Uber 8-K
PositiveEarningsNew guidance
Delivery and Freight drove revenue growth, while business-model changes held back the top line.
Filed 2026-08-05 06:56 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with Q3 guidance. Gross Bookings grew 22% Y/Y in constant currency and Trips rose 18%; trailing 12-month free cash flow exceeded $10B for the first time. GAAP net income growth included a $1.6B pre-tax benefit from equity-investment revaluations.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $14.2B | $12.7B | 12% |
| Gross Bookings | $58.0B | $46.8B | 24% |
| GAAP income from operations | $1.89B | $1.45B | 30% |
| Non-GAAP operating income | $2.14B | $1.53B | 40% |
| Net income attributable to Uber Technologies, Inc. | $2.39B | $1.36B | 77% |
| GAAP diluted EPS | $1.17 | $0.63 | 85% |
| Non-GAAP EPS | $0.81 | $0.60 | 35% |
| Net cash provided by operating activities | $2.86B | $2.56B | 12% |
| Free cash flow | $2.79B | $2.48B | 13% |
| Trips | 3.87B | 3.27B | 18% |
- Gross Bookings grew 22% in constant currency; revenue grew 11% in constant currency. Business-model changes reduced reported and constant-currency revenue growth by 8 percentage points. Trips growth reflected MAPCs up 16% to 208M and monthly Trips per MAPC up 2%.
- Adjusted EBITDA was $2.82B, up 33% Y/Y; its margin was 4.9% of Gross Bookings vs 4.5%. Mobility revenue was flat in constant currency, while Delivery and Freight revenue grew 26% and 25%, respectively.
- Unrestricted cash, cash equivalents and short-term investments totaled $5.4B at quarter-end. Q2 common-stock repurchases were $518M vs $1.36B a year earlier; diluted weighted-average shares declined 3.5% Y/Y.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Gross Bookings; constant-currency Y/Y growth | Q3 2026 | $58.25B-$60.25B; 18%-22% | — | — |
| Non-GAAP EPS; Y/Y growth | Q3 2026 | $0.84-$0.88; 28%-35% | — | — |
| Adjusted EBITDA | Q3 2026 | $2.86B-$2.96B | — | — |
Gross Bookings outlook assumes an ≈1 percentage-point currency headwind to reported Y/Y growth.
Investor Takeaways
- Q3 Gross Bookings and Non-GAAP EPS versus their guided ranges will show whether platform growth continues to convert into earnings.
- Cash generation is a key watchpoint after trailing 12-month free cash flow topped $10B for the first time.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3