10-K · February 13, 2026
Uber’s 2025 Form 10-K emphasizes scale and platform synergies — the Company reports a global footprint in over 70 countries and more than 15,000 cities and highlights cross‑sell benefits (Uber One members 46 million as…
Earnings analysis · 10-Q
UBER earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Uber Technologies, Inc. reported Q1 2026 results with revenue of $13.2 billion, reflecting a 14% year-over-year increase. The company also saw a diluted EPS of $0.72, beating the estimated $0.70. However, the sharp…
Read full summary
Uber Technologies, Inc. reported Q1 2026 results with revenue of $13.2 billion, reflecting a 14% year-over-year increase. The company also saw a diluted EPS of $0.72, beating the estimated $0.70. However, the sharp decline in net income attributable to Uber Technologies, down 85% to $263 million, primarily due to a significant loss on equity investments, raised concerns about profitability moving forward.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.72
What stood out
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Revenue Increase of 14% YoY
Uber's revenue reached $13.2 billion in Q1 2026, up from $11.5 billion in Q1 2025.
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EPS Surpassed Estimates
Diluted EPS was $0.72, slightly beating the consensus estimate of $0.70.
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Mobility and Delivery Segment Growth
Delivery segment revenue grew by 34% year-over-year to $5.1 billion, while Mobility grew 5% to $6.8 billion.
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Free Cash Flow Stable
Free cash flow increased to $2.3 billion from $2.25 billion in the same quarter last year.
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Cash Position Strength
Uber ended the quarter with $6.1 billion in unrestricted cash and investments.
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Operating Income Surge
Operating income grew significantly to $1.9 billion, up from $1.2 billion in Q1 2025.
What to watch
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85% Drop in Net Income
Net income fell to $263 million compared to $1.776 billion in Q1 2025, primarily due to a $1.5 billion loss on equity investments.
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UK Business Model Change Impact
Changes in the business model in the UK adversely affected revenue by $1 billion.
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Regulatory Risks in Driver Classification
Potential changes to legislation affecting driver classification could impose significant costs if drivers are required to be treated as employees.
Management's outlook
The company anticipates gross bookings of $56.25 to $57.75 billion for Q2 2026, expecting a year-over-year revenue growth of 18% to 22%.
Earlier filings 4
10-Q · August 6, 2025
Uber reported Q2 2025 revenue of $12,651 million, up $1,951 million YoY (from $10,700 million) and up $1,121 million QoQ (from $11,530 million). Operating margin expanded to 11.5% (vs. 7.4% in Q2 2024) while diluted EPS…
10-Q · October 31, 2024
Uber reported strong Q3 results: revenue of $11,188 million, up $1,896 million year-over-year (from $9,292 million) and up ~$488 million vs the prior quarter; operating income widened to $1,061 million and diluted EPS…
10-Q · May 8, 2024
Uber reported first-quarter revenue of $10,131 million, up from $8,823 million a year earlier, and delivered positive operating income of $172 million versus an operating loss of $262 million in Q1 2023. Despite…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.