Uber Technologies earnings: third quarter 2026

Uber Technologies' customers spent 20% more on its platform than a year earlier, nearly $60 billion, and its profit from running the business rose even faster. Revenue grew 10%, but changes in how Uber records some sales held that figure back. Reported profit per share fell to $0.25 from $3.11. That drop comes from one-off items: a large tax benefit and an investment gain last year, and a $476 million loss on investments this year. On the company's own adjusted measure, profit per share rose 35% to $0.88. ¹

Against what analysts expected

Uber's adjusted profit per share of $0.88 came in about 6% below the $0.94 analysts had expected on average, according to Nasdaq's earnings calendar. Its reported figure of $0.25 was lower still. ¹²

The strong points

• Profit from running the business grew far faster than sales, with operating income up 30% to $1.45 billion. ¹
• The amount customers spent on Uber, from rides to food orders to freight, rose 20% to $59.8 billion. ¹
• The business produced $2.5 billion of free cash flow, the cash left after running and investing in it, up 14%. ¹

The weak points

• Long-term debt rose to $15.7 billion from $10.5 billion at the end of 2025, so part of Uber's growing cash pile is borrowed. ¹
• Uber is putting more money into buying businesses and stakes in other companies, and those stakes cost it a $476 million loss this quarter. ¹
• Some of this quarter's cash came from timing, including $880 million from bills not yet paid, which can reverse later. ¹

What the company expects

• For the fourth quarter Uber expects customers to spend $63.25 billion to $65.25 billion on its platform, growth of 18% to 22% after currency swings. ¹
• Uber expects adjusted profit per share of $0.95 to $0.99 in the fourth quarter, 34% to 39% more than a year earlier. ¹

Our verdict on the quarter

A mixed report. The business grew strongly and its profit from running it rose faster still, but adjusted profit per share fell about 6% short of what analysts expected, and the forecast for next quarter keeps growth at the same pace rather than faster.

The results as published

• The results release itself
• The filing it came with (SEC)
• The previous results, for what it forecast then

Notes

1. Uber Technologies's results release, 4 November 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 4 November 2026. ↩