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DoorDash, Inc.

Food Delivery / On-Demand CommerceFounded 2013
Reviewed by Swet Parvadiya
Company data updated: October 2026
Independent Editorial Analysis
12 historical events · Editorial analysis

DoorDash Company Profile: Revenue, Business Model & Strategy

Research depth: 12 milestones · 10 FAQs

DoorDash is a San Francisco-based local commerce and delivery platform founded in 2013. It reported $13.7B in FY2025 revenue and $935M in net income, grew Q2 2026 revenue 36% to $4.45B, had about 31,400 employees at the end of 2025, and is led by co-founder and CEO Tony Xu.

How DoorDash makes money: DoorDash runs a three-sided marketplace. Consumers pay delivery and service fees (or a DashPass membership at $9.99 a month in the U.S.), merchants pay commissions that ranged from 15% to 30% under its U.S.

Revenue & employeesCEO historyFoundersBusiness model
Annual Revenue (FY2025)$13.7B
Employees31,400
CEOTony Xu
Founded2013
IndustryFood
By Swet ParvadiyaLast reviewed:
Data sources: annual reports, SEC filings, methodology
Industry:Food Delivery / On-Demand Commerce

DoorDash, Inc. key figures

DoorDash, Inc. had revenue of $13.7B for fiscal year 2025, up 27.9% from FY2024.

Source: company filing · Last reviewed October 2026

Revenue growth, FY2018 to FY2025
+73.4% a year
Compound annual rate, $291M to $13.7B
Peak revenue year
FY2025
The latest annual year is the highest in this series
Revenue per employee
$436,847
FY2025 revenue divided by 31,400 employees; headcount may use another date
Current chief executive
Tony Xu
In the role since 2013 (13 years)
Documented transactions
5
Between 2019 and 2025
Founded
2013
13 years ago
Where was DoorDash founded?
DoorDash was founded in Palo Alto, California in 2013. en.wikipedia.org
When did DoorDash start?
DoorDash was founded in 2013.
Who founded DoorDash?
DoorDash was founded by Tony Xu, Stanley Tang, Andy Fang and Evan Moore.
How old is DoorDash?
DoorDash is 13 years old as of 2026.
In-Depth Analysis
279 words · 2 min read

DoorDash was founded in January 2013 by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. It started as PaloAltoDelivery.com, a single web page with PDF menus and the founders' phone number, and the founders delivered the first orders themselves. The company joined Y Combinator that summer and took the DoorDash name.

The suburban strategy

While rivals concentrated on dense downtowns, DoorDash expanded into suburbs and smaller cities. Suburban orders tend to be larger family meals, roads are easier for Dashers, and fewer competitors meant DoorDash could build merchant selection and courier coverage first. By 2019 it had overtaken Grubhub as the U.S. leader by consumer spending, according to Bloomberg Second Measure.

DashPass, the pandemic and the IPO

DashPass, launched in 2018, gave members $0 delivery fees on eligible orders for a monthly fee and pushed up order frequency. Demand surged during the 2020 COVID-19 lockdowns, and DoorDash listed on NASDAQ in December 2020 at $102 per share.

From delivery app to local commerce platform

DoorDash added groceries, convenience, retail and its own DashMart stores, built an advertising business, and sold software and white-label delivery to merchants. It acquired Wolt in 2022, then SevenRooms and Deliveroo in 2025. Revenue reached $13.7 billion in 2025 with $935 million in net income, and Q2 2026 revenue rose 36% to $4.45 billion on 970 million orders.

The main risk

DoorDash depends on independent Dashers. Worker-classification rules, minimum-pay ordinances and fee caps can raise costs in major markets, while Uber Eats and grocery players compete for the same orders. Heavy 2026 spending on Deliveroo, AI and autonomous delivery is the company's bet that scale and new categories will outweigh those pressures.

Table of Contents

DoorDash, Inc. Key Facts

CompanyDoorDash, Inc.
Annual revenue change+27.9% (FY2024–FY2025)
Financials$13.7B (FY2025, last reviewed October 2026)
Market Cap$81.3B
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded2013
Founder(s)Tony Xu, Stanley Tang, Andy Fang, Evan Moore
CEOTony Xu
HeadquartersSan Francisco, California
IndustryFood Delivery / On-Demand Commerce
Employees31,400+

DoorDash Company Profile: Revenue, Business Model & Strategy

"DoorDash is no longer just a U.S. restaurant delivery app. After Wolt, Deliveroo and SevenRooms it is a global local-commerce platform that turns delivery density into merchant software, advertising and recurring membership relationships."

Why DoorDash, Inc. Wins

DoorDash wins through local density, merchant relationships, consumer frequency, DashPass loyalty, and category expansion. Once a market has enough consumers, merchants, and Dashers, service reliability improves and competitors have to spend heavily to catch up.

DoorDash, Inc. operates in a competitive market alongside Uber Technologies, Inc., Maplebear Inc. (Instacart), Amazon.com, Inc., Walmart Inc.. Analysts frequently compare DoorDash, Inc. and Uber Technologies, Inc. due to their overlapping products, target markets, and strategic positioning. See full comparison →

DoorDash is a San Francisco-based local commerce and delivery platform founded in 2013. It reported $13.7B in FY2025 revenue and $935M in net income, grew Q2 2026 revenue 36% to $4.45B, had about 31,400 employees at the end of 2025, and is led by co-founder and CEO Tony Xu.

Revenue

$13.7B

Founded

2013

Employees

31K+

Market Cap

$81.3B

Author: CorpDigest Research DeskCompany Research

Key Facts

  • Founded: DoorDash, Inc. was established in 2013 and is headquartered in San Francisco, California.
  • Revenue: DoorDash, Inc. had $13.7B in annual revenue (FY2025).
  • Valuation: Market capitalization of approximately $81.3B.
  • Scale: DoorDash, Inc. employs 31,400 people globally.
  • Business Model: DoorDash runs a three-sided marketplace.
  • Competitive Edge: DoorDash's advantage is local density.

How DoorDash Makes Money

Capital Allocation & Scaling Mechanics

DoorDash runs a three-sided marketplace. Consumers pay delivery and service fees (or a DashPass membership at $9.99 a month in the U.S.), merchants pay commissions that ranged from 15% to 30% under its U.S. Basic, Plus and Premier plans, and independent Dashers are paid per delivery plus 100% of tips. On top of that, DoorDash sells sponsored listings and brand ads, white-label delivery through DoorDash Drive, and software such as Storefront, Bbot and SevenRooms. In FY2025 revenue equalled about 13.4% of the $102.0 billion in Marketplace gross order value (GOV), which is the company's effective take rate.

Explore DoorDash, Inc. In Depth

📅DoorDash, Inc. History & Milestones💼How DoorDash, Inc. Makes Money📊DoorDash, Inc. Revenue & Financials⚔️DoorDash, Inc. Competitive Strategy & SWOT👤DoorDash, Inc. Founders & Origin Story🏆DoorDash, Inc. CEO History & Leadership🤝DoorDash, Inc. Acquisitions & Deals

What Is DoorDash, Inc.'s Growth Strategy?

DoorDash's growth strategy is to become the default local-commerce layer for every category, not just restaurants. That means grocery and convenience (including its own DashMart stores), retail partners, international scale through Wolt and Deliveroo, higher-margin advertising, the DashPass and Wolt+ membership programs, and merchant software such as SevenRooms. In 2026 it is also investing in autonomous delivery and AI, including a text-to-order agent inside Apple Messages launched in late September 2026.

How Much Revenue Does DoorDash Generate?

DoorDash has moved from a loss-making growth story to a profitable one. Revenue rose from $8.64 billion in 2023 to $10.72 billion in 2024 and $13.72 billion in 2025, while GAAP net income went from a loss in 2023 to $123 million in 2024 and $935 million in 2025. In Q2 2026, revenue grew 36% to $4.45 billion, Marketplace GOV rose 36% to $33.1 billion and adjusted EBITDA increased 40% to $914 million, but GAAP net income declined to $200 million because of higher spending on R&D, Deliveroo and new initiatives. Management guided Q3 2026 GOV of $33 billion to $34 billion and adjusted EBITDA of $950 million to $1.1 billion. DoorDash is a dominant technology company that operates the largest food delivery network in the US, commanding a market valuation frequently over $45 billion.

Financial MetricEstimated Value (2026)
Market Capitalization$81.3B
Employee Count31,400 +
Latest Annual Revenue$13.7B (FY2025)

Historical Revenue Chart

DoorDash, Inc. Annual Revenue History

All figures in USD.

Fiscal YearRevenue FigureYoY Change
FY2018$291MN/A
FY2019$885M+204.1%
FY2020$2.9B+226.1%
FY2021$4.9B+69.4%
FY2022$6.6B+34.7%
FY2023$8.6B+31.2%
FY2024$10.7B+24.2%
FY2025$13.7B+27.9%

The source for each year is listed on the DoorDash, Inc. financials page.

Core Strength

Dense marketplace network across consumers, merchants, and Dashers.

Key Weakness

Regulatory exposure around gig work and delivery economics.

Deep Dive into DoorDash, Inc. SWOT Analysis

Who Are DoorDash, Inc.'s Main Competitors?

DoorDash holds an absolute, crushing monopoly over the US food delivery market, capturing over 65% market share and fiercely dominating Uber Eats and Grubhub. Its absolute masterstroke was aggressively focusing on sprawling American suburbs (partnering with massive national chains) while Uber Eats fought a brutal, expensive war in dense urban centers. Today, DoorDash is heavily leveraging its massive, unassailable logistics network to aggressively expand into grocery and retail delivery, directly attacking Instacart's core business while introducing highly lucrative in-app advertising to drive massive free cash flow.

Top CompetitorsHead-to-Head Analysis
Uber Technologies, Inc.Compare vs Uber Technologies, Inc.→
Maplebear Inc. (Instacart)Compare vs Maplebear Inc. (Instacart)→

What Is DoorDash, Inc.'s Full Historical Timeline?

Historical Timeline & Strategic Pivots

Key Milestones

2018 -

DoorDash introduces a subscription product to drive consumer frequency.

2018 -

SoftBank led a $535 million investment in DoorDash in March 2018.

2019 -

DoorDash acquired Caviar for $410 million. Bought the Caviar premium restaurant delivery service from Square to add upscale urban restaurants that had avoided mass-market delivery apps.

2021 -

DoorDash bought the salad-robot maker Chowbotics in February 2021.

2022 -

DoorDash closes the Wolt acquisition, expanding internationally.

2025 -

DoorDash acquires SevenRooms to add restaurant reservation and CRM software.

2025 -

DoorDash acquires Deliveroo for $3.724 billion in purchase consideration.

2026 -

Revenue reaches $4.45 billion and adjusted EBITDA $914 million in Q2 2026.

2026 -

DoorDash introduces a text-to-order AI agent inside Apple Messages.

Risks & Weaknesses

Analytical Assessment

Primary Risk Factor

DoorDash's biggest risk is worker-classification and fee regulation combined with delivery competition. If major markets force employee-like costs or cap fees while competitors keep discounting, profitability could compress.

Risk assessment based on public filings, SWOT analysis, and verified industry data. Not financial advice.

How Did DoorDash Start and Grow?

Established

2013

Fiscal Revenue (FY2025)

$13.7B

Workforce

31K+

HQ Location

San Francisco, California

Innovation & R&D Snapshot

()

Text-to-order AI agent that lets users order through Apple Messages, launched in late September 2026.

()

Robot and drone delivery tests, including partnerships with Wing for drone delivery and DoorDash's own autonomy work.

Explore DoorDash In Depth

Detailed research across every dimension of DoorDash — history, financials, leadership, and strategy.

Company History

DoorDash is the largest food delivery platform in the United States by consumer spending share and one of the largest in the world.

Full DoorDash history →

Revenue & Financials

DoorDash had $13.7B in revenue for fiscal year 2025. Data covers 8 fiscal years. Market capitalization stands at approximately $81B.

DoorDash financials →

Founders

DoorDash was founded by Tony Xu, Stanley Tang, Andy Fang, Evan Moore in 2013 in Palo Alto, California. Explore each founder's background, motivations, and their role in building the company.

DoorDash founders →

CEO & Leadership

DoorDash is currently led by Tony Xu. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

DoorDash CEO history →

Business Model

DoorDash runs a three-sided marketplace. Consumers pay delivery and service fees (or a DashPass membership at $9.99 a month in the U.S.), merchants pay commissions that ranged from 15% to 30% under its U.S.

How DoorDash makes money →

Acquisitions

DoorDash has completed 5 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

DoorDash acquisitions →

Competitive Strategy

DoorDash's growth strategy is to become the default local-commerce layer for every category, not just restaurants.

DoorDash strategy →

Related Company Comparisons

CorpDigest Research Desk

 Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

About the Author →Our Methodology →

Frequently Asked Questions About DoorDash

What is DoorDash?

DoorDash, Inc. (NASDAQ: DASH) is a San Francisco-based local commerce platform that delivers restaurant meals, groceries, convenience and retail items through the DoorDash, Wolt and Deliveroo apps. It is the largest U.S. food delivery service by consumer spending share and operates in more than 40 countries.

How does DoorDash make money?

DoorDash earns consumer delivery and service fees, merchant commissions, DashPass membership fees, advertising revenue, and fees from DoorDash Drive and merchant software such as SevenRooms. In 2025 its revenue was about 13.4% of the $102.0 billion in Marketplace gross order value.

Who owns DoorDash?

DoorDash is a public company listed on NASDAQ under the ticker DASH, owned by institutional and retail shareholders. Co-founder Tony Xu holds Class B shares with extra votes, giving him significant voting influence.

Who is the CEO of DoorDash?

Tony Xu, who co-founded DoorDash in 2013, is CEO and chair of the board. Ravi Inukonda is chief financial officer.

What was DoorDash's revenue in 2025 and 2026?

DoorDash reported $13.72 billion in revenue for 2025, up 28% from $10.72 billion in 2024, with $935 million in net income. In Q2 2026, revenue grew 36% year over year to $4.45 billion.

Who are DoorDash's main competitors?

In the U.S., DoorDash's main competitor is Uber Eats, with Instacart, Amazon and Walmart competing in grocery and convenience delivery. In Europe, Wolt and Deliveroo compete with Just Eat Takeaway, Glovo and Uber Eats.

When was DoorDash founded and by whom?

DoorDash was founded in January 2013 in Palo Alto by Stanford students Tony Xu, Stanley Tang, Andy Fang and Evan Moore. It began as PaloAltoDelivery.com and joined Y Combinator's Summer 2013 batch.

What companies has DoorDash acquired?

DoorDash's major acquisitions include Caviar (2019, $410 million from Square), Wolt (closed 2022, all-stock deal announced at about $8.1 billion), Bbot (2022), SevenRooms (2025) and Deliveroo (2025, about $3.83 billion (£2.9 billion) at 180p per share).

How many employees does DoorDash have?

DoorDash had about 31,400 employees as of December 31, 2025, up roughly 32% from 2024 following the Deliveroo acquisition. Dashers are independent contractors and are not counted as employees.

Does DoorDash own Caviar?

Yes, DoorDash acquired the premium food delivery service Caviar from Square (now Block) in 2019.

Analysis: How DoorDash, Inc. Makes Money

Deep dive into the DoorDash, Inc. business model, revenue streams, and strategic moats in 2026.

Competitor Benchmarking

DoorDash, Inc. vs Uber Technologies, Inc.DoorDash, Inc. vs Maplebear Inc. (Instacart)

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Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

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This corporate intelligence report on DoorDash, Inc. compiles data from verified filings. Explore more detailed brand histories and company histories in the global Food Delivery / On-Demand Commerce marketplace.

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Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

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Sources & References

The data and narrative synthesized in this intelligence report were verified against primary sources:

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.