DoorDash Inc Ordinary Shares - Class A

DASH: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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DoorDash Flywheel Is Intact and Food Delivery Has Cleaner Autonmous Upside Relative to Ridehail

Mark Giarelli

Aug 19, 2026

Business Strategy and Outlook

DoorDash is the premier food and convenience delivery marketplace in North America, commanding approximately 65% of the total market. Its closest competitor, Uber Eats, holds roughly 30%. DoorDash expanded its global presence with the acquisition of Wolt in 2022, which has successfully penetrated markets in Europe and Asia, diversifying the company geographically. As of December 2025, DoorDash boasts approximately 56 million monthly active users and recently facilitated 3.2 billion orders for the year, a record level of engagement on the marketplace network.

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DoorDash Inc Ordinary Shares - Class A

DoorDash Flywheel Is Intact and Food Delivery Has Cleaner Autonmous Upside Relative to Ridehail

Business Strategy and Outlook

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