UBER

MKT CAP:$153B

Uber Technologies, Inc.

Market Cap

$153B

Technology·Software - Application·🇺🇸 United States·NYSE

Technology·Software App·🇺🇸·NYSE

Stock Price

$74.25-$8.61 (-10.39%)

Apr 24, 2026

Company Details

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride s...

CEO

Dara Khosrowshahi

IPO Date

May 10, 2019

Website

www.uber.com

Key Metrics TTM

Revenue

$49.6B

+18.2% YoY

Net Income

$16.6B

EPS (Diluted)

$7.78

Free Cash Flow

$8.7B

Revenue / Share

$23.35

Gross Margin

39.7%

Operating Margin

9.2%

Net Margin

33.5%

FCF Margin

17.5%

P/S

3.1x

P/E

9.2x

Earnings Reports

Q4 2025

May 6, 2026

PENDING

FY 2025

Feb 13, 2026

$52.0B+18.3%EPS $4.73

Q3 2025

Nov 4, 2025

$13.5B+20.4%EPS $3.11

Q2 2025

Aug 6, 2025

$12.7B+18.2%EPS $0.63

Q1 2025

May 7, 2025

$11.5B+13.8%EPS $0.83

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 19	$3.8B	$2.0B	-$1.1B
Q4 19	$4.1B	$2.1B	-$971M
Q1 20	$3.2B	$1.3B	-$1.3B
Q2 20	$1.9B	$594M	-$1.6B
Q1 22	$6.9B	$2.8B	-$482M
Q3 22	$8.3B	$3.2B	-$495M
Q1 23	$8.8B	$3.6B	-$262M
Q2 23	$9.2B	$3.7B	$326M
Q4 23	$9.9B	$3.9B	$652M
Q1 24	$10.1B	$4.0B	$172M
Q2 24	$10.7B	$4.2B	$796M
Q3 24	$11.2B	$4.4B	$1.1B
Q4 24	$12.0B	$4.7B	$770M
Q1 25	$11.5B	$4.6B	$1.2B
Q2 25	$12.7B	$5.0B	$1.4B
Q3 25	$13.5B	$5.4B	$1.1B

Valuation

Quarter	P/S	P/E
Q3 19	4.0x	—
Q4 19	3.6x	—
Q1 20	3.4x	—
Q2 20	4.0x	—
Q1 22	4.2x	—
Q3 22	2.6x	—
Q1 23	2.5x	—
Q2 23	2.6x	—
Q4 23	3.4x	266.6x
Q1 24	4.2x	157.9x
Q2 24	3.7x	68.4x
Q3 24	3.8x	36.0x
Q4 24	2.9x	13.0x
Q1 25	3.4x	12.4x
Q2 25	4.1x	15.4x
Q3 25	4.2x	12.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 19	-$878M	-$1.0B
Q4 19	-$1.8B	-$2.0B
Q1 20	-$463M	-$661M
Q2 20	-$1.1B	-$1.2B
Q1 22	$15M	-$47M
Q3 22	$432M	$358M
Q1 23	$606M	$549M
Q2 23	$1.2B	$1.1B
Q4 23	$823M	$768M
Q1 24	$1.4B	$1.4B
Q2 24	$1.8B	$1.7B
Q3 24	$2.2B	$2.1B
Q4 24	$1.8B	$1.7B
Q1 25	$2.3B	$2.3B
Q2 25	$2.6B	$2.5B
Q3 25	$2.3B	$2.2B

Capital Expenditures

Quarter	CapEx
Q3 19	$129M
Q4 19	$182M
Q1 20	$198M
Q2 20	$164M
Q1 22	$62M
Q3 22	$74M
Q1 23	$57M
Q2 23	$50M
Q4 23	$55M
Q1 24	$57M
Q2 24	$99M
Q3 24	$42M
Q4 24	$44M
Q1 25	$74M
Q2 25	$89M
Q3 25	$98M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+37.8%	+40.3%
Q4 19	+36.8%	+25.2%
Q1 20	+4.8%	+9.1%
Q2 20	-39.6%	-59.3%
Q1 22	+79.8%	+49.1%
Q3 22	+105.0%	+75.4%
Q1 23	+171.6%	+101.4%
Q2 23	+382.5%	+153.0%
Q4 23	+45.0%	+26.6%
Q1 24	+21.4%	+12.7%
Q2 24	+21.3%	+9.0%
Q3 24	+21.2%	+13.7%
Q4 24	+20.4%	+20.5%
Q1 25	+13.8%	+3.5%
Q2 25	+18.2%	+13.1%
Q3 25	+20.4%	+22.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 19	$401M	10.5%
Q4 19	$243M	6.0%
Q1 20	$277M	8.5%
Q2 20	$131M	6.8%
Q1 22	$359M	5.2%
Q3 22	$482M	5.8%
Q1 23	$470M	5.3%
Q2 23	$504M	5.5%
Q4 23	$469M	4.7%
Q1 24	$484M	4.8%
Q2 24	$455M	4.3%
Q3 24	$438M	3.9%
Q4 24	$419M	3.5%
Q1 25	$435M	3.8%
Q2 25	$475M	3.8%
Q3 25	$465M	3.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 19	$755M	$591M	$1.1B
Q4 19	$608M	$647M	$1.3B
Q1 20	$645M	$666M	$885M
Q2 20	$584M	$546M	$736M
Q1 22	$587M	$632M	$1.3B
Q3 22	$760M	$908M	$1.2B
Q1 23	$775M	$942M	$1.3B
Q2 23	$808M	$491M	$1.2B
Q4 23	$784M	$603M	$935M
Q1 24	$790M	$1.2B	$917M
Q2 24	$760M	$686M	$1.1B
Q3 24	$774M	$630M	$1.1B
Q4 24	$785M	$1.1B	$1.2B
Q1 25	$815M	$657M	$1.1B
Q2 25	$840M	$669M	$1.2B
Q3 25	$862M	$1.2B	$1.3B

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 19	37.8%	-25.0%	12.7
Q4 19	36.8%	-21.0%	15.8
Q1 20	4.8%	-90.2%	-85.4
Q2 20	-39.6%	-79.6%	-119.1
Q1 22	79.8%	-84.4%	-4.6
Q3 22	105.0%	-9.6%	95.4
Q1 23	171.6%	2.7%	174.3
Q2 23	382.5%	8.7%	391.2
Q4 23	45.0%	22.0%	67.0
Q1 24	21.4%	-3.1%	18.4
Q2 24	21.3%	13.1%	34.3
Q3 24	21.2%	27.7%	48.9
Q4 24	20.4%	10.1%	30.4
Q1 25	13.8%	14.5%	28.3
Q2 25	18.2%	14.2%	32.4
Q3 25	20.4%	21.7%	42.1

Rule of 40

Revenue Segments

Quarter	ATG And Other Technology Programs	Eats	Freight	Other Bets	Rides	Delivery	Mobility
Q3 19	$17M	$645M	$218M	$38M	$2.9B	—	—
Q1 22	—	—	$1.8B	—	—	$2.5B	$2.5B
Q3 22	—	—	$1.8B	—	—	$2.8B	$3.8B
Q1 23	—	—	$1.4B	—	—	$3.1B	$4.3B
Q2 23	—	—	$1.3B	—	—	$3.1B	$4.9B
Q4 23	—	—	$1.3B	—	—	$3.1B	$5.5B
Q1 24	—	—	$1.3B	—	—	$3.2B	$5.6B
Q2 24	—	—	$1.3B	—	—	$3.3B	$6.1B
Q3 24	—	—	$1.3B	—	—	$3.5B	$6.4B
Q4 24	—	—	$1.3B	—	—	$3.8B	$6.9B
Q1 25	—	—	$1.3B	—	—	$3.8B	$6.5B
Q2 25	—	—	$1.3B	—	—	$4.1B	$7.3B
Q3 25	—	—	$1.3B	—	—	$4.5B	$7.7B

Revenue by Geography

Quarter	Asia Pacific	Emea	Latin America	United States And Canada
Q3 19	$345M	$534M	$527M	$2.4B
Q1 22	$733M	$1.1B	$432M	$4.6B
Q3 22	$947M	$1.9B	$518M	$5.0B
Q1 23	$1.0B	$2.1B	$565M	$5.1B
Q2 23	$1.1B	$2.4B	$627M	$5.1B
Q4 23	$1.2B	$2.8B	$678M	$5.2B
Q1 24	$1.2B	$2.8B	$710M	$5.5B
Q2 24	$1.2B	$3.0B	$679M	$5.8B
Q3 24	$1.3B	$3.2B	$679M	$6.0B
Q4 24	$1.3B	$3.6B	$727M	$6.3B
Q1 25	$1.3B	$3.3B	$717M	$6.2B
Q2 25	$1.4B	$3.9B	$789M	$6.6B
Q3 25	$1.6B	$4.4B	$829M	$6.7B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$4.7B	$0	$4.7B
Q2 22	$4.9B	$0	$4.9B
Q3 22	$5.5B	$0	$5.5B
Q4 22	$4.9B	$103M	$5.0B
Q1 23	$4.9B	$121M	$5.1B
Q2 23	$5.9B	$538M	$6.4B
Q3 23	$5.3B	$725M	$6.0B
Q4 23	$5.5B	$727M	$6.2B
Q1 24	$5.8B	$744M	$6.6B
Q2 24	$5.3B	$1.8B	$7.1B
Q3 24	$7.1B	$2.9B	$10.0B
Q4 24	$6.4B	$1.1B	$7.5B
Q1 25	$6.4B	$894M	$7.3B
Q2 25	$7.6B	$932M	$8.6B
Q3 25	$8.9B	$654M	$9.6B
Q4 25	$7.7B	$528M	$8.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 19	1.70B	+53.1%	0.0%
Q4 19	1.71B	+0.6%	+2.0%
Q1 20	1.72B	+0.8%	+2.8%
Q2 20	1.74B	+0.8%	+56.6%
Q1 22	1.96B	+12.6%	+15.1%
Q3 22	1.98B	+1.1%	+15.7%
Q1 23	2.01B	+1.5%	+16.5%
Q2 23	2.08B	+3.5%	+19.6%
Q4 23	2.12B	+2.1%	+8.4%
Q1 24	2.08B	-2.0%	+5.1%
Q2 24	2.15B	+3.4%	+7.0%
Q3 24	2.15B	+0.2%	+3.6%
Q4 24	2.14B	-0.6%	+0.9%
Q1 25	2.12B	-0.9%	+2.0%
Q2 25	2.12B	+0.1%	-1.2%
Q3 25	2.12B	+0.0%	-1.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 19	—	—
Q4 19	$151.3K	27K
Q1 20	$120.7K	27K
Q2 20	$71.1K	27K
Q1 22	$233.9K	29K
Q3 22	$284.7K	29K
Q1 23	$269.0K	33K
Q2 23	$281.4K	33K
Q4 23	$326.8K	30K
Q1 24	$333.3K	30K
Q2 24	$352.0K	30K
Q3 24	$368.0K	30K
Q4 24	$384.5K	31K
Q1 25	$370.8K	31K
Q2 25	$406.8K	31K
Q3 25	$433.0K	31K

Revenue / Employee