Uber (UBER) reports mixed Q2 2026 results as GAAP earnings beat estimates while revenue falls slightly short.
Stock Earnings Results
August 5, 2026
Table of Contents
August 5, 2026
Uber Technologies, Inc. (NYSE: UBER) reported second-quarter 2026 results with GAAP earnings above expectations, higher trips, stronger gross bookings, higher operating income, improved adjusted EBITDA, and record trailing twelve-month free cash flow, though revenue came in slightly below estimates.
Uber is a global mobility, delivery, freight, and logistics technology platform that connects riders, drivers, couriers, merchants, shippers, and consumers across transportation, food delivery, and business services.
The company reported GAAP diluted EPS of $1.17, above estimates of $0.83, representing a 41.0% earnings surprise. Revenue came in at $14.19 billion, slightly below estimates of $14.21 billion, though revenue growth was 12.2%.
Revenue increased 12% year-over-year to $14.19 billion.
On a constant currency basis, revenue increased 11%.
GAAP income from operations increased 30% to $1.89 billion.
GAAP net income attributable to Uber was $2.39 billion.
GAAP diluted EPS was $1.17.
Non-GAAP operating income increased 40% to $2.14 billion.
Non-GAAP EPS increased 35% to $0.81.
The GAAP net income figure included a $1.6 billion pre-tax net benefit from revaluations of Uber’s equity investments.
Trips increased 18% year-over-year to 3.87 billion.
Monthly Active Platform Consumers increased 16% to 208 million.
Monthly trips per active consumer increased 2%.
The growth shows continued engagement across Uber’s platform, with more users and higher trip frequency.
CEO Dara Khosrowshahi said Uber added more first-time users over the past twelve months than in any period over the past five years.
Gross bookings increased 24% year-over-year to $58.02 billion.
On a constant currency basis, gross bookings increased 22%.
Mobility gross bookings increased 22% to $28.99 billion.
Delivery gross bookings increased 26% to $27.46 billion.
Freight gross bookings increased 25% to $1.57 billion.
The growth across all three offerings showed broad demand across rides, delivery, and freight.
Mobility revenue increased 1% to $7.36 billion.
Delivery revenue increased 28% to $5.25 billion.
Freight revenue increased 26% to $1.58 billion.
Mobility segment operating income increased 28% to $2.22 billion.
Delivery segment operating income increased 38% to $1.06 billion.
Freight segment operating loss narrowed to $24 million from $26 million.
The segment data showed Mobility remained the largest profit contributor, while Delivery continued to scale profitability.
Adjusted EBITDA increased 33% year-over-year to $2.82 billion.
Adjusted EBITDA margin as a percentage of gross bookings improved to 4.9% from 4.5%.
Net cash provided by operating activities was $2.86 billion.
Free cash flow was $2.79 billion.
Uber said trailing twelve-month free cash flow exceeded $10 billion for the first time in company history.
Unrestricted cash, cash equivalents, and short-term investments were $5.4 billion at quarter-end.
Uber repurchased $518 million of common stock during the quarter.
For the first six months of 2026, share repurchases totaled $3.53 billion.
Diluted weighted-average shares declined to 2.05 billion from 2.13 billion in the prior-year quarter.
The lower share count helped support EPS growth.
For the third quarter of 2026, Uber expects gross bookings of $58.25 billion to $60.25 billion.
That represents expected constant-currency growth of 18% to 22%.
The company expects non-GAAP EPS of $0.84 to $0.88.
That represents expected growth of 28% to 35%.
The outlook translates to adjusted EBITDA of $2.86 billion to $2.96 billion.
Uber said the outlook assumes about a one percentage point currency headwind to total reported year-over-year growth.
Uber delivered another strong operating quarter despite the slight revenue miss.
Trips increased 18%, gross bookings rose 24%, adjusted EBITDA increased 33%, non-GAAP operating income grew 40%, and free cash flow reached $2.79 billion. Mobility remained highly profitable, Delivery continued improving, and Uber’s platform scale supported strong cash generation.
The key question is whether Uber can keep growing gross bookings, improving margins, reducing share count, and investing in autonomous vehicles without slowing earnings growth.
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