Uber Eats revenue reached $5.2B a quarter, up 28%. $5.2B: Delivery revenue, Q2 2026. Source: Uber Form 10-K and quarterly earnings releases (SEC EDGAR)

Uber Eats Revenue

In short

Uber Eats (Uber’s Delivery segment) made $17.2 billion of revenue in 2025 and $5.2 billion in Q2 2026, up 28%, on $27.5 billion of gross bookings. It earned $1,055 million of segment operating income in the quarter.

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.

Key figures, at a glance
Uber: Delivery (Uber Eats) revenue, by quarter
0$2B$4B$6BQ4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26$5.2B in Q2 26
FigureValue
Delivery (Uber Eats) revenue, Q2 2026 filing$5.2B
Change vs Q2 2025 calculated+28%

Source: Uber earnings release (8-K, filed 2026-08-05); annual figures from the Uber Form 10-K (2025). Calculated figures are labelled.

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.

In addition, the Uber Eats (delivery) segment enabled Uber to survive throughout the pandemic, as the platform’s core (mobility) was stuck.

Today Uber’s core segment (mobility) is again the main one for Uber. Yet…

Key numbersAs stated in this article
$12.2 billionIn 2023 Uber Eats generated $12.2 billion in revenue , compared to nearly $11 billion in 2022, $8.3 billionโ€ฆThis article
$8.3 billionIn 2021, Uber Eats passed $8.3 billion in revenue, compared to $3.9 billion in revenue in 2020.This article
$20 billionIn 2023, the Uber mobility platform nearly generated $20 billion in revenue, compared to $12.2 billion fromโ€ฆThis article
$14 billionHowever, in 2022, the mobility platform is again the leading segment, which generated $14 billion, comparedโ€ฆThis article

In one lineIn 2023 Uber Eats generated $12.2 billion in revenue , compared to nearly $11 billion in 2022, $8.3 billion in revenue in 2021, and $3.9 billion in revenue in 2020.

FourWeekMBABusiness EngineerAt a glance

In 2023 Uber Eats generated $12.2 billion in revenue, compared to nearly $11 billion in 2022, $8.3 billion in revenue in 2021, and $3.9 billion in revenue in 2020.

In addition, the Uber Eats (delivery) segment enabled Uber to survive throughout the pandemic, as the platform's core (mobility) was stuck.

Today Uber's core segment (mobility) is again the main one for Uber.

One example is how Uber Eats had to keep gaining momentum with other competitors (like DoorDash) on the market.

Layout refreshed 7 October 2026. The article text below is unchanged.

Why it mattersFrom the article

The main reason why Uber's mobility generates more revenue compared to Uber Eats is the fact that it has a higher take rate.

As you might imagine, during the pandemic, with the delivery business, which had become quite hot, many players started to invest more and more to gain market shares, thus driving the take rate for Uber Eats down.

If we look at gross bookings between Uber and Uber Eats post-pandemic, they are on par.

The main reason why Uber’s mobility generates more revenue compared to Uber Eats is the fact that it has a higher take rate.

The take rate fluctuates over the years, and it depends upon various factors, such as the market structure, the market’s demand and supply, and the state of competition.

As you might imagine, during the pandemic, with the delivery business, which had become quite hot, many players started to invest more and more to gain market shares, thus driving the take rate for Uber Eats down.

One example is how Uber Eats had to keep gaining momentum with other competitors (like DoorDash) on the market.

Uber in charts

Bar chart comparing Uber's Q2 2026 gross bookings and revenue: Mobility $29.0B vs $7.4B (25.4% take rate), Delivery $27.5B vs $5.2B (19.1%).
Uber take rates by segment, Q2 2026 (calculated). Source: Uber Q2 2026 earnings release (SEC). Analysis by The Business Engineer.
Keep exploring

More on Uber Eats Revenue and its peers

GO DEEPERBusiness model intelligence for the AI eraThe Business Engineer, read by 94,000+ operators and executives.Read the analysis

Where Uber Eats revenue comes from

Delivery revenue is the part of each order Uber keeps: fees from restaurants and merchants, delivery and service fees from customers, and a growing advertising business, minus incentives. In Q2 2026 it kept 19.1% of Delivery bookings as revenue.

Delivery is now Uber’s fastest-growing large business. Revenue grew 28% and bookings 26% in Q2 2026, against 1% and 22% for rides, and Delivery bookings ($27.5B) are close to rides ($29.0B). Groceries and retail, not just restaurants, are a growing part of the mix.

It is also profitable: $1,055 million of segment operating income in the quarter, up 38%. See is Uber Eats profitable and Uber Eats gross bookings.

Earlier figures and background

In 2023 Uber Eats generated $12.2 billion in revenue, compared to nearly $11 billion in 2022, $8.3 billion in revenue in 2021, and $3.9 billion in revenue in 2020.

Uber Eats has become a key segment within the Uber business model.

Stacked bar chart of Uber's quarterly revenue by segment (Mobility, Delivery, Freight), Q4 2024 to Q2 2026; Delivery reached $5.2B in Q2 2026, up 28%.
Uber revenue by segment, quarterly, Q4 2024โ€“Q2 2026. Source: Uber earnings releases (SEC). Analysis by The Business Engineer.
Scroll to Top

Discover more from FourWeekMBA

Subscribe now to keep reading and get access to the full archive.

Continue reading

FourWeekMBA