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Uber Technologies (UBER) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Feb 13, 2026

Uber Technologies (UBER) reported revenue of $14.4B for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and +7% from the quarter before. Operating margin was 12.3%, net earnings $296M (2.1% of revenue).

Revenue$14.4B
Year over year+20%
Quarter over quarter+7%
Operating margin12.3%
Net earnings$296M

Uber Technologies, Q4 2025: revenue $14.4B (+20% year over year), operating margin 12.3%, net earnings $296M, operating cash flow $2.9B. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$14.4B+7%+20%
Operating profit$1.8B+59%+130%
Net earnings$296M-96%-96%
Operating cash flow$2.9B+24%+65%
Free cash flow$2.8B—+65%

What changed

Revenue was $14.4B in Q4 2025, up 20% year over year and up 7% from the previous quarter.

Operating profit was $1.8B, a 12.3% margin (up 5.9 points year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, above the 6% margin then. Total costs grew 13% against revenue growth of 20%. The fastest-growing cost line was Cost of revenue (+20%). Net earnings were $0.30B, down 96% year over year. The effective tax rate was -14.4%.

Operating cash flow was $2.9B (up 65% year over year), 909% of net income including minority interests. Non-cash charges added back $0.18B of depreciation and amortization and $0.45B of share-based compensation. Working capital and other items added $1.9B. After purchases of property and equipment ($0.07B), free cash flow as the company reports it was $2.8B.

Questions

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

Uber Technologies (UBER) reported revenue of $14.4B for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and +7% from the quarter before.

Was Uber Technologies profitable in the fourth quarter 2025?

Operating profit was $1.8B (12.3% of revenue) and net earnings $296M.

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Source: Uber Technologies 10-K on SEC EDGAR.