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Uber Technologies cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$2.5B in Q3 2026 · $10.4B over twelve months

Operating cash flow$2.6B
Capital spending−$104M
Free cash flow+$2.5B
Cash / net income4.6×
Cash conversion cycle12 days

Analysis

In Q3 2026, Uber Technologies generated $2.6B of operating cash flow and spent $104M on capital projects, leaving free cash flow of $2.5B. That is $305M more than in Q3 2025 ($2.2B).

Over the twelve months to Sep 30, 2026, operating cash flow was $10.7B; the largest uses were buybacks ($6.2B), other investing ($5.8B), acquisitions ($1.6B); besides operations, cash came from net borrowing (+) / repaid (−) ($3.8B), other financing ($12.0M); the cash balance rose by $679M.

Operating cash flow was $2.6B against net income of $569M — 4.6× profit, cash ran ahead of reported earnings. The largest differences: accrued liabilities +$880M, prepaid and other assets −$629M, stock-based pay +$591M.

Its cash conversion cycle was 12 days (receivables 27 + inventory 0 − payables 16).

Free cash flow

Uber Technologies: free cash flow by quarterUber Technologies: free cash flow by quarter$1.7BQ4 2024$2.2BQ1 2025$2.5BQ2 2025$2.2BQ3 2025$2.8BQ4 2025$2.3BQ1 2026$2.8BQ2 2026$2.5BQ3 2026
Operating cash flow less capital spending.
Uber Technologies: operating cash flow against capital spendingUber Technologies: operating cash flow against capital spendingOperating cash flowCapital spending$1.8B$44.0MQ4 2024$2.3B$74.0MQ1 2025$2.6B$89.0MQ2 2025$2.3B$98.0MQ3 2025$2.9B$75.0MQ4 2025$2.4B$65.0MQ1 2026$2.9B$70.0MQ2 2026$2.6B$104MQ3 2026
Latest (Q3 2026): Operating cash flow $2.6B, Capital spending $104M.

Capital allocation, year by year

Uber Technologies: where the cash came from (up) and went (down), by fiscal yearUber Technologies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$445MFY2021: Net borrowing $1.2BFY2021: Shares issued $675MFY2021: Capital spending −$298MFY2021: Acquisitions −$2.3B$1.9BFY2021FY2022: Operating cash flow $642MFY2022: Net borrowing −$184MFY2022: Shares issued $255MFY2022: Asset sales $26.0MFY2022: Capital spending −$252MFY2022: Acquisitions −$59.0M$923MFY2022FY2023: Operating cash flow $3.6BFY2023: Net borrowing −$22.0MFY2023: Capital spending −$223M$3.6BFY2023FY2024: Operating cash flow $7.1BFY2024: Net borrowing −$186MFY2024: Capital spending −$242MFY2024: Buybacks −$1.3B$7.1BFY2024FY2025: Operating cash flow $10.1BFY2025: Net borrowing $852MFY2025: Capital spending −$336MFY2025: Acquisitions −$815MFY2025: Buybacks −$6.5B$11.0BFY2025
Over these 5 years operating cash flow totalled $21.0B; the largest uses were buybacks ($7.8B) and acquisitions ($3.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$10.1B
Debt$15.7B
Net debt$5.6B

Uber Technologies funds itself: free cash flow was $10.4B over the last twelve months, and $10.1B of cash and investments stands against $15.7B of debt.

Uber Technologies: debt maturities by year (FY2025)Uber Technologies: debt maturities by year (FY2025)$2.9BYear 3$1.5BYear 4$1.2BYear 5$5.0BAfter year 5
Principal due in each year as disclosed in the annual report, against $10.1B of cash and investments now.

Where the cash came from and went

Uber Technologies: sources (+) and uses (−) of cash, Q3 2026Uber Technologies: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)−$5.0BNet borrowing (+) / repaid (−)$3.1BOperating cash flow$2.6BOther investing$1.1BAcquisitions−$902MBuybacks−$750MCapital spending−$104MOther financing−$40.0MExchange rates−$34.0M
Uber Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Uber Technologies: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$10.7BBuybacks−$6.2BOther investing−$5.8BNet borrowing (+) / repaid (−)$3.8BAcquisitions−$1.6BCash drawn (+) / kept (−)−$679MCapital spending−$314MOther financing$12.0MExchange rates$9.0M

From profit to cash

Uber Technologies: net income to operating cash flow, Q3 2026Uber Technologies: net income to operating cash flow, Q3 2026Net income$569MDepreciation & amortization$212MStock-based pay$591MDeferred taxes$118MOther non-cash−$98.0MReceivables−$99.0MPayables$45.0MAccrued liabilities$880MPrepaid and other assets−$629MOperating cash flow$2.6B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202627—1612
Q2 202626—1511
Q1 202626—1413
Q4 202524—1113
Q3 202526—1214
Q2 202526—1115
Q1 202527—1115
Q4 202427—1117

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$2.6B−$104M−$902M−$750M$3.1B−$5.0B$2.5B
Q2 2026$2.9B−$70.0M−$647M−$518M−$42.0M$933M$2.8B
Q1 2026$2.4B−$65.0M−$6.0M−$3.0B−$40.0M$1.5B$2.3B
Q4 2025$2.9B−$75.0M−$11.0M−$1.9B−$1.2B$1.8B$2.8B
Q3 2025$2.3B−$98.0M—−$1.5B$995M−$1.8B$2.2B
Q2 2025$2.6B−$89.0M−$804M−$1.4B−$28.0M−$1.1B$2.5B
Q1 2025$2.3B−$74.0M—−$1.8B−$47.0M$10.0M$2.2B
Q4 2024$1.8B−$44.0M—−$555M−$2.0B$393M$1.7B

Uber Technologies: income statement and cash flow

Uber Technologies, Q3 2026: revenue $14.8B (+10% year over year), operating margin 9.8%. The chart follows the revenue to costs, profit and cash.

Uber Technologies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.