UBER · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

Uber Technologies, Inc · 2026-11-04 · Importance 77 · Surprise 82

Uber recorded an income tax benefit of $4.0 billion in the third quarter of 2026, with an effective tax rate of negative 154%, and a $4.3 billion benefit for the first nine months, with a negative 78% effective rate. The year-over-year provision changes primarily reflect the release of the valuation allowance on Netherlands deferred tax assets in 2025. In the quarter, the comparison was also affected by the deferred U.S. tax impact of equity securities.

Key facts

• Uber expects tax provisions effective in 2026 under the 15% OECD minimum-tax framework to have an insignificant impact on its 2026 tax obligations. source
• Uber's Q3 2026 income tax provision change reflected the Netherlands deferred-tax-asset valuation allowance release in Q3 2025, offset by the deferred U.S. tax impact of equity securities. source
• Uber maintains a valuation allowance against California R&D credits because it expects credit generation to exceed its ability to use the credits in future periods. source
• The nine-month 2026 income tax provision change resulted from the release of the valuation allowance on Netherlands deferred tax assets in the first nine months of 2025. source