Uber (UBER) Q3 2026 Earnings
GAAP diluted EPS of $0.25 includes a $476 million net loss (pre-tax) from revaluations of equity investments, $186 million restructuring and related charges, $484 million legal, non-income tax and regulatory reserve changes, $55 million acquisition-related expenses, and $50 million settlement of legacy awards; these are excluded from Non-GAAP EPS of $0.88
How Did UBER Stock React to Q3 2026 Earnings?
Did UBER Beat Earnings? Q3 2026 Results
No. Uber reported Q3 2026 earnings of $0.88 a share on Nov 4, 2026, missing the $0.90 consensus estimate by 2.5%. Revenue was $14.8B against a $14.7B estimate.
Uber Technologies delivered a mixed third quarter for fiscal 2026, posting adjusted non-GAAP EPS of $0.88 against a consensus estimate of $0.90, a shortfall of 2.54%, even as revenue of $14.77 billion edged past expectations by 0.63% and climbed 9.7% year over year. The headline EPS gap was compounded by a sharp drop in GAAP net income, which fell to $512 million from $6.63 billion a year ago, a comparison distorted by the prior year's $4.90 billion tax valuation allowance release and a $1.50 billion equity revaluation gain. Gross Bookings growth remained robust at 20%, marking what management described as the fifth consecutive quarter at that pace, with Delivery the standout segment as bookings rose 22% to $28.54 billion and segment operating income climbed 30% to $1.06 billion. Business model changes trimmed reported revenue growth by eight percentage points, most visibly in Mobility, where revenue dipped 2% despite 18% bookings growth. Looking ahead, Uber guided Q4 non-GAAP EPS to $0.95 to $0.99, representing 34% to 39% growth, alongside Gross Bookings of $63.25 billion to $65.25 billion, reinforcing management's confidence in the durability of its financial model heading into 2027.
- Gross Bookings grew 20% YoY to $59.8 billion
- Trips grew 16% YoY to 4.1 billion
- MAPCs grew 14% YoY to 215 million
- Monthly Trips per MAPC grew 2% YoY
- Record audience and consumer engagement
- Delivery Gross Bookings up 22% and revenue up 23%
- Mobility segment operating income up 27% to $2.362 billion
- Delivery segment operating income up 30% to $1.057 billion
- Non-GAAP Operating Income margin reached 3.9% of Gross Bookings, vs 3.4% in Q3 2025
- Adjusted EBITDA margin of 5.0% of Gross Bookings, vs 4.5% in Q3 2025
“Uber delivered its fifth consecutive quarter of 20%+ Gross Bookings growth, driven by record audience and consumer engagement.”
Uber CEO, on the earnings call
What Is Uber's Outlook?
For Q4 2026, Uber expects: - Gross Bookings of $63.25 billion to $65.25 billion, representing 18% to 22% YoY growth in constant currency. The outlook assumes a roughly 1 percentage-point currency headwind to reported growth. - Non-GAAP EPS of $0.95 to $0.99, representing 34% to 39% YoY growth. - Adjusted EBITDA of $3.13 billion to $3.23 billion. Management said the Q4 outlook reinforces confidence in the durability of its financial model heading into 2027. It also said it will stay disciplined in capital allocation for its core businesses and autonomy.
UBER YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $14.8B | $13.5B | +9.7% |
| Operating Income | $1.4B | $1.1B | +30.0% |
| Net Income | $512.0M | $6.6B | −92.3% |
UBER Revenue by Segment
When Does Uber Report Next?
Figures from SEC filings and company reports. Not investment advice.