Not yet. Uber Freight posted a $24 million segment operating loss in Q2 2026, slightly smaller than the $26 million loss a year earlier, on $1.58 billion of revenue (+26%). Mobility ($2.2B) and Delivery ($1.1B) produce Uber’s segment profit.
Sources: Uber Q2 2026 earnings release (Form 8-K, SEC EDGAR). Analysis by The Business Engineer.
How we source: figures on this page come from the company’s own filings (SEC 10-K, 10-Q and earnings releases, or its annual report), with the period stated next to each number. Last refreshed October 2026. Our methodology.
Company explainer · Uber, explained
A 3-minute explainer of Uber's business model and latest numbers, built from its SEC filings. Analysis by The Business Engineer.
Uber Freight: the latest data
Uber Freight generated $5.1 billion of revenue in 2025, about 10% of Uber’s total. In Q2 2026, Freight revenue grew 26% to $1.6 billion.
Uber reports Freight’s profitability within its segment results. In Q4 2025, Freight’s segment adjusted EBITDA was roughly break-even, compared with a loss of $22 million a year earlier, according to Uber’s Q4 2025 earnings release. Freight is the smallest of Uber’s three segments.
| Quarter | Freight revenue | Freight gross bookings |
|---|---|---|
| 2024 Q4 | $1,275M | $1,273M |
| 2025 Q1 | $1,260M | $1,259M |
| 2025 Q2 | $1,261M | $1,260M |
| 2025 Q3 | $1,308M | $1,307M |
| 2025 Q4 | $1,270M | $1,267M |
| 2026 Q1 | $1,337M | $1,334M |
| 2026 Q2 | $1,583M | $1,571M |
Source: Uber quarterly earnings releases (Form 8-K, SEC EDGAR). Data checked 8 October 2026.
Why Freight is different
Freight is Uber’s smallest segment: $5.1 billion of revenue in 2025, about 10% of the total. It matches shippers with carriers, but unlike rides it is a low-margin brokerage business, where most of the revenue passes through to the trucking companies that move the loads.
Uber reports a profit or loss for each segment. In Q2 2026 Mobility earned $2,215 million and Delivery $1,055 million of segment operating income, while Freight lost $24 million. In Q4 2025 the Freight loss was $18 million, down from $41 million a year earlier. The direction is better; it is still not profitable.
Freight revenue jumped 26% in Q2 2026 to $1.58 billion, after a year in which it was flat at about $1.26โ1.31 billion a quarter. Watch whether that growth holds before reading it as a turn in the freight cycle. More: Uber Freight business model, Uber Freight revenue.
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More on Is Uber Freight Profitable? and its peers
Earlier figures and background
In 2023, the Uber Freight platform reported a negative EBITDA of $64 million. The Uber Freight segment reached break-even in 2022 when it moved from a negative EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) to a natural one. Compared to $130 million in negative EBITDA in 2021 and a negative EBITDA of $227 million in 2020.
Frequently asked questions
Is Uber Freight profitable?
No. It reported a $24 million segment operating loss in Q2 2026 and an $18 million loss in Q4 2025 (Uber earnings releases).
How big is Uber Freight?
$5.1 billion of revenue in 2025 and $1.58 billion in Q2 2026, about 11% of Uber’s quarterly revenue.
