) 200,000,000 200,000,000
Common stock, issued (shares) 27,241,000 28,172,000
Common stock, outstanding (shares) 27,241,000 28,172,000
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
v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Revenue $ 8,635 $ 6,583 $ 4,888
Costs and expenses:      
Cost of revenue, exclusive of depreciation and amortization shown separately below 4,589 3,588 2,338
Sales and marketing 1,876 1,682 1,619
Research and development 1,003 829 430
General and administrative 1,235 1,147 797
Depreciation and amortization 509 369 156
Restructuring charges 2 92 0
Total costs and expenses 9,214 7,707 5,340
Loss from operations (579) (1,124) (452)
Interest income (expense), net 152 30 (11)
Other expense, net (107) (305) 0
Loss before income taxes (534) (1,399) (463)
Provision for (benefit from) income taxes 31 (31) 5
Net loss including redeemable non-controlling interests (565) (1,368) (468)
Less: net loss attributable to redeemable non-controlling interests (7) (3) 0
Net loss attributable to DoorDash, Inc. common stockholders $ (558) $ (1,365) $ (468)
Net loss per share attributable to DoorDash, Inc. common stockholders, basic (in shares) $ (1.42) $ (3.68) $ (1.39)
Net loss per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) $ (1.42) $ (3.68) $ (1.39)
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, basic (in shares) 392,948 371,413 336,847
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) 392,948 371,413 336,847
v3.24.0.1
Consolidated Statements of Comprehensive Loss - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net loss including redeemable non-controlling interests $ (565) $ (1,368) $ (468)
Other comprehensive (loss) income, net of tax:      
Change in foreign currency translation adjustments 84 (16) 0
Change in unrealized gains and losses on marketable securities 21 (16) (4)
Other 1 2 0
Total other comprehensive income (loss) 106 (30) (4)
Comprehensive loss including redeemable non-controlling interests (459) (1,398) (472)
Less: Comprehensive loss attributable to redeemable non-controlling interests (7) (4) 0
Comprehensive loss attributable to DoorDash, Inc. common stockholders $ (452) $ (1,394) $ (472)
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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 at Dec. 31, 2020 $ 0          
Redeemable non-controlling interests, ending at Dec. 31, 2021 0          
Common stock, outstanding (shares), beginning at Dec. 31, 2020     318,503      
Common stock, outstanding, beginning balance at Dec. 31, 2020 4,700   $ 0 $ 6,313 $ (1,613) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon settlement of restricted stock units (in shares)     14,218      
Shares withheld related to net share settlement (shares)     (851)      
Shares withheld related to net share settlement (172)     (172)    
Issuance of common stock upon exercise of stock options (shares)     14,642      
Issuance of common stock upon exercise of stock options 32     32    
Stock-based compensation 579     579    
Other comprehensive (loss) income (4)         (4)
Net loss (468)       (468)  
Common stock, outstanding (shares), ending at Dec. 31, 2021     346,512      
Common stock, outstanding, ending balance at Dec. 31, 2021 4,667   $ 0 6,752 (2,081) (4)
Increase (Decrease) in Temporary Equity [Roll Forward]            
Other comprehensive income (loss)   $ (1)        
Recognition of redeemable non-controlling interest upon capital investment   18        
Net loss   (3)        
Redeemable non-controlling interests, ending at Dec. 31, 2022 14          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon settlement of restricted stock units (in shares)     10,027      
Issuance of common stock upon exercise of stock options (shares)     4,780      
Issuance of common stock upon exercise of stock options 11     11    
Stock-based compensation 1,021     1,021    
Other comprehensive (loss) income (29)         (29)
Net loss (1,365)       (1,365)  
Shares issued related to the acquisition of Wolt (shares)     35,720      
Shares issued related to the acquisition of Wolt 2,838     2,838    
Repurchase and retirement of stock (shares)     (5,568)      
Repurchase and retirement of common stock (400)       (400)  
Recognition of redeemable non-controlling interest upon capital investment 11     11    
Common stock, outstanding (shares), ending at Dec. 31, 2022     391,471      
Common stock, outstanding, ending balance at Dec. 31, 2022 6,754   $ 0 10,633 (3,846) (33)
Increase (Decrease) in Temporary Equity [Roll Forward]            
Net loss   $ (7)        
Redeemable non-controlling interests, ending at Dec. 31, 2023 $ 7          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common stock upon settlement of restricted stock units (in shares)     16,742      
Issuance of common stock upon exercise of stock options (shares) 6,999   6,999      
Issuance of common stock upon exercise of stock options $ 6     6    
Stock-based compensation 1,249     1,249    
Other comprehensive (loss) income 106         106
Net loss (558)       (558)  
Repurchase and retirement of stock (shares)     (11,969)      
Repurchase and retirement of common stock (750)       (750)  
Cancellation of escrow shares related to the acquisition of Wolt (in shares)     (15)      
Cancellation of escrow shares related to the acquisition of Wolt (1)     (1)    
Common stock, outstanding (shares), ending at Dec. 31, 2023     403,228      
Common stock, outstanding, ending balance at Dec. 31, 2023 $ 6,806   $ 0 $ 11,887 $ (5,154) $ 73
v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net loss including redeemable non-controlling interests $ (565) $ (1,368) $ (468)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 509 369 156
Stock-based compensation 1,088 889 486
Reduction of operating lease right-of-use assets and accretion of operating lease liabilities 108 81 52
Adjustments to non-marketable equity securities, including impairment, net 101 303 0
Other 15 20 75
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:      
Funds held at payment processors 86 (86) (174)
Accounts receivable, net (141) (33) (94)
Prepaid expenses and other current assets (105) (165) 85
Other assets (96) (90) (51)
Accounts payable 70 (15) 79
Accrued expenses and other current liabilities 702 566 595
Payments for operating lease liabilities (113) (75) (44)
Other liabilities 14 (29) (5)
Net cash provided by operating activities 1,673 367 692
Cash flows from investing activities      
Purchases of property and equipment (123) (176) (129)
Capitalized software and website development costs (201) (170) (108)
Purchases of marketable securities (1,946) (1,948) (2,344)
Sales of marketable securities 7 387 224
Maturities of marketable securities 1,940 1,552 720
Purchases of non-marketable equity securities (17) (15) (409)
Net cash acquired in acquisitions 0 71 0
Other investing activities (2) (1) (1)
Net cash used in investing activities (342) (300) (2,047)
Cash flows from financing activities      
Proceeds from exercise of stock options 6 11 32
Deferred offering costs paid 0 0 (10)
Repayment of convertible notes 0 0 (333)
Taxes paid related to net share settlement of equity awards 0 0 (172)
Repurchase of common stock (750) (400) 0
Other financing activities (8) 14 0
Net cash used in financing activities (752) (375) (483)
Foreign currency effect on cash, cash equivalents, and restricted cash 5 (10) (1)
Net increase (decrease) in cash, cash equivalents, and restricted cash 584 (318) (1,839)
Cash, cash equivalents, and restricted cash, beginning of period 2,188 2,506 4,345
Cash, cash equivalents, and restricted cash, end of period $ 2,772 $ 2,188 $ 2,506
v3.24.0.1
Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Cash Flows [Abstract]      
Cash and cash equivalents $ 2,656 $ 1,977 $ 2,504
Restricted cash included in prepaid expenses and other current assets 105 0 0
Long-term restricted cash 11 211 2
Total cash, cash equivalents, and restricted cash 2,772 2,188 2,506
Supplemental disclosure of cash flow information      
Cash paid for interest 0 0 42
Non-cash investing and financing activities      
Purchases of property and equipment not yet settled 13 34 23
Stock-based compensation included in capitalized software and website development costs $ 161 $ 132 $ 93
v3.24.0.1
Organization and Description of Business
 12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Description of Business Organization and Description of Business
Description of Business

DoorDash, Inc. (the “Company”) is incorporated in Delaware with headquarters in San Francisco, California. The Company operates a local commerce platform that enables local businesses to address consumers’ expectations of ease and immediacy and thrive in today’s convenience economy.

The Company operates a local commerce platform that connects merchants, consumers, and Dashers. The Company's primary offerings are the DoorDash Marketplace and the Wolt Marketplace (together, the "Marketplaces"), which together operate in over 25 countries across the globe. The Marketplaces provide a suite of services that enable merchants to establish an online presence, generate demand, seamlessly transact with consumers, and fulfill orders primarily through independent contractors who use the Company’s platform to deliver orders (“Dashers”). As part of the Marketplaces, the Company also offers Pickup, which allows consumers to place advance orders, skip lines, and pick up their orders conveniently with no consumer fees, as well as DoorDash for Business, which provides merchants on the Company’s platform with large group orders and catering orders for businesses and events. The DoorDash Marketplace also includes DashPass and the Wolt Marketplace includes Wolt+. DashPass and Wolt+ are the Company’s membership products, which provide members with unlimited access to eligible merchants with zero delivery fees and reduced service fees on eligible orders.

In addition to the Marketplaces, the Company offers Platform Services, which primarily includes DoorDash Drive and Wolt Drive (together, "Drive"), which are white-label delivery fulfillment services that enable merchants that have generated consumer demand through their own channels to fulfill this demand using the Company’s platform. Platform Services also includes DoorDash Storefront ("Storefront"), which enables merchants to create their own branded online ordering experience, providing them with a turnkey solution to offer consumers on-demand access to e-commerce without investing in in-house engineering or fulfillment capabilities, and Bbot, which offers merchants solutions for their in-store and online channels, including in-store digital ordering and payments.
v3.24.0.1
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation
The accompanying 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”). All intercompany balances and transactions have been eliminated in consolidation.
Reclassifications
Certain amounts from prior periods have been reclassified to conform to the current period presentation.
Segments
Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is the Company’s 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. See Note 3 – "Revenue" for revenue by geography. Long-lived assets, which consist of property and equipment, net and operating lease right-of-use assets, located outside of the United States were $124 million and $167 million as of December 31, 2022 and 2023, respectively.
Use of Estimates
The preparation of 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, insurance reserves, loss contingencies, and income and indirect taxes. Actual results could differ from these estimates. 
Business Combinations
The Company accounts for business combinations using the acquisition method of accounting, which requires, among other things, allocation of the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed at their estimated fair values on the acquisition date. The excess of the fair value of purchase consideration over the values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair value of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to the valuation of intangible assets. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, not to exceed one year from the date of acquisition, the Company may record adjustments to the assets acquired and liabilities assumed, with a corresponding offset to goodwill if new information is obtained related to facts and circumstances that existed as of the acquisition date. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are reflected in the consolidated statements of operations. Acquisition costs, such as legal and consulting fees, are expensed as incurred.
Cash, Cash Equivalents, and Restricted Cash
Cash includes demand deposits with banks or financial institutions as well as cash in transit from payment processors. Cash equivalents include short-term, highly liquid investments with original maturities of three months or less and their carrying values approximate fair value due to their short-term maturities. Restricted cash consists of bank accounts that are legally restricted for use, including collateral provided for letters of credit established primarily for real estate leases and insurance policies.
Marketable Securities
Marketable securities primarily consist of certificates of deposit, commercial paper, U.S. government agency securities, U.S. Treasury securities, and corporate bonds. The Company invests in a diversified portfolio of marketable securities and limits the concentration of its investment in any particular security. Securities with maturities greater than three months, but less than one year, are included in current assets and securities with maturities greater than one year are included in non-current assets on the consolidated balance sheets. All marketable securities are classified as available-for-sale and reported at fair value.
If the estimated fair value of an available-for-sale debt security is below its amortized cost basis, then the Company evaluates the security for impairment. The Company considers its intent to sell the security or whether it is more likely than not that it will be required to sell the security before recovery of its amortized basis. If either of these criteria are met, the debt security’s amortized cost basis is written down to fair value through other expense, net in the consolidated statements of operations. If neither of these criteria are met, the Company evaluates whether unrealized losses have resulted from a credit loss or other factors. The factors considered in determining whether a credit loss exists can include the extent to which fair value is less than the amortized cost basis, changes to the rating of the security by a rating agency, any adverse conditions specifically related to the security, as well as other factors. An impairment relating to credit losses is recorded through an allowance for credit losses reported in other expense, net in the consolidated statements of operations. The allowance is limited by the amount that the fair value of the debt security is below its amortized cost basis. When a credit loss exists, the Company compares the present value of cash flows expected to be collected from the debt security with the amortized cost basis of the security to determine what allowance amount, if any, should be recorded. As of December 31, 2022 and 2023, no allowance of credit losses related to marketable securities was recorded. Unrealized losses not resulting from credit losses are recorded through accumulated other comprehensive income (loss).
Funds Held at Payment Processors
Funds held at payment processors represent cash due from the Company’s payment processors for transactions with merchants and consumers, as well as funds transferred to payment processors for Dasher payout.
Accounts Receivable, Net and Allowance for Credit Losses
Accounts receivable, net primarily represents receivables from merchants that were generated through the Company’s Drive and Marketplace related offerings. The Company maintains an allowance for credit losses, which is based on the Company’s assessment of the collectability of accounts. The Company regularly reviews the adequacy of the allowance for credit losses on a collective basis by considering the age of each outstanding invoice, each customer’s expected ability to pay and collection history, current market conditions, and reasonable and supportable forecasts of future economic conditions to determine whether the allowance is appropriate. Accounts receivable deemed uncollectible are charged against the allowance for credit losses when identified.
Property and Equipment, Net
Property and equipment are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets. The useful lives are as follows:
   Estimated Useful Life
Equipment for merchants  2 years
Computer equipment and software  2 years
Office equipment  5 years
Capitalized software and website development costs  2 years
Leasehold improvements  Shorter of estimated useful life or lease term
Maintenance and repair costs are charged to expense as incurred. Upon disposal of a fixed asset, the Company records a gain or loss based on the difference between the proceeds received and the net book value of the disposed asset.
Intangible Assets, Net
Intangible assets are recorded at fair value as of the date of acquisition and amortized on a straight-line basis over their estimated useful lives. The Company reviews identifiable amortizable intangible assets for impairment under the long-lived asset model described under “Impairment of Long-Lived Assets” below.
Goodwill
Goodwill represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired in a business combination. Goodwill is not amortized, but is tested for impairment at least annually or more frequently if events or changes in circumstances indicate that the asset may be impaired. The Company’s impairment tests are based on a single operating segment and reporting unit structure. If the carrying value of the reporting unit exceeds its fair value, an impairment charge is recognized for the excess of the carrying value of the reporting unit over its fair value.
The Company conducted its annual goodwill impairment test during the fourth quarter of 2023 and determined that the fair value of the reporting unit significantly exceeded its carrying value. No goodwill impairment charge was recorded in any of the periods presented in the accompanying consolidated financial statements.
Non-Marketable Equity Securities
Non-marketable equity securities which the Company does not have a controlling financial interest in and does not exercise significant influence over the investee are recorded at cost and adjusted for observable transactions for same or similar investments of the same issuer or impairment (referred to as the measurement alternative).
The carrying value is not adjusted for the Company’s non-marketable equity securities if there are no observable price changes in a same or similar security from the same issuer or if there are no identified events or changes in circumstances that may indicate impairment.
Capitalized Software and Website Development Costs
The Company incurred costs relating to the development of the Company’s technology platform, which includes Dasher and merchant tools, mobile apps, and website and content development. Software development costs related to software acquired, developed, or modified solely to meet the Company’s internal requirements, with no substantive plans to market such software at the time of development, are capitalized during the application development stage of the project. Costs
incurred during the preliminary planning and evaluation stage of the project and during the post implementation operational stage are expensed as incurred. Costs to develop the Company’s technology platform are capitalized when preliminary development efforts are successfully completed, management has authorized and committed project funding, and it is probable that the project will be completed and the software will be used as intended. Costs incurred for enhancements that are expected to result in additional functionality are capitalized and expensed over the estimated useful life of the upgrades on a per project basis.
Impairment of Long-Lived Assets
The Company evaluates its long-lived assets or asset groups for indicators of possible impairment by comparison of the carrying amount to future net undiscounted cash flows expected to be generated by such asset or asset group when events or changes in circumstances indicate the carrying amount of an asset or asset group may not be recoverable. Should an impairment exist, the impairment loss would be measured based on the excess carrying value of the asset or asset group over the asset’s or asset group’s fair value generally determined by estimates of future discounted cash flows. Assets to be disposed of are reported at the lower of their carrying amount or fair value less costs to sell.
Insurance Reserves
The Company utilizes third-party insurance which include retained insurance deductibles to insure costs including auto liability related to both bodily injury and physical damage, and uninsured and underinsured motorists up to a certain dollar retention limit. The recorded insurance reserves reflect the estimated cost for claims incurred but not paid and claims that have been incurred but not yet reported. The estimate of the Company’s ultimate deductible obligation utilizes actuarial techniques applied to historical claim and loss experience. The Company utilizes assumptions based on actuarial judgments with consideration toward claim and loss development factors, which includes the development time frame and settlement patterns, and expected loss rates. Reserves are periodically reviewed and adjusted as necessary as experience develops or new information becomes known. However, ultimate results may differ from the Company’s estimates, which could result in losses over the Company’s reserved amounts. During the years ended December 31, 2021, 2022 and 2023, the Company recorded additions to the insurance reserves of $134 million, $359 million and $518 million, respectively. The Company’s retained insurance deductibles reserves as of December 31, 2022 and 2023 were $418 million and $758 million, respectively.
Loss Contingencies
The Company is involved in various lawsuits, claims, investigations, and proceedings that arise in connection with its business. Certain of these matters include speculative claims for substantial or indeterminate amounts of damages. The Company records a liability in accrued expenses and other current liabilities on the consolidated balance sheets when the Company believes that it is both probable that a loss has been incurred and the amount or range can be reasonably estimated. The Company discloses material contingencies when it believes that a loss is not probable but reasonably possible. Significant judgment is required to determine both probability and the estimated amount. The Company reviews these provisions on a quarterly basis and adjusts these provisions accordingly to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and updated information.
Sales and Indirect Taxes
The Company records sales and indirect tax liabilities when they become probable and the amount can be reasonably estimated. Sales and indirect tax liabilities are included in accrued expenses and other current liabilities on the consolidated balance sheets.
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) primarily consists of foreign currency translation adjustments and unrealized gains and losses on available-for-sale marketable securities. The financial statements of the Company’s foreign subsidiaries are translated from their functional currency, which is typically the local currency, into U.S. dollars. Assets and liabilities are translated at period end rates of exchange, and revenue and expenses are translated using average monthly exchange rates. The resulting gain or loss is included in accumulated other comprehensive income (loss) on the consolidated balance sheets.
Available-for-sale securities are reported at fair value, with unrealized gains and losses included as a separate component of stockholders’ equity within accumulated other comprehensive income (loss).
Stock-Based Compensation
The fair value of restricted stock and RSUs is estimated based on the fair value of the Company’s common stock on the date of grant. With the exception of the CEO Performance Award and options assumed via acquisition (as discussed further in Note 10 - "Common Stock"), the Company only granted RSUs that vest upon the satisfaction of a service-based vesting condition and the compensation expense for these RSUs is recognized on a straight-line basis over the requisite service period.
For the CEO Performance Award (as discussed below in Note 10 - "Common Stock"), that includes a market condition, the fair value of the award was determined using a Monte Carlo simulation model. The associated stock-based compensation is recorded over the derived service period, using the accelerated attribution method. If the stock price goals are met sooner than the derived service period, the Company will adjust the stock-based compensation expense to reflect the cumulative expense associated with the vested award. Provided that Tony Xu continues to be the Chief Executive Officer of the Company, stock-based compensation expense is recognized over the requisite service period, regardless of whether the stock price goals are achieved.
The Company records forfeitures when they occur for all share-based payment awards.
Income Taxes
The Company accounts for income taxes using the asset and liability method. Under this method, deferred income tax assets and liabilities are recorded based on the estimated future tax effects of differences between the financial statement and income tax basis of existing assets and liabilities. These differences are measured using the enacted statutory tax rates that are expected to apply for the years in which differences are expected to reverse. The Company recognizes the effect on deferred income taxes of a change in tax rates in the period that includes the enactment date. The Company records a valuation allowance to reduce its deferred tax assets to the net amount that it believes is more-likely-than-not to be realized. Management considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future income, and other relevant factors. Our judgment regarding levels of future profitability are consistent with plans and estimates used to manage the business, however actual operating results in future years could differ from our current assumptions, judgments and estimates. Should there be a change in the ability to recover deferred tax assets, our income tax provision would increase or decrease in the period in which the assessment is changed.
The Company operates in various tax jurisdictions and is subject to audit by tax authorities. The Company recognizes the tax benefit of an uncertain tax position only if it is more-likely-than-not that the position is sustainable upon examination by the taxing authority, based on the technical merits. The tax benefit recognized is measured as the largest amount of benefit which is greater than 50% likely to be realized upon settlement with the taxing authority. We consider many factors when evaluating our tax positions and estimating our tax benefits, which may require periodic adjustments. Due to uncertainties in any tax audit outcome, our estimates of the ultimate settlement of our unrecognized tax positions may change and the actual tax benefit may differ significantly from the estimates. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in the provision for income taxes.
Fair Value
The Company measures certain assets and liabilities at fair value on a recurring basis based on an expected exit price, which represents the amount that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.
The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis, whereby inputs used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value:
Level 1Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3Unobservable inputs reflecting the Company’s own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.
The carrying amounts of certain of the Company’s financial instruments, which include cash equivalents, accounts receivable, accounts payable, and accrued expenses and other current liabilities approximate their fair values due to their short maturities.
Concentration of Credit Risk
The Company’s cash, cash equivalents, marketable securities, funds held at payment processors, and accounts receivable are potentially subject to concentration of credit risk. Although the Company deposits its cash with multiple financial institutions, the deposits, at times, may exceed federally insured limits. Management believes that the institutions are financially stable and, accordingly, minimal credit risk exists. The Company limits purchases of debt securities to investment-grade securities. The Company has not experienced any significant credit losses historically.
The Company relies on a limited number of third parties to provide payment processing services (“payment processors”) including collecting amounts due from end-users and processing Dasher payouts. Payment processors are financial institutions or credit card companies that the Company believes are of high credit quality. The Company retains the risk of collecting such amounts from the payment processors, which are included in funds held at payment processors for the unsettled portion at each period end. The portion of the payments to be remitted to Dashers and merchants is included in accrued expenses and other current liabilities. Although the Company pre-authorizes forms of payment to mitigate its exposure, the Company absorbs all credit card losses.
Accounts receivable, net primarily represents receivables from merchants that were generated through the Company’s Drive and Marketplace related offerings. As of December 31, 2022, one entity individually accounted for 14% of accounts receivable, net. As of December 31, 2023, one entity individually accounted for 13% of accounts receivable, net. No customer accounted for 10% or more of revenue for the years ended December 31, 2021, 2022, and 2023.
Revenue Recognition
The Company recognizes revenue in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with its Customers. The Company generates a substantial majority of its revenue from orders completed through its Marketplaces and the related commissions charged to partner merchants and fees charged to consumers. A partner merchant represents a merchant that has entered into a contractual agreement with the Company. Revenue from the Marketplaces is recognized at the point in time when the consumer obtains control of the merchant’s products. The Company also generates revenue from membership fees paid by consumers for DashPass and Wolt+, which is recognized as part of the Marketplaces. Revenue generated from the Company’s DashPass and Wolt+ memberships is recognized on a ratable basis over the contractual period, which is generally one month to one year depending on the type of membership purchased by the consumer. In addition, the Company also generates revenue from its Drive offering by collecting per-order fees from merchants that use its local commerce platform to arrange for delivery services that fulfill demand generated through their own channels. Revenue from Drive is recognized at the point in time when the consumer obtains control of the merchant’s products.
When determining the appropriate accounting for the fees collected in exchange for the use of the Company’s local commerce platform, the Company considered its contractual arrangements with the parties involved as well as its customary business practices. Under the Company’s agreements with partner merchants, the Company agrees to a commission to be earned as a percentage of the total dollar value of goods ordered. When a consumer signs up to use the Company’s local commerce platform, the consumer agrees to be charged certain fees, at the time an order is placed, in exchange for use of the platform. The Company has concluded that a contract exists between the Company and a partner merchant when the partner merchant accepts each consumer’s order, and a contract exists between the Company and a consumer when the consumer places the order and requests delivery services. The duration of a contract is typically equal to the time between when the order is placed and a Dasher picks up the food from the merchant. Contracts including variable consideration with partner merchants were not material for the periods presented.
The Company’s local commerce platform facilitates orders between consumers and partner merchants. Separately, the Company’s platform arranges for consumers to obtain delivery service from Dashers. The Company has determined that the order facilitation service and delivery facilitation service are distinct performance obligations and has therefore considered whether it is a principal or agent separately for each of these items. The order facilitation service and the
delivery facilitation service are distinct given that the consumer can benefit from each item separately. Further, the order facilitation service and delivery facilitation service are separately identifiable as the nature of the promises are to transfer the order facilitation service and delivery facilitation service individually, rather than as a combined item.
Principal vs. Agent Considerations
Judgment is required in determining whether the Company is the principal or the agent in transactions with partner merchants, consumers, and Dashers. As it relates to the accounting for order facilitation services and delivery facilitation services, the Company evaluated whether to present revenue on a gross versus net basis based on whether it controls each specified good or service before it is provided to the consumer in Marketplace transactions.
With respect to order facilitation services, the Company has determined it is an agent for partner merchants in facilitating the sale of products to the consumer through its Marketplaces. The consumer accesses the Company’s local commerce platform to identify merchants and places an order for merchants’ products. These orders are picked up from partner merchants and delivered to consumers by Dashers. The Company does not control the products prior to them being transferred to the consumer as it neither has the ability to redirect the products to another consumer nor does it obtain any economic benefit from the products.
With respect to the vast majority of its delivery facilitation services, the Company has determined it is acting as an agent for the consumer in facilitating the delivery of products by connecting consumers with Dashers. As the Company’s role with the delivery facilitation service is only to arrange for a delivery opportunity to be offered to prospective Dashers, it does not control how the delivery service is ultimately provided to the consumer.
In the vast majority of its transactions with end-users, the Company is an agent in facilitating the sale of products and delivery services, thus the Company reports revenue on a net basis, reflecting amounts collected from consumers, less amounts remitted to merchants and Dashers.
Dasher payout represents the amounts paid to Dashers for deliveries, including incentives and tips, except for certain referral bonuses. From time to time, Dashers may request an earlier payment settlement in exchange for a reduction in Dasher payout. The amounts payable to merchants and Dashers are included in accrued expenses and other current liabilities on the consolidated balance sheets as payments are typically settled on a weekly basis.
The Company recognizes revenue from both partner merchants and consumers for each successfully completed transaction. The Company satisfies its performance obligations to a partner merchant when there is a successful sale of the merchant’s products and meets its performance obligation to a consumer once the Dasher has picked up the products from the merchant for delivery to the consumer.
The Company also provides value-add services to merchants. These services are generally considered separate performance obligations and revenue is recognized over the period in which services are provided. Revenue generated from such services is not material in all periods presented.
Gift Cards
The Company sells gift cards to consumers that can be redeemed through the Marketplaces. The majority of gift cards sold have no expiration date and administrative fees are not charged on unused gift cards. In prior periods, with limited history as to consumers' redemption patterns, proceeds from the sale of gift cards were fully deferred and recorded as contract liabilities until consumers used the card to place orders on its platform. When gift cards 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. During the year ended December 31, 2021, the Company concluded that it had developed sufficient historical evidence regarding the pattern of consumer redemptions of gift cards to have the ability to estimate the portion of outstanding gift cards that will never be redeemed (“breakage”) and for which there is no legal obligation to remit the value of the unredeemed gift cards to the relevant jurisdiction as unclaimed or abandoned property. The Company recognizes the breakage amounts as revenue, proportionate to the pattern of revenue recognition for the gift card redemptions. The Company recorded $48 million, $47 million and $41 million of gift card breakage revenue during the years ended December 31, 2021, 2022, and 2023, respectively. Estimating future breakage rates requires judgment based on current and historical patterns of redemption, and the actual breakage rates may vary from the estimate. For jurisdictions where gift cards have expiration dates, the Company recognizes breakage when they expire.
Refunds and Credits
From time to time the Company issues credits or refunds to merchants and consumers to ameliorate issues that may arise with orders. The Company accounts for such refunds as variable consideration and therefore records the amount of each refund or credit issued as a reduction of revenue.
Incentive Programs
The Company offers incentives to attract consumers and Dashers to use its local commerce platform. Consumers typically receive credits or discounted delivery fees while Dashers typically receive cash incentives. Each of the incentives are described below.
Consumer Promotions
The Company uses promotions in tandem with sales and marketing spend to attract new consumers to its platform. Promotions offered to consumers are primarily recorded as a reduction of revenue and include the following:
New consumer incentives: The Company records discounts and incentives provided to new consumers as a promotion and reduces revenue on the date that the corresponding revenue transaction is recorded.
Consumer referrals: The Company offers referral credits to its existing consumers for referrals of new consumers. These referral credits are paid in exchange for a distinct marketing service and therefore the portion of these credits that is equal to or less than the fair value of acquiring a new consumer are accounted for as a consumer acquisition cost. These new consumer acquisition costs are expensed as incurred and reflected as sales and marketing expenses in the Company’s consolidated statements of operations. The portion of these credits in excess of the fair value of acquiring a new consumer is accounted for as a reduction of revenue.
Existing consumer incentives: On occasion, the Company offers promotional discounts to existing consumers. The Company records incentives provided to existing consumers as a promotion and reduces revenue on the date that the corresponding revenue transaction is recorded.
Dasher Incentives and Referrals
The Company offers various incentives to Dashers, which are primarily recorded within Dasher payout and reduce revenue. These are offered in various forms and include:
Peak pay: The Company makes additional payments to Dashers to incentivize them to accept delivery opportunities during peak demand time.
Dasher referrals: The Company offers referral bonuses to referring Dashers, as well as to referred Dashers, once the new Dasher has met certain qualifying conditions. The Company expenses the fair value of payments made to the referring Dashers as incurred in sales and marketing expenses in the consolidated statements of operations, since the marketing of the Company’s platform to acquire new Dashers represents a distinct benefit to the Company. The portion of these referral bonuses in excess of the fair value of payments made to the referring Dashers is accounted for as a reduction of revenue. Payments made to the referred Dashers are recorded within Dasher payout and reduce revenue at the time the corresponding revenue transaction is recorded.
Advertising Costs
Advertising costs are expensed when incurred and are included in sales and marketing expenses in the consolidated statements of operations. Advertising expenses were $1.2 billion, $1.1 billion, and $1.3 billion for the years ended December 31, 2021, 2022, and 2023, respectively.
Net Loss Per Share Attributable to Common Stockholders
The Company computes net loss per common share following the two-class method required for multiple classes of common stock and participating securities. The Company considers its previously outstanding redeemable convertible preferred stock to be participating securities. The two-class method requires income (loss) available to DoorDash, Inc. common stockholders for the period to be allocated between multiple classes of common stock and participating securities based upon their respective rights to receive dividends as if all income (loss) for the period had been distributed. The rights, including the liquidation and dividend rights, of the Class A common stock, Class B common stock, and Class C common stock are substantially identical, other than voting rights. Accordingly, the Class A common stock and Class B
common stock shared proportionately in the Company’s net losses. No shares of Class C common stock were issued and outstanding as of December 31, 2022 and 2023.
Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. The diluted net loss per share is computed by giving effect to all potentially dilutive securities outstanding for the period. For periods in which the Company reports net losses, diluted net loss per common share is the same as basic net loss per common share, because all potentially dilutive securities are anti-dilutive. Vested RSUs that have not been settled have been included in the appropriate common share class used to calculate basic net loss per share.
Leases
The Company determines if an arrangement is or contains a lease at inception. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. ROU assets represents the Company's right to use the underlying assets for the lease term and lease liabilities represents the Company's obligation to make lease payment arising from the lease. The Company has elected the practical expedient not to recognize ROU assets and lease liabilities for short-term leases with terms of twelve months or less. Expense related to short-term leases is recognized either straight-line over the lease term or as incurred depending on whether the lease payments are fixed or variable. ROU assets are recognized as the lease liability, adjusted for lease incentives received. Lease liabilities are recognized at the present value of the future lease payments at the lease commencement date. The Company’s classes of assets that are leased include real estate leases and equipment leases. Operating leases consist of real estate leases and are included in operating lease ROU assets and operating lease liabilities on the Company’s consolidated balance sheets. Finance leases consist of equipment leases and are included in property and equipment, net on the Company’s consolidated balance sheets. Most of the Company’s leases are operating leases, and activities related to finance leases were not material for the periods presented.
The Company’s real estate leases are for an initial period between one and 15 years, and typically include renewal options, the election of which is at the option of the Company. The Company includes renewal options in the measurement of lease liabilities only to the extent the option is reasonably certain to be exercised. For leases that provide the option to terminate, the lease term includes periods covered by such options to the extent the Company is reasonably certain not to exercise the option.
The Company subleases certain portions of buildings subject to operating leases. The terms and conditions of the subleases are commensurate with the terms and conditions within the original operating leases. The term of the subleases generally range from one to six years, payments are fixed within the contracts, and there are no residual value guarantees or other restrictions or covenants in the leases.
When the discount rate implicit in the lease cannot be readily determined, the Company uses the applicable incremental borrowing rate at lease commencement in order to discount lease payments to present value for purposes of performing lease classification tests and measuring the lease liability. The incremental borrowing rate represents the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Because the Company does not typically borrow on a collateralized basis, it uses a derived unsecured synthetic credit rating adjusted for collateralization, current available yield curves, and the lease term as inputs to derive an appropriate incremental borrowing rate.
Variable Interest Entities
The Company evaluates its ownership, contractual and other interests in entities to determine if it has a variable interest in an entity and if it is the primary beneficiary. These evaluations are complex and involve judgment and the use of estimates and assumptions based on available historical and prospective information, among other factors. If the Company determines that entities for which the Company holds a contractual or ownership interest in are variable interest entities ("VIE") and that the Company is the primary beneficiary, the Company consolidates such entities in the consolidated financial statements. The primary beneficiary of a VIE is the party that meets both of the following criteria: (1) has the power to make decisions that most significantly affect the economic performance of the VIE and (2) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. Periodically, the Company determines whether any changes in the interest or relationship with the entity impacts the determination of whether the Company is still the primary beneficiary. If the Company is not deemed to be the primary beneficiary in a VIE, the Company accounts for the investment or other variable interests in a VIE in accordance with applicable GAAP. Refer to Note 14 - Variable Interest Entities for further information.
Restructuring
Costs and liabilities associated with management-approved restructuring activities are recognized when they are incurred. One-time employee termination costs are recognized at the time of communication to employees, unless future service is required, in which case the costs are recognized over the future service period. Ongoing employee termination benefits are recognized as a liability when it is probable that a liability exists and the amount is reasonably estimable. Restructuring charges are recognized as an operating expense within the consolidated statements of operations and related liabilities are recorded within accrued expenses and other current liabilities on the consolidated balance sheets. The Company periodically evaluates and, if necessary, adjusts its estimates based on currently available information.
Recent Accounting Pronouncements Not Yet Adopted

In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which is intended to improve reportable segment disclosure requirements. ASU 2023-07 expands segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. Additionally, the amendments require disclosure of the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. All disclosure requirements of ASU 2023-07 are required for entities with a single reportable segment. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is in the process of evaluating the impact of the adoption of the update on its consolidated financial statements.
v3.24.0.1
Revenue
 12 Months Ended
Dec. 31, 2023
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 comprised of the Company's Marketplaces and Platform Services.

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):
 
Year Ended December 31,
 202120222023
United States$4,877 $6,251 $7,781 
International11 332 854 
Total revenue$4,888 $6,583 $8,635 
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 consolidated balance sheets, is primarily comprised 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 year ended December 31, 2023 was as follows (in millions):
Year Ended December 31, 2023
Beginning balance$251 
Addition to contract liabilities2,247 
Reduction of contract liabilities(1)(2)
(2,190)
Ending balance$308 
(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 $129 million associated with unearned prepayments received by the Company, all of which was recognized as revenue during the year ended December 31, 2023. 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 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 consolidated statements of operations. A summary of activities related to deferred contract costs was as follows (in millions):
 
Year Ended December 31,
 202120222023
Beginning balance$43 $62 $100 
Addition to deferred contract costs
39 70 82 
Amortization of deferred contract costs(20)(32)(45)
Ending balance$62 $100 $137 
Deferred contract costs, current$25 $36 $51 
Deferred contract costs, non-current37 64 86 
Total deferred contract costs$62 $100 $137 
Allowance for Credit Losses
The allowance for credit losses related to accounts receivable and changes were as follows (in millions):
Year Ended December 31,
202120222023
Beginning balance$13 $39 $20 
Current-period provision for expected credit losses
37 — 8 
Write-offs charged against the allowance(11)(19)(11)
Ending balance$39 $20 $17 
v3.24.0.1
Acquisitions
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Acquisitions Acquisitions
Wolt Acquisition
On May 31, 2022, the Company completed the acquisition of 100 percent of the outstanding equity interests of Wolt Enterprise Oy (“Wolt”). The Company's aim is to accelerate its product development, increase its international scale, bring greater focus to its markets outside the United States, and improve the value provided to consumers, merchants, as well as Dashers around the world. The Company’s acquisition-related costs were $48 million and all costs were recorded as general and administrative expenses on the Company’s consolidated statements of operations during the period in which they were incurred. The acquisition date fair value of the consideration transferred for Wolt was $2,838 million, which consisted of the following (in millions):
Fair Value
DoorDash Class A common stock$2,705 
Stock-based compensation awards (DoorDash options, RSUs, and revesting common stock) attributable to pre-combination services133
Total consideration$2,838 
The fair value of 36 million shares of Class A common stock issued was determined on the basis of the closing market price of the Company’s Class A common stock on the acquisition date. The Company also issued certain stock-based compensation awards and their fair value was determined using a Black-Scholes option pricing model with the applicable
assumptions as of the acquisition date for options (1.7 million DoorDash options) and using the closing market price of the Company's Class A common stock on the acquisition date for RSUs (1.4 million DoorDash RSUs).
For certain Wolt employees, a portion of their total consideration transferred was restricted subject to revesting over a service period, including 568 thousand shares of the Company's Class A common stock. This restricted equity consideration is considered compensation for post-combination services and will be recognized as stock-based compensation expense over the next four years, based on the fair value of the shares using the closing market price of the Company's Class A common stock on the acquisition date.
The total purchase consideration of the Wolt acquisition was allocated to the tangible and intangible assets acquired, and liabilities assumed, based upon their respective fair values as of the date of the acquisition. The Company recorded $1,997 million of goodwill which represents the excess of the purchase price over the net assets acquired. Goodwill is primarily attributed to the assembled workforce of Wolt and anticipated synergies from the future growth and strategic advantages in the global local commerce industry. The goodwill recorded in connection with the acquisition of Wolt is not deductible for tax purposes. The fair value of assets acquired and liabilities assumed are based on management’s best estimate and assumptions, with the assistance of an independent third-party valuation firm.
The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions):
May 31, 2022
Current assets$272 
Intangible assets772 
Goodwill1,997 
Other non-current assets82 
Current liabilities(204)
Deferred tax liability, net(34)
Other non-current liabilities(47)
Total purchase price$2,838 
The following table sets forth the components of intangible assets acquired (in millions) and their estimated useful life as of the date of acquisition (in years):
Estimated Useful LifeMay 31, 2022
Merchant relationships11$236 
Trademark10268 
Existing technology6150 
Customer relationships3107 
Courier relationships111 
Total acquired intangible assets$772 
Existing technology represents the existing online and mobile Wolt platform for restaurant and grocery delivery and pickup orders. The merchant, customer, and courier relationships represent the fair value of the underlying relationships with merchants, such as restaurants and grocery stores, users of Wolt’s food and delivery services, and courier partners. The estimated fair values of the existing technology and trademarks were determined using a relief from royalty method. The fair values of the merchant, courier and customer relationships were determined using a replacement cost method. The Company expects to amortize the fair value of these intangible assets on a straight-line basis over their respective estimated useful lives.
From the date of acquisition through December 31, 2022, the amount of revenue and net loss from Wolt included in the consolidated statements of operations were $259 million and $345 million, respectively.
The following unaudited pro forma results presents the combined revenue and net loss as if the Wolt acquisition had been completed on January 1, 2021, the beginning of the Company's fiscal 2021. The unaudited pro forma information is based on estimates and assumptions which the Company believes are reasonable and primarily reflects adjustments for the pro forma impact of additional amortization related to the fair value of acquired intangible assets and transaction costs. The unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the
actual results of operations of the combined company would have been if the acquisition had occurred on January 1, 2021, nor are they indicative of future results of operations. The unaudited pro forma results were as follows (in millions):
Year Ended December 31,
20212022
Revenue$5,128 $6,734 
Net loss$(1,039)$(1,549)
Bbot Acquisition
On March 1, 2022, the Company acquired Bbot, a hospitality technology company. The addition of Bbot's products and technology to the Company's platform will offer merchants more solutions for their in-store and online channels, including in-store digital ordering and payments. The acquisition was accounted for under the acquisition method of accounting. The total purchase consideration was approximately $88 million in cash, including a $9 million indemnification holdback, which was settled during the three month period ended June 30, 2023.
The total purchase consideration was allocated to the tangible and intangible assets acquired, and liabilities assumed, based upon their respective fair values as of the date of the acquisition. The excess of the purchase price over the net assets acquired was recorded as goodwill. Goodwill is primarily attributable to the anticipated synergies from the future growth opportunities from the adoption of Bbot’s technology by the Company’s merchants. The fair value of assets acquired and liabilities assumed are based on management's best estimate and assumptions, with the assistance of an independent third-party valuation firm.
The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions):
March 1, 2022
Current assets$11 
Intangible assets18 
Goodwill60 
Other liabilities(1)
Total purchase price$88 
The intangible assets acquired consisted of existing technology and customer relationships, which had estimated remaining useful lives of 5 and 3 years as of the date of the acquisition, respectively.
The acquisition was not material to the Company for the periods presented and therefore, pro forma information has not been presented.
v3.24.0.1
Goodwill and Intangible Assets, Net
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
The changes in the carrying amount of goodwill for the periods presented were as follows (in millions):
Total
Balance as of December 31, 2021$316 
Acquisitions2,054 
Balance as of December 31, 20222,370 
Goodwill measurement period adjustment3 
Effects of foreign currency translation59 
Balance as of December 31, 2023$2,432 
There was no goodwill impairment during the periods presented. See Note 4 – "Acquisitions" for further details of goodwill recorded.
Intangible assets, net consisted of the following as of December 31, 2022 (in millions):
Weighted-average
Remaining Useful
Life (in years)		Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value
Existing technology5.3$236 $(88)$148 
Merchant relationships10.0294 (26)268 
Courier relationships0.412 (7)5 
Customer relationships2.4119 (30)89 
Trade name and trademarks9.4277 (22)255 
Balance as of December 31, 2022$938 $(173)$765 
Intangible assets, net consisted of the following as of December 31, 2023 (in millions):
Weighted-average
Remaining Useful
Life (in years)		Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value
Existing technology4.3$241 $(117)$124 
Merchant relationships9.1302 (56)246 
Courier relationships—12 (12)— 
Customer relationships1.4123 (69)54 
Trade name and trademarks8.4286 (51)235 
Balance as of December 31, 2023$964 $(305)$659 
Amortization expense associated with intangible assets was $13 million, $99 million, and $127 million for the years ended December 31, 2021, 2022, and 2023, respectively.
The estimated future amortization expense of intangible assets as of December 31, 2023 was as follows (in millions):
Year Ending December 31,
Amortization
Expense
2024$125 
2025100 
202682 
202780 
202864 
Thereafter208 
Total estimated future amortization expense$659 
v3.24.0.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2023
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, 2022
 Level 1Level 2Level 3Total
Cash equivalents
Money market funds$886 $— $— $886 
Commercial paper— 3 — 3 
Short-term marketable securities
Commercial paper— 306 — 306 
Corporate bonds— 205 — 205 
U.S. government agency securities— 76 — 76 
U.S. Treasury securities— 957 — 957 
Long-term marketable securities
Corporate bonds— 145 — 145 
U.S. government agency securities— 44 — 44 
U.S. Treasury securities— 208 — 208 
Total$886 $1,944 $— $2,830 
December 31, 2023
Level 1Level 2Level 3Total
Cash equivalents
Money market funds$1,349 $— $— $1,349 
U.S. Treasury securities— 35 — 35 
Short-term marketable securities
Certificates of deposit— 38 — 38 
Commercial paper— 216 — 216 
Corporate bonds— 289 — 289 
U.S. government agency securities— 162 — 162 
U.S. Treasury securities— 717 — 717 
Long-term marketable securities
Corporate bonds— 383 — 383 
U.S. government agency securities— 55 — 55 
U.S. Treasury securities— 145 — 145 
Total$1,349 $2,040 $— $3,389 
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.
During the years ended December 31, 2021, 2022, and 2023, the Company made investments in non-marketable equity securities of $409 million, $18 million and $23 million, respectively. The following is a summary of unrealized gains and losses from upward or downward adjustments recorded in other expense, net in the consolidated statements of operations, and included as adjustments to the carrying value of non-marketable equity securities held during the years ended December 31, 2021, 2022, and 2023 (in millions):
Year Ended December 31,
202120222023
Upward adjustments$— $9 $— 
Downward adjustments (including impairment)— (312)(101)
Total unrealized loss for non-marketable equity securities$— $(303)$(101)
The Company evaluates investments in non-marketable equity securities for impairment based on a qualitative assessment considering various impairment indicators. The Company determined impairment indicators existed as of December 31, 2023 for its investments in preferred shares of a grocery delivery platform company (the "investee"). The Company identified factors that raise significant concerns about the investee's ability to continue as a going concern, and as a result, recorded an impairment charge for the remainder of the carrying value of its investments in preferred shares of the investee of $100 million during the year ended December 31, 2023.
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, 2022 and 2023 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 consolidated statements of operations (in millions):
December 31,
20222023
Initial cost basis$427 $450 
Upward adjustments9 9 
Downward adjustments (including impairment)(312)(413)
Total carrying value at the end of reporting period$124 $46 
v3.24.0.1
Balance Sheet Components
 12 Months Ended
Dec. 31, 2023
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, 2022
 Cost or
Amortized
Cost		UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$886 $— $— $886 
Commercial paper3 — — 3 
Short-term marketable securities
Commercial paper306 — — 306 
Corporate bonds207 — (2)205 
U.S. government agency securities78 — (2)76 
U.S. Treasury securities970 — (13)957 
Long-term marketable securities
Corporate bonds146 — (1)145 
U.S. government agency securities44 — — 44 
U.S. Treasury securities210 — (2)208 
Total$2,850 $— $(20)$2,830 
 December 31, 2023
 Cost or
Amortized
Cost		UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$1,349 $— $— $1,349 
U.S. Treasury securities35 — — 35 
Short-term marketable securities
Certificates of deposit38 — — 38 
Commercial paper216 — — 216 
Corporate bonds290 — (1)289 
U.S. government agency securities162 — — 162 
U.S. Treasury securities717 1 (1)717 
Long-term marketable securities
Corporate bonds382 2 (1)383 
U.S. government agency securities55 — — 55 
U.S. Treasury securities144 1 — 145 
Total$3,388 $4 $(3)$3,389 
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, 2022 and 2023.
Property and Equipment, net
Property and equipment, net consisted of the following (in millions):
December 31, 2022December 31, 2023
Equipment for merchants$156 $167 
Computer equipment and software68 77 
Capitalized software and website development costs591 953 
Leasehold improvements164 217 
Office equipment52 66 
Construction in progress74 40 
Total1,105 1,520 
Less: Accumulated depreciation and amortization(468)(808)
Property and equipment, net$637 $712 
Depreciation expenses were $80 million, $113 million, and $126 million for the years ended December 31, 2021, 2022, and 2023, respectively.
The Company capitalized $202 million, $303 million, and $362 million in capitalized software and website development costs during the years ended December 31, 2021, 2022, and 2023, respectively. Capitalized software and website development costs are included in property and equipment, net on the consolidated balance sheets. Amortization of capitalized software and website development costs was $63 million, $157 million, and $256 million for the years ended December 31, 2021, 2022, and 2023, 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, 2022December 31, 2023
Litigation reserves$37 $75 
Sales tax payable and accrued sales and indirect taxes194 245 
Accrued operations related expenses220 331 
Accrued advertising124 112 
Dasher and merchant payable702 950 
Insurance reserves418 758 
Contract liabilities251 308 
Other386 347 
Total$2,332 $3,126 
v3.24.0.1
Leases
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases Leases
The Company leases its facilities under non-cancelable lease agreements which expire between 2024 and 2035. Certain of these arrangements have free rent, escalating rent payment provisions, lease renewal options, and tenant allowances. Under such arrangements, the Company recognizes a ROU asset and lease liability on the consolidated balance sheets. Lease costs are recognized on a straight-line basis over the non-cancelable lease term.
The components of lease costs related to the Company’s operating leases included in the consolidated statements of operations for the periods presented were as follows (in millions):
Year Ended December 31,
202120222023
Operating lease costs$52 $81 $108 
Short-term lease costs17 9 12 
Sublease income(3)(4)(3)
Total lease costs$66 $86 $117 
Lease terms and discount rates for operating leases were as follows:
December 31, 2022December 31, 2023
Weighted-average remaining lease term (in years)8.087.76
Weighted-average discount rate6.39%6.60%
Supplemental cash flow and non-cash information was as follows (in millions):
Year Ended December 31,
20222023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$75 $113 
ROU assets obtained in exchange for new lease liabilities
Operating leases$154 $85 
As of December 31, 2022 and 2023, the Company had entered into long term non-cancelable real estate lease contracts of $21 million and $66 million, respectively, for which leases have not yet commenced. Such leases are not included in the operating lease ROU assets and operating lease liabilities on the consolidated balance sheets.
As of December 31, 2023, the future minimum lease payments required under operating leases were as follows (in millions):
Year Ending December 31,Amount
2024$100 
202598 
202695 
202778 
202871 
Thereafter308 
Total future minimum lease payments750 
Less: Lease not commenced(66)
Less: Imputed interest(160)
Less: Tenant improvement receivable(2)
Present value of future minimum lease payments$522 
Future minimum sublease income as of December 31, 2023 is $6 million.
v3.24.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2023
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, data security, 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 consolidated balance sheets as of December 31, 2023. 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, 2022 and 2023.
Non-cancelable Purchase Commitments
The Company has non-cancelable purchase commitments, which primarily relate to the purchase of data processing, Software as a Service, and technology platform infrastructure. These purchase commitments are not recorded as liabilities on the consolidated balance sheets as of December 31, 2023 as the Company has not yet received the related services. As of December 31, 2023, the future minimum payments under the Company’s non-cancelable purchase commitments were as follows (in millions):
Year Ending December 31,
Amount
2024$214 
2025238 
2026202 
2027187 
202877 
Total future minimum payments$918 
Insurance Collateral
The Company is required to maintain $465 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 December 31, 2023, the Company had $465 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 provided for a $300 million unsecured revolving credit facility maturing on November 19, 2024. In August 2020, the Company amended and restated the revolving credit and guaranty agreement to provide for $100 million of incremental revolving loan commitments, effective upon consummation of the Company's initial public offering (the "IPO"), for total revolving commitments of $400 million. The amendment and restatement also extended the maturity date for the revolving credit facility from November 19, 2024 to August 7, 2025. As further amended on October 31, 2022, loans under the 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 credit agreement contains customary affirmative covenants, such as financial statement reporting requirements and restrictions on the use of proceeds, as well as customary negative covenants that restrict its ability and its subsidiaries’ ability to, among other things, incur additional indebtedness, incur liens, declare cash dividends or make certain other distributions, merge or consolidate with other companies or sell substantially all of its assets, make investments, loans and acquisitions, and engage in transactions with affiliates.
As of December 31, 2022 and 2023, the Company was in compliance with the covenants under the credit agreement. As of December 31, 2022 and 2023, 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, 2022 and 2023, the Company had $132 million and $138 million of issued letters of credit outstanding, respectively, of which $99 million and $115 million, respectively, were issued from the revolving credit and guaranty agreement.
Sales and Indirect Tax Matters
The Company is under audit by various state, local and foreign tax authorities with regard to sales and indirect tax matters. The Company records sales and indirect tax reserves as they become probable and the amount can be reasonably estimated. These reserves are included in accrued expenses and other current liabilities on the consolidated balance sheets. 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.
v3.24.0.1
Common Stock
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Common Stock Common Stock
Stock Repurchase Program
In February 2023, the Company authorized the repurchase of Class A common stock, in an aggregate amount of up to $750 million. During the year ended December 31, 2023, the Company repurchased 12.0 million shares of its Class A common stock at a weighted average price of $62.66 per share for a total amount of $750 million. The shares were retired immediately upon repurchase.
Restricted Stock
The Company has granted restricted stock to certain continuing employees in connection with the Wolt acquisition. 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, 2022472 
Granted— $— 
Vested(186)$76.91 
Forfeited(1)$76.91 
Unvested restricted stock as of December 31, 2023285 
Common Stock Reserved for Future Issuance
The following table summarizes the Company’s shares of common stock reserved for future issuance on an as-converted basis (in thousands):
December 31, 2022December 31, 2023
Stock options issued and outstanding under the 2014 Plan and Inducement Plan16,021 9,022 
RSUs outstanding under the 2014 Plan, 2020 Plan and Inducement Plan45,131 37,822 
Remaining shares available for future issuance39,995 50,137 
Shares available for issuance under the 2020 Employee Stock Purchase Plan6,499 6,499 
Total107,646 103,480 
2014 Equity Incentive Plan
In March 2014, the Company adopted the 2014 Stock Option Plan, as amended (the "2014 Plan"), which provided for the granting of stock options to employees, consultants, and advisors of the Company. Options granted under the 2014 Plan are either incentive stock options or nonqualified stock options. Options under the 2014 Plan were granted for a term of up to ten years (or five years if the option was an incentive stock option granted to a greater than 10% stockholder) and at prices no less than 100% of the estimated fair value of the shares on the date of grant as determined by the Company’s board of directors; provided, however, that the exercise price of an incentive stock option granted to a greater than 10%
stockholder could not be less than 110% of the estimated fair value of the shares on the date of grant. Options granted generally vest over four years.
The 2014 Plan allowed for the early exercise of options. Under the terms of the 2014 Plan, option holders, upon early exercise, were required to sign a restricted stock purchase agreement that gave the Company the right to repurchase any unvested shares, at the original exercise price, in the event the grantees’ employment terminated for any reason. The repurchase right lapses over time as the shares vest at the same rate as the original option vesting schedule. Stock-based awards forfeited, cancelled, or repurchased generally were returned to the pool of shares of common stock available for issuance.
In connection with the IPO, the 2014 Plan was terminated effective immediately prior to the effectiveness of the 2020 Equity Incentive Plan (the "2020 Plan") and the Company ceased granting any additional awards under the 2014 Plan. All outstanding awards under the 2014 Plan at the time of the termination of the 2014 Plan remain subject to the terms of the 2014 Plan, and any shares underlying stock options that expire or terminate or are forfeited or repurchased by the Company under the 2014 Plan were automatically transferred to the 2020 Plan.
2020 Equity Incentive Plan
In November 2020, the Company's board of directors adopted, and the Company's stockholders approved, the 2020 Plan, which became effective one business day prior to the effective date of the IPO registration statement. The 2020 Plan provides for the granting of incentive stock options, nonstatutory stock options, restricted stock, RSUs, stock appreciation rights, performance units, and performance shares for the Company's Class A common stock to the Company's employees, directors, and consultants. Stock-based awards under the 2020 Plan that expire or are forfeited, canceled, or repurchased generally are returned to the pool of shares of Class A common stock available for issuance under the 2020 Plan. In addition, the number of shares of the Company's Class A common stock reserved for issuance under the 2020 Plan will automatically increase on January 1 of each calendar year, starting on January 1, 2021 in an amount equal to the least of (i) 32,493,000 shares, (ii) five percent (5%) of the total number of all classes of common stock outstanding on December 31 of the fiscal year before the date of each automatic increase, or (iii) such other number of shares determined by the Company's board of directors prior to the applicable January 1.
The exercise price of the options granted under the 2020 Plan will at least be equal to the fair market value of the Company's Class A common stock on the date of grant. The options may be granted for a term of up to ten years (or five years if the option is an incentive stock option granted to a greater than 10% stockholder) and at prices no less than 100% of the fair market value of the shares on the date of grant, provided, however, that the exercise price of an incentive stock option granted to a greater than 10% stockholder shall not be less than 110% of the estimated fair value of the shares on the date of grant. Options granted under the 2020 Plan generally vest over four years.
2022 Inducement Equity Incentive Plan
In May 2022, the Company's board of directors adopted the 2022 Inducement Equity Incentive Plan (the “Inducement Plan”), pursuant to which the Company reserved 9,760,000 shares of Class A common stock to be used exclusively for grants of equity-based awards to individuals who were not previously employees or directors of the Company, as a material inducement to the individual’s entry into employment with the Company. The Inducement Plan permits the grant of nonstatutory stock options, restricted stock, RSUs, stock appreciation rights, performance units and performance shares. Shares that actually have been issued under the Inducement Plan under any award will not be returned to the Inducement Plan and will not become available for future distribution under the Inducement Plan; however, if shares issued pursuant to awards of restricted stock, RSUs, performance shares or performance units are repurchased by the Company or are forfeited to the Company due to failure to vest, such shares will become available for future grant under the Inducement Plan. Shares used to pay the exercise price of an award or to satisfy the tax withholding obligations related to an award will become available for future grant or sale under the Inducement Plan. The exercise price, term, and any other terms and conditions of the options granted under the Inducement Plan will be determined by the administrator of the plan.
RSUs
The Company granted RSUs that vest only upon the satisfaction of a service-based vesting condition, which is generally four years. Stock-based compensation expense is recognized on a straight-line basis over the requisite service period.
CEO Performance Award
In November 2020, the Company’s board of directors approved the grant of 10,379,000 RSUs to the CEO (the “CEO Performance Award”). The CEO Performance Award vests upon the satisfaction of a service condition and achievement of certain stock price goals. The CEO Performance Award is excluded from Class A common stock issued and outstanding until the satisfaction of these vesting conditions. The CEO Performance Award also provides the holder with certain stockholder rights, such as the right to vote the shares with the other holders of Class A common stock and a right to cumulative declared dividends. However, the CEO Performance Award is not considered a participating security for purposes of calculating net loss per share attributable to common stockholders as the right to the cumulative declared dividends is forfeitable if the service condition is not met.
The CEO Performance Award is eligible to vest beginning on the first trading day 18 months following the day Company’s IPO date, and expiring seven years after the IPO date. The CEO Performance Award comprises nine tranches that are eligible to vest based on the achievement of stock price goals, ranging from $187.60 to $501.00 per share, each of which are referred to as a Company Stock Price Target, measured over a consecutive 180-day trading period during the performance period as set forth below. This measurement period was designed to reward the CEO only if the Company achieved sustained growth in the stock price.
Company Stock 
Price Target		Number of RSUs
Eligible to Vest
1$187.60518,950
2$226.80518,950
3$265.801,037,900
4$305.001,037,900
5$344.001,037,900
6$383.001,556,850
7$422.201,556,850
8$461.201,556,850
9$501.001,556,850
The Company calculated the grant date fair value of the CEO Performance Award based on multiple stock price paths developed through the use of a Monte Carlo simulation model. A Monte Carlo simulation model also calculates a derived service period for each of the nine vesting tranches, which is the measure of the expected time to achieve each Company Stock Price Target. A Monte Carlo simulation model requires the use of various assumptions, including the underlying stock price, volatility, and the risk-free interest rate as of the valuation date, corresponding to the length of time remaining in the performance period, and expected dividend yield. The weighted-average grant date fair value of the CEO Performance Award was $39.8275 per share. The Company will recognize total stock-based compensation expense of $413 million over the derived service period of each tranche, which is between 2.53 to 4.42 years, using the accelerated attribution method as long as the CEO satisfies the service-based vesting condition. If the Company Stock Price Targets are met sooner than the derived service period, the Company will adjust its stock-based compensation to reflect the cumulative expense associated with the vested awards. Provided that Tony Xu continues to be the Company's CEO, the Company will recognize stock-based compensation expense over the requisite service period, regardless of whether the Company Stock Price Targets are achieved.
The Company recorded $112 million, $112 million, and $104 million of stock-based compensation expense related to the CEO Performance Award during the years ended December 31, 2021, 2022, and 2023, respectively. As of December 31, 2023, unrecognized stock-based compensation expense related to the CEO Performance Award was $73 million.
Stock Award Activities
A summary of activity under the 2014 Plan, 2020 Plan, and Inducement 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		Weighted-
Average
Remaining
Contractual
Term
(in years)		Aggregate
Intrinsic
Value
Balance as of December 31, 202216,021 $2.84 3.48$737 
Granted— $— 
Exercised(6,999)$0.87 $510 
Cancelled and forfeited— $— 
Balance as of December 31, 20239,022 $4.38 3.41$853 
Exercisable as of December 31, 20238,747 $4.39 3.43$827 
Vested and expected to vest as of December 31, 20239,022 $4.38 3.41$853 
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 securities exchange on which such shares were listed as of the respective year-end dates. The aggregate intrinsic value of stock options exercised during the years ended December 31, 2021, 2022, and 2023 was $2.3 billion, $451 million, and $510 million, respectively. The weighted-average grant date fair value of stock assumed via acquisition during the year ended December 31, 2022 was $72.99 per share. There were no stock options granted during the years ended December 31, 2021, 2022, and 2023.
The 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		Aggregate
Intrinsic
Value
Unvested RSUs as of December 31, 202244,805 $2,167 
Granted14,741 $65.06 
Vested(25)$74.53 
Vested and settled(16,420)$76.07 
Forfeited(5,309)$85.47 
Unvested RSUs as of December 31, 202337,792 $3,645 
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 securities exchange on which such shares were listed as of the respective year-end dates. The weighted-average fair value per share of RSUs granted and assumed via acquisition during the years ended December 31, 2021, 2022, and 2023 was $170.42, $74.16, and $65.06, respectively.
Stock-Based Compensation Expense
The Company estimated the fair value of stock options assumed via acquisition using the Black-Scholes option-pricing model. Key assumptions of the Black-Scholes valuation model are the risk-free interest rate, expected volatility, expected term and expected dividends. The Company determined the expected term of assumed in the money option awards considering vesting provisions, the expected exercise behavior, and contractual term of the awards. The risk-free interest rate is based on the yield available on U.S. Treasury zero-coupon issues similar in duration to the expected term of the stock option awards. The Company developed the expected volatility using the average volatility of its Class A common stock and the stocks of a peer group of similar publicly traded peer companies. The Company utilized a dividend yield of zero, as it had no history or plan of declaring dividends on its common stock.
There were no stock options granted during the years ended December 31, 2021, 2022, and 2023, except for the options assumed via acquisition in 2022. The assumptions used to estimate the fair value of stock options assumed via acquisition for the periods presented were as follows:
Year Ended December 31,
202120222023
Expected volatility—69.13%—
Risk-free rate—2.29%—
Dividend yield———
Expected term (in years)—1.69—
The Company recorded stock-based compensation expense in the consolidated statements of operations as follows (in millions):
Year Ended December 31,
202120222023
Cost of revenue, exclusive of depreciation and amortization$46 $102 $139 
Sales and marketing52 98 119 
Research and development182 365 466 
General and administrative206 313 364 
Restructuring charges— 11 — 
Total stock-based compensation expense$486 $889 $1,088 
As of December 31, 2023, there was $7 million of unrecognized stock-based compensation expense related to unvested stock options, which is expected to be recognized over a weighted-average period of 1.95 years.
As of December 31, 2023, there was $1.9 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 2.36 years.
2020 Employee Stock Purchase Plan
The Company's board of directors adopted, and the Company's stockholders approved, the 2020 Employee Stock Purchase Plan (the "ESPP"), which became effective on the business day immediately prior to the effectiveness of the IPO. A total of 6,498,600 shares of Class A common stock were initially reserved for sale under the ESPP. The number of shares of Class A common stock available for issuance under the ESPP will be increased on the first day of each fiscal year beginning with the fiscal year following the fiscal year in which the first enrollment date (if any) occurs equal to the least of (i) 6,498,600 shares of Class A common stock, (ii) one and one-half percent (1.5%) of the outstanding shares of all classes of common stock on the last day of the immediately preceding fiscal year, or (iii) an amount determined by the administrator of the ESPP.
The ESPP includes two components: a component that allows the Company to make offerings intended to qualify under Section 423 of the Code and a component that allows the Company to make offerings not intended to qualify under Section 423 of the Code to designated companies. Subject to any limitations contained therein, the ESPP allows eligible employees to contribute (in the form of payroll deductions or otherwise to the extent permitted by the administrator) an amount established by the administrator from time to time in its discretion to purchase Class A common stock at a discounted price per share.
As of December 31, 2022 and 2023, there had been no offering period or purchase period under the ESPP, and no such period will begin unless and until determined by the administrator.
v3.24.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The components of income (loss) before income taxes were as follows (in millions):
 
Year Ended December 31,
 202120222023
United States$(461)$(991)$259 
Foreign(2)(408)(793)
Loss before income taxes$(463)$(1,399)$(534)
The components of provision for (benefit from) income taxes were as follows (in millions):
Year Ended December 31,
202120222023
Current
Federal$— $— $6 
State3 — 9 
Foreign1 4 17 
Total
$4 $4 $32 
Deferred
Federal1 — 1 
State1 1 — 
Foreign(1)(36)(2)
Total
1 (35)(1)
Total provision for (benefit from) income taxes$5 $(31)$31 
The items accounting for differences between income taxes computed at the federal statutory rate and the provision (benefit) recorded for income taxes were as follows (in millions):
Year Ended December 31,
202120222023
Income taxes computed at the federal statutory rate$(97)$(294)$(112)
State taxes, net of federal benefits3 — 7 
Tax impact of foreign earnings and losses 1 55 181 
Change in valuation allowance839 179 47 
Stock-based compensation(597)6 (59)
Research and development credits(150)22 (44)
Non-deductible expenses6 14 9 
Other— (13)2 
Provision for (benefit from) income taxes$5 $(31)$31 
The components of deferred tax assets and liabilities were as follows (in millions):
December 31,
20222023
Deferred tax assets
Net operating losses$660 $697 
Tax credits 209 245 
Capitalized research and development619 691 
Stock-based compensation74 43 
Lease liabilities115 122 
Accruals and reserves132 234 
Other 88 103 
Total gross deferred tax assets1,897 2,135 
Less: Valuation allowance(1,655)(1,858)
Total deferred tax assets net of valuation allowance242 277 
Deferred tax liabilities
Property and equipment and intangible assets(134)(144)
Lease assets (94)(98)
Deferred contract costs(17)(38)
Total gross deferred tax liabilities(245)(280)
Net deferred tax liabilities$(3)$(3)
Due to the weight of objectively verifiable negative evidence, including its history of losses, the Company’s deferred tax assets have been fully offset by a valuation allowance, with the exception of certain foreign jurisdictions. Overall, the
valuation allowance increased by $1.0 billion, $257 million, and $203 million in the years ended December 31, 2021, 2022, and 2023, respectively.
As of December 31, 2023, the Company had accumulated U.S. federal and state net operating loss carryforwards of $1.7 billion and $1.2 billion, respectively. Federal net operating losses carry forward indefinitely. Of the $1.2 billion of state net operating losses, $191 million is carried forward indefinitely. The remaining state net operating loss carryforwards will begin to expire in 2024. As of December 31, 2023, the Company had foreign net operating loss carryforwards of $1.3 billion that begin to expire in 2025.
The Company also had $278 million and $146 million of federal and state research and development tax credit carryforwards, respectively, as of December 31, 2023. The federal research and development tax credits expire in varying amounts starting in 2033. The California research credits do not expire and may be carried forward indefinitely.
The Company’s ability to utilize the net operating loss and tax credit carryforwards in the future may be limited in the event of past or future ownership changes as defined in Section 382 and 383 of the Internal Revenue Code of 1986, as amended, and similar state tax law. Based on the most recent analysis, the Company does not anticipate a current limitation on the tax attributes under Section 382 and 383.
The Company intends to invest substantially all of its foreign subsidiary earnings, as well as its capital in its foreign subsidiaries, indefinitely in those jurisdictions in which the Company could incur significant, additional costs upon repatriation of such amounts.

Unrecognized Tax Benefits
A reconciliation of the beginning and ending balance of gross unrecognized tax benefits is included in the table below (in millions):
Year Ended December 31,
202120222023
Unrecognized tax benefits at beginning of year$7 $69 $69 
Increases related to current year tax positions62 19 47 
Increases related to prior year tax positions— — 67 
Decreases related to prior year tax positions— (19)— 
Unrecognized tax benefits at end of year$69 $69 $183 
The Company had $183 million of gross unrecognized tax benefits as of December 31, 2023, the majority of which would not impact its effective tax rate if recognized due to the Company's valuation allowance. The Company does not anticipate that the amount of unrecognized tax benefits relating to tax positions existing at December 31, 2023 will significantly increase or decrease within the next 12 months.
The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits within provision for (benefit from) income taxes, which were immaterial for the periods presented.
The Company is subject to taxation in the U.S. and various state and foreign jurisdictions. The material jurisdictions in which the Company operates include the United States and Finland. The Company’s 2013 and subsequent tax years remain open to examination by the U.S. Internal Revenue Service. The Company’s 2017 and subsequent tax years remain open to examination in Finland.
v3.24.0.1
Net Loss per Share Attributable to DoorDash, Inc. Common Stockholders
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Loss per Share Attributable to DoorDash, Inc. Common Stockholders Net Loss per Share Attributable to DoorDash, Inc. Common Stockholders
The Company computes net 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 losses.
The following table sets forth the calculation of basic and diluted net loss per share attributable to DoorDash, Inc. common stockholders during the periods presented. RSUs that vested but have not been settled are included in the denominator in
calculating net loss per share for the years ended December 31, 2021, 2022, and 2023 (in millions, except share amounts which are reflected in thousands, and per share data):
 Year Ended December 31,
 202120222023
 Class AClass BClass AClass BClass AClass B
Net loss including redeemable non-controlling interests$(424)$(44)$(1,260)$(108)$(525)$(40)
Less: Net loss attributable to redeemable non-controlling interests— — (3)— (7)— 
Net loss attributable to DoorDash, Inc.
common stockholders		$(424)$(44)$(1,257)$(108)$(518)$(40)
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, basic and diluted305,500 31,347 342,015 29,398 365,340 27,608 
Net loss per share attributable to DoorDash, Inc. common stockholders, basic and diluted$(1.39)$(1.39)$(3.68)$(3.68)$(1.42)$(1.42)
The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share because including them would have had an anti-dilutive effect, or 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):
 
As of December 31,
 202120222023
Stock options to purchase common stock19,115 16,021 9,022 
Unvested restricted stock and restricted stock units27,518 45,172 38,072 
Escrow shares— 2,012 72 
Total46,633 63,205 47,166 
v3.24.0.1
Employee Benefit Plans
 12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
401(k) Plan

The Company has a 401(k) Plan that qualifies as a deferred salary arrangement under Section 401 of the Internal Revenue Code of 1986, as amended. Under the 401(k) Plan, eligible and participating employees may defer a portion of their pretax earnings not to exceed the maximum amount allowable. In 2023, the Company began to make discretionary matching contributions to those participating employees who met certain employment criteria. The Company's matching contributions to the plan was not material for the year ended December 31, 2023.
Defined Benefit Plan
Employees based in Finland are covered under the Finnish Employees’ Pension Act (“TyEL”). TyEL is a statutory private sector pension act that is partly funded and paid through a pay-as-you-go pool. The Old-age Pension and Disability Pension benefits of TyEL are classified as postretirement benefits under defined benefit plan accounting standards and based on an actuarial valuation. The Old-age Pension liability for active employees includes the effect of future salary increases. The Disability Pension liability for active employees is based on employees' total salary two years before the fiscal year.
Net periodic benefit cost is reflected in the accompanying consolidated statements of operations. Service cost is reflected in total costs and expenses. Other components of net periodic benefit cost, including interest cost and amortization of actuarial gains and losses, is included in other (expense) income, net. Actuarial gains and losses resulting from remeasurement are initially recognized in accumulated other comprehensive income and subsequently recognized in the consolidated statements of operations.
v3.24.0.1
Variable Interest Entities
 12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entities Variable Interest Entities
On July 1, 2022, the Company formed a joint venture with a retail partner in Canada with the objective of providing on-demand delivery of grocery and convenience items to customers in Canada (the "JV"). The Company owns a majority interest in the JV.
In connection with the formation of the JV, the Company had committed to contribute cash and certain assets worth $98 million Canadian dollars (approximately $75 million US dollars) over three years. Upon the closing of the transaction,
the Company contributed cash and certain assets of $41 million Canadian dollars (approximately $32 million US dollars). Additional capital contributions will be made in a manner that preserves the ownership percentage of each shareholder.
The common units held by the Company in the JV were determined to be a variable interest. The Company is the primary beneficiary because the Company has the power to direct the activities that most significantly impact the performance of the JV. As a result, the Company consolidates the assets and liabilities of the JV.
Total assets of the JV included on the consolidated balance sheet as of December 31, 2022 and 2023 were $68 million and $39 million, respectively. Total liabilities of the JV included on the consolidated balance sheets as of December 31, 2022 and 2023 were $17 million and $11 million, respectively.
The JV’s assets may only be used to settle the JV’s obligations and may not be used for other consolidated entities. The JV’s liabilities are non-recourse to the general credit of the Company’s other consolidated entities.
As of December 31, 2022 and 2023, the minority shareholder’s ownership in the JV is classified as redeemable non-controlling interest, because it is redeemable on an event that is not solely in the Company’s control. The redeemable non-controlling interest is not accreted to redemption value because it is currently not probable that the non-controlling interest will become redeemable. Total redeemable non-controlling interest was $14 million and $7 million as of December 31, 2022 and 2023, respectively. Net loss attributable to redeemable non-controlling interest was $3 million and $7 million for the years ended December 31, 2022 and 2023.
v3.24.0.1
Restructuring
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
On November 30, 2022, the Company committed to a reduction in workforce (the “Plan”) intended to better align the Company’s talent with its strategic priorities and to improve operating efficiency. The Plan included the elimination of approximately 1,250 positions across the Company, or approximately 7% of the Company’s current employee workforce at such time.
During the year ended December 31, 2023, the Company recognized an additional $2 million in connection with the Plan, primarily consisting of separation-related payments and other termination benefit costs. These expenses are included in restructuring charges in the Company's consolidated statements of operations.
During the year ended December 31, 2023, the Company made cash payments amounting to $50 million in connection with the Plan. As of December 31, 2023, the remaining liabilities related to the plan were immaterial.
v3.24.0.1
Subsequent Events
 12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
In February 2024, the Company announced the authorization of a share repurchase program for the repurchase of shares of Class A common stock, in an aggregate amount up to $1.1 billion. Repurchases may be made from time to time through open market purchases or through privately negotiated transactions subject to market conditions, applicable legal requirements, and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 of the Exchange Act. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of our Class A common stock under this authorization. The timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.
v3.24.0.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure      
Net Income (Loss) $ (558) $ (1,365) $ (468)
v3.24.0.1
Insider Trading Arrangements
 3 Months Ended 12 Months Ended
Dec. 31, 2023
shares
Dec. 31, 2023
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  
Ravi Inukonda [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On December 8, 2023, the ST Trust under agreement dated October 2, 2019, a stockholder whose shares may be deemed to be beneficially owned by Stanley Tang, our co-founder and a member of our board of directors, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 600,000 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 February 28, 2025, or earlier if all transactions under the trading arrangement are completed.
Stanley Tang [Member]    
Trading Arrangements, by Individual    
Name Stanley Tang  
Title co-founder and a member of our board of directors  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 8, 2023  
Arrangement Duration 448 days  
Aggregate Available 600,000 600,000
v3.24.0.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying 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”). All intercompany balances and transactions have been eliminated in consolidation.
Reclassifications
Reclassifications
Certain amounts from prior periods have been reclassified to conform to the current period presentation.
Segments
Segments
Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is the Company’s 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.
Use of Estimates
Use of Estimates
The preparation of 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, insurance reserves, loss contingencies, and income and indirect taxes. Actual results could differ from these estimates.
Business Combinations
Business Combinations
The Company accounts for business combinations using the acquisition method of accounting, which requires, among other things, allocation of the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed at their estimated fair values on the acquisition date. The excess of the fair value of purchase consideration over the values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair value of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to the valuation of intangible assets. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, not to exceed one year from the date of acquisition, the Company may record adjustments to the assets acquired and liabilities assumed, with a corresponding offset to goodwill if new information is obtained related to facts and circumstances that existed as of the acquisition date. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are reflected in the consolidated statements of operations. Acquisition costs, such as legal and consulting fees, are expensed as incurred.
Cash, Cash Equivalents and Restricted Cash
Cash, Cash Equivalents, and Restricted Cash
Cash includes demand deposits with banks or financial institutions as well as cash in transit from payment processors. Cash equivalents include short-term, highly liquid investments with original maturities of three months or less and their carrying values approximate fair value due to their short-term maturities. Restricted cash consists of bank accounts that are legally restricted for use, including collateral provided for letters of credit established primarily for real estate leases and insurance policies.
Cash, Cash Equivalents and Restricted Cash
Cash, Cash Equivalents, and Restricted Cash
Cash includes demand deposits with banks or financial institutions as well as cash in transit from payment processors. Cash equivalents include short-term, highly liquid investments with original maturities of three months or less and their carrying values approximate fair value due to their short-term maturities. Restricted cash consists of bank accounts that are legally restricted for use, including collateral provided for letters of credit established primarily for real estate leases and insurance policies.
Marketable Securities
Marketable Securities
Marketable securities primarily consist of certificates of deposit, commercial paper, U.S. government agency securities, U.S. Treasury securities, and corporate bonds. The Company invests in a diversified portfolio of marketable securities and limits the concentration of its investment in any particular security. Securities with maturities greater than three months, but less than one year, are included in current assets and securities with maturities greater than one year are included in non-current assets on the consolidated balance sheets. All marketable securities are classified as available-for-sale and reported at fair value.
If the estimated fair value of an available-for-sale debt security is below its amortized cost basis, then the Company evaluates the security for impairment. The Company considers its intent to sell the security or whether it is more likely than not that it will be required to sell the security before recovery of its amortized basis. If either of these criteria are met, the debt security’s amortized cost basis is written down to fair value through other expense, net in the consolidated statements of operations. If neither of these criteria are met, the Company evaluates whether unrealized losses have resulted from a credit loss or other factors. The factors considered in determining whether a credit loss exists can include the extent to which fair value is less than the amortized cost basis, changes to the rating of the security by a rating agency, any adverse conditions specifically related to the security, as well as other factors. An impairment relating to credit losses is recorded through an allowance for credit losses reported in other expense, net in the consolidated statements of operations. The allowance is limited by the amount that the fair value of the debt security is below its amortized cost basis. When a credit loss exists, the Company compares the present value of cash flows expected to be collected from the debt security with the amortized cost basis of the security to determine what allowance amount, if any, should be recorded. As of December 31, 2022 and 2023, no allowance of credit losses related to marketable securities was recorded. Unrealized losses not resulting from credit losses are recorded through accumulated other comprehensive income (loss).
Funds Held at Payment Processors
Funds Held at Payment Processors
Funds held at payment processors represent cash due from the Company’s payment processors for transactions with merchants and consumers, as well as funds transferred to payment processors for Dasher payout.
Accounts Receivable, Net and Allowance for Credit Losses
Accounts Receivable, Net and Allowance for Credit Losses
Accounts receivable, net primarily represents receivables from merchants that were generated through the Company’s Drive and Marketplace related offerings. The Company maintains an allowance for credit losses, which is based on the Company’s assessment of the collectability of accounts. The Company regularly reviews the adequacy of the allowance for credit losses on a collective basis by considering the age of each outstanding invoice, each customer’s expected ability to pay and collection history, current market conditions, and reasonable and supportable forecasts of future economic conditions to determine whether the allowance is appropriate. Accounts receivable deemed uncollectible are charged against the allowance for credit losses when identified.
Property and Equipment, Net
Property and Equipment, Net
Property and equipment are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the related assets. The useful lives are as follows:
   Estimated Useful Life
Equipment for merchants  2 years
Computer equipment and software  2 years
Office equipment  5 years
Capitalized software and website development costs  2 years
Leasehold improvements  Shorter of estimated useful life or lease term
Maintenance and repair costs are charged to expense as incurred. Upon disposal of a fixed asset, the Company records a gain or loss based on the difference between the proceeds received and the net book value of the disposed asset.
Goodwill and Intangible Assets
Intangible Assets, Net
Intangible assets are recorded at fair value as of the date of acquisition and amortized on a straight-line basis over their estimated useful lives. The Company reviews identifiable amortizable intangible assets for impairment under the long-lived asset model described under “Impairment of Long-Lived Assets” below.
Goodwill
Goodwill represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired in a business combination. Goodwill is not amortized, but is tested for impairment at least annually or more frequently if events or changes in circumstances indicate that the asset may be impaired. The Company’s impairment tests are based on a single operating segment and reporting unit structure. If the carrying value of the reporting unit exceeds its fair value, an impairment charge is recognized for the excess of the carrying value of the reporting unit over its fair value.
The Company conducted its annual goodwill impairment test during the fourth quarter of 2023 and determined that the fair value of the reporting unit significantly exceeded its carrying value. No goodwill impairment charge was recorded in any of the periods presented in the accompanying consolidated financial statements.
Capitalized Software and Website Development Costs
The Company incurred costs relating to the development of the Company’s technology platform, which includes Dasher and merchant tools, mobile apps, and website and content development. Software development costs related to software acquired, developed, or modified solely to meet the Company’s internal requirements, with no substantive plans to market such software at the time of development, are capitalized during the application development stage of the project. Costs
incurred during the preliminary planning and evaluation stage of the project and during the post implementation operational stage are expensed as incurred. Costs to develop the Company’s technology platform are capitalized when preliminary development efforts are successfully completed, management has authorized and committed project funding, and it is probable that the project will be completed and the software will be used as intended. Costs incurred for enhancements that are expected to result in additional functionality are capitalized and expensed over the estimated useful life of the upgrades on a per project basis.
Non-Marketable Equity Securities
Non-Marketable Equity Securities
Non-marketable equity securities which the Company does not have a controlling financial interest in and does not exercise significant influence over the investee are recorded at cost and adjusted for observable transactions for same or similar investments of the same issuer or impairment (referred to as the measurement alternative).
The carrying value is not adjusted for the Company’s non-marketable equity securities if there are no observable price changes in a same or similar security from the same issuer or if there are no identified events or changes in circumstances that may indicate impairment.
Impairment of Long-Lived Assets
Impairment of Long-Lived Assets
The Company evaluates its long-lived assets or asset groups for indicators of possible impairment by comparison of the carrying amount to future net undiscounted cash flows expected to be generated by such asset or asset group when events or changes in circumstances indicate the carrying amount of an asset or asset group may not be recoverable. Should an impairment exist, the impairment loss would be measured based on the excess carrying value of the asset or asset group over the asset’s or asset group’s fair value generally determined by estimates of future discounted cash flows. Assets to be disposed of are reported at the lower of their carrying amount or fair value less costs to sell
Insurance Reserves
Insurance Reserves
The Company utilizes third-party insurance which include retained insurance deductibles to insure costs including auto liability related to both bodily injury and physical damage, and uninsured and underinsured motorists up to a certain dollar retention limit. The recorded insurance reserves reflect the estimated cost for claims incurred but not paid and claims that have been incurred but not yet reported. The estimate of the Company’s ultimate deductible obligation utilizes actuarial techniques applied to historical claim and loss experience. The Company utilizes assumptions based on actuarial judgments with consideration toward claim and loss development factors, which includes the development time frame and settlement patterns, and expected loss rates. Reserves are periodically reviewed and adjusted as necessary as experience develops or new information becomes known. However, ultimate results may differ from the Company’s estimates, which could result in losses over the Company’s reserved amounts.
Loss Contingencies
Loss Contingencies
The Company is involved in various lawsuits, claims, investigations, and proceedings that arise in connection with its business. Certain of these matters include speculative claims for substantial or indeterminate amounts of damages. The Company records a liability in accrued expenses and other current liabilities on the consolidated balance sheets when the Company believes that it is both probable that a loss has been incurred and the amount or range can be reasonably estimated. The Company discloses material contingencies when it believes that a loss is not probable but reasonably possible. Significant judgment is required to determine both probability and the estimated amount. The Company reviews these provisions on a quarterly basis and adjusts these provisions accordingly to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and updated information.
Sales and Indirect Taxes
Sales and Indirect Taxes
The Company records sales and indirect tax liabilities when they become probable and the amount can be reasonably estimated. Sales and indirect tax liabilities are included in accrued expenses and other current liabilities on the consolidated balance sheets.
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) primarily consists of foreign currency translation adjustments and unrealized gains and losses on available-for-sale marketable securities. The financial statements of the Company’s foreign subsidiaries are translated from their functional currency, which is typically the local currency, into U.S. dollars. Assets and liabilities are translated at period end rates of exchange, and revenue and expenses are translated using average monthly exchange rates. The resulting gain or loss is included in accumulated other comprehensive income (loss) on the consolidated balance sheets.
Available-for-sale securities are reported at fair value, with unrealized gains and losses included as a separate component of stockholders’ equity within accumulated other comprehensive income (loss).
Stock-Based Compensation
Stock-Based Compensation
The fair value of restricted stock and RSUs is estimated based on the fair value of the Company’s common stock on the date of grant. With the exception of the CEO Performance Award and options assumed via acquisition (as discussed further in Note 10 - "Common Stock"), the Company only granted RSUs that vest upon the satisfaction of a service-based vesting condition and the compensation expense for these RSUs is recognized on a straight-line basis over the requisite service period.
For the CEO Performance Award (as discussed below in Note 10 - "Common Stock"), that includes a market condition, the fair value of the award was determined using a Monte Carlo simulation model. The associated stock-based compensation is recorded over the derived service period, using the accelerated attribution method. If the stock price goals are met sooner than the derived service period, the Company will adjust the stock-based compensation expense to reflect the cumulative expense associated with the vested award. Provided that Tony Xu continues to be the Chief Executive Officer of the Company, stock-based compensation expense is recognized over the requisite service period, regardless of whether the stock price goals are achieved.
The Company records forfeitures when they occur for all share-based payment awards.
Income Taxes
Income Taxes
The Company accounts for income taxes using the asset and liability method. Under this method, deferred income tax assets and liabilities are recorded based on the estimated future tax effects of differences between the financial statement and income tax basis of existing assets and liabilities. These differences are measured using the enacted statutory tax rates that are expected to apply for the years in which differences are expected to reverse. The Company recognizes the effect on deferred income taxes of a change in tax rates in the period that includes the enactment date. The Company records a valuation allowance to reduce its deferred tax assets to the net amount that it believes is more-likely-than-not to be realized. Management considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future income, and other relevant factors. Our judgment regarding levels of future profitability are consistent with plans and estimates used to manage the business, however actual operating results in future years could differ from our current assumptions, judgments and estimates. Should there be a change in the ability to recover deferred tax assets, our income tax provision would increase or decrease in the period in which the assessment is changed.
The Company operates in various tax jurisdictions and is subject to audit by tax authorities. The Company recognizes the tax benefit of an uncertain tax position only if it is more-likely-than-not that the position is sustainable upon examination by the taxing authority, based on the technical merits. The tax benefit recognized is measured as the largest amount of benefit which is greater than 50% likely to be realized upon settlement with the taxing authority. We consider many factors when evaluating our tax positions and estimating our tax benefits, which may require periodic adjustments. Due to uncertainties in any tax audit outcome, our estimates of the ultimate settlement of our unrecognized tax positions may change and the actual tax benefit may differ significantly from the estimates. The Company recognizes interest accrued and penalties related to unrecognized tax benefits in the provision for income taxes.
Fair Value
Fair Value
The Company measures certain assets and liabilities at fair value on a recurring basis based on an expected exit price, which represents the amount that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability.
The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis, whereby inputs used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value:
Level 1Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3Unobservable inputs reflecting the Company’s own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.
The carrying amounts of certain of the Company’s financial instruments, which include cash equivalents, accounts receivable, accounts payable, and accrued expenses and other current liabilities approximate their fair values due to their short maturities.
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.
Concentration of Credit Risk
Concentration of Credit Risk
The Company’s cash, cash equivalents, marketable securities, funds held at payment processors, and accounts receivable are potentially subject to concentration of credit risk. Although the Company deposits its cash with multiple financial institutions, the deposits, at times, may exceed federally insured limits. Management believes that the institutions are financially stable and, accordingly, minimal credit risk exists. The Company limits purchases of debt securities to investment-grade securities. The Company has not experienced any significant credit losses historically.
The Company relies on a limited number of third parties to provide payment processing services (“payment processors”) including collecting amounts due from end-users and processing Dasher payouts. Payment processors are financial institutions or credit card companies that the Company believes are of high credit quality. The Company retains the risk of collecting such amounts from the payment processors, which are included in funds held at payment processors for the unsettled portion at each period end. The portion of the payments to be remitted to Dashers and merchants is included in accrued expenses and other current liabilities. Although the Company pre-authorizes forms of payment to mitigate its exposure, the Company absorbs all credit card losses.
Accounts receivable, net primarily represents receivables from merchants that were generated through the Company’s Drive and Marketplace related offerings.
Revenue Recognition
Revenue Recognition
The Company recognizes revenue in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with its Customers. The Company generates a substantial majority of its revenue from orders completed through its Marketplaces and the related commissions charged to partner merchants and fees charged to consumers. A partner merchant represents a merchant that has entered into a contractual agreement with the Company. Revenue from the Marketplaces is recognized at the point in time when the consumer obtains control of the merchant’s products. The Company also generates revenue from membership fees paid by consumers for DashPass and Wolt+, which is recognized as part of the Marketplaces. Revenue generated from the Company’s DashPass and Wolt+ memberships is recognized on a ratable basis over the contractual period, which is generally one month to one year depending on the type of membership purchased by the consumer. In addition, the Company also generates revenue from its Drive offering by collecting per-order fees from merchants that use its local commerce platform to arrange for delivery services that fulfill demand generated through their own channels. Revenue from Drive is recognized at the point in time when the consumer obtains control of the merchant’s products.
When determining the appropriate accounting for the fees collected in exchange for the use of the Company’s local commerce platform, the Company considered its contractual arrangements with the parties involved as well as its customary business practices. Under the Company’s agreements with partner merchants, the Company agrees to a commission to be earned as a percentage of the total dollar value of goods ordered. When a consumer signs up to use the Company’s local commerce platform, the consumer agrees to be charged certain fees, at the time an order is placed, in exchange for use of the platform. The Company has concluded that a contract exists between the Company and a partner merchant when the partner merchant accepts each consumer’s order, and a contract exists between the Company and a consumer when the consumer places the order and requests delivery services. The duration of a contract is typically equal to the time between when the order is placed and a Dasher picks up the food from the merchant. Contracts including variable consideration with partner merchants were not material for the periods presented.
The Company’s local commerce platform facilitates orders between consumers and partner merchants. Separately, the Company’s platform arranges for consumers to obtain delivery service from Dashers. The Company has determined that the order facilitation service and delivery facilitation service are distinct performance obligations and has therefore considered whether it is a principal or agent separately for each of these items. The order facilitation service and the
delivery facilitation service are distinct given that the consumer can benefit from each item separately. Further, the order facilitation service and delivery facilitation service are separately identifiable as the nature of the promises are to transfer the order facilitation service and delivery facilitation service individually, rather than as a combined item.
Principal vs. Agent Considerations
Judgment is required in determining whether the Company is the principal or the agent in transactions with partner merchants, consumers, and Dashers. As it relates to the accounting for order facilitation services and delivery facilitation services, the Company evaluated whether to present revenue on a gross versus net basis based on whether it controls each specified good or service before it is provided to the consumer in Marketplace transactions.
With respect to order facilitation services, the Company has determined it is an agent for partner merchants in facilitating the sale of products to the consumer through its Marketplaces. The consumer accesses the Company’s local commerce platform to identify merchants and places an order for merchants’ products. These orders are picked up from partner merchants and delivered to consumers by Dashers. The Company does not control the products prior to them being transferred to the consumer as it neither has the ability to redirect the products to another consumer nor does it obtain any economic benefit from the products.
With respect to the vast majority of its delivery facilitation services, the Company has determined it is acting as an agent for the consumer in facilitating the delivery of products by connecting consumers with Dashers. As the Company’s role with the delivery facilitation service is only to arrange for a delivery opportunity to be offered to prospective Dashers, it does not control how the delivery service is ultimately provided to the consumer.
In the vast majority of its transactions with end-users, the Company is an agent in facilitating the sale of products and delivery services, thus the Company reports revenue on a net basis, reflecting amounts collected from consumers, less amounts remitted to merchants and Dashers.
Dasher payout represents the amounts paid to Dashers for deliveries, including incentives and tips, except for certain referral bonuses. From time to time, Dashers may request an earlier payment settlement in exchange for a reduction in Dasher payout. The amounts payable to merchants and Dashers are included in accrued expenses and other current liabilities on the consolidated balance sheets as payments are typically settled on a weekly basis.
The Company recognizes revenue from both partner merchants and consumers for each successfully completed transaction. The Company satisfies its performance obligations to a partner merchant when there is a successful sale of the merchant’s products and meets its performance obligation to a consumer once the Dasher has picked up the products from the merchant for delivery to the consumer.
The Company also provides value-add services to merchants. These services are generally considered separate performance obligations and revenue is recognized over the period in which services are provided. Revenue generated from such services is not material in all periods presented.
Gift Cards
The Company sells gift cards to consumers that can be redeemed through the Marketplaces. The majority of gift cards sold have no expiration date and administrative fees are not charged on unused gift cards. In prior periods, with limited history as to consumers' redemption patterns, proceeds from the sale of gift cards were fully deferred and recorded as contract liabilities until consumers used the card to place orders on its platform. When gift cards 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. During the year ended December 31, 2021, the Company concluded that it had developed sufficient historical evidence regarding the pattern of consumer redemptions of gift cards to have the ability to estimate the portion of outstanding gift cards that will never be redeemed (“breakage”) and for which there is no legal obligation to remit the value of the unredeemed gift cards to the relevant jurisdiction as unclaimed or abandoned property. The Company recognizes the breakage amounts as revenue, proportionate to the pattern of revenue recognition for the gift card redemptions. The Company recorded $48 million, $47 million and $41 million of gift card breakage revenue during the years ended December 31, 2021, 2022, and 2023, respectively. Estimating future breakage rates requires judgment based on current and historical patterns of redemption, and the actual breakage rates may vary from the estimate. For jurisdictions where gift cards have expiration dates, the Company recognizes breakage when they expire.
Refunds and Credits
From time to time the Company issues credits or refunds to merchants and consumers to ameliorate issues that may arise with orders. The Company accounts for such refunds as variable consideration and therefore records the amount of each refund or credit issued as a reduction of revenue.
Incentive Programs
The Company offers incentives to attract consumers and Dashers to use its local commerce platform. Consumers typically receive credits or discounted delivery fees while Dashers typically receive cash incentives. Each of the incentives are described below.
Consumer Promotions
The Company uses promotions in tandem with sales and marketing spend to attract new consumers to its platform. Promotions offered to consumers are primarily recorded as a reduction of revenue and include the following:
New consumer incentives: The Company records discounts and incentives provided to new consumers as a promotion and reduces revenue on the date that the corresponding revenue transaction is recorded.
Consumer referrals: The Company offers referral credits to its existing consumers for referrals of new consumers. These referral credits are paid in exchange for a distinct marketing service and therefore the portion of these credits that is equal to or less than the fair value of acquiring a new consumer are accounted for as a consumer acquisition cost. These new consumer acquisition costs are expensed as incurred and reflected as sales and marketing expenses in the Company’s consolidated statements of operations. The portion of these credits in excess of the fair value of acquiring a new consumer is accounted for as a reduction of revenue.
Existing consumer incentives: On occasion, the Company offers promotional discounts to existing consumers. The Company records incentives provided to existing consumers as a promotion and reduces revenue on the date that the corresponding revenue transaction is recorded.
Dasher Incentives and Referrals
The Company offers various incentives to Dashers, which are primarily recorded within Dasher payout and reduce revenue. These are offered in various forms and include:
Peak pay: The Company makes additional payments to Dashers to incentivize them to accept delivery opportunities during peak demand time.
Dasher referrals: The Company offers referral bonuses to referring Dashers, as well as to referred Dashers, once the new Dasher has met certain qualifying conditions. The Company expenses the fair value of payments made to the referring Dashers as incurred in sales and marketing expenses in the consolidated statements of operations, since the marketing of the Company’s platform to acquire new Dashers represents a distinct benefit to the Company. The portion of these referral bonuses in excess of the fair value of payments made to the referring Dashers is accounted for as a reduction of revenue. Payments made to the referred Dashers are recorded within Dasher payout and reduce revenue at the time the corresponding revenue transaction is recorded.
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 consolidated balance sheets, is primarily comprised 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 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 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 consolidated statements of operations.
Advertising Expense
Advertising Costs
Advertising costs are expensed when incurred and are included in sales and marketing expenses in the consolidated statements of operations.
Net Loss Per Share Attributable to Common Stockholders
Net Loss Per Share Attributable to Common Stockholders
The Company computes net loss per common share following the two-class method required for multiple classes of common stock and participating securities. The Company considers its previously outstanding redeemable convertible preferred stock to be participating securities. The two-class method requires income (loss) available to DoorDash, Inc. common stockholders for the period to be allocated between multiple classes of common stock and participating securities based upon their respective rights to receive dividends as if all income (loss) for the period had been distributed. The rights, including the liquidation and dividend rights, of the Class A common stock, Class B common stock, and Class C common stock are substantially identical, other than voting rights. Accordingly, the Class A common stock and Class B
common stock shared proportionately in the Company’s net losses. No shares of Class C common stock were issued and outstanding as of December 31, 2022 and 2023.
Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. The diluted net loss per share is computed by giving effect to all potentially dilutive securities outstanding for the period. For periods in which the Company reports net losses, diluted net loss per common share is the same as basic net loss per common share, because all potentially dilutive securities are anti-dilutive. Vested RSUs that have not been settled have been included in the appropriate common share class used to calculate basic net loss per share
Leases
Leases
The Company determines if an arrangement is or contains a lease at inception. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. ROU assets represents the Company's right to use the underlying assets for the lease term and lease liabilities represents the Company's obligation to make lease payment arising from the lease. The Company has elected the practical expedient not to recognize ROU assets and lease liabilities for short-term leases with terms of twelve months or less. Expense related to short-term leases is recognized either straight-line over the lease term or as incurred depending on whether the lease payments are fixed or variable. ROU assets are recognized as the lease liability, adjusted for lease incentives received. Lease liabilities are recognized at the present value of the future lease payments at the lease commencement date. The Company’s classes of assets that are leased include real estate leases and equipment leases. Operating leases consist of real estate leases and are included in operating lease ROU assets and operating lease liabilities on the Company’s consolidated balance sheets. Finance leases consist of equipment leases and are included in property and equipment, net on the Company’s consolidated balance sheets. Most of the Company’s leases are operating leases, and activities related to finance leases were not material for the periods presented.
The Company’s real estate leases are for an initial period between one and 15 years, and typically include renewal options, the election of which is at the option of the Company. The Company includes renewal options in the measurement of lease liabilities only to the extent the option is reasonably certain to be exercised. For leases that provide the option to terminate, the lease term includes periods covered by such options to the extent the Company is reasonably certain not to exercise the option.
The Company subleases certain portions of buildings subject to operating leases. The terms and conditions of the subleases are commensurate with the terms and conditions within the original operating leases. The term of the subleases generally range from one to six years, payments are fixed within the contracts, and there are no residual value guarantees or other restrictions or covenants in the leases.
When the discount rate implicit in the lease cannot be readily determined, the Company uses the applicable incremental borrowing rate at lease commencement in order to discount lease payments to present value for purposes of performing lease classification tests and measuring the lease liability. The incremental borrowing rate represents the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Because the Company does not typically borrow on a collateralized basis, it uses a derived unsecured synthetic credit rating adjusted for collateralization, current available yield curves, and the lease term as inputs to derive an appropriate incremental borrowing rate.
Variable Interest Entity
Variable Interest Entities
The Company evaluates its ownership, contractual and other interests in entities to determine if it has a variable interest in an entity and if it is the primary beneficiary. These evaluations are complex and involve judgment and the use of estimates and assumptions based on available historical and prospective information, among other factors. If the Company determines that entities for which the Company holds a contractual or ownership interest in are variable interest entities ("VIE") and that the Company is the primary beneficiary, the Company consolidates such entities in the consolidated financial statements. The primary beneficiary of a VIE is the party that meets both of the following criteria: (1) has the power to make decisions that most significantly affect the economic performance of the VIE and (2) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. Periodically, the Company determines whether any changes in the interest or relationship with the entity impacts the determination of whether the Company is still the primary beneficiary. If the Company is not deemed to be the primary beneficiary in a VIE, the Company accounts for the investment or other variable interests in a VIE in accordance with applicable GAAP. Refer to Note 14 - Variable Interest Entities for further information.
Restructuring
Restructuring
Costs and liabilities associated with management-approved restructuring activities are recognized when they are incurred. One-time employee termination costs are recognized at the time of communication to employees, unless future service is required, in which case the costs are recognized over the future service period. Ongoing employee termination benefits are recognized as a liability when it is probable that a liability exists and the amount is reasonably estimable. Restructuring charges are recognized as an operating expense within the consolidated statements of operations and related liabilities are recorded within accrued expenses and other current liabilities on the consolidated balance sheets. The Company periodically evaluates and, if necessary, adjusts its estimates based on currently available information.
Recent Accounting Pronouncements Not Yet Adopted
Recent Accounting Pronouncements Not Yet Adopted

In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which is intended to improve reportable segment disclosure requirements. ASU 2023-07 expands segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. Additionally, the amendments require disclosure of the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. All disclosure requirements of ASU 2023-07 are required for entities with a single reportable segment. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is in the process of evaluating the impact of the adoption of the update on its consolidated financial statements.
v3.24.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Useful Lives of Property and Equipment The useful lives are as follows:
   Estimated Useful Life
Equipment for merchants  2 years
Computer equipment and software  2 years
Office equipment  5 years
Capitalized software and website development costs  2 years
Leasehold improvements  Shorter of estimated useful life or lease term
Property and equipment, net consisted of the following (in millions):
December 31, 2022December 31, 2023
Equipment for merchants$156 $167 
Computer equipment and software68 77 
Capitalized software and website development costs591 953 
Leasehold improvements164 217 
Office equipment52 66 
Construction in progress74 40 
Total1,105 1,520 
Less: Accumulated depreciation and amortization(468)(808)
Property and equipment, net$637 $712 
v3.24.0.1
Revenue (Tables)
 12 Months Ended
Dec. 31, 2023
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):
 
Year Ended December 31,
 202120222023
United States$4,877 $6,251 $7,781 
International11 332 854 
Total revenue$4,888 $6,583 $8,635 
Contract Liabilities A summary of activities related to contract liabilities for the year ended December 31, 2023 was as follows (in millions):
Year Ended December 31, 2023
Beginning balance$251 
Addition to contract liabilities2,247 
Reduction of contract liabilities(1)(2)
(2,190)
Ending balance$308 
(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 $129 million associated with unearned prepayments received by the Company, all of which was recognized as revenue during the year ended December 31, 2023. 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):
 
Year Ended December 31,
 202120222023
Beginning balance$43 $62 $100 
Addition to deferred contract costs
39 70 82 
Amortization of deferred contract costs(20)(32)(45)
Ending balance$62 $100 $137 
Deferred contract costs, current$25 $36 $51 
Deferred contract costs, non-current37 64 86 
Total deferred contract costs$62 $100 $137 
Accounts Receivable, Allowance for Credit Loss
The allowance for credit losses related to accounts receivable and changes were as follows (in millions):
Year Ended December 31,
202120222023
Beginning balance$13 $39 $20 
Current-period provision for expected credit losses
37 — 8 
Write-offs charged against the allowance(11)(19)(11)
Ending balance$39 $20 $17 
v3.24.0.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition The acquisition date fair value of the consideration transferred for Wolt was $2,838 million, which consisted of the following (in millions):
Fair Value
DoorDash Class A common stock$2,705 
Stock-based compensation awards (DoorDash options, RSUs, and revesting common stock) attributable to pre-combination services133
Total consideration$2,838 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions):
May 31, 2022
Current assets$272 
Intangible assets772 
Goodwill1,997 
Other non-current assets82 
Current liabilities(204)
Deferred tax liability, net(34)
Other non-current liabilities(47)
Total purchase price$2,838 
The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date (in millions):
March 1, 2022
Current assets$11 
Intangible assets18 
Goodwill60 
Other liabilities(1)
Total purchase price$88 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The following table sets forth the components of intangible assets acquired (in millions) and their estimated useful life as of the date of acquisition (in years):
Estimated Useful LifeMay 31, 2022
Merchant relationships11$236 
Trademark10268 
Existing technology6150 
Customer relationships3107 
Courier relationships111 
Total acquired intangible assets$772 
Pro Forma Information The unaudited pro forma results were as follows (in millions):
Year Ended December 31,
20212022
Revenue$5,128 $6,734 
Net loss$(1,039)$(1,549)
v3.24.0.1
Goodwill and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill for the periods presented were as follows (in millions):
Total
Balance as of December 31, 2021$316 
Acquisitions2,054 
Balance as of December 31, 20222,370 
Goodwill measurement period adjustment3 
Effects of foreign currency translation59 
Balance as of December 31, 2023$2,432 
Schedule of Intangible Assets
Intangible assets, net consisted of the following as of December 31, 2022 (in millions):
Weighted-average
Remaining Useful
Life (in years)		Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value
Existing technology5.3$236 $(88)$148 
Merchant relationships10.0294 (26)268 
Courier relationships0.412 (7)5 
Customer relationships2.4119 (30)89 
Trade name and trademarks9.4277 (22)255 
Balance as of December 31, 2022$938 $(173)$765 
Intangible assets, net consisted of the following as of December 31, 2023 (in millions):
Weighted-average
Remaining Useful
Life (in years)		Gross Carrying
Value		Accumulated
Amortization		Net Carrying
Value
Existing technology4.3$241 $(117)$124 
Merchant relationships9.1302 (56)246 
Courier relationships—12 (12)— 
Customer relationships1.4123 (69)54 
Trade name and trademarks8.4286 (51)235 
Balance as of December 31, 2023$964 $(305)$659 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The estimated future amortization expense of intangible assets as of December 31, 2023 was as follows (in millions):
Year Ending December 31,
Amortization
Expense
2024$125 
2025100 
202682 
202780 
202864 
Thereafter208 
Total estimated future amortization expense$659 
v3.24.0.1
Fair Value Measures and Disclosures (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Fair Value Measurements
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, 2022
 Level 1Level 2Level 3Total
Cash equivalents
Money market funds$886 $— $— $886 
Commercial paper— 3 — 3 
Short-term marketable securities
Commercial paper— 306 — 306 
Corporate bonds— 205 — 205 
U.S. government agency securities— 76 — 76 
U.S. Treasury securities— 957 — 957 
Long-term marketable securities
Corporate bonds— 145 — 145 
U.S. government agency securities— 44 — 44 
U.S. Treasury securities— 208 — 208 
Total$886 $1,944 $— $2,830 
December 31, 2023
Level 1Level 2Level 3Total
Cash equivalents
Money market funds$1,349 $— $— $1,349 
U.S. Treasury securities— 35 — 35 
Short-term marketable securities
Certificates of deposit— 38 — 38 
Commercial paper— 216 — 216 
Corporate bonds— 289 — 289 
U.S. government agency securities— 162 — 162 
U.S. Treasury securities— 717 — 717 
Long-term marketable securities
Corporate bonds— 383 — 383 
U.S. government agency securities— 55 — 55 
U.S. Treasury securities— 145 — 145 
Total$1,349 $2,040 $— $3,389 
Summary of Carrying Value of the Company's Non-Maketable Equity Securities and Unrealized Losses The following is a summary of unrealized gains and losses from upward or downward adjustments recorded in other expense, net in the consolidated statements of operations, and included as adjustments to the carrying value of non-marketable equity securities held during the years ended December 31, 2021, 2022, and 2023 (in millions):
Year Ended December 31,
202120222023
Upward adjustments$— $9 $— 
Downward adjustments (including impairment)— (312)(101)
Total unrealized loss for non-marketable equity securities$— $(303)$(101)
The following table summarizes the carrying value of the Company's non-marketable equity securities as of December 31, 2022 and 2023 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 consolidated statements of operations (in millions):
December 31,
20222023
Initial cost basis$427 $450 
Upward adjustments9 9 
Downward adjustments (including impairment)(312)(413)
Total carrying value at the end of reporting period$124 $46 
v3.24.0.1
Balance Sheet Components (Tables)
 12 Months Ended
Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Schedule of 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, 2022
 Cost or
Amortized
Cost		UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$886 $— $— $886 
Commercial paper3 — — 3 
Short-term marketable securities
Commercial paper306 — — 306 
Corporate bonds207 — (2)205 
U.S. government agency securities78 — (2)76 
U.S. Treasury securities970 — (13)957 
Long-term marketable securities
Corporate bonds146 — (1)145 
U.S. government agency securities44 — — 44 
U.S. Treasury securities210 — (2)208 
Total$2,850 $— $(20)$2,830 
 December 31, 2023
 Cost or
Amortized
Cost		UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$1,349 $— $— $1,349 
U.S. Treasury securities35 — — 35 
Short-term marketable securities
Certificates of deposit38 — — 38 
Commercial paper216 — — 216 
Corporate bonds290 — (1)289 
U.S. government agency securities162 — — 162 
U.S. Treasury securities717 1 (1)717 
Long-term marketable securities
Corporate bonds382 2 (1)383 
U.S. government agency securities55 — — 55 
U.S. Treasury securities144 1 — 145 
Total$3,388 $4 $(3)$3,389 
Schedule of Property and Equipment, net The useful lives are as follows:
   Estimated Useful Life
Equipment for merchants  2 years
Computer equipment and software  2 years
Office equipment  5 years
Capitalized software and website development costs  2 years
Leasehold improvements  Shorter of estimated useful life or lease term
Property and equipment, net consisted of the following (in millions):
December 31, 2022December 31, 2023
Equipment for merchants$156 $167 
Computer equipment and software68 77 
Capitalized software and website development costs591 953 
Leasehold improvements164 217 
Office equipment52 66 
Construction in progress74 40 
Total1,105 1,520 
Less: Accumulated depreciation and amortization(468)(808)
Property and equipment, net$637 $712 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
December 31, 2022December 31, 2023
Litigation reserves$37 $75 
Sales tax payable and accrued sales and indirect taxes194 245 
Accrued operations related expenses220 331 
Accrued advertising124 112 
Dasher and merchant payable702 950 
Insurance reserves418 758 
Contract liabilities251 308 
Other386 347 
Total$2,332 $3,126 
v3.24.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease Cost
The components of lease costs related to the Company’s operating leases included in the consolidated statements of operations for the periods presented were as follows (in millions):
Year Ended December 31,
202120222023
Operating lease costs$52 $81 $108 
Short-term lease costs17 9 12 
Sublease income(3)(4)(3)
Total lease costs$66 $86 $117 
Lease terms and discount rates for operating leases were as follows:
December 31, 2022December 31, 2023
Weighted-average remaining lease term (in years)8.087.76
Weighted-average discount rate6.39%6.60%
Supplemental cash flow and non-cash information was as follows (in millions):
Year Ended December 31,
20222023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases$75 $113 
ROU assets obtained in exchange for new lease liabilities
Operating leases$154 $85 
Future Minimum Lease Payments Required under Operating Leases
As of December 31, 2023, the future minimum lease payments required under operating leases were as follows (in millions):
Year Ending December 31,Amount
2024$100 
202598 
202695 
202778 
202871 
Thereafter308 
Total future minimum lease payments750 
Less: Lease not commenced(66)
Less: Imputed interest(160)
Less: Tenant improvement receivable(2)
Present value of future minimum lease payments$522 
v3.24.0.1
Commitment and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Non-cancelable purchase commitments As of December 31, 2023, the future minimum payments under the Company’s non-cancelable purchase commitments were as follows (in millions):
Year Ending December 31,
Amount
2024$214 
2025238 
2026202 
2027187 
202877 
Total future minimum payments$918 
v3.24.0.1
Common Stock (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Summary of Restricted Stock Activity
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, 2022472 
Granted— $— 
Vested(186)$76.91 
Forfeited(1)$76.91 
Unvested restricted stock as of December 31, 2023285 
Summary of Common Stock Reserved for Future Issuance
The following table summarizes the Company’s shares of common stock reserved for future issuance on an as-converted basis (in thousands):
December 31, 2022December 31, 2023
Stock options issued and outstanding under the 2014 Plan and Inducement Plan16,021 9,022 
RSUs outstanding under the 2014 Plan, 2020 Plan and Inducement Plan45,131 37,822 
Remaining shares available for future issuance39,995 50,137 
Shares available for issuance under the 2020 Employee Stock Purchase Plan6,499 6,499 
Total107,646 103,480 
Schedule of Non-vested Performance Shares
Company Stock 
Price Target		Number of RSUs
Eligible to Vest
1$187.60518,950
2$226.80518,950
3$265.801,037,900
4$305.001,037,900
5$344.001,037,900
6$383.001,556,850
7$422.201,556,850
8$461.201,556,850
9$501.001,556,850
Schedule of Activity under the 2014 and 2020 Plans
A summary of activity under the 2014 Plan, 2020 Plan, and Inducement 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		Weighted-
Average
Remaining
Contractual
Term
(in years)		Aggregate
Intrinsic
Value
Balance as of December 31, 202216,021 $2.84 3.48$737 
Granted— $— 
Exercised(6,999)$0.87 $510 
Cancelled and forfeited— $— 
Balance as of December 31, 20239,022 $4.38 3.41$853 
Exercisable as of December 31, 20238,747 $4.39 3.43$827 
Vested and expected to vest as of December 31, 20239,022 $4.38 3.41$853 
Summary of RSU Activity
The 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		Aggregate
Intrinsic
Value
Unvested RSUs as of December 31, 202244,805 $2,167 
Granted14,741 $65.06 
Vested(25)$74.53 
Vested and settled(16,420)$76.07 
Forfeited(5,309)$85.47 
Unvested RSUs as of December 31, 202337,792 $3,645 
Schedule of Assumptions used to Estimate the Fair Value of Stock Options Granted The assumptions used to estimate the fair value of stock options assumed via acquisition for the periods presented were as follows:
Year Ended December 31,
202120222023
Expected volatility—69.13%—
Risk-free rate—2.29%—
Dividend yield———
Expected term (in years)—1.69—
Schedule of Stock-based compensation Expense
The Company recorded stock-based compensation expense in the consolidated statements of operations as follows (in millions):
Year Ended December 31,
202120222023
Cost of revenue, exclusive of depreciation and amortization$46 $102 $139 
Sales and marketing52 98 119 
Research and development182 365 466 
General and administrative206 313 364 
Restructuring charges— 11 — 
Total stock-based compensation expense$486 $889 $1,088 
v3.24.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
The components of income (loss) before income taxes were as follows (in millions):
 
Year Ended December 31,
 202120222023
United States$(461)$(991)$259 
Foreign(2)(408)(793)
Loss before income taxes$(463)$(1,399)$(534)
Schedule of Components of Income Tax Expense (Benefit)
The components of provision for (benefit from) income taxes were as follows (in millions):
Year Ended December 31,
202120222023
Current
Federal$— $— $6 
State3 — 9 
Foreign1 4 17 
Total
$4 $4 $32 
Deferred
Federal1 — 1 
State1 1 — 
Foreign(1)(36)(2)
Total
1 (35)(1)
Total provision for (benefit from) income taxes$5 $(31)$31 
Schedule of Effective Income Tax Rate Reconciliation
The items accounting for differences between income taxes computed at the federal statutory rate and the provision (benefit) recorded for income taxes were as follows (in millions):
Year Ended December 31,
202120222023
Income taxes computed at the federal statutory rate$(97)$(294)$(112)
State taxes, net of federal benefits3 — 7 
Tax impact of foreign earnings and losses 1 55 181 
Change in valuation allowance839 179 47 
Stock-based compensation(597)6 (59)
Research and development credits(150)22 (44)
Non-deductible expenses6 14 9 
Other— (13)2 
Provision for (benefit from) income taxes$5 $(31)$31 
Schedule of Deferred Tax Assets and Liabilities
The components of deferred tax assets and liabilities were as follows (in millions):
December 31,
20222023
Deferred tax assets
Net operating losses$660 $697 
Tax credits 209 245 
Capitalized research and development619 691 
Stock-based compensation74 43 
Lease liabilities115 122 
Accruals and reserves132 234 
Other 88 103 
Total gross deferred tax assets1,897 2,135 
Less: Valuation allowance(1,655)(1,858)
Total deferred tax assets net of valuation allowance242 277 
Deferred tax liabilities
Property and equipment and intangible assets(134)(144)
Lease assets (94)(98)
Deferred contract costs(17)(38)
Total gross deferred tax liabilities(245)(280)
Net deferred tax liabilities$(3)$(3)
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of the beginning and ending balance of gross unrecognized tax benefits is included in the table below (in millions):
Year Ended December 31,
202120222023
Unrecognized tax benefits at beginning of year$7 $69 $69 
Increases related to current year tax positions62 19 47 
Increases related to prior year tax positions— — 67 
Decreases related to prior year tax positions— (19)— 
Unrecognized tax benefits at end of year$69 $69 $183 
v3.24.0.1
Net Loss per Share Attributable to DoorDash, Inc. Common Stockholders (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Loss per Share Attributable to Common Stockholders
The following table sets forth the calculation of basic and diluted net loss per share attributable to DoorDash, Inc. common stockholders during the periods presented. RSUs that vested but have not been settled are included in the denominator in
calculating net loss per share for the years ended December 31, 2021, 2022, and 2023 (in millions, except share amounts which are reflected in thousands, and per share data):
 Year Ended December 31,
 202120222023
 Class AClass BClass AClass BClass AClass B
Net loss including redeemable non-controlling interests$(424)$(44)$(1,260)$(108)$(525)$(40)
Less: Net loss attributable to redeemable non-controlling interests— — (3)— (7)— 
Net loss attributable to DoorDash, Inc.
common stockholders		$(424)$(44)$(1,257)$(108)$(518)$(40)
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, basic and diluted305,500 31,347 342,015 29,398 365,340 27,608 
Net loss per share attributable to DoorDash, Inc. common stockholders, basic and diluted$(1.39)$(1.39)$(3.68)$(3.68)$(1.42)$(1.42)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share because including them would have had an anti-dilutive effect, or 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):
 
As of December 31,
 202120222023
Stock options to purchase common stock19,115 16,021 9,022 
Unvested restricted stock and restricted stock units27,518 45,172 38,072 
Escrow shares— 2,012 72 
Total46,633 63,205 47,166 
v3.24.0.1
Organization, Consolidation and Presentation of Financial Statements (Details)
 12 Months Ended
Dec. 31, 2023
country
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Number of operating countries 25
v3.24.0.1
Summary of Significant Accounting Policies (Details)
 12 Months Ended
Dec. 31, 2023
USD ($)
segment
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]      
Number of reportable segments | segment 1    
Impairment charge $ 0 $ 0 $ 0
Self insurance reserve 518,000,000 359,000,000 134,000,000
Insurance reserves 758,000,000 418,000,000  
Change in estimate of gift card breakage 41,000,000 47,000,000 48,000,000
Advertising expense $ 1,300,000,000 1,100,000,000 $ 1,200,000,000
Minimum      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Subscription revenue recognition period 1 month    
Maximum      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Subscription revenue recognition period 1 year    
International      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Long-lived assets $ 167,000,000 $ 124,000,000  
v3.24.0.1
Summary of Significant Accounting Policies - Property and Equipment, Net (Details)
Dec. 31, 2023
Equipment for merchants  
Property, Plant and Equipment [Line Items]  
Useful life of property and equipment 2 years
Computer equipment and software  
Property, Plant and Equipment [Line Items]  
Useful life of property and equipment 2 years
Office equipment  
Property, Plant and Equipment [Line Items]  
Useful life of property and equipment 5 years
Capitalized software and website development costs  
Property, Plant and Equipment [Line Items]  
Useful life of property and equipment 2 years
v3.24.0.1
Summary of Significant Accounting Policies - Concentration of Credit Risk (Details)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Accounts Receivable | Customer Concentration Risk | Customer One    
Concentration Risk [Line Items]    
Concentration risk (percent) 13.00% 14.00%
v3.24.0.1
Summary of Significant Accounting Policies - Net Loss Attributable to Common Stockholders (Details) - Class C Common Stock - shares
Dec. 31, 2023
Dec. 31, 2022
Class of Stock [Line Items]    
Common stock, issued (shares) 0 0
Common stock, outstanding (shares) 0 0
v3.24.0.1
Summary of Significant Accounting Policies - Leases (Details)
 12 Months Ended
Dec. 31, 2023
Minimum  
Lessee, Lease, Description [Line Items]  
Initial lease term 1 year
Term of sublease 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Initial lease term 15 years
Term of sublease 6 years
v3.24.0.1
Revenue - Disaggregated Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Disaggregation of Revenue [Line Items]      
Total revenue $ 8,635 $ 6,583 $ 4,888
United States      
Disaggregation of Revenue [Line Items]      
Total revenue 7,781 6,251 4,877
International      
Disaggregation of Revenue [Line Items]      
Total revenue $ 854 $ 332 $ 11
v3.24.0.1
Revenue - Contract Liabilities (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
Contract Liabilities [Roll Forward]  
Beginning balance $ 251
Addition to contract liabilities 2,247
Reduction of contract liabilities (2,190)
Ending balance 308
Unearned prepayments received $ (129)
v3.24.0.1
Revenue - Rollforward of Deferred Contract Costs (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Capitalized Contract Cost [Roll Forward]      
Beginning balance $ 100 $ 62 $ 43
Addition to deferred contract costs 82 70 39
Amortization of deferred contract costs (45) (32) (20)
Ending balance $ 137 $ 100 $ 62
v3.24.0.1
Revenue - Deferred Contract Costs (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]        
Deferred contract costs, current $ 51 $ 36 $ 25  
Deferred contract costs, non-current 86 64 37  
Total deferred contract costs $ 137 $ 100 $ 62 $ 43
v3.24.0.1
Revenue - Allowance For Credit Losses (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]      
Beginning balance $ 20 $ 39 $ 13
Current-period provision for expected credit losses 8 0 37
Write-offs charged against the allowance (11) (19) (11)
Ending balance $ 17 $ 20 $ 39
v3.24.0.1
Acquisitions - Wolt Acquisition Narrative (Details) - USD ($)
shares in Thousands, $ in Millions
 7 Months Ended 12 Months Ended
May 31, 2022
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Business Acquisition [Line Items]          
Goodwill   $ 2,370 $ 2,432 $ 2,370 $ 316
Unvested restricted stock units          
Business Acquisition [Line Items]          
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition     2 years 4 months 9 days    
Wolt Enterprises OY          
Business Acquisition [Line Items]          
Interests acquired 100.00%        
Acquisition-related costs       $ 48  
Assumed via acquisition (in shares)     1,700    
Restricted equity interests (in shares) 568        
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition     4 years    
Goodwill $ 1,997        
Revenue included in consolidated statements of operations   259      
Net loss included in consolidated statements of operations   $ 345      
Wolt Enterprises OY | Unvested restricted stock units          
Business Acquisition [Line Items]          
Assumed via acquisition (in shares)     1,400    
Wolt Enterprises OY | Class A          
Business Acquisition [Line Items]          
Fair value of shares issued (in shares) 36,000        
v3.24.0.1
Acquisitions - Fair Value of Consideration (Details) - Wolt Enterprises OY
$ in Millions
May 31, 2022
USD ($)
Business Acquisition [Line Items]  
Total consideration $ 2,838
Class A  
Business Acquisition [Line Items]  
DoorDash class a common stock / Stock based compensation awards 2,705
Options, RSUs and Revesting Common Stock  
Business Acquisition [Line Items]  
DoorDash class a common stock / Stock based compensation awards $ 133
v3.24.0.1
Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
May 31, 2022
Mar. 01, 2022
Dec. 31, 2021
Business Acquisition [Line Items]          
Goodwill $ 2,432 $ 2,370     $ 316
Total purchase price     $ 2,838    
Wolt Enterprises OY          
Business Acquisition [Line Items]          
Current assets     272    
Intangible assets     772    
Goodwill     1,997    
Other non-current assets     82    
Current liabilities     (204)    
Deferred tax liability, net     (34)    
Other non-current liabilities     $ (47)    
Bbot          
Business Acquisition [Line Items]          
Current assets       $ 11  
Intangible assets       18  
Goodwill       60  
Other non-current liabilities       (1)  
Total purchase price       $ 88  
v3.24.0.1
Acquisitions - Identifiable Intangible Assets Acquired (Details) - Wolt Enterprises OY
$ in Millions
May 31, 2022
USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]  
Intangible assets $ 772
Merchant relationships  
Acquired Finite-Lived Intangible Assets [Line Items]  
Estimated Useful Life 11 years
Intangible assets $ 236
Trademark  
Acquired Finite-Lived Intangible Assets [Line Items]  
Estimated Useful Life 10 years
Intangible assets $ 268
Existing technology  
Acquired Finite-Lived Intangible Assets [Line Items]  
Estimated Useful Life 6 years
Intangible assets $ 150
Customer relationships  
Acquired Finite-Lived Intangible Assets [Line Items]  
Estimated Useful Life 3 years
Intangible assets $ 107
Courier relationships  
Acquired Finite-Lived Intangible Assets [Line Items]  
Estimated Useful Life 1 year
Intangible assets $ 11
v3.24.0.1
Acquisitions - Pro Forma Information (Details) - Wolt Enterprises OY - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]    
Revenue $ 6,734 $ 5,128
Net loss $ (1,549) $ (1,039)
v3.24.0.1
Acquisitions - Bbot Acquisition Narrative (Details) - Bbot
$ in Millions
Mar. 01, 2022
USD ($)
Business Acquisition [Line Items]  
Total consideration $ 88
Consideration recorded in accrued expenses and other current liabilities $ 9
Existing technology  
Business Acquisition [Line Items]  
Estimated Useful Life 5 years
Customer relationships  
Business Acquisition [Line Items]  
Estimated Useful Life 3 years
v3.24.0.1
Goodwill and Intangible Assets, Net - Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Goodwill [Roll Forward]    
Goodwill, Beginning Balance $ 2,370 $ 316
Acquisitions   2,054
Goodwill measurement period adjustment 3  
Effects of foreign currency translation 59  
Goodwill, Ending Balance $ 2,432 $ 2,370
v3.24.0.1
Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]      
Impairment charge $ 0 $ 0 $ 0
Amortization of intangible assets $ 127,000,000 $ 99,000,000 $ 13,000,000
v3.24.0.1
Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Value $ 964 $ 938
Accumulated Amortization (305) (173)
Net Carrying Value $ 659 $ 765
Existing technology    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 4 years 3 months 18 days 5 years 3 months 18 days
Gross Carrying Value $ 241 $ 236
Accumulated Amortization (117) (88)
Net Carrying Value $ 124 $ 148
Merchant relationships    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 9 years 1 month 6 days 10 years
Gross Carrying Value $ 302 $ 294
Accumulated Amortization (56) (26)
Net Carrying Value $ 246 $ 268
Courier relationships    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 0 years 4 months 24 days
Gross Carrying Value $ 12 $ 12
Accumulated Amortization (12) (7)
Net Carrying Value $ 0 $ 5
Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 1 year 4 months 24 days 2 years 4 months 24 days
Gross Carrying Value $ 123 $ 119
Accumulated Amortization (69) (30)
Net Carrying Value $ 54 $ 89
Trade name and trademarks    
Finite-Lived Intangible Assets [Line Items]    
Weighted-average Remaining Useful Life (in years) 8 years 4 months 24 days 9 years 4 months 24 days
Gross Carrying Value $ 286 $ 277
Accumulated Amortization (51) (22)
Net Carrying Value $ 235 $ 255
v3.24.0.1
Goodwill and Intangible Assets, Net - Future Amortization Expense (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]    
2024 $ 125  
2025 100  
2026 82  
2027 80  
2028 64  
Thereafter 208  
Net carrying value / total estimated amortization expense $ 659 $ 765
v3.24.0.1
Fair Value Measures and Disclosures - Financial Instruments at Fair Value (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities $ 1,422 $ 1,544
Long-term marketable securities 583 397
Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 38  
Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   3
Short-term marketable securities 216 306
Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 289 205
Long-term marketable securities 383 145
U.S. government agency securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 162 76
Long-term marketable securities 55 44
U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 35  
Short-term marketable securities 717 957
Long-term marketable securities 145 208
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total 3,389 2,830
Fair Value, Recurring | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 1,349 886
Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   3
Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 35  
Fair Value, Recurring | Certificates of deposit    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 38  
Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   3
Short-term marketable securities 216 306
Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 289 205
Long-term marketable securities 383 145
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 162 76
Long-term marketable securities 55 44
Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 717 957
Long-term marketable securities 145 208
Level 1 | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total 1,349 886
Level 1 | Fair Value, Recurring | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 1,349 886
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 | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 0  
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  
Level 1 | Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   0
Short-term marketable securities 0 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 2 | Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total 2,040 1,944
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   3
Level 2 | Fair Value, Recurring | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 35  
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 38  
Level 2 | Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   3
Short-term marketable securities 216 306
Level 2 | Fair Value, Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term marketable securities 289 205
Long-term marketable securities 383 145
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 162 76
Long-term marketable securities 55 44
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 717 957
Long-term marketable securities 145 208
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 | 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 | U.S. Treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 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  
Level 3 | Fair Value, Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents   0
Short-term marketable securities 0 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
v3.24.0.1
Fair Value Measurements - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Purchases of non-marketable equity securities $ 17 $ 15 $ 409
Impairment charge 101 312 0
Preferred Stock      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Impairment charge 100    
Fair Value, Nonrecurring      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Purchases of non-marketable equity securities $ 23 $ 18 $ 409
v3.24.0.1
Fair Value Measurements - Summary of Unrealized Gains and Losses (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Fair Value Disclosures [Abstract]      
Upward adjustments $ 0 $ 9 $ 0
Downward adjustments (including impairment) (101) (312) 0
Total unrealized loss for non-marketable equity securities $ (101) $ (303) $ 0
v3.24.0.1
Fair Value Measurements - Carrying Value of our Non-Marketable Equity Securities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Fair Value Disclosures [Abstract]    
Initial cost basis $ 450 $ 427
Upward adjustments 9 9
Downward adjustments (including impairment) (413) (312)
Total carrying value at the end of reporting period $ 46 $ 124
v3.24.0.1
Balance Sheet Components - Cash Equivalents and Marketable Securities (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash equivalents      
Cash equivalents, cost or amortized cost $ 2,656,000,000 $ 1,977,000,000 $ 2,504,000,000
Short-term marketable securities      
Short-term marketable securities, estimated fair value 1,422,000,000 1,544,000,000  
Long-term marketable securities      
Long-term marketable securities, estimated fair value 583,000,000 397,000,000  
Total 3,388,000,000 2,850,000,000  
Total, unrealized gains 4,000,000 0  
Total, unrealized losses (3,000,000) (20,000,000)  
Total, estimated fair value 3,389,000,000 2,830,000,000  
Allowance for credit loss 0    
Money market funds      
Cash equivalents      
Cash equivalents, cost or amortized cost 1,349,000,000 886,000,000  
Cash equivalents, unrealized gain 0 0  
Cash equivalents paper, unrealized loss 0 0  
Cash equivalents, estimated fair value 1,349,000,000 886,000,000  
Commercial paper      
Cash equivalents      
Cash equivalents, cost or amortized cost   3,000,000  
Cash equivalents, unrealized gain   0  
Cash equivalents paper, unrealized loss   0  
Cash equivalents, estimated fair value   3,000,000  
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 216,000,000 306,000,000  
Short-term marketable securities, unrealized gains 0 0  
Short-term marketable securities, unrealized losses 0 0  
Short-term marketable securities, estimated fair value 216,000,000 306,000,000  
U.S. Treasury securities      
Cash equivalents      
Cash equivalents, cost or amortized cost 35,000,000    
Cash equivalents, unrealized gain 0    
Cash equivalents paper, unrealized loss 0    
Cash equivalents, estimated fair value 35,000,000    
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 717,000,000 970,000,000  
Short-term marketable securities, unrealized gains 1,000,000 0  
Short-term marketable securities, unrealized losses (1,000,000) (13,000,000)  
Short-term marketable securities, estimated fair value 717,000,000 957,000,000  
Long-term marketable securities      
Long-term marketable securities, cost or amortized cost 144,000,000 210,000,000  
Long-term marketable securities, unrealized gains 1,000,000 0  
Long-term marketable securities, unrealized losses 0 (2,000,000)  
Long-term marketable securities, estimated fair value 145,000,000 208,000,000  
Corporate bonds      
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 290,000,000 207,000,000  
Short-term marketable securities, unrealized gains 0 0  
Short-term marketable securities, unrealized losses (1,000,000) (2,000,000)  
Short-term marketable securities, estimated fair value 289,000,000 205,000,000  
Long-term marketable securities      
Long-term marketable securities, cost or amortized cost 382,000,000 146,000,000  
Long-term marketable securities, unrealized gains 2,000,000 0  
Long-term marketable securities, unrealized losses (1,000,000) (1,000,000)  
Long-term marketable securities, estimated fair value 383,000,000 145,000,000  
U.S. government agency securities      
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 162,000,000 78,000,000  
Short-term marketable securities, unrealized gains 0 0  
Short-term marketable securities, unrealized losses 0 (2,000,000)  
Short-term marketable securities, estimated fair value 162,000,000 76,000,000  
Long-term marketable securities      
Long-term marketable securities, cost or amortized cost 55,000,000 44,000,000  
Long-term marketable securities, unrealized gains 0 0  
Long-term marketable securities, unrealized losses 0 0  
Long-term marketable securities, estimated fair value 55,000,000 $ 44,000,000  
Certificates of deposit      
Short-term marketable securities      
Short-term marketable securities, cost or amortized cost 38,000,000    
Short-term marketable securities, unrealized gains 0    
Short-term marketable securities, unrealized losses 0    
Short-term marketable securities, estimated fair value $ 38,000,000    
v3.24.0.1
Balance Sheet Components - Property and Equipment, Net (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Property, Plant and Equipment [Line Items]      
Total $ 1,520 $ 1,105  
Less: Accumulated depreciation and amortization (808) (468)  
Property and equipment, net 712 637  
Depreciation expense 126 113 $ 80
Capitalized software and website development costs 362 303 202
Amortization of capitalized software and website development costs 256 157 $ 63
Equipment for merchants      
Property, Plant and Equipment [Line Items]      
Total 167 156  
Computer equipment and software      
Property, Plant and Equipment [Line Items]      
Total 77 68  
Capitalized software and website development costs      
Property, Plant and Equipment [Line Items]      
Total 953 591  
Leasehold improvements      
Property, Plant and Equipment [Line Items]      
Total 217 164  
Office equipment      
Property, Plant and Equipment [Line Items]      
Total 66 52  
Construction in progress      
Property, Plant and Equipment [Line Items]      
Total $ 40 $ 74  
v3.24.0.1
Balance Sheet Components - Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]    
Litigation reserves $ 75 $ 37
Sales tax payable and accrued sales and indirect taxes 245 194
Accrued operations related expenses 331 220
Accrued advertising 112 124
Dasher and merchant payable 950 702
Insurance reserves 758 418
Contract liabilities 308 251
Other 347 386
Total $ 3,126 $ 2,332
v3.24.0.1
Leases - Components of Lease Cost (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Leases [Abstract]      
Operating lease costs $ 108 $ 81 $ 52
Short-term lease costs 12 9 17
Sublease income (3) (4) (3)
Total lease costs $ 117 $ 86 $ 66
Weighted-average remaining lease term (in years) 7 years 9 months 3 days 8 years 29 days  
Weighted average discount rate (percent) 6.60% 6.39%  
Cash paid for amounts included in the measurement of lease liabilities      
Operating cash flows for operating leases $ 113 $ 75  
ROU assets obtained in exchange for new lease liabilities      
Operating leases $ 85 $ 154  
v3.24.0.1
Leases - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Leases [Abstract]    
Leases not yet commenced $ 66 $ 21
Future minimum sublease $ 6  
v3.24.0.1
Leases - Future Minimum Lease Payments under Operating Leases (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Leases [Abstract]    
2024 $ 100  
2025 98  
2026 95  
2027 78  
2028 71  
Thereafter 308  
Total future minimum lease payments 750  
Less: Lease not commenced (66) $ (21)
Less: Imputed interest (160)  
Less: Tenant improvement receivable (2)  
Present value of future minimum lease payments $ 522  
v3.24.0.1
Commitment and Contingencies (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]    
Indemnification liability $ 0 $ 0
v3.24.0.1
Commitment and Contingencies - Noncancelable Purchase Commitments (Details)
$ in Millions
Dec. 31, 2023
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
2024 $ 214
2025 238
2026 202
2027 187
2028 77
Total future minimum payments $ 918
v3.24.0.1
Commitments and Contingencies - Insurance Collateral (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Line of Credit Facility [Line Items]    
Long-term restricted cash $ 11 $ 211
Surety Bond    
Line of Credit Facility [Line Items]    
Collateral 465  
Long-term restricted cash $ 465  
v3.24.0.1
Commitment and Contingencies - Credit Agreements (Details) - USD ($)
 1 Months Ended 12 Months Ended
Nov. 30, 2019
Dec. 31, 2023
Dec. 31, 2022
Aug. 31, 2020
Line of Credit Facility [Line Items]        
Letters of credit outstanding   $ 138,000,000 $ 132,000,000  
Revolving Credit Facility | Unsecured Revolving Credit Facility Maturing November 19, 2024        
Line of Credit Facility [Line Items]        
Revolving credit facility, maximum borrowing capacity $ 300,000,000      
Unused commitment fee (percent) 0.10%      
Revolving Credit Facility | Unsecured Revolving Credit Facility Maturing November 19, 2024 | 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 | Unsecured Revolving Credit Facility Maturing November 19, 2024 | Adjusted One-month LIBOR        
Line of Credit Facility [Line Items]        
Basis spread on variable rate (percent) 1.00%      
Revolving Credit Facility | Unsecured Revolving Credit Facility Maturing November 19, 2024 | LIBOR Rate        
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 August 7, 2025        
Line of Credit Facility [Line Items]        
Revolving credit facility, maximum borrowing capacity       $ 400,000,000
Incremental revolving loan commitments       $ 100,000,000
Drawn from the revolving credit facility   0 0  
Letters of credit outstanding   $ 115,000,000 $ 99,000,000  
v3.24.0.1
Common Stock - Additional Information (Details)
$ / shares in Units, $ in Millions
 1 Months Ended 12 Months Ended
Jan. 01, 2021
shares
Dec. 08, 2020
day
Nov. 30, 2020
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
Feb. 28, 2023
USD ($)
May 31, 2022
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Stock repurchase program, authorized amount | $       $ 750.0     $ 750.0  
Number of shares repurchased (in shares) | shares       12,000,000        
Weighted average price of shares purchased | $ / shares       $ 62.66        
Common stock reserved for future issuance on an as-converted basis (in shares) | shares       103,480,000 107,646,000     9,760,000
Stock-based compensation expense | $       $ 1,088.0 $ 889.0 $ 486.0    
Options exercised, aggregate intrinsic value | $       $ 510.0 $ 451.0 $ 2,300.0    
Weighted average fair value of stock assumed via acquisition (in dollars per shares) | $ / shares         $ 72.99      
Options granted, weighted-average grant date fair value (in dollars per share) | $ / shares       $ 0 $ 0 $ 0    
Stock Options                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Common stock reserved for future issuance on an as-converted basis (in shares) | shares       9,022,000 16,021,000      
Unrecognized stock-based compensation expense related to unvested stock options | $       $ 7.0        
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition       1 year 11 months 12 days        
RSUs                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Common stock reserved for future issuance on an as-converted basis (in shares) | shares       37,822,000 45,131,000      
Unrecognized stock-based compensation expense related to unvested stock options | $       $ 1,900.0        
Unrecognized stock-based compensation expense related to unvested stock options, remaining period for recognition       2 years 4 months 9 days        
RSUs | Service-based Vesting Condition                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Award vesting period     4 years          
2014 Stock Option Plan | Stock Options                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Option term       10 years        
Option grant price as percent of fair value of stock price (not less than)       100.00%        
Award vesting period       4 years        
2014 Stock Option Plan | Incentive Stock Option Grant to a Greater than 10% Stockholder                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Option term       5 years        
Option grant price as percent of fair value of stock price (not less than)       110.00%        
2020 Equity Incentive Plan                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of business days prior to effective date of registration statement that the 2020 Plan became effective | day   1            
2020 Equity Incentive Plan | Class A                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Additional shares authorized (in shares) | shares 32,493,000              
Percent of outstanding shares 5.00%              
2020 Equity Incentive Plan | Stock Options                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Option term       10 years        
Option grant price as percent of fair value of stock price (not less than)       100.00%        
Award vesting period       4 years        
2020 Equity Incentive Plan | Incentive Stock Option Grant to a Greater than 10% Stockholder                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Option term       5 years        
Option grant price as percent of fair value of stock price (not less than)       110.00%        
v3.24.0.1
Common Stock - Restricted Stock (Details)
shares in Thousands
 12 Months Ended
Dec. 31, 2023
$ / shares
shares
Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Derived service period of award 4 years
Number of Shares  
Unvested, beginning balance (in shares) 472
Granted (in shares) 0
Vested (in shares) (186)
Forfeited (in shares) (1)
Unvested, ending balance (in shares) 285
Weighted- Average Grant Date Fair Value  
Granted (in dollars per share) | $ / shares $ 0
Vested (in dollars per share) | $ / shares 76.91
Forfeited (in dollars per share) | $ / shares $ 76.91
Unvested restricted stock units  
Number of Shares  
Unvested, beginning balance (in shares) 44,805
Granted (in shares) 14,741
Vested (in shares) (25)
Forfeited (in shares) (5,309)
Unvested, ending balance (in shares) 37,792
Weighted- Average Grant Date Fair Value  
Granted (in dollars per share) | $ / shares $ 65.06
Vested (in dollars per share) | $ / shares 74.53
Forfeited (in dollars per share) | $ / shares $ 85.47
v3.24.0.1
Common Stock - Reserved for Future Issuance (Details) - shares
Dec. 31, 2023
Dec. 31, 2022
May 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Common stock reserved for future issuance on an as-converted basis (in shares) 103,480,000 107,646,000 9,760,000
Stock options issued and outstanding under the 2014 Plan and Inducement Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Common stock reserved for future issuance on an as-converted basis (in shares) 9,022,000 16,021,000  
RSUs outstanding under the 2014 Plan, 2020 Plan and Inducement Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Common stock reserved for future issuance on an as-converted basis (in shares) 37,822,000 45,131,000  
Remaining shares available for future issuance      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Common stock reserved for future issuance on an as-converted basis (in shares) 50,137,000 39,995,000  
Shares available for issuance under the 2020 Employee Stock Purchase Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Common stock reserved for future issuance on an as-converted basis (in shares) 6,499,000 6,499,000  
v3.24.0.1
Common Stock - CEO Performance Awards (Details)
$ / shares in Units, $ in Millions
 1 Months Ended 12 Months Ended
Nov. 30, 2020
USD ($)
tranche
employee
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
shares
Dec. 31, 2021
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense | $   $ 1,088 $ 889 $ 486
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted (in shares) | shares 10,379,000      
Award vesting period 18 months      
Award contractual term 7 years      
Number of vesting tranches | tranche 9      
Number of consecutive trading days included in stock target price measurement period | employee 180      
Granted (in dollars per share) $ 39.8275      
Stock compensation expense to be recognized over the derived service period of each tranche | $   73    
Stock-based compensation expense | $   $ 104 $ 112 $ 112
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Tranche 1        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 187.60      
Number of RSUs eligible to vest (in shares) | shares 518,950      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Tranche 2        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 226.80      
Number of RSUs eligible to vest (in shares) | shares 518,950      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Tranche 3        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 265.80      
Number of RSUs eligible to vest (in shares) | shares 1,037,900      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Tranche 4        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 305.00      
Number of RSUs eligible to vest (in shares) | shares 1,037,900      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Tranche 5        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 344.00      
Number of RSUs eligible to vest (in shares) | shares 1,037,900      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Tranche 6        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 383.00      
Number of RSUs eligible to vest (in shares) | shares 1,556,850      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Tranche 7        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 422.20      
Number of RSUs eligible to vest (in shares) | shares 1,556,850      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Tranche 8        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 461.20      
Number of RSUs eligible to vest (in shares) | shares 1,556,850      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Tranche 9        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 501.00      
Number of RSUs eligible to vest (in shares) | shares 1,556,850      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Minimum        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 187.60      
Derived service period of award 2 years 6 months 10 days      
CEO Performance Award | 2014 Equity Incentive Plan | Chief Executive Officer | Maximum        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Company stock price target (in dollars per share) $ 501.00      
Derived service period of award 4 years 5 months 1 day      
RSUs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted (in shares) | shares   14,741,000    
Number of RSUs eligible to vest (in shares) | shares   37,792,000 44,805,000  
Granted (in dollars per share)   $ 65.06    
Stock compensation expense to be recognized over the derived service period of each tranche | $   $ 1,900    
Unrecognized stock-based compensation, remaining period for recognition   2 years 4 months 9 days    
RSUs | Chief Executive Officer        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Aggregate grant date fair value | $ $ 413      
v3.24.0.1
Common Stock - Options Outstanding (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Shares subject to Options Outstanding      
Shares subject to options outstanding, beginning balance (in shares) 16,021    
Options granted (in shares) 0    
Options exercised (in shares) (6,999)    
Options forfeited (in shares) 0    
Shares subject to options outstanding, ending balance (in shares) 9,022 16,021  
Exercisable (in shares) 8,747    
Vested and expected to vest (in shares) 9,022    
Weighted- Average Exercise Price      
Shares subject to options outstanding, weighted-average exercise price (in dollars per share) $ 4.38 $ 2.84  
Options granted (in dollars per share) 0    
Options exercised (in dollars per share) 0.87    
Options forfeited (in dollars per share) 0    
Exercisable (in dollars per share) 4.39    
Vested and expected to vest (in dollars per share) $ 4.38    
Weighted- Average Remaining Contractual Term (in years)      
Options outstanding, weighted-average remaining contractual term (in years) 3 years 4 months 28 days 3 years 5 months 23 days  
Exercisable, weighted-average remaining contractual term (in years) 3 years 5 months 4 days    
Vested and expected to vest, weighted-average remaining contractual term (in years) 3 years 4 months 28 days    
Aggregate Intrinsic Value      
Options outstanding, aggregate instrinsic value $ 853.0 $ 737.0  
Options exercised, aggregate intrinsic value 510.0 $ 451.0 $ 2,300.0
Exercisable, aggregate intrinsic value 827.0    
Vested and expected to vest, aggregate intrinsic value $ 853.0    
v3.24.0.1
Common Stock - Restricted Stock Unit Activity (Details) - Unvested restricted stock units - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Number of Shares      
Unvested, beginning balance (in shares) 44,805    
Granted (in shares) (14,741)    
Vested (in shares) (25)    
Vested and settled (in shares) (16,420)    
Forfeited (in shares) (5,309)    
Unvested, ending balance (in shares) 37,792 44,805  
Weighted- Average Grant Date Fair Value      
Granted (in dollars per share) $ 65.06    
Vested (in dollars per share) 74.53    
Vested and settled (in dollars per share) 76.07    
Forfeited (in dollars per share) $ 85.47    
Aggregate Intrinsic Value      
Aggregate intrinsic value $ 3,645 $ 2,167  
Grants in period and assumed via acquisition (in dollars per share) $ 65.06 $ 74.16 $ 170.42
v3.24.0.1
Common Stock - Assumptions Used to Estimate Fair Value of Stock Options (Details)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Equity [Abstract]      
Expected volatility 0.00% 69.13% 0.00%
Risk-free rate 0.00% 2.29% 0.00%
Dividend yield 0.00% 0.00% 0.00%
Expected term (in years)   1 year 8 months 8 days  
v3.24.0.1
Common Stock - Stock-based Compensation Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense $ 1,088 $ 889 $ 486
Cost of revenue, exclusive of depreciation and amortization      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense 139 102 46
Sales and marketing      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense 119 98 52
Research and development      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense 466 365 182
General and administrative      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense 364 313 206
Restructuring charges      
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]      
Total stock-based compensation expense $ 0 $ 11 $ 0
v3.24.0.1
Common Stock - Employee Stock Purchase Plan (Details)
Jan. 01, 2021
shares
Dec. 31, 2023
purchasePeriod
shares
Dec. 31, 2022
purchasePeriod
shares
May 31, 2022
shares
Dec. 08, 2020
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Common stock reserved for sales under the ESPP (in shares)   103,480,000 107,646,000 9,760,000  
Employee Stock Purchase Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of open purchase periods under the ESPP | purchasePeriod   0 0    
2020 Employee Stock Purchase Plan | Class A | Employee Stock Purchase Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Common stock reserved for sales under the ESPP (in shares)         6,498,600
Additional shares authorized (in shares) 6,498,600        
Percent of outstanding shares 1.50%        
v3.24.0.1
Income Taxes - Components of Consolidated Income (Loss) before Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
United States $ 259 $ (991) $ (461)
Foreign (793) (408) (2)
Loss before income taxes $ (534) $ (1,399) $ (463)
v3.24.0.1
Income Taxes - The Components of the Provision for (Benefit From) Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current      
Total $ 32 $ 4 $ 4
Deferred      
Total (1) (35) 1
Total provision for (benefit from) income taxes 31 (31) 5
Federal      
Current      
Total 6 0 0
Deferred      
Total 1 0 1
State      
Current      
Total 9 0 3
Deferred      
Total 0 1 1
Foreign      
Current      
Total 17 4 1
Deferred      
Total $ (2) $ (36) $ (1)
v3.24.0.1
Income Taxes - Reconciliation of Federal Income Tax Rate (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
Income taxes computed at the federal statutory rate $ (112) $ (294) $ (97)
State taxes, net of federal benefits 7 0 3
Tax impact of foreign earnings and losses 181 55 1
Change in valuation allowance 47 179 839
Stock-based compensation (59) 6 (597)
Research and development credits (44) 22 (150)
Non-deductible expenses 9 14 6
Other 2 (13) 0
Total provision for (benefit from) income taxes $ 31 $ (31) $ 5
v3.24.0.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Deferred tax assets    
Net operating losses $ 697 $ 660
Tax credits 245 209
Capitalized research and development 691 619
Stock-based compensation 43 74
Lease liabilities 122 115
Accruals and reserves 234 132
Other 103 88
Total gross deferred tax assets 2,135 1,897
Less: Valuation allowance (1,858) (1,655)
Total deferred tax assets net of valuation allowance 277 242
Deferred tax liabilities    
Property and equipment and intangible assets (144) (134)
Lease assets (98) (94)
Deferred contract costs (38) (17)
Total gross deferred tax liabilities (280) (245)
Other Liabilities    
Deferred tax liabilities    
Net deferred tax liabilities $ (3) $ (3)
v3.24.0.1
Income Taxes - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Loss Carryforwards [Line Items]      
Increase in valuation allowance $ 203 $ 257 $ 1,000
Federal net operating loss carryforward 1,700    
State net operating loss carryforward 1,200    
Net operating losses 697 $ 660  
California | Research and Development Tax Credit Carryforward      
Operating Loss Carryforwards [Line Items]      
Tax credit carryforwards 146    
Federal | Research and Development Tax Credit Carryforward      
Operating Loss Carryforwards [Line Items]      
Tax credit carryforwards 278    
Foreign      
Operating Loss Carryforwards [Line Items]      
Net operating losses 1,300    
State      
Operating Loss Carryforwards [Line Items]      
State net operating loss carryforward 1,200    
Federal net operating loss carryforward not subject to expiration $ 191    
v3.24.0.1
Income Taxes - Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
Unrecognized tax benefits that, if recognized, would result in adjustments to the valuation allowance $ 183    
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Unrecognized tax benefits at beginning of year 69 $ 69 $ 7
Increases related to current year tax positions 47 19 62
Increases related to prior year tax positions 67 0 0
Decreases related to prior year tax positions 0 (19) 0
Unrecognized tax benefits at end of year $ 183 $ 69 $ 69
v3.24.0.1
Net Loss per Share Attributable to DoorDash, Inc. Common Stockholders (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Class of Stock [Line Items]      
Net loss including redeemable non-controlling interests $ (565) $ (1,368) $ (468)
Less: net loss attributable to redeemable non-controlling interests (7) (3) 0
Net loss attributable to DoorDash, Inc. common stockholders $ (558) $ (1,365) $ (468)
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) 392,948 371,413 336,847
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, basic (in shares) 392,948 371,413 336,847
Net loss per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) $ (1.42) $ (3.68) $ (1.39)
Net loss per share attributable to DoorDash, Inc. common stockholders, basic (in shares) $ (1.42) $ (3.68) $ (1.39)
Common Stock | Class A      
Class of Stock [Line Items]      
Net loss including redeemable non-controlling interests $ (525) $ (1,260) $ (424)
Less: net loss attributable to redeemable non-controlling interests (7) (3) 0
Net loss attributable to DoorDash, Inc. common stockholders $ (518) $ (1,257) $ (424)
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) 365,340 342,015 305,500
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, basic (in shares) 365,340 342,015 305,500
Net loss per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) $ (1.42) $ (3.68) $ (1.39)
Net loss per share attributable to DoorDash, Inc. common stockholders, basic (in shares) $ (1.42) $ (3.68) $ (1.39)
Common Stock | Class B      
Class of Stock [Line Items]      
Net loss including redeemable non-controlling interests $ (40) $ (108) $ (44)
Less: net loss attributable to redeemable non-controlling interests 0 0 0
Net loss attributable to DoorDash, Inc. common stockholders $ (40) $ (108) $ (44)
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) 27,608 29,398 31,347
Weighted-average number of shares outstanding used to compute net loss per share attributable to DoorDash, Inc. common stockholders, basic (in shares) 27,608 29,398 31,347
Net loss per share attributable to DoorDash, Inc. common stockholders, diluted (in shares) $ (1.42) $ (3.68) $ (1.39)
Net loss per share attributable to DoorDash, Inc. common stockholders, basic (in shares) $ (1.42) $ (3.68) $ (1.39)
v3.24.0.1
Net Loss per Share Attributable to DoorDash, Inc. Common Stockholders - Antidilutive Securities (Details) - shares
shares in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Total (in shares) 47,166 63,205 46,633
Stock options to purchase common stock      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Total (in shares) 9,022 16,021 19,115
Unvested restricted stock and restricted stock units      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Total (in shares) 38,072 45,172 27,518
Escrow shares      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Total (in shares) 72 2,012 0
v3.24.0.1
Variable Interest Entities -Narrative (Details)
$ in Millions, $ in Millions
 12 Months Ended
Jul. 01, 2022
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Jul. 01, 2022
CAD ($)
Dec. 31, 2020
USD ($)
Entity Information [Line Items]            
Other commitment $ 75       $ 98  
Other commitment, period 3 years          
Payments for contribution to other commitment $ 32       $ 41  
Assets   $ 10,839 $ 9,789      
Liabilities   4,026 3,021      
Redeemable non-controlling interests   7 14 $ 0   $ 0
Less: net loss attributable to redeemable non-controlling interests   (7) (3) $ 0    
Variable Interest Entity, Primary Beneficiary            
Entity Information [Line Items]            
Assets   39 68      
Liabilities   $ 11 $ 17      
v3.24.0.1
Restructuring - Narrative (Details)
$ in Millions
 12 Months Ended
Nov. 30, 2022
position
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Reclassification [Line Items]        
Restructuring charges   $ 2 $ 92 $ 0
2022 Restructuring Plan        
Reclassification [Line Items]        
Number of positions eliminated | position 1,250      
Percent of positions eliminated 7.00%      
Restructuring charges   2    
Payments for Restructuring   $ 50    
v3.24.0.1
Subsequent Events (Details) - USD ($)
$ in Millions
Feb. 20, 2024
Dec. 31, 2023
Feb. 28, 2023
Subsequent Event [Line Items]      
Stock repurchase program, authorized amount   $ 750 $ 750
Subsequent Event      
Subsequent Event [Line Items]      
Stock repurchase program, authorized amount $ 1,100