Q1 26 EPS
$0.72
BEAT +0.94%
Est. $0.71
Q1 26 Revenue
$13.20B
MISS 0.45%
Est. $13.26B
vs S&P Since Q1 26
-5.7%
TRAILING MARKET
UBER -5.1% vs S&P +0.5%
Market Reaction
Did UBER Beat Earnings? Q1 2026 Results
Uber Technologies posted a largely solid first quarter for fiscal 2026, with earnings per share of $0.72 edging past the consensus estimate of $0.71 by 0.94%, even as revenue of $13.20 billion came in fractionally below the $13.26 billion Wall Street… Read more Uber Technologies posted a largely solid first quarter for fiscal 2026, with earnings per share of $0.72 edging past the consensus estimate of $0.71 by 0.94%, even as revenue of $13.20 billion came in fractionally below the $13.26 billion Wall Street had anticipated, a miss of just 0.45%. The top line still grew 14.5% year over year, though the company noted that business model changes weighed on reported revenue growth by roughly 9 percentage points, obscuring otherwise robust underlying momentum. The clearest illustration of that momentum was Gross Bookings climbing 25% year over year to $53.72 billion, supported by 3.6 billion trips and 199 million Monthly Active Platform Consumers. GAAP net income fell sharply to $263 million from $1.78 billion a year ago, driven by a $1.50 billion pre-tax headwind from equity investment revaluations, while Non-GAAP EPS grew 44% to $0.72. Analysts have largely maintained buy-equivalent ratings on the stock, and management's Q2 guidance of $56.25 billion to $57.75 billion in Gross Bookings, alongside Non-GAAP EPS of $0.78 to $0.82, suggests confidence in sustained growth ahead.
Key Takeaways
- • Monthly Active Platform Consumers grew 17% YoY to 199 million
- • Trips grew 20% YoY to 3.6 billion
- • Uber One membership reached 50 million members, driving half of Gross Bookings across Mobility and Delivery
- • Delivery Gross Bookings surged 28% YoY (23% constant currency)
- • Mobility Gross Bookings grew 25% YoY (20% constant currency)
- • Adjusted EBITDA margin expanded to 4.6% of Gross Bookings from 4.4%
- • Non-GAAP Operating Income margin expanded to 3.5% of Gross Bookings from 3.1%
UBER Forward Guidance & Outlook
For Q2 2026, Uber anticipates Gross Bookings of $56.25 billion to $57.75 billion, representing 18% to 22% YoY growth on a constant-currency basis, with an approximately 2 percentage-point currency tailwind to total reported YoY growth. Non-GAAP EPS is expected at $0.78 to $0.82, representing 31% to 38% YoY growth. This translates to Adjusted EBITDA of $2.70 billion to $2.80 billion. The company is investing with conviction in autonomous vehicles and AI while taking a capital-efficient approach.
UBER YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
UBER Revenue by Segment
With YoY comparisons, source: SEC Filings
“As we highlighted at GO-GET, from innovative travel integrations to new ways to shop, we're continuing to deepen the role Uber plays in daily life.”
— Dara Khosrowshahi, Q1 2026 Earnings Press Release
UBER Earnings Trends
UBER vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
UBER EPS Trend
Earnings per share: estimate vs actual
UBER Revenue Trend
Quarterly revenue: estimate vs actual
UBER Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.71 | $0.72 | +0.94% | $13.20B | -0.45% |
| Q4 25 MISS FY | $0.78 | $0.71 | -8.52% | $14.37B | +0.30% |
| FY Full Year | $5.37 | $2.45 | -54.41% | $52.02B | +0.05% |
| Q3 25 BEAT | $0.69 | $3.11 | +353.15% | $13.47B | +1.55% |
| Q2 25 BEAT | $0.62 | $0.63 | +1.16% | $12.65B | +1.48% |
| Q1 25 BEAT | $0.50 | $0.83 | +65.04% | $11.53B | -0.74% |