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$78.82
Market Capi
$161B
Growth-adj P/E (2-yr hist)i
0.1x
Growth-adj P/E (3-yr proj)i
7.5x
P/S 26Ei
2.8x
P/S 28Ei
2.1x
EV/EBIT 26Ei
19x
EV/EBIT 28Ei
11x
P/E 26Ei
24x
P/E 28Ei
14x
P/S 26Ei
2.8x
EV/EBIT 26Ei
19x
P/E 26Ei
24x
P/S 28Ei
2.1x
EV/EBIT 28Ei
11x
P/E 28Ei
14x
Revenue
2026E
$58B
Gross Margini
38%
Hist. CAGRi
18%
Proj. CAGRi
13%
EBIT
2026E
$8.6B
Op. Margini
11%
Hist. CAGRi
124%
Proj. CAGRi
33%
Net profit
2026E
$6.1B
Net Margini
19%
Hist. CAGRi
131%
Proj. CAGRi
1.8%
Business Model
Recent Developments
Average Targeti
$103.89+44%
Consensusi
Buy
51 analysts covering
Net debti
$2.2B
Div. Yieldi
n/a
Buyback Yldi
1.3%
Market Capi
$161B
P/E 26Ei
24x
Adj. P/E (fwd.)i
7.5x
Revenue 26E
$58B
Proj. CAGRi
13%
Gross Margini
38%
EBIT 26E
$8.6B
Proj. CAGRi
33%
Op. Margini
11%
Net Profit 26E
$6.1B
Proj. CAGRi
1.8%
Net Margini
19%
Average Targeti
$103.89+44%
Consensusi
Buy
51 analysts covering
Profile
Uber operates a global technology marketplace connecting consumers with transportation, food delivery, and freight services. Revenue is earned primarily through service fees and commissions taken from each transaction on its platform.
Industry
Uber serves consumer and business customers across ride-hailing, food delivery, and logistics — markets defined by high transaction frequency, intense local competition, and thin per-trip margins offset by volume. The US and Canada account for roughly 51% of revenue, with EMEA at ~32%, Asia-Pacific at ~11%, and Latin America at ~6%. Competitive intensity remains high across all segments: Lyft in US ride-hailing, DoorDash and Instacart in delivery, and a fragmented set of regional incumbents globally.
Key metrics
Economic moat
Uber's primary moat is a two-sided network effect: more riders attract more drivers, which reduces wait times and attracts more riders. This density advantage is particularly durable in large metros where Uber has established supply-demand equilibrium. Uber One membership adds a switching-cost layer — subscribers with bundled ride and delivery benefits are less likely to defect to Lyft or DoorDash. At scale, the data advantage in demand forecasting, driver routing, and dynamic pricing compounds over time in ways smaller entrants cannot easily replicate.
Dara Khosrowshahi
Khosrowshahi joined Uber in August 2017, recruited to stabilize the company following founder Travis Kalanick's resignation amid a governance crisis. He previously served as CEO of Expedia for over a decade, where he grew it into a global travel marketplace. Under his tenure, Uber achieved its first GAAP profitability, launched Uber One, and pivoted the AV strategy from building proprietary technology to orchestrating third-party fleets.
Balaji Krishnamurthy
Krishnamurthy became CFO in February 2026, succeeding Prashanth Mahendra-Rajah. He brings a background in finance and operations and steps into the role as Uber scales its autonomous solutions division and manages a growing capital allocation agenda including the Rivian investment.
Jill Hazelbaker
Hazelbaker was named President on May 10, 2026, one of two presidents alongside Andrew Macdonald (President since June 2025). She previously served as Uber's Senior Vice President of Marketing and Public Affairs and brings deep institutional knowledge of the company's brand, regulatory positioning, and government relations.
Andrew Macdonald
Macdonald has been President since June 2025 and oversees Uber's core mobility and delivery operations globally. His background is in scaling Uber's international markets, giving the dual-president structure a clear operational and policy split.
P/S Ratioi
EV/EBITiEV/EBIT values for 2021 and 2022 were omitted from this chart because negative or above 250x values usually occur around break-even earnings and would distort the scale. The raw values remain in the table below.
P/E RatioiP/E values for 2021 and 2022 were omitted from this chart because negative or above 150x values usually occur around break-even earnings and would distort the scale. The raw values remain in the table below.
Revenue
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
EBITEBIT year-over-year growth labels for 2022 and 2023 are hidden because the prior comparison year is missing, zero, or negative. Growth rates from missing or non-positive bases are not meaningful.
CAGR (hist. 2-yr)i
0%
CAGR (proj. 3-yr)i
0%
Net profitNet profit year-over-year growth labels for 2022 and 2023 are hidden because the prior comparison year is missing, zero, or negative. Growth rates from missing or non-positive bases are not meaningful.
CAGR (hist. 2-yr)i
0%
CAGR (proj. 3-yr)i
0%
Values in billions of USD.
Operating cashflow · Levered Free Cash Flow
Free Cash FlowFree cash flow year-over-year growth labels for 2022 are hidden because the prior comparison year is missing, zero, or negative. Growth rates from missing or non-positive bases are not meaningful.
CAPEX
Values in billions of USD.
Margins
Rentability
Balance sheet
Values in billions of USD.
Liquidity ratios
Debt-to-Equity-Ratio
Last earnings
Revenue rose 12% year-over-year to $14.2 billion for the quarter ended June 30, 2026, while gross bookings climbed 24% year-over-year to $58.0 billion — the fourth straight quarter above 20% bookings growth.
Non-GAAP EPS of $0.81 grew 35% year-over-year, with non-GAAP net income up 29% to $1.7 billion and adjusted EBITDA up 33% to $2.8 billion.
Growth was broad-based across Mobility, Delivery, and Freight, alongside trips up 18% to 3.9 billion and monthly active platform consumers up 16% to 208 million.
Q3 guidance calls for gross bookings of $58.25-$60.25 billion, plus a pledge to commit over $10 billion toward scaling the autonomous-vehicle network to roughly 120,000 vehicles across 15 cities.
Recent developments
Uber agreed in mid-July to acquire Delivery Hero for €41.50 per share, valuing the German food-delivery company's equity at $14.8 billion, with closing expected in the second half of 2027.
Robotaxi partner Waymo notified Uber it will end their exclusive arrangement in Austin and Atlanta, planning its own consumer app there by January 2028, though the platform contract runs through May 2028.
Zoox's purpose-built robotaxis began operating on Uber's platform in Las Vegas this summer under a partnership announced in March, with a Los Angeles launch targeted for mid-2027.
Debate & sentiment
Bulls cite broad-based, accelerating growth across all three segments alongside rising free cash flow, arguing Uber's asset-light strategy of partnering with multiple AV developers captures robotaxi economics without the full development cost.
Skeptics note the $10 billion-plus AV capital pledge adds balance-sheet and execution risk just as the Delivery Hero deal layers on integration and regulatory complexity.
Waymo's exit from exclusivity in two major markets raises questions about whether Uber's aggregator model holds once AV operators reach the scale to run their own apps.
Some read Q3 guidance implying bookings growth as low as 18% as early deceleration, against management's framing of a still-healthy, increasingly profitable growth path.
Consensusi
Buy
Average targeti
$103.89+44%
Highest targeti
$150.00+108%
Lowest targeti
$70.00-3%
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