Uber (UBER) Q2 2026 Earnings
How Did UBER Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +0.05%.
Did UBER Beat Earnings? Q2 2026 Results
No. Uber reported Q2 2026 earnings of $0.81 a share on Aug 5, 2026, missing the $0.83 consensus estimate by 3.0%. Revenue was $14.2B against a $14.3B estimate.
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
What Was Uber's Outlook in Q2 2026?
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
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $14.2B | $12.7B | +12.2% |
| Operating Income | $1.9B | $1.5B | +30.3% |
| Net Income | $2.4B | $1.4B | +76.7% |
UBER Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.