FoodBud
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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

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Company card

Talabat Holding plc

High
Brand

DFM TALABAT · Middle East

Listing status
listed
Operating model
Marketplace Platform
Scale basis
GMV / system sales
Confidence
High
Segment
food delivery marketplace

MENA delivery marketplace; no restaurant-store denominator, so use GMV/revenue platform scale rather than store productivity.

Scale basis note

Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Scale
Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
$9.42B
FY2025 (ended Dec 31, 2025): For the full year, GMV grew 28% to USD 9.5 billion and revenue 33% to USD 3.9 billion, both at constant currency.
GMV / system salesTerminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · For the full year, GMV grew 28% to USD 9.5 billion and revenue 33% to USD 3.9 billion, both at constant currency.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: GMV / system sales
Precision: Source-backed
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$464M
FY2025 (ended Dec 31, 2025): Net income reached USD 464 million, or 4.9% of GMV and the Company generated Adjusted Free Cash Flow of USD 559 million, or 5.9% of GMV, both figures landing near guidance.
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Net income reached USD 464 million, or 4.9% of GMV and the Company generated Adjusted Free Cash Flow of USD 559 million, or 5.9% of GMV, both figures landing near guidance.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$3.76B
FY2025
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Official Annual Report · Annual Report 2025 discloses GMV USD9.421B, IFRS revenue USD3.756B, adjusted EBITDA USD615M, net income USD464M, 7.7M monthly active users, 84k active partners and 157k active riders.
Provenance
Tier: S1 official primary
Source: Official Annual Report
As of: FY2025
Basis: Revenue proxy

Operator profile

6/20 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
not disclosed
Cuisine (secondary)
not disclosed
Service model
delivery onlyS1 official primary (opens in new tab)
Price tier
not disclosed
Company
Founded
not disclosed
HQ country
UAES1 official primary (opens in new tab)
CEO
not disclosed
Employees
not disclosed
Ownership
Parent
Delivery Hero MENA Holding GmbHS1 official primary (opens in new tab)
PE / holding
Delivery Hero SE ultimate parentS1 official primary (opens in new tab)
Recent M&A
Acquired 100% of InstaShop Ltd in 2025S1 official primary (opens in new tab)
Growth
System sales YoY
not disclosed
Revenue YoY
31%S1 official primary (opens in new tab)
Net new units
not disclosed
Pricing & digital
Avg check
not disclosed
Digital sales
not disclosed
Off-premise
not disclosed
Franchise terms
Royalty
not disclosed
Franchise fee
not disclosed

Single-store model

0/1 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Honest gap: no L1 basis to derive from (private/seed or platform).
—
FY2024_or_latest_L1
Gap

Cost structure

1/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS—
FY2024Gap
DELIVERY PLATFORM, not restaurant operator - no food/labor/rent. Revenue USD2,872M=38.7% of GMV USD7,428M (commission+subscription+delivery fees+advertising charged to merchants). Cost mainly rider/logistics. Net margin 12.0; 4.7% of GMV.
Labor—
FY2024Gap
DELIVERY PLATFORM, not restaurant operator - no food/labor/rent. Revenue USD2,872M=38.7% of GMV USD7,428M (commission+subscription+delivery fees+advertising charged to merchants). Cost mainly rider/logistics. Net margin 12.0; 4.7% of GMV.
Rent / occupancy—
FY2024Gap
DELIVERY PLATFORM, not restaurant operator - no food/labor/rent. Revenue USD2,872M=38.7% of GMV USD7,428M (commission+subscription+delivery fees+advertising charged to merchants). Cost mainly rider/logistics. Net margin 12.0; 4.7% of GMV.
Delivery commission—
FY2024· N/A - Talabat IS the platform; rider/logistics is its cost of revenue, not a commission paidGap
DELIVERY PLATFORM, not restaurant operator - no food/labor/rent. Revenue USD2,872M=38.7% of GMV USD7,428M (commission+subscription+delivery fees+advertising charged to merchants). Cost mainly rider/logistics. Net margin 12.0; 4.7% of GMV.
Marketing—
FY2024Gap
DELIVERY PLATFORM, not restaurant operator - no food/labor/rent. Revenue USD2,872M=38.7% of GMV USD7,428M (commission+subscription+delivery fees+advertising charged to merchants). Cost mainly rider/logistics. Net margin 12.0; 4.7% of GMV.
Operating margin12%
FY2024· net profit margin (net USD346M/rev USD2,872M = 12.0; also 4.7% of GMV)S1 official primary (opens in new tab)Source-backed
DELIVERY PLATFORM, not restaurant operator - no food/labor/rent. Revenue USD2,872M=38.7% of GMV USD7,428M (commission+subscription+delivery fees+advertising charged to merchants). Cost mainly rider/logistics. Net margin 12.0; 4.7% of GMV.

Supply chain

4 suppliers · 4 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Delivery Hero Innovations Hub GmbH (DH Innovations)
Tech / SaaS
discloses as: Talabat Holding plc
—named (no % disclosed)S1 filingsource (opens in new tab)
Delivery Hero SEETR:DHER
Tech / SaaS
discloses as: Talabat Holding plc
—named (no % disclosed)S1 filingsource (opens in new tab)
Mastercard Asia/Pacific Pte LtdNYSE:MA
Tech / SaaS
discloses as: Talabat Holding plc
—named (no % disclosed)S1 filingsource (opens in new tab)
InstaShop DMCC
Other
discloses as: Talabat Holding plc
—named (no % disclosed)S1 filingsource (opens in new tab)