Uber Technologies (UBER) Q3 2026 Earnings Report
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PL:UBER Q3 2026 EPS Results
- Actual EPS
- PLN 3.43
- Consensus EPS
- PLN 3.37
- Beat/Miss
- Beat by +PLN 0.06
- One Year Ago EPS
- PLN 12.12
PL:UBER Q3 2026 Revenue Results
- Actual Revenue
- PLN 57.56B
- Expected Revenue
- PLN 57.15B
- Beat/Miss
- Beat by +PLN 415.53M
- YoY Revenue Growth
- +9.65%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- Before Open
- Conference Call
- Wednesday, November 4, 2026
PL:UBER Upcoming Earnings
Uber Technologies's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
PL:UBER Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive, characterized by 20%+ gross bookings growth for the fifth consecutive quarter, 35% non-GAAP EPS growth, record trailing 12-month free cash flow of $10.4 billion, accelerating delivery and grocery performance, improving October supply trends, and substantial autonomous vehicle expansion plans. The principal challenges were mobility and courier supply constraints, limited early AI-agent transaction volume, and the need to establish AV financing structures, but management expressed confidence in its response and maintained its growth outlook.
Company Guidance
Management said the outlook is steady at the 18% to 22% growth range; the Q4 outlook midpoint is a 37% year-on-year growth on non-GAAP EPS, while Q4 supply investments for mobility are expected to impact take rate but “not necessarily from a margin standpoint, anything meaningful.” Uber expects approximately 700 fully-driverless vehicles on Uber by year end, more than 2,000 by the end of 27, and aims to scale to 10 thousand+ in 2028 and beyond, with a $10 billion commitment to the AV ecosystem based on certain deliverables; the goal is for AV trips to deliver margins comparable to human driven trips over time. Zoox is expected to launch in Las Vegas later this month, Motional is moving up to fully driverless operations soon thereafter, Nuro is expected in California and Houston at least early on in 2027, AV Ride in Texas in the middle of the year, and Pony and Momenta in late 2027.
- Strong Companywide Growth and ProfitabilityUber reported another strong quarter of growth and expanding profitability, with 215 million monthly active platform consumers, its fifth consecutive quarter of 20+% year-over-year gross bookings growth, 35% growth in non-GAAP EPS, and record trailing 12-month free cash flow of $10.4 billion.
- Delivery Gross Bookings and Organic Growth AcceleratedDelivery gross bookings increased 23% year-over-year, with organic growth accelerating. Uber attributed the progress to continued investments in selection, affordability, reliability, and everyday use cases across restaurant meals, groceries, and essentials.
- Grocery and Retail Business Reached $15 Billion Run RateGrocery and retail reached a $15 billion run rate and grew 40% year-over-year. Uber described the addressable market as a $10 trillion TAM and said it is expanding selection, affordability, product innovation, and shopper quality.
- Expanded Grocery and Retail SelectionUber said it is expanding Costco nationwide and has added international partners including Target, Decathlon, Priceline in Australia, Tesco in the UK, and Rui in Germany.
- Membership Continues to Deepen EngagementUber has approximately 55 million Uber One members. Members accounted for 70% of delivery gross bookings, while members overall accounted for more than 50% of bookings.
- U.S. Delivery Acceleration and Merchant GrowthU.S. delivery organic growth accelerated for the second consecutive quarter. Uber said its U.S. merchant count increased approximately 12% year-over-year, core restaurant growth also accelerated, and merchant-funded promotions and the advertising business grew to over $10 billion on a year-over-year basis.
- Resilient U.S. Mobility TrendsU.S. mobility growth was described as relatively resilient compared with international markets. California trip growth continued to outperform the rest of the country, while U.S. barbell products grew at 3x the rate of the overall business in Q3.
- Long Runway in Sparse U.S. MarketsUber said less than 10% of eligible consumers in sparse U.S. markets had used Uber in the last 12 months, compared with 50% in dense markets. The company also said it had doubled eligible benefit population penetration in its top 10 markets over the last five years, although penetration remains only 10%.
- Mobility Margin and EPS Outlook Remain StrongMobility generated 8% margins in the quarter. Management said it did not expect meaningful changes in the margin trajectory, and Q4 non-GAAP EPS growth at the midpoint of guidance was 37% year-over-year, compared with mid-30% EPS growth in Q3.
- Improving Driver Supply Trends in OctoberUber made targeted investments in driver acquisition, retention, and engagement, and said global supply-hours growth accelerated in October, with notable improvements in Brazil and India. The company maintained its outlook at an 18% to 22% growth range.
- Autonomous Vehicle Rollout MilestonesUber expects approximately 700 fully driverless vehicles on its network by year end and more than 2,000 by the end of 2027, with a longer-term goal of reaching tens of thousands of vehicles in 2028 and beyond. Planned and existing partners include Waymo, WeRide, Baidu, Zoox, Motional, Nuro, AV Ride, Pony, and Momenta.
- AV Utilization AdvantageUber said vehicles on its network show a 30% utilization premium. In new markets, Waymo and Tesla were described as generating trips per vehicle per day in the low teens, versus high twenties on Uber's network in comparable hybrid markets, which Uber characterized as a 100%-plus advantage in those markets.
- AV Financing Strategy and Third-Party CapitalUber said near-term capital deployment for approximately 700 vehicles this year and 2,000 by the end of next year is fairly limited. Its long-run expectation is for AV infrastructure and vehicle fleets to be financed by third-party capital rather than Uber's balance sheet, using the $1 billion Santander financing arrangement as a template.
- Capital Allocation Focused on Organic Growth and AVManagement said capital allocation priorities remain organic growth, investment in the AV ecosystem, M&A, and buybacks, including a stated $10 billion AV commitment based on certain deliverables. Uber plans to pull back on additional M&A while focusing on integrating announced deals and expects to emphasize organic growth and opportunistic stock buybacks next year.
- Acquisition Portfolio and EZCater RationaleUber said announced acquisitions are generally performing above deal-case expectations. EZCater is profitable currently, and management expects additional synergies and a few hundred million-dollar profit swing in favor of buying the business versus building it. Blacklane, EZCater, Delivery Hero, Trendyol, and SpotHero were cited as examples of geographic expansion, specialized capabilities, or new products.
- Selective Dark Store StrategyUber said dark stores are a fit-for-purpose solution that it will use selectively rather than in every market. Delivery Hero's quick-commerce and dark-store business has reached breakeven and is growing at attractive rates; Uber also cited potential relevance in Turkey and an organic experiment in Taiwan.
- Direct AI Product DevelopmentUber is building AI experiences directly into its platform, including a cart assistant and planned eater and driver assistants. Early signals showed baskets built with the cart assistant were roughly twice the average basket. Uber also cited a mean ride-booking time of 50 seconds, 75% of rides being single-tap based on personalization, and a median reorder time of 90 seconds for favorite food.
- Potential Merchant Opportunity from Industry ConsolidationRegarding a potential DoorDash and Instacart combination, Uber said merchant partners want choice and direct channels, and that some merchants had reached out seeking to work more deeply with Uber so they would not be overly dependent on a single platform.
PL:UBER Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2026 (Q4) | 3.79- | 0.55 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 3.373.43 | 12.12 | -71.70% (-8.69) | |
| Aug 05, 2026 | 2026 (Q2) | 3.143.16 | 2.46 | 28.57% (+0.70) | |
| May 06, 2026 | 2026 (Q1) | 2.702.81 | 3.24 | -13.25% (-0.43) | |
| Feb 04, 2026 | 2025 (Q4) | 3.070.55 | 12.51 | -95.64% (-11.97) | |
| Nov 04, 2025 | 2025 (Q3) | 2.6912.12 | 4.68 | 159.17% (+7.45) | |
| Aug 06, 2025 | 2025 (Q2) | 2.452.46 | 1.83 | 34.04% (+0.62) | |
| May 07, 2025 | 2025 (Q1) | 1.983.24 | -1.25 | 359.38% (+4.48) | |
| Feb 05, 2025 | 2024 (Q4) | 1.9412.51 | 2.57 | 386.36% (+9.94) | |
| Oct 31, 2024 | 2024 (Q3) | 1.464.68 | 0.39 | 1100.00% (+4.29) |
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
