UBER · 10-Q · 2026Q2 · Full report

Operating Margin Drivers

Uber Technologies, Inc · 2026-08-05 · Importance 59 · Surprise 48 · In source text

Second-quarter income from operations declined 23% year over year to $1.45 billion, and six-month operating income declined 30% to $2.68 billion. The operating-income decline reflected higher sales and marketing, research and development, general and administrative, and operations and support expenses despite only a 3% quarterly and 4% six-month increase in cost of revenue. Mobility Segment Operating Income increased 28% to $1.7 billion in the quarter, primarily because of higher Gross Bookings and an $813 million reduction in Driver payments and incentives. Delivery Segment Operating Income increased 38% to $1.1 billion, while Freight remained loss-making with a $26 million quarterly operating loss.

Key facts

• Delivery Segment Operating Income in Q2 2026: $1,437 million, increased $289 million or 38% versus Q2 2025 source
• Mobility Segment Operating Income in Q2 2026: $2,215 million, increased $486 million or 28% versus Q2 2025 source

Impact estimates