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Uber Technologies (UBER) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 6, 2025

Uber Technologies (UBER) reported revenue of $12.7B for the second quarter 2025 (Q2 2025), +18% from a year earlier and +10% from the quarter before. Operating margin was 11.5%, net earnings $1.4B (10.7% of revenue).

Revenue$12.7B
Year over year+18%
Quarter over quarter+10%
Operating margin11.5%
Net earnings$1.4B

Uber Technologies, Q2 2025: revenue $12.7B (+18% year over year), operating margin 11.5%, net earnings $1.4B, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$12.7B+10%+18%
Operating profit$1.4B+18%+82%
Net earnings$1.4B-24%+34%
Operating cash flow$2.6B+10%+41%
Free cash flow$2.5B—+44%

What changed

Revenue was $12.7B in Q2 2025, up 18% year over year and up 10% from the previous quarter.

Operating profit was $1.4B, a 11.5% margin (up 4.0 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 7% margin then. Total costs grew 13% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+17%). Net earnings were $1.4B, up 33% year over year. The effective tax rate was 9.5%.

Operating cash flow was $2.6B (up 41% year over year), 190% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.47B of share-based compensation. Working capital and other items added $0.56B. After purchases of property and equipment ($0.09B), free cash flow as the company reports it was $2.5B.

Questions

What was Uber Technologies' revenue in the second quarter 2025?

Uber Technologies (UBER) reported revenue of $12.7B for the second quarter 2025 (Q2 2025), +18% from a year earlier and +10% from the quarter before.

Was Uber Technologies profitable in the second quarter 2025?

Operating profit was $1.4B (11.5% of revenue) and net earnings $1.4B.

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Source: Uber Technologies 10-Q on SEC EDGAR.