Uber Announces Results for Second Quarter 2026 (Form 8-K)

Uber Announces Results for Second Quarter 2026

Gross Bookings grew 22% year-over-year on a constant currency basis; Trips grew 18% year-over-year

GAAP Income from operations of $1.9 billion; Non-GAAP Operating Income of $2.1 billion, up 40% year-over-year

GAAP Diluted EPS of $1.17; Non-GAAP EPS of $0.81, up 35% year-over-year

SAN FRANCISCO - August 5, 2026 - Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2026.

"Uber's platform advantage continues to compound: record consumers and engagement, and profitable growth across our business," said Dara Khosrowshahi, CEO. "In fact, we've added more first-time users over the past twelve months than in any period over the past five years. We're investing from a position of strength, as we accelerate our cross-platform strategy at a global scale and build the world's largest platform for autonomous vehicles."

"We continue to convert strong top-line growth into faster earnings and significant cash generation," said Balaji Krishnamurthy, CFO. "Gross Bookings grew 22%, Non-GAAP EPS grew 35%, and trailing twelve-month free cash flow exceeded $10 billion for the first time in Uber's history-giving us the flexibility to both invest for the future and pursue strategic opportunities, while continuing to reduce our share count."

Financial and Operational Highlights for Second Quarter 2026

•Trips during the quarter grew 18% year-over-year ("YoY") to 3.9 billion, driven by Monthly Active Platform Consumers ("MAPCs") growth of 16% YoY and monthly Trips per MAPC growth of 2% YoY.

•Gross Bookings grew 24% YoY to $58.0 billion, and 22% on a constant currency basis.

•Revenue grew 12% YoY to $14.2 billion, or 11% on a constant currency basis. Business model changes negatively impacted total revenue YoY growth by 8 percentage points on a reported and constant currency basis.

•GAAP Income from operations grew 30% YoY to $1.9 billion.

•GAAP Net income attributable to Uber Technologies, Inc. was $2.4 billion, which includes a $1.6 billion net benefit (pre-tax) from revaluations of Uber's equity investments. GAAP Diluted earnings per share ("EPS") was $1.17.

•Adjusted EBITDA grew 33% YoY to $2.8 billion. Adjusted EBITDA margin as a percentage of Gross Bookings was 4.9%, up from 4.5% in Q2 2025.

•Non-GAAP Operating Income grew 40% YoY to $2.1 billion. Non-GAAP Operating Income as a percentage of Gross Bookings was 3.7%, up from 3.3% in Q2 2025.

•Non-GAAP Net Income grew 29% YoY to $1.7 billion and Non-GAAP EPS grew 35% YoY to $0.81.

•Net cash provided by operating activities was $2.9 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $2.8 billion.

•Unrestricted cash, cash equivalents, and short-term investments were $5.4 billion at the end of the second quarter.

Outlook for Q3 2026

For Q3 2026, we anticipate:

•Gross Bookings of $58.25 billion to $60.25 billion, representing growth of 18% to 22% YoY on a constant-currency basis.

◦Our outlook assumes a roughly 1 percentage-point currency headwind to total reported YoY growth.

•Non-GAAP EPS of $0.84 to $0.88, representing growth of 28% to 35% YoY.

◦Our outlook translates to Adjusted EBITDA of $2.86 billion to $2.96 billion.

Financial and Operational Highlights for Second Quarter 2026

						Three Months Ended June 30,
(In millions, except percentages and per share amounts)						2025						2026						% Change						% Change (Constant Currency (1))
Monthly Active Platform Consumers ("MAPCs")						180						208						16		%
Trips						3,268						3,867						18		%
Gross Bookings						$	46,756					$	58,022					24		%				22		%
Revenue						$	12,651					$	14,191					12		%				11		%
GAAP Income from operations						$	1,450					$	1,890					30		%
GAAP Net income attributable to Uber Technologies, Inc. (2)						$	1,355					$	2,394					77		%
GAAP Diluted EPS						$	0.63					$	1.17					85		%
Adjusted EBITDA (1)						$	2,119					$	2,819					33		%
Non-GAAP Operating Income (1)						$	1,534					$	2,143					40		%
Non-GAAP Net Income (1)						$	1,280					$	1,652					29		%
Non-GAAP EPS (1)						$	0.60					$	0.81					35		%
Net cash provided by operating activities						$	2,564					$	2,862					12		%
Free cash flow (1)						$	2,475					$	2,792					13		%

(1) See "Definitions of Non-GAAP Measures" and "Reconciliations of Non-GAAP Measures" sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

(2) Q2 2025 net income includes a $17 million net headwind (pre-tax) from revaluations of Uber's equity investments. Q2 2026 net income includes a $1.6 billion net benefit (pre-tax) from revaluations of Uber's equity investments.

Results by Offering and Segment

Gross Bookings

						Three Months Ended June 30,
(In millions, except percentages)						2025						2026						% Change						% Change (Constant Currency)
Gross Bookings:
Mobility						$	23,762					$	28,988					22		%				20		%
Delivery						21,734						27,463						26		%				25		%
Freight						1,260						1,571						25		%				25		%
Total						$	46,756					$	58,022					24		%				22		%

Revenue

						Three Months Ended June 30,
(In millions, except percentages)						2025						2026						% Change						% Change (Constant Currency)
Revenue:
Mobility						$	7,288					$	7,363					1		%				0		%
Delivery						4,102						5,245						28		%				26		%
Freight						1,261						1,583						26		%				25		%
Total						$	12,651					$	14,191					12		%				11		%

Non-GAAP Operating Income and Segment Operating Income (Loss)

						Three Months Ended June 30,
(In millions, except percentages)						2025						2026						% Change
Segment Operating Income (Loss):
Mobility						$	1,729					$	2,215					28		%
Delivery						766						1,055						38		%
Freight						(26)						(24)						8		%
Corporate G&A and Platform R&D (1)						(935)						(1,103)						(18)		%
Non-GAAP Operating Income (2)						$	1,534					$	2,143					40		%

(1) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.

(2) "Non-GAAP Operating Income" is a non-GAAP measure as defined by the SEC. See "Definitions of Non-GAAP Measures" and "Reconciliations of Non-GAAP Measures" sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

Webcast and conference call information

A live audio webcast of our second quarter ended June 30, 2026 earnings release call will be available at https://investor.uber.com/, along with the earnings press release and slide presentation. The call begins on August 5, 2026 at 5:00 AM (PT) / 8:00 AM (ET). This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.

We also provide announcements regarding our financial performance and other matters, including SEC filings, investor events, press and earnings releases, on our investor relations website (https://investor.uber.com/), and our blogs (https://uber.com/blog) and X accounts (@uber and @dkhos), as a means of disclosing material information and complying with our disclosure obligations under Regulation FD.

About Uber

Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 79 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.