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Uber Technologies, Inc.

UBER Technology Software Application

Uber Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $52.0 billion, up 18.3% from fiscal 2024.

Revenue
+9.65%
EPS
−91.2%
Free cash flow
+13.7%
Total debt
+47.6%

Quarter to September 2026, against a year earlier

68.68 1.19 −1.70%
Market cap
$140.5B
P/E
39.7×
Fwd P/E
20.5×
Dividend yield
—
F-score
6/9
Altman Z
3.95
Beneish M
−2.30
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Mobility
  • Delivery
  • Freight

Every year since 2017 →

Insider Decisions last twelve months

Bought, $m 16.91
Sold, $m 2.52
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — 2 — —
Sell 1 1 — — — — — — — 1 — —
Insider Ownership 3.84%

Capital & Financial Ratios $m

Size
Market Cap 140,490.00
Revenue ttm 56,526.00
Net income ttm 3,584.00
Free cash flow ttm 10,421.00
Net debt Q 4,980.00
Valuation
P/E 39.72 (above 35: high)
Forward P/E 20.50
Price / sales 2.48
Forward P/S Powerpack
Price / FCF 13.43
Price / book 4.90
Financial health
Current ratio Q 1.23
Debt / equity Q 0.55
Interest coverage Q 9.52
Growth
Revenue growth Q +9.65% (above 0%: growing)
Operating income growth Q +30.01% (above 0%: growing)
EPS, this year −28.56% (below 0%: weak)
EPS, next year A +29.75% (at or above 15%: strong)
Revenue, next year A +11.27% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +5.35%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.6×, against a ten-year median of 3.6×; over the ten years it ranged from 1.8× in 2022 to 9.6× in 2021.
P/E against its own 10 years 65.94%
10-year low 10-year high
P/S against its own 10 years 17.99%
10-year low 10-year high
P/B against its own 10 years 18.06%
10-year low 10-year high
EV/Sales against its own 10 years 19.06%
10-year low 10-year high
EV/FCF against its own 10 years 1.37%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 6,212 7,522 8,264 10,684
Receivables 3,404 3,333 3,827 4,427
Inventory — — — —
Other — — — —
11,297 12,245 13,993 17,869
2023 2024 2025 Q'26
Payables 790 858 1,013 1,479
ST’ Debt — — — —
Other 2,077 2,754 3,387 4,220
9,454 11,476 12,320 14,506

Compound Annual Growth %

10y 5y 3y
Sales — 36.10% 17.73%
Cash Flow — 0.00% 150.56%
Earnings — 0.00% 0.00%
Book Value — 16.58% 51.22%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.83 Actual 1.17

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.67 3.11 Beat by 2.44
Q4 FY25 0.79 0.71 Miss by 0.08
Q1 FY26 0.70 0.72 Beat by 0.02
Q2 FY26 0.83 1.17 Beat by 0.34
Q3 FY26 0.94 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.13 1.17 0.28 — —
’25 0.83 0.63 3.11 0.14 4.73
’24 (0.32) 0.47 1.20 3.21 4.56
’23 (0.08) 0.18 0.10 0.66 0.87
’22 (3.04) (1.33) (0.61) 0.29 (4.65)
’21 (0.06) 0.58 (1.28) 0.44 (0.26)
’20 (1.70) (1.02) (0.62) (0.54) (3.86)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 13,203 14,191 14,766 — —
’25 11,533 12,651 13,467 14,366 52,017
’24 10,131 10,700 11,188 11,959 43,978
’23 8,823 9,230 9,292 9,936 37,281
’22 6,854 8,073 8,343 8,607 31,877
’21 2,903 3,929 4,845 5,778 17,455
’20 3,248 1,913 2,813 3,165 11,139
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 2,351 2,862 2,639 — —
’25 2,324 2,564 2,328 2,883 10,099
’24 1,416 1,820 2,151 1,750 7,137
’23 606 1,190 966 823 3,585
’22 15 439 432 (244) 642
’21 (611) (341) 614 (107) (445)
’20 (463) (1,071) (406) (805) (2,745)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 2,286 2,792 2,535 — —
’25 2,250 2,475 2,230 2,808 9,763
’24 1,359 1,721 2,109 1,706 6,895
’23 549 1,140 905 768 3,362
’22 (47) 382 358 (303) 390
’21 (682) (398) 524 (187) (743)
’20 (661) (1,235) (537) (928) (3,361)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 4.0% a year for ten years.

Implied
4.0%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,845 7,932 10,433 13,000 11,139 17,455 31,877 37,281 43,978 52,017 56,526 +33.6% 57,880 66,758 76,356 +13.6%
Gross margin, % 42.05 47.55 54.13 53.38 53.73 46.43 38.33 39.76 39.40 39.75 43.21 (2.3) pt
EBT (3,218) (4,575) 1,312 (8,433) (6,946) (1,025) (9,426) 2,321 4,125 5,800 4,919 n/m
EBT margin, % (83.69) (57.68) 12.58 (64.87) (62.36) (5.87) (29.57) 6.23 9.38 11.15 8.70 +94.8 pt
Net income (370) (4,033) 987 (8,512) (6,788) (570) (9,138) 2,156 9,845 10,093 3,584 n/m
Per share, $
Per share, $ Revenue 9.34 18.60 23.53 10.41 6.35 9.22 16.16 18.31 21.00 24.95 27.73 +11.5%
Earnings (0.90) (9.46) 2.23 (6.81) (3.86) (0.26) (4.64) 0.93 4.71 4.82 1.73 n/m
Cash flow (7.08) (3.33) (3.48) (3.46) (1.57) (0.24) 0.33 1.76 3.41 4.84 5.27 n/m
Capex (3.93) (1.14) (0.43) (0.47) (0.35) (0.16) (0.13) (0.11) (0.12) (0.16) (0.15) (29.9%)
Free cash flow (11.01) (4.47) (3.90) (3.93) (1.92) (0.39) 0.20 1.65 3.29 4.68 5.11 n/m
Book value 0.00 (20.07) (16.66) 11.91 7.40 8.00 4.09 5.91 10.69 13.39 14.02 n/m
Shares, m 412 426 443 1,248 1,753 1,893 1,972 2,036 2,095 2,085 2,053 +19.8%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 64.15 12.86 16.95 39.72 9.4
P/S 1.72 1.72 1.72 2.86 8.03 4.55 1.57 3.19 2.87 3.28 2.48 3.1
P/B 0.00 0.00 0.00 2.50 6.89 5.24 6.19 9.88 5.64 6.10 4.90 4.2
EV/Sales 1.84 1.84 1.84 2.45 8.16 4.83 1.72 3.28 2.90 3.33 2.60 3.2
EV/FCF (8.77) (8.77) (8.77) (6.48) (27.05) (113.52) 140.47 36.41 18.49 17.72 14.10 4.0
Cash, $m
Cash, $m Operating cash flow (2,913) (1,418) (1,541) (4,321) (2,745) (445) 642 3,585 7,137 10,099 10,735 n/m
Capex (1,618) (487) (189) (588) (616) (298) (252) (223) (242) (336) (314) (16.0%)
Free cash flow (4,531) (1,905) (1,730) (4,909) (3,361) (743) 390 3,362 6,895 9,763 10,421 n/m
Balance, $m
Balance, $m Working capital — 2,990 4,399 8,286 3,017 (205) 396 1,843 769 1,673 3,363 (7.0%)
Net debt — (1,487) 396 (5,705) 483 4,350 4,274 3,247 825 2,257 4,980 n/m
Shareholders’ equity — (8,557) (7,385) 14,872 12,967 15,145 8,074 12,028 22,383 27,918 28,575 n/m
Returns, %
Returns, % ROA (4.80) (52.29) 5.06 (30.52) (20.82) (1.38) (25.79) 5.33 21.92 17.79 5.16 +22.6 pt
ROIC 0.00 0.00 0.00 (58.61) (22.60) (12.29) (9.27) 4.54 7.54 11.53 13.10 +11.5 pt
ROE 0.00 50.60 (12.51) (227.22) (48.62) (3.53) (78.74) 18.77 57.28 39.97 12.04 +40.0 pt
People
People Employees — — 22,263 26,900 22,800 29,300 32,800 30,400 31,100 34,000 — +6.2%
Revenue/emp, $m 0.00 0.00 0.47 0.48 0.49 0.60 0.97 1.23 1.41 1.53 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Uber is a technology platform that connects people and businesses with providers of transportation, delivery and logistics services. Founded in 2009, it is headquartered in San Francisco and led by chief executive Dara Khosrowshahi.

Its Mobility business connects riders with independent drivers for trips. The platform also offers access to other transportation options, including taxis, rentals, carsharing, micromobility and public transit. Riders use Uber’s applications to find transportation, while drivers use them to find earning opportunities.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Mobility 29,670 57.04%
Delivery 17,248 33.16%
Freight 5,099 9.80%
Gross margin 39.75%
Operating margin 10.70%
Pre-tax margin 11.15%

Revenue by segment since 2017

Uber Technologies, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SHOP Shopify Inc. $184.9B 87.9× 97.3× +31.58% (above 0%: growing) +79.50% (above 0%: growing) +60.95% (above 0%: growing) 47.59% 15.18% Compare
CRM Salesforce, Inc. $183.0B 20.2× 21.9× +10.83% (above 0%: growing) +118.27% (above 0%: growing) +81.49% (above 0%: growing) 76.65% 20.55% Compare
UBER Uber Technologies, Inc. $140.5B 39.7× 20.5× +9.65% (above 0%: growing) −91.22% (below 0%: shrinking) +13.68% (above 0%: growing) 43.46% 9.80%
ADP Automatic Data Processing, Inc. $121.3B 27.1× 23.8× +6.10% (above 0%: growing) +13.51% (above 0%: growing) −4.05% (below 0%: shrinking) 46.00% 26.64% Compare
NOW ServiceNow, Inc. $106.3B 73.1× 73.2× +20.52% (above 0%: growing) −44.21% (below 0%: shrinking) +31.46% (above 0%: growing) 70.51% 9.38% Compare
ADBE Adobe Inc. $95.9B 13.7× 13.7× +12.89% (above 0%: growing) +10.77% (above 0%: growing) +14.68% (above 0%: growing) 88.71% 34.82% Compare
SNOW Snowflake Inc. $95.1B — (loss-making) — (loss-making) +35.09% (above 0%: growing) n/m +47.23% (above 0%: growing) 67.02% (17.00%) Compare
INTU Intuit Inc. $94.8B 21.4× 16.8× +13.65% (above 0%: growing) −1.47% (below 0%: shrinking) +253.37% (above 0%: growing) 78.11% 10.91% Compare
CDNS Cadence Design Systems, Inc. $85.5B 61.7× 67.7× +21.99% (above 0%: growing) −0.15% (below 0%: shrinking) +30.67% (above 0%: growing) 85.57% 26.25% Compare
Median of peers $101.1B 27.1× 23.8× +17.09% +10.77% +39.34% 73.58% 17.86%

All 230 Software Application stocks →

From the latest earnings call

Updated

  • CEO Dara Khosrowshahi said Mobility fell short of expectations as driver supply lagged demand in several international markets, prompting targeted investment in availability.
  • CFO Balaji Krishnamurthy said Uber expects autonomous fleets to be financed by third-party capital over the long run rather than its own balance sheet.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
UBS Nov 3, 2026 Target cut Buy 110.00 → 106.00
Bank of America Oct 28, 2026 Reiterated — 101.00
Wells Fargo Oct 28, 2026 Target raised Outperform 89.00 → 92.00
Citizens Oct 27, 2026 Reiterated Outperform 100.00
Cantor Fitzgerald Oct 27, 2026 Reiterated Outperform 90.00
Guggenheim Oct 27, 2026 Reiterated Buy 125.00
Arete Research Oct 17, 2026 Downgrade Hold 74.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 81.77%
Held by the ten largest 42.09%
Holder Shares Stake Change
Vanguard 188.08m 9.22% −4.81m
Capital Group 147.35m 7.22% +11.57m
BlackRock 145.97m 7.16% −5.02m
State Street 89.69m 4.40% −948.31k
Morgan Stanley 72.85m 3.57% −4.22m
PUBLIC INVESTMENT FUND 72.84m 3.57% 0.00
Geode Capital Management 45.81m 2.25% −2.07m
UBS 35.09m 1.72% +3.30m
PERSHING SQUARE INC. 34.33m 1.68% +34.33m
Norges Bank 26.71m 1.31% +26.71m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 23 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 35.60m 66.65m 160.22
2024 39.41m 74.25m 118.27
2023 24.25m 109.67m 120.73
2022 24.28m (8.95m) 48.49
2021 19.94m 4.21m 82.22

Ownership

Directors and executive officers, together 3.81%
The Vanguard Group 9.34%
BlackRock 6.82%
Capital Research Global Investors 5.78%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Uber Technologies, Inc. (UBER) Latest News

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3 Nov

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UBER metrics, ten years each

stockrow.com/UBER · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com