Uber Technologies Inc
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +0.05%.
Did UBER Beat Earnings? Q2 2026 Results
Uber Technologies posted a slight miss on both the top and bottom lines in Q2 2026, with earnings per share of $0.81 falling 2.76% short of the $0.83 consensus and revenue of $14.19 billion coming in just 0.50% below expectations, though the latter still represented 12.2% year-over-year growth. The key nuance beneath those modest shortfalls was a structural one: business model changes weighed on reported revenue growth by roughly 8 percentage points, even as underlying demand remained robust, with Gross Bookings expanding 24% year-over-year to $58.02 billion on the back of 3.9 billion trips. Delivery was the quarter's standout segment, with revenue climbing 28% to $5.25 billion and segment operating income rising 38% to $1.05 billion, reflecting continued consumer appetite that analysts had flagged ahead of the print alongside Uber's expanding grocery retail partnerships. Free cash flow reached $2.79 billion for the quarter, and looking ahead, management guided Q3 Gross Bookings of $58.25 billion to $60.25 billion and Adjusted EBITDA of $2.86 billion to $2.96 billion, projecting Non-GAAP EPS of $0.84 to $0.88.
- Monthly Active Platform Consumers grew 16% YoY to 208 million
- Trips grew 18% YoY to 3.9 billion
- Monthly Trips per MAPC grew 2% YoY
- Gross Bookings grew 22% on constant currency basis
- Non-GAAP Operating Income margin expanded to 3.7% of Gross Bookings from 3.3% in Q2 2025
- Adjusted EBITDA margin expanded to 4.9% of Gross Bookings from 4.5% in Q2 2025
- Added more first-time users over the past twelve months than in any period over the past five years
- Delivery segment revenue grew 28% YoY with segment operating income up 38%
“Uber's platform advantage continues to compound: record consumers and engagement, and profitable growth across our business. In fact, we've added more first-time users over the past twelve months than in any period over the past five years. We're investing from a position of strength, as we accelerate our cross-platform strategy at a global scale and build the world's largest platform for autonomous vehicles.”
Uber CEO, on the earnings call
Forward Guidance & Outlook
For Q3 2026, Uber anticipates Gross Bookings of $58.25 billion to $60.25 billion, representing 18% to 22% YoY growth on a constant-currency basis, with a roughly 1 percentage-point currency headwind to total reported YoY growth. Non-GAAP EPS is expected at $0.84 to $0.88, representing 28% to 35% YoY growth. This translates to Adjusted EBITDA of $2.86 billion to $2.96 billion.
UBER YoY Financials
UBER Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.