Uber Technologies, Inc. (UBER) Announced Q1 2026 Earnings on May 6, 2026, Reporting "Non-GAAP EPS increased 44% year-over-year".

Uber Technologies, Inc. delivered top line and profitability at or above the high end of their guidance for the first quarter of 2026.Chief Executive Officer Dara Khosrowshahi stated, "Gross bookings were up 21% year-on-year". Mobility gross bookings accelerated to 20% with record margins, Delivery grew 23%, and freight returned to growth for the first time in nearly two years.The company also reported that "Non-GAAP EPS increased 44% year-over-year". During the quarter, Uber returned a record $3 billion to shareholders through buybacks.Uber surpassed 50 million Uber One members and 10 million drivers and couriers globally.Uber One accounts for over 50% of bookings and is growing 50% year-on-year.Management highlighted growth in sparse markets and United States suburbs, noting that trip growth rates are growing 2x faster in these areas compared to core urban markets.Furthermore, Uber expects the United States Mobility business to accelerate in 2026, aided by hundreds of millions of dollars of savings in the insurance line this year.The company is actively integrating Artificial Intelligence to improve efficiency, reporting that about 10% of their code is now built by autonomous agents.On the product and partnership front, Uber expanded its travel offerings by integrating 700,000 hotels onto its platform through a relationship with Expedia. In the autonomous vehicle space, the company launched Uber Autonomous Solutions and expanded its network to more than 30 autonomous partners, including Zoox, Nuro, and Waymo.Chief Executive Officer Dara Khosrowshahi noted that AV Mobility trips grew more than 10x year-on-year.The company remains on track to be live in up to 15 cities by the end of the year and announced a new financing relationship with Santander to help scale autonomous vehicle fleets.