Uber Announces Results for Third Quarter 2026

Gross Bookings grew 20% year-over-year on a constant currency basis GAAP Income from operations of $1.4 billion; Non-GAAP Operating Income of $2.3 billion, up 38% year-over-year GAAP Diluted EPS of $0.25; Non-GAAP EPS of $0.88, up 35% year-over-yearSAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2026. “Uber delivered its fifth consecutive quarter of 20%+ Gross Bookings growth, driven by record audience and consumer engagement,” said Dara Khosrowshahi, CEO. “We’re investing from a position of strength to expand Mobility supply, build on Delivery’s momentum, and deepen engagement across our platform. Our focus on autonomous is now on commercial execution, with approximately 700 fully driverless vehicles expected on Uber by year-end and over 2,000 in 2027.” “Uber continues to translate strong growth into expanding profitability, with Non-GAAP Operating Income margins reaching a record 3.9% of Gross Bookings and Non-GAAP EPS growing 35%," said Balaji Krishnamurthy, CFO. “Our Q4 outlook reinforces our confidence in the durability of our financial model as we enter 2027. We remain disciplined in capital allocation, maintaining a high bar for investments in our core businesses and autonomy to drive Uber’s next phase of growth.” Financial and Operational Highlights for Third Quarter 2026 Trips during the quarter grew 16% year-over-year (“YoY”) to 4.1 billion, driven by Monthly Active Platform Consumers (“MAPCs") growth of 14% YoY and monthly Trips per MAPC growth of 2% YoY. Gross Bookings grew 20% YoY to $59.8 billion, and 20% on a constant currency basis. Revenue grew 10% YoY to $14.8 billion, and 10% 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 $1.4 billion. GAAP Net income attributable to Uber Technologies, Inc. was $512 million, which includes a $476 million net loss (pre-tax) from revaluations of Uber’s equity investments. GAAP Diluted earnings per share (“EPS”) was $0.25. Adjusted EBITDA grew 31% YoY to $3.0 billion. Adjusted EBITDA margin as a percentage of Gross Bookings was 5.0%, up from 4.5% in Q3 2025. Non-GAAP Operating Income grew 38% YoY to $2.3 billion. Non-GAAP Operating Income as a percentage of Gross Bookings was 3.9%, up from 3.4% in Q3 2025. Non-GAAP Net Income grew 29% YoY to $1.8 billion and Non-GAAP EPS grew 35% YoY to $0.88. Net cash provided by operating activities was $2.6 billion and free cash flow, defined as net cash flows from operating activities less capital expenditures, was $2.5 billion. Unrestricted cash, cash equivalents, and short-term investments were $10.1 billion at the end of the third quarter. Outlook for Q4 2026 For Q4 2026, we anticipate: Gross Bookings of $63.25 billion to $65.25 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 $0.95 to $0.99, representing growth of 34% to 39% YoY. Our outlook translates to Adjusted EBITDA of $3.13 billion to $3.23 billion. Financial and Operational Highlights for Third Quarter 2026 Three Months Ended September 30, (In millions, except percentages and per share amounts) 2025 2026 % Change % Change (Constant Currency (1)) Monthly Active Platform Consumers (“MAPCs”) 189 215 14 % Trips 3,512 4,061 16 % Gross Bookings $ 49,740 $ 59,819 20 % 20 % Revenue $ 13,467 $ 14,766 10 % 10 % GAAP Income from operations $ 1,113 $ 1,447 30 % GAAP Net income attributable to Uber Technologies, Inc. (2) $ 6,626 $ 512 (92 )% GAAP Diluted EPS $ 3.11 $ 0.25 (92 )% Adjusted EBITDA (1) $ 2,256 $ 2,963 31 % Non-GAAP Operating Income (1) $ 1,675 $ 2,304 38 % Non-GAAP Net Income (1) $ 1,389 $ 1,796 29 % Non-GAAP EPS (1) $ 0.65 $ 0.88 35 % Net cash provided by operating activities $ 2,328 $ 2,639 13 % Free cash flow (1) $ 2,230 $ 2,535 14 % (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) Q3 2025 net income includes a $4.9 billion benefit from a tax valuation release and a $1.5 billion net benefit (pre-tax) from revaluations of Uber’s equity investments. Q3 2026 net income includes a $476 million net loss (pre-tax) from revaluations of Uber’s equity investments. Results by Offering and Segment Gross Bookings Three Months Ended September 30, (In millions, except percentages) 2025 2026 % Change % Change (Constant Currency) Gross Bookings: Mobility $ 25,111 $ 29,512 18 % 17 % Delivery 23,322 28,539 22 % 23 % Freight 1,307 1,768 35 % 35 % Total $ 49,740 $ 59,819 20 % 20 % Revenue Three Months Ended September 30, (In millions, except percentages) 2025 2026 % Change % Change (Constant Currency) Revenue: Mobility $ 7,682 $ 7,520 (2 )% (2 )% Delivery 4,477 5,488 23 % 23 % Freight 1,308 1,758 34 % 34 % Total $ 13,467 $ 14,766 10 % 10 % Non-GAAP Operating Income and Segment Operating Income (Loss) Three Months Ended September 30, (In millions, except percentages) 2025 2026 % Change Segment Operating Income (Loss): Mobility $ 1,864 $ 2,362 27 % Delivery 811 1,057 30 % Freight (40 ) (33 ) 18 % Corporate G&A and Platform R&D (1) (960 ) (1,082 ) (13 )% Non-GAAP Operating Income (2) $ 1,675 $ 2,304 38 % (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 third quarter ended September 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 November 4, 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 83 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. 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Uber Announces Results for Third Quarter 2026

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