Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
Rides earn more than the whole company does
Mobility's segment profit exceeds Uber's total operating income, so rides pay for corporate costs, platform research and Freight's loss.
For investorsHow much of the margin gain survives the UK accounting change?
For foundersUsing a profitable core to fund the next lines of business
A UK model change now subtracts driver pay from revenue, so Mobility sales look flat while trips kept rising.
Net income rose much faster than operating income, mostly on gains in Uber's Delivery Hero and Aurora stakes.
Legal accruals, promotions and engineering pay rose faster than revenue, so the margin gain came from cost of revenue, not leaner overhead.
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Business Lens describes Uber from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
