Uber Technologies (UBER) investor relations material

Executive summary

• Gross bookings for Q2 2026 grew 22% year-over-year to $58.0 billion, with revenue up 12% to $14.2 billion and net income attributable to shareholders rising to $2.4 billion, including a $1.6 billion gain from equity investment revaluations.

• Non-GAAP EPS increased 35% year-over-year to $0.81, and diluted GAAP EPS rose to $1.17, up from $0.63 in Q2 2025.

• Free cash flow exceeded $10 billion on a trailing twelve-month basis for the first time, with Q2 free cash flow at $2.8 billion.

• Major acquisitions included Delivery Hero, expanding reach to nearly 100 markets and adding over 50 million new eligible users, and Getir's delivery businesses.

• Platform engagement deepened, with MAPCs up 16% year-over-year to 208 million and total trips up 18% to 3.9 billion.

Financial highlights

• Gross bookings reached $58.0 billion (+22% YoY), revenue was $14.2 billion (+12% YoY), and non-GAAP operating income was $2.14 billion (+40% YoY).

• Net income attributable to shareholders was $2.4 billion, with diluted EPS at $1.17 (+85% YoY).

• Free cash flow for Q2 2026 was $2.8 billion, with trailing 12-month free cash flow at $10.1 billion.

• Net cash provided by operating activities was $2.9 billion for the quarter.

• Gross margin improved to 45% in Q2 2026 from 40% in Q2 2025.

Outlook and guidance

• Q3 2026 Gross Bookings expected at $58.25–$60.25 billion, up 18–22% YoY; Non-GAAP EPS guidance: $0.84–$0.88, and Adjusted EBITDA: $2.86–$2.96 billion.

• Management anticipates continued revenue and trip growth, with ongoing investments in new products, technology, and international expansion.

• Guidance includes potential impacts from regulatory and tax changes, especially in the UK and other key markets.

• AV launches targeted to expand from 7 to 15 cities by year-end, with further expansion and new partners in 2027 and 2028.

• Integration of Delivery Hero expected to close in the second half of 2027, with primary migrations in 2029.