EarningsQ2 2026 Earnings Report
MX:UBER Q2 2026 EPS Results
Actual EPS$13.77
Consensus EPS$13.68
Beat/MissBeat by +$0.08
One Year Ago EPS$10.71
MX:UBER Q2 2026 Revenue Results
Actual Revenue$241.19B
Expected Revenue$241.94B
Beat/MissMissed by -$751.78M
YoY Revenue Growth+12.17%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeBefore Open
Conference CallWednesday, August 5, 2026
MX:UBER Upcoming Earnings
Uber Technologies's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:UBER Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong top-line booking growth (22%), significant profit and cash milestones (35% non-GAAP EPS growth and trailing 12-month free cash flow >$10B), meaningful productivity gains from AI and clear strategic initiatives (Delivery Hero acquisition, AV investments, AV labs). These positives were balanced against near-term challenges: reported take-rate/headline revenue margin pressure (nearly 500 bps decline driven largely by a U.K. accounting change and deliberate investments), regional competitiveness (notably Brazil), early-stage commercialization and regulatory risk for AVs, and multiyear AV capital commitments that will affect future P&L. On balance, the call emphasized durable growth, margin expansion, and strong cash generation while acknowledging specific operational and accounting headwinds.Company Guidance
Strong Gross Bookings Growth
Gross bookings grew 22% year-over-year to more than $58 billion, above the high end of guidance and marking the fourth consecutive quarter above 20% growth.
Earnings and Cash Generation
Non-GAAP EPS grew 35% year-over-year and trailing 12-month free cash flow exceeded $10 billion for the first time in company history.
Capital Deployment and Buybacks
Uber repurchased approximately $3.5 billion of stock year-to-date and reiterated a framework to deploy roughly 50% of free cash flow to buybacks; management expects to rebuild repurchase activity over months after Q2 M&A activity.
Major M&A — Delivery Hero Agreement
Announced agreement to acquire Delivery Hero, expected to expand Uber's reach to nearly 100 markets and roughly double the number of markets offering the full mobility + delivery platform; deployed about $4 billion in Q2 market purchases related to this opportunity.
Autonomous Vehicles (AV) Momentum & Commitments
Live in 7 AV cities and on track for 15 by year-end (targeting 28 by 2028); announced multiyear AV investment plan (~$10 billion) and stated intent around ~120,000 vehicle commitments to bootstrap commercialization.
AV Partner Ecosystem Progress
Notable partner milestones (NVIDIA Alpamayo release, Wayve UK permit, Zoox approvals); reported strong per-vehicle utilization for AV launches (often mid- to high-20s to low-30s trips per vehicle per day) when launched with Uber demand.
AI Productivity Gains
Near 100% adoption of AI-based coding tools among engineers and management-reported doubling in code output per engineer; AI investments expected to yield productivity gains across engineering, customer support and marketing.
U.S. Mobility Acceleration
U.S. mobility trips and gross bookings accelerated in Q2 driven by insurance tailwinds (savings reinvested), product innovations, and expansion in sparse markets; premium and enterprise products gaining traction (U4B grew 40% year-over-year; Uber Health growing faster).
Cross-Platform Growth and First-Time User Momentum
Record-level first-time user trends; only ~20% of consumers use both Rides and Eats today but that cohort grows 1.5x faster than single-product users; low-cost products (e.g., Wait & Save) and new products (Women Preferred, Uber Teens) driving incremental penetration.
Delivery Organic Acceleration
Management reported accelerating organic delivery trends with category position gains in core large markets; positive contribution to growth expected from recent small acquisitions (e.g., Getir) after rolling off larger prior deal (Trendyol Go).
MX:UBER Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed