01—Abstract
Summary
Summary of the 10-Q filed May 6, 2026. Cited figures are marked; the original filing is the authoritative source.
Uber Technologies, Inc. reported its first quarter 2026 financial results, demonstrating continued revenue growth driven by increased Gross Bookings across its Mobility and Delivery segments.
Total revenue rose 14% year-over-year to $13.2 billiona. However, net income attributable to Uber Technologies, Inc. saw a significant decrease to $263 million from $1.78 billion in the prior year. This decline was primarily influenced by a substantial pre-tax unrealized loss of $1.5 billion on debt and equity securities, largely stemming from market value declines in investments like Grab and Didi.
The company highlighted strong operational performance with Monthly Active Platform Consumers (MAPCs) up 17% and Trips increasing by 20%. The Mobility segment's operating income grew 28% to $2.0 billionb, while the Delivery segment's operating income surged 43% to $961 million. Despite overall growth, the company ended the quarter with a substantial share repurchase program, deploying $3.0 billion in the first quarter of 2026, and has $16.2 billion remaining under its authorized repurchase program.
02—Key points
Key Highlights
- Revenue increased 14% year-over-year to $13.2 billion, driven by a 25% increase in Gross Bookings.
- Net income attributable to Uber Technologies, Inc. decreased to $263 million from $1.78 billion, largely due to a $1.5 billion unrealized loss on investments.
- Monthly Active Platform Consumers (MAPCs) grew 17% year-over-year to 199 million.
- Mobility Gross Bookings and Trips increased by 20% on a constant currency basis.
- Delivery Gross Bookings and Trips increased by 23% on a constant currency basis.
- Significant share repurchases continued, with $3.0 billion spent in the quarter, leaving $16.2 billion authorized for future repurchases.
- The company completed the acquisition of SpotHero, Inc. for approximately $600 million in cash subsequent to the quarter end.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2026filed May 6, 2026Financial Statements
Q1 FY2026 against Q1 FY2025
| Line item | Q1 FY2026Q1 FY2025 | Change |
|---|---|---|
| Revenue | $13.20B$11.53B | +14.5% |
| R&D Expenses | $951.00M$815.00M | +16.7% |
| Operating Expenses | $11.28B$10.30B | +9.5% |
| Operating Income | $1.92B$1.23B | +56.6% |
| Net Income | $263.00M$1.78B | −85.2% |
| EPS (Basic) | $0.13$0.85 | −84.7% |
| EPS (Diluted) | $0.13$0.83 | −84.3% |
| Shares Outstanding (Basic) | 2.05B2.09B | −1.9% |
| Shares Outstanding (Diluted) | 2.07B2.12B | −2.4% |
05—Questions
Frequently Asked Questions
What drove the significant decrease in net income compared to the prior year?
The substantial decrease in net income was primarily driven by a $1.5 billion pre-tax unrealized loss on debt and equity securities. This loss is largely attributed to market value declines in equity investments, notably in Grab and Didi.
How did the key segments perform in terms of operating income?
The Mobility segment showed strong performance with a 28% increase in Segment Operating Income to $2.0 billion. The Delivery segment also performed well, with a 43% increase in Segment Operating Income to $961 million. The Freight segment's operating loss widened slightly.
What is the company's outlook on cash and liquidity?
Uber ended the quarter with $8.1 billion in total cash, cash equivalents, and restricted cash and cash equivalents. The company stated that its existing cash balance and available lines of credit are sufficient to meet its anticipated cash requirements for at least the next 12 months, including commitments for potential acquisitions like SpotHero.
How is Uber addressing its share repurchase program?
Uber continued its aggressive share repurchase program, buying back $3.0 billion of its common stock in the quarter. As of March 31, 2026, approximately $16.2 billion remained available under its authorized share repurchase program.
06—Continue