Uber Technologies, Inc. (UBER) financials

NYSE · Technology · Software - Application · 36,600 employees · CEO Dara Khosrowshahi

Price: $65.25 -0.74%
Market cap: $133B
Enterprise value: $143B
Last report: Q2 '26 filed 2026-08-05
Next report: 2026-11-04 EPS est. $0.86

Revenue (TTM)$55.2B+16.7% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)12.5%+2.9 pp vs a year agoOperating income $6.89B

Net income (TTM)$9.58B-24.1% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$10.1B+18.5% vs a year agoCapex $308M

Diluted EPS (TTM)$4.55-22.5% vs a year agoSum of the last 4 quarters

Net cash-$9.34B-147.0% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $133B
Revenue: $55.2B
Revenue growth: +11%
Profit margin: 17.3%
P/E: 14.1×
P/S: 2.4×
EV / EBITDA: 17.8×
Free cash flow: $10.1B
Net income: $9.58B
Revenue estimate: $57.8B
Earnings: 2026-11-04
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-08-05): revenue in line, EPS beat by 0.6%Revenue $14.2B vs $14.2B expected (-0.3%); EPS $0.81 vs $0.81 (+0.6%).
Revenue growth slowing: 12.2% year on yearQ2 '26 revenue $14.2B, against an average of 18.3% over the four quarters before.
Operating margin 12.5% (TTM), +2.9 pp on a year agoOperating income grew 52.8% while revenue grew 16.7%.
Capex 0.6% of revenue (a year ago 0.5%)$308M invested in the last 4 quarters (+23.7% on a year earlier). Free cash flow $10.1B = 105.6% of net income.
Returned $6.9B to shareholders = 68.2% of free cash flowBuybacks $6.9B (a year earlier $4.08B), dividends $0, stock-based pay $1.94B (TTM).
Diluted share count down 3.5% in a year2.05B diluted shares in Q2 '26, 2.12B a year earlier.
Net debt $9.34BCash + short-term investments $5.39B, debt incl. leases $14.7B; a year ago net debt $3.78B.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q2 '26	Year ago	Change
Revenue	$14.2B	$12.7B	+12.2%
Gross margin	44.9%	39.8%	+5.1 pp
Operating income	$2.08B	$1.45B	+43.3%
Operating margin	14.6%	11.5%	+3.2 pp
Net income	$2.39B	$1.36B	+76.7%
Diluted EPS	$1.17	$0.63	+85.7%
Operating cash flow	$2.86B	$2.56B	+11.6%
Capex	$70M	$89M	-21.3%
Free cash flow	$2.79B	$2.48B	+12.8%
R&D	$1.04B	$840M	+24.2%
Stock-based compensation	$550M	$475M	+15.8%

Reported vs consensus

2026-08-05

	Actual	Consensus	vs consensus
Revenue	$14.2B	$14.2B	-0.3%
EPS (as estimated)	$0.81	$0.81	+0.6%

From the report of 2026-08-05 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q2 '26	y/y	Share	TTM	TTM y/y
Mobility	$7.36B	+1.0%	51.9%	$30B	+10.9%
Delivery	$5.25B	+27.9%	37.0%	$19.7B	+30.2%
Freight	$1.58B	+25.5%	11.2%	$5.5B	+7.7%

Revenue by region

share of total

Segment	Q2 '26	y/y	Share	TTM	TTM y/y
United States And Canada	$7.61B	+16.0%	53.6%	$28.4B	+13.3%
EMEA	$3.75B	-3.7%	26.4%	$16.3B	+16.5%
Asia Pacific	$1.81B	+28.8%	12.7%	$6.66B	+25.3%
Latin America	$1.02B	+29.5%	7.2%	$3.82B	+31.2%

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q2 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Material Reconciling Items	–	–	–	–	–	–	–
Mobility	–	–	$2.22B	–	–	–	–
Delivery	–	–	$1.06B	–	–	–	–
Freight	–	–	-$24M	–	–	–	–

Operating income by segment

quarterly

Segment operating margin

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $10.4B
Capex: -$308M
Buybacks: -$6.9B
Dividends: $0
Acquisitions: -$773M
Net debt issued: $1.72B
Stock-based compensation: $1.94B
Free cash flow: $10.1B
Returned to shareholders / FCF: 68.2%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	14.1×	32.7× 3 of 5 years	12.8× – 68.4×
EV / EBITDA	17.8×	80.8× 4 of 5 years	24.4× – 239.0×
EV / Sales	2.6×	3.3×	1.7× – 4.9×
Price / FCF	13.2×	49.5× 4 of 5 years	17.5× – 125.1×
Price / Book	4.9×	7.1×	5.5× – 11.1×
FCF yield	7.6%	2.7%	-0.9% – 5.7%
Return on invested capital	13.0%	1.4%	-7.6% – 11.2%
Return on equity	35.7%	-5.7%	-124.5% – 45.7%

Analysts

Consensus target $104.41 (+60.0%)
range $74.00 – $150.00 · rating Buy

Strong buy1

Buy51

Hold11

Sell0

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$57.8B	+11.1%	$3.36	-28.9%	19.4×	29
FY2027	$66.8B	+15.5%	$4.44	+31.9%	14.7×	29
FY2028	$75.9B	+13.7%	$5.59	+26.0%	11.7×	24
FY2029	$83.6B	+10.1%	$6.48	+15.9%	10.1×	21
FY2030	$90.9B	+8.7%	$7.30	+12.5%	8.9×	13

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 310 figures Uber Technologies, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	-$35M	-$51M	+31.4%	–	–	–
Accounts Payable, Current	$1.37B	$1.02B	+33.7%	$1.01B	$858M	+18.1%
Accounts Receivable, after Allowance for Credit Loss, Current	$4.3B	$3.77B	+14.0%	$3.83B	$3.33B	+14.8%
Accounts Receivable, Allowance for Credit Loss, Current	$93M	$101M	-7.9%	$91M	$95M	-4.2%
Accretion (Amortization) of Discounts and Premiums, Investments	–	–	–	$158M	$251M	-37.1%
Accrued Employee Benefits, Current	$573M	$480M	+19.4%	$777M	$649M	+19.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$432M	-$435M	+0.7%	-$432M	-$517M	+16.4%
Additional Paid in Capital	$35.7B	$40.6B	-12.1%	$38.1B	$42.8B	-11.0%
Advertising Expense	–	–	–	$2.2B	$1.9B	+15.8%
Amortization of Intangible Assets	$64M	$65M	-1.5%	$269M	$294M	-8.5%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	–	–	–	4.7M	21.6M	-78.2%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$563M	$489M	+15.1%	$1.88B	$1.85B	+1.8%
Assets	$65.8B	$56B	+17.5%	$61.8B	$51.2B	+20.6%
Assets, Current	$12.5B	$14.1B	-11.2%	$14B	$12.2B	+14.3%
Cash and Cash Equivalents, at Carrying Value	$4.87B	$6.44B	-24.4%	$7.11B	$5.89B	+20.6%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$7.18B	$9.67B	-25.8%	$9.65B	$8.61B	+12.0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$933M	$1.07B	-187.4%	$1.04B	$1.61B	-35.4%
Commercial Paper	$0	$0	–	$0	–	–
Common Stock, Dividends, Per Share, Declared	–	–	–	$0.00	$0.00	–
Common Stock, Par or Stated Value Per Share	$0.00	$0.00	0.0%	$0.00	$0.00	0.0%
Common Stock, Shares Authorized	5B	5B	0.0%	5B	5B	0.0%
Common Stock, Shares, Issued	2.04B	2.09B	-2.2%	2.07B	2.11B	-1.9%
Common Stock, Shares, Outstanding	2.04B	2.09B	-2.2%	2.07B	2.11B	-1.9%
Common Stock, Value, Issued	$0	$0	–	$0	$0	–
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$22M	-$5M	+540.0%	$40M	-$11M	+463.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$2.38B	$1.41B	+69.6%	$10.1B	$9.76B	+3.9%
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$2.41B	$1.4B	+71.8%	$10.2B	$9.75B	+4.4%
Contract with Customer, Receivable, Credit Loss Expense (Reversal)	–	–	–	$249M	$252M	-1.2%
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization	$7.82B	$7.61B	+2.7%	$31.3B	$26.7B	+17.6%
Costs and Expenses	$12.3B	$11.2B	+9.8%	$46.5B	$41.2B	+12.8%
Current Federal Tax Expense (Benefit)	–	–	–	$164M	$22M	+645.5%
Current Foreign Tax Expense (Benefit)	–	–	–	$153M	$205M	-25.4%
Current Income Tax Expense (Benefit)	–	–	–	$433M	$269M	+61.0%
Current State and Local Tax Expense (Benefit)	–	–	–	$116M	$42M	+176.2%
Debt and Equity Securities, Gain (Loss)	$1.61B	-$17M	+9,582.4%	$1.83B2024-12-31	$1.61B	+13.8%
Debt and Equity Securities, Unrealized Gain (Loss)	-$1.47B2026-03-31	$51M	-2,990.2%	-$97M	$1.83B	-105.3%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$76M	$71M	+7.0%	$79M	$78M	+1.3%
Debt Securities, Available-for-sale	$10.1B	$10.4B	-2.4%	$10.3B	$8.56B	+20.6%
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	$1M	$5M	-80.0%	$12M	$8M	+50.0%
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	$12M	$2M	+500.0%	$0	$4M	-100.0%
Debt Securities, Available-for-sale, Allowance for Credit Loss	$0	$0	–	$0	$0	–
Debt Securities, Available-for-sale, Amortized Cost	$10.1B	$10.4B	-2.3%	$10.3B	$8.56B	+20.5%
Debt Securities, Available-for-sale, Realized Gain (Loss)	–	–	–	$0	$0	–
Deferred Federal Income Tax Expense (Benefit)	–	–	–	-$118M	-$5.15B	+97.7%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	-$4.76B	-$16M	-29,643.8%
Deferred Income Tax Assets, Net	$10.2B	$6.52B	+55.8%	$11B	$6.17B	+77.5%
Deferred Income Tax Expense (Benefit)	$665M	$87M	+664.4%	-$4.78B	-$6.03B	+20.7%
Deferred Income Tax Liabilities, Net	$26M	$68M	-61.8%	$31M	$9M	+244.4%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	$98M	-$857M	+111.4%
Deferred Tax Asset, Interest Carryforward	$657M2025-12-31	$760M	-13.6%	$657M	$760M	-13.6%
Deferred Tax Assets, Gross	$12.9B2025-12-31	$13.2B	-2.4%	$12.9B	$13.2B	-2.4%
Deferred Tax Assets, Net	$10.9B2025-12-31	$6.16B	+77.2%	$10.9B	$6.16B	+77.2%
Deferred Tax Assets, Net of Valuation Allowance	$11.6B2025-12-31	$6.96B	+66.7%	$11.6B	$6.96B	+66.7%
Deferred Tax Assets, Operating Loss Carryforwards	$3.18B2025-12-31	$4.32B	-26.4%	$3.18B	$4.32B	-26.4%
Deferred Tax Assets, Other	$307M2025-12-31	$381M	-19.4%	$307M	$381M	-19.4%
Deferred Tax Assets, Tax Credit Carryforwards, Research	$1.64B2025-12-31	$1.54B	+6.6%	$1.64B	$1.54B	+6.6%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	$122M2025-12-31	$71M	+71.8%	$122M	$71M	+71.8%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals	$1.3B2025-12-31	$730M	+77.7%	$1.3B	$730M	+77.7%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Legal Settlements	$234M2025-12-31	$221M	+5.9%	$234M	$221M	+5.9%
Deferred Tax Assets, Valuation Allowance	$1.31B2025-12-31	$6.27B	-79.1%	$1.31B	$6.27B	-79.1%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-01