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$72.46
Market Capi
$151B
Growth-adj P/E (2-yr hist)i
0.1x
Growth-adj P/E (3-yr proj)i
7.2x
P/S 26Ei
2.6x
P/S 28Ei
2.0x
EV/EBIT 26Ei
18x
EV/EBIT 28Ei
10x
P/E 26Ei
24x
P/E 28Ei
13x
P/S 26Ei
2.6x
EV/EBIT 26Ei
18x
P/E 26Ei
24x
P/S 28Ei
2.0x
EV/EBIT 28Ei
10x
P/E 28Ei
13x
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
$104.55+40%
Consensusi
Buy
52 analysts covering
Net debti
$863M
Div. Yieldi
n/a
Buyback Yldi
1.3%
Market Capi
$151B
P/E 26Ei
24x
Adj. P/E (fwd.)i
7.2x
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
$104.55+40%
Consensusi
Buy
52 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
Q1 2026 revenue grew 14% year-over-year to $13.2 billion, with gross bookings up 25% to $53.7 billion — both ahead of consensus expectations.
Non-GAAP EPS of $0.72 beat analyst estimates by roughly 3%, continuing the pattern of modest but consistent beats.
Trips reached 3.6 billion in the quarter, up 20% year-over-year, with Mobility bookings accelerating and Delivery led by grocery and retail strength.
Management guided Q2 2026 gross bookings of $56.25–$57.75 billion, implying 18–22% constant-currency growth — a range the market received as constructive but not especially expansive.
Recent developments
In February 2026, Uber unveiled *Uber Autonomous Solutions*, a dedicated division offering software and operational services to help AV partners commercialize robotaxi, trucking, and delivery robot businesses — positioning Uber as the infrastructure layer, not just a distribution channel.
In March 2026, Uber announced a strategic investment of up to $1.25 billion in Rivian through 2031, with commercial ride-hailing deployments planned for San Francisco and Miami starting in 2028.
Uber and Volkswagen are partnering to deploy fully autonomous ID. Buzz AD electric vehicles on the Uber platform in Los Angeles in 2026, one of several live AV expansions alongside Waymo operations already running in Atlanta, Austin, and Phoenix.
Jill Hazelbaker was named President as of May 10, 2026, joining Andrew Macdonald (President since June 2025) in a dual-president structure, while Balaji Krishnamurthy stepped into the CFO role in February 2026.
Debate & sentiment
Bulls point to the Uber One membership flywheel — 50 million members now drive roughly half of all gross bookings across Mobility and Delivery — as a structural retention and frequency driver that strengthens unit economics at scale.
The autonomous vehicle strategy is dividing opinion: optimists argue Uber's asset-light orchestration model means it wins regardless of which AV technology prevails; skeptics worry that Waymo and other AV operators may eventually bypass Uber's platform as their networks mature.
Valuation is a notable point of tension — the stock is down meaningfully over the past year despite strong operational momentum, which bulls read as an attractive entry on compressed multiples and bears attribute to macro sensitivity in consumer discretionary and freight.
The Rivian investment and expanding AV partner roster raise questions about capital allocation discipline, though management frames these as strategic bets on the long-term orchestration layer rather than speculative hardware plays.
Consensusi
Buy
Average targeti
$104.55+40%
Highest targeti
$150.00+102%
Lowest targeti
$70.00-6%
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