# Uber (UBER) Q2 2026 earnings

Results filed 2026-08-05 for the quarter ended 2026-06-30. Source page: https://earnings.opennash.com/companies/uber/2026-q2/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/1543151/000154315126000027/0001543151-26-000027-index.htm
> Summaries and transcripts are machine-generated and can contain errors.

## In brief

Uber reported Q2 2026 Gross Bookings of $58.0 billion, up 24% year-over-year (22% on a constant currency basis), GAAP Income from operations of $1.9 billion, GAAP Diluted EPS of $1.17 and Non-GAAP EPS of $0.81, up 35% year-over-year.

Uber had a strong second quarter. Trips grew 18% to 3.9 billion, and Gross Bookings, the total value of rides, deliveries and freight, rose 24% to $58.0 billion (22% in constant currency). Revenue grew 12% to $14.2 billion. GAAP income from operations rose 30% to $1.9 billion. GAAP net income of $2.4 billion included a $1.6 billion pre-tax benefit from revaluing equity investments. Non-GAAP EPS grew 35% to $0.81, and free cash flow was $2.8 billion.
For Q3 2026, Uber expects Gross Bookings of $58.25 billion to $60.25 billion, up 18% to 22% in constant currency, and Non-GAAP EPS of $0.84 to $0.88. The main tension is that Uber is investing heavily in autonomous vehicles and cross-platform growth while also buying back stock. Debt rose and cash fell during the quarter. Mobility revenue was nearly flat at 1% growth, and business model changes cut total revenue growth by 8 percentage points.

## Key numbers

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Revenue | $14.2 billion | up 12% from a year ago | GAAP |
| Net income attributable to Uber | $2.4 billion | up 77% from a year ago | GAAP |
| Diluted EPS | $1.17 | up 85% from a year ago | GAAP |
| Non-GAAP EPS | $0.81 | up 35% from a year ago | non-GAAP |
| GAAP Income from operations | $1.9 billion | up 30% from a year ago | GAAP |
| Non-GAAP Operating Income | $2.1 billion | up 40% from a year ago | non-GAAP |
| Net cash provided by operating activities | $2.9 billion | up 12% from a year ago | GAAP |
| Free cash flow | $2.8 billion | up 13% from a year ago | non-GAAP |
| Adjusted EBITDA | $2.8 billion | up 33% from a year ago | non-GAAP |
| Gross Bookings | $58.0 billion | up 24% from a year ago, 22% in constant currency |  |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| Mobility Gross Bookings | $28,988 | up 22% (20% constant currency) |
| Delivery Gross Bookings | 27,463 | up 26% (25% constant currency) |
| Freight Gross Bookings | 1,571 | up 25% (25% constant currency) |
| Trips | 3.9 billion | up 18% YoY |
| Monthly Active Platform Consumers (millions) | 208 | up 16% YoY |
| Mobility Segment Operating Income | $2,215 | up 28% |
| Delivery Segment Operating Income | 1,055 | up 38% |
| Delivery Revenue | $5,245 | up 28% (26% constant currency) |

## Outlook

| Metric | Period | Outlook |
| --- | --- | --- |
| Gross Bookings | Q3 2026 | $58.25 billion to $60.25 billion |
| Non-GAAP EPS | Q3 2026 | $0.84 to $0.88 |
| Adjusted EBITDA | Q3 2026 | $2.86 billion to $2.96 billion |
| Currency headwind to reported YoY growth | Q3 2026 | roughly 1 percentage-point |

## Key takeaways

1. **Gross Bookings growth stayed above 20%** Gross Bookings grew 24% YoY to $58.0 billion, or 22% in constant currency. Trips grew 18% to 3.9 billion.
2. **Earnings grew faster than bookings** Non-GAAP Operating Income grew 40% YoY to $2.1 billion and Non-GAAP EPS grew 35% to $0.81. Non-GAAP Operating Income was 3.7% of Gross Bookings, up from 3.3% in Q2 2025.
3. **Delivery outpaced Mobility on revenue** Delivery revenue grew 28% to $5,245 million, while Mobility revenue grew only 1% to $7,363 million. Business model changes cut total revenue growth by 8 percentage points.
4. **GAAP net income was lifted by investment gains** GAAP net income of $2.4 billion included a $1.6 billion pre-tax net benefit from revaluing equity investments. Non-GAAP Net Income was $1.7 billion.
5. **Q3 outlook points to continued growth** Uber guided Q3 Gross Bookings to $58.25 billion to $60.25 billion and Non-GAAP EPS to $0.84 to $0.88. Cash and equivalents fell to $4,870 million from $7,105 million at year-end, and short-term debt rose to $1,997 million.

## Questions

**How did Uber perform in Q2 2026?** Gross Bookings grew 24% to $58.0 billion (22% in constant currency), Trips grew 18% to 3.9 billion, and revenue grew 12% to $14.2 billion. GAAP income from operations was $1.9 billion, up 30%.
**What was Uber's Q2 2026 earnings per share?** GAAP Diluted EPS was $1.17, up from $0.63 a year earlier, and included a $1.6 billion pre-tax benefit from equity investment revaluations. Non-GAAP EPS was $0.81, up 35%.
**What is Uber's guidance for Q3 2026?** Uber expects Gross Bookings of $58.25 billion to $60.25 billion, up 18% to 22% in constant currency, and Non-GAAP EPS of $0.84 to $0.88. That implies Adjusted EBITDA of $2.86 billion to $2.96 billion.
**How much cash did Uber generate in Q2 2026?** Operating cash flow was $2.9 billion and free cash flow was $2.8 billion, up 13% from a year ago. The CFO said trailing twelve-month free cash flow exceeded $10 billion for the first time.
**Which segments drove growth?** Delivery Gross Bookings grew 26% to $27,463 million and Mobility grew 22% to $28,988 million. Delivery revenue grew 28%, while Mobility revenue grew 1%.

## Slides and investor documents

- [Supplemental Information](https://s23.q4cdn.com/407969754/files/doc_earnings/2026/q2/supplemental-info/Uber-Q2-26-Earnings-Supplemental-Data.pdf) (Slide deck)
- [Prepared Remarks](https://s23.q4cdn.com/407969754/files/doc_earnings/2026/q2/transcript/Uber-Q2-26-Prepared-Remarks.pdf) (CFO commentary)
- [Transcript](https://s23.q4cdn.com/407969754/files/doc_events/2026/Aug/05/Uber-Q2-26-Earnings-Call-Transcript.pdf) (Company's official transcript)
- [Webcast](https://events.q4inc.com/attendee/806924129) (Webcast replay)