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 05, 2026--(BUSINESS WIRE)--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

Results by Offering and Segment

Gross Bookings

Revenue

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

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.

Forward-Looking Statements

This press release contains forward-looking statements regarding our future business expectations which involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "objective," "ongoing," "plan," "potential," "predict," "project," "should," "target," "will," or "would" or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors relate to, among others: competition, managing our growth and corporate culture, financial performance, investments in new products or offerings, our ability to attract drivers, consumers and other partners to our platform, our brand and reputation and other legal and regulatory developments, particularly with respect to our relationships with drivers and couriers and the impact of the global economy, including rising inflation and interest rates. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports and other filings filed with the Securities and Exchange Commission from time to time. All information provided in this release and in the attachments is as of the date of this press release and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

Non-GAAP Financial Measures

To supplement our financial information, which is prepared and presented in accordance with generally accepted accounting principles in the United States of America ("GAAP"), we use the following non-GAAP financial measures: Adjusted EBITDA; Non-GAAP Operating Income; Non-GAAP Net Income; Non-GAAP EPS; Free cash flow; as well as, revenue growth rates in constant currency. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our recurring core business operating results.

We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management's internal comparisons to our historical performance. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

There are a number of limitations related to the use of non-GAAP financial measures. In light of these limitations, we provide specific information regarding the GAAP amounts excluded from these non-GAAP financial measures and evaluating these non-GAAP financial measures together with their relevant financial measures in accordance with GAAP.

For more information on these non-GAAP financial measures, please see the sections titled "Definitions of Non-GAAP Measures" and "Reconciliations of Non-GAAP Measures" included at the end of this release. In regards to forward looking non-GAAP guidance, we are not able to reconcile the forward-looking Non-GAAP EPS and Adjusted EBITDA measures to the closest corresponding GAAP measures without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items. These items include, but are not limited to, significant legal settlements, unrealized gains and losses on equity investments, tax and regulatory reserve changes, restructuring costs and acquisition and financing related impacts.