Revenue Growth Driven by Core Platform Expansion
Uber's Q1 FY2026 revenue grew 14.5% YoY from $11.5B to $13.2B, reflecting continued expansion across its Mobility and Delivery segments as trip volumes and gross bookings increased.
Uber Technologies, Inc is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Uber delivered strong Q1 FY2026 revenue growth of 14.5% to $13.2B and a 56.6% surge in operating income to $1.9B, but net income collapsed 85.2% YoY to $263M, likely due to non-operating items such as investment mark-to-market losses, while the company aggressively returned $3.0B to shareholders via buybacks.
Drawn from management commentary in the Q1 2026 10-Q:
Uber's Q1 FY2026 revenue grew 14.5% YoY from $11.5B to $13.2B, reflecting continued expansion across its Mobility and Delivery segments as trip volumes and gross bookings increased.
Operating income surged 56.6% YoY to $1.9B, with operating margin expanding approximately 390 basis points from 10.6% to 14.6%, demonstrating meaningful operating leverage as revenue growth outpaced cost growth.
Despite strong operating performance, net income fell 85.2% YoY to $263M (vs. $1.78B prior year), suggesting significant non-operating headwinds — likely unrealized losses on equity investments in companies such as Didi, Aurora, or Grab — which are excluded from operating income.
Revenue
$13.2B
++14.48% YoY
EPS (Basic)
$0.13
-84.71% YoY
Operating Income
$1.92B
++56.60% YoY
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