Uber (UBER) Q1 2026 Earnings
How Did UBER Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +0.73%.
Did UBER Beat Earnings? Q1 2026 Results
Yes. Uber reported Q1 2026 earnings of $0.72 a share on May 6, 2026, beating the $0.71 consensus estimate by 0.9%. Revenue was $13.2B against a $13.3B estimate.
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.
- 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%
“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.”
Uber CEO, on the earnings call
What Was Uber's Outlook in Q1 2026?
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
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $13.2B | $11.5B | +14.5% |
| Operating Income | $1.9B | $1.2B | +56.6% |
| Net Income | $263.0M | $1.8B | −85.2% |
UBER Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.