UBER · 10-Q · 2026Q2 · Full report

Investment Gains and Losses

Uber Technologies, Inc · 2026-08-05 · Importance 48 · Surprise 42 · In source text

Second-quarter 2026 gains on debt and equity securities increased by $1.6 billion, materially contributing to net income of $2.4 billion. The quarter included a $1.1 billion unrealized gain on the Delivery Hero investment and an $899 million gain on the Aurora investment. These gains were partially offset by a $437 million unrealized loss on the Didi investment. Six-month investment results included $990 million of Aurora gains and $980 million of Delivery Hero gains, offset by $1.1 billion of Didi losses and $654 million of Grab losses.

Key facts

• Pre-tax unrealized gain on debt and equity securities in Q2 2026: $1.6 billion, primarily related to changes in fair value of equity securities source
• Purchases of total return swaps in six months ended June 30, 2026: $1.6 billion source
• Gains (losses) on debt and equity securities, net in Q2 2026 primarily include: $1.1 billion unrealized gain on Delivery Hero, $899 million gain on Aurora, $102 million net unrealized gain on other investments, partially offset by $437 million loss on Didi source
• During six months ended June 30, 2026 gains (losses) on debt and equity securities primarily include: $990 million gain on Aurora, $980 million unrealized gain on Delivery Hero, partially offset by $1.1 billion unrealized loss on Didi, $654 million net unrealized loss on Grab, and $67 million net unrealized loss on other investments source
• Purchases of marketable securities in six months ended June 30, 2026: $17.6 billion; proceeds from maturities and sales: $14.7 billion source

Impact estimates