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Uber Technologies (UBER) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 4, 2025

Uber Technologies (UBER) reported revenue of $13.5B for the third quarter 2025 (Q3 2025), +20% from a year earlier and +6% from the quarter before. Operating margin was 8.3%, net earnings $6.6B (49.2% of revenue).

Revenue$13.5B
Year over year+20%
Quarter over quarter+6%
Operating margin8.3%
Net earnings$6.6B

Uber Technologies, Q3 2025: revenue $13.5B (+20% year over year), operating margin 8.3%, net earnings $6.6B, operating cash flow $2.3B. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$13.5B+6%+20%
Operating profit$1.1B-23%+5%
Net earnings$6.6B+389%+154%
Operating cash flow$2.3B-9%+8%
Free cash flow$2.2B—+6%

What changed

Revenue was $13.5B in Q3 2025, up 20% year over year and up 6% from the previous quarter.

Operating profit was $1.1B, a 8.3% margin (down 1.2 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 9% margin then. Total costs grew 22% against revenue growth of 20%. The fastest-growing cost line was General & admin (+88%). Net earnings were $6.6B, up 154% year over year. The tax line was a benefit of $4.0B on pre-tax earnings of $2.6B. Non-operating items added $1.5B, 58% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $2.3B (up 8% year over year), 35% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.47B of share-based compensation. Working capital and other items used $5.0B. After purchases of property and equipment ($0.10B), free cash flow as the company reports it was $2.2B.

Questions

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

Uber Technologies (UBER) reported revenue of $13.5B for the third quarter 2025 (Q3 2025), +20% from a year earlier and +6% from the quarter before.

Was Uber Technologies profitable in the third quarter 2025?

Operating profit was $1.1B (8.3% of revenue) and net earnings $6.6B.

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Source: Uber Technologies 10-Q on SEC EDGAR.