Uber

UBER Q1 2026 Earnings

Reported May 6, 2026 at 6:56 AM ET · SEC Source

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.

24/7 Wall St

UBER YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

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UBER Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“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