Uber Technologies (UBER) Q3 2026 earnings summary

Executive summary

• Gross Bookings reached $59.819B, up 20% YoY in constant currency for a fifth consecutive quarter; Trips rose 16% to 4.061B and MAPCs increased 14% to 215M.

• Revenue grew 10% to $14.766B, while business-model changes reduced reported and constant-currency revenue growth by 8 percentage points.

• Non-GAAP Operating Income rose 38% to $2.304B and Non-GAAP EPS increased 35% to $0.88.

• Mobility growth fell short of expectations amid international driver supply constraints; Delivery momentum remained strong, and supply improved in October.

Financial highlights

• GAAP operating income increased 30% YoY to $1.447B; GAAP net income was $512M and diluted EPS was $0.25, versus $6.626B and $3.11 a year earlier.

• Adjusted EBITDA rose 31% to $2.96B and Non-GAAP Net Income grew 29% to $1.80B.

• Q3 free cash flow was $2.535B; trailing 12-month free cash flow reached a record $10.421B.

• Drivers and couriers earned well over $25B in Q3.

Outlook and guidance

• Q4 Gross Bookings guidance is $63.25B–$65.25B, up 18%–22% YoY in constant currency, including an ~1-point currency headwind to reported growth.

• Q4 Adjusted EBITDA guidance is $3.13B–$3.23B; Non-GAAP EPS guidance is $0.95–$0.99, up 34%–39% YoY.

• Fully driverless fleet targets are ~700 vehicles by year-end 2026 and more than 2,000 by end-2027, with a larger commercial ramp planned from 2028.

• Q4 priorities include improving Mobility supply, sustaining Delivery momentum and meeting AV milestones while pursuing profitable growth.