Uber’s gross bookings were $58.0 billion in Q2 2026 (quarter to 30 June 2026), up 24% year on year: Mobility $29.0 billion, Delivery $27.5 billion and Freight $1.6 billion. For full-year 2025 they were $193.5 billion, up 19%. Uber defines gross bookings as the total dollar value, including taxes, tolls and fees, of rides, delivery orders and freight revenue, before driver and merchant earnings and excluding tips; revenue is the smaller part Uber records, $14.2 billion in Q2 2026.
Uber's 10-K defines gross bookings as the total value, including taxes, tolls and fees, of Mobility rides, Delivery orders and Freight revenue, without adjusting for driver and merchant earnings. Tips are excluded.
02
Revenue is Uber's share
Revenue was $14.2 billion in Q2 2026 on $58.0 billion of bookings. The gap is mostly what goes to drivers, couriers and restaurants.
Uber says business model changes cut its Q2 2026 revenuegrowth by 8 percentage points. Mobility bookings grew 22% while Mobility revenue grew 1%, which is why bookings are the cleaner growth measure.
04
Volume drives it
Trips grew 18% to 3.9 billion in Q2 2026, and monthly active platform consumers grew 16% to 208 million.
What changed in 2025-26
Delivery catches up with rides
Delivery bookings grew 26% to $27.5 billion in Q2 2026, against 22% growth for Mobility at $29.0 billion. Delivery revenue grew 28% while Mobility revenue was almost flat.
Profit per booking dollar rises
Non-GAAP operating income was 3.7% of gross bookings in Q2 2026, up from 3.3% a year earlier, and trailing twelve-month free cash flow passed $10 billion for the first time, according to Uber.
Autonomous vehicles as supply
Uber’s CEO says it is building the world’s largest platform for autonomous vehicles. Its 2025 10-K names Alphabet (Waymo), Amazon (Zoox) and Tesla among companies that compete or may compete with it in autonomy, so robotaxi rides may be booked on Uber or on rivals’ own apps.
Next quarter
For Q3 2026 Uber guided to gross bookings of $58.25 billion to $60.25 billion, 18% to 22% growth in constant currency.
Uber gross bookings and revenue by segment, Q2 2026 vs Q2 2025
Compare Mobility and Delivery separately: Delivery is now almost as large and growing faster.
Track profit as a share of bookings (3.7% non-GAAP operating income in Q2 2026) to see whether scale is paying off.
Watch where robotaxi rides are booked: on Uber they add bookings, on a partner's own app they compete with them.
The Business Engineer lens
Gross bookings are Uber’s measure of how much demand it aggregates; its value comes from owning that demand while drivers, couriers and cars change underneath. If autonomous fleets arrive, the question becomes whether demand stays on the aggregator or moves to the fleet owners’ apps.
The total value of rides, delivery orders and freight on Uber's platform, including taxes, tolls and fees but not tips: $58.0 billion in Q2 2026 and $193.5 billion in 2025.
What is the difference between gross bookings and revenue?
Bookings are what customers pay in total; revenue is what Uber records after driver, courier and merchant earnings. In Q2 2026, $58.0 billion of bookings produced $14.2 billion of revenue.
Are Uber Eats bookings bigger than rides?
Not yet: Delivery was $27.5 billion against $29.0 billion for Mobility in Q2 2026, but Delivery grew faster, 26% against 22%.
How fast are Uber's gross bookings growing?
24% year on year in Q2 2026 (22% in constant currency), after 19% growth in full-year 2025.
The complete explainer, cleaned up and reformatted for mobile.
In short
Uber processed $58.0 billion of gross bookings in Q2 2026, up 24%: Mobility $29.0B (+22%), Delivery $27.5B (+26%) and Freight $1.6B. In 2025 bookings totalled $193.5 billion.
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 gross bookings: the latest data
Gross bookings are the total value of rides, delivery orders and freight booked on Uber, including amounts paid to drivers, couriers and merchants. Revenue is the part Uber keeps.
In Q2 2026, gross bookings reached $58.0 billion, up 24% year on year (22% in constant currency): Mobility $29.0 billion, Delivery $27.5 billion and Freight $1.6 billion. Delivery bookings grew 26%, faster than Mobility’s 22%.
Quarter
Mobility
Delivery
Freight
Total
2024 Q4
$22.8B
$20.1B
$1.3B
$44.2B
2025 Q1
$21.2B
$20.4B
$1.3B
$42.8B
2025 Q2
$23.8B
$21.7B
$1.3B
$46.8B
2025 Q3
$25.1B
$23.3B
$1.3B
$49.7B
2025 Q4
$27.4B
$25.4B
$1.3B
$54.1B
2026 Q1
$26.4B
$26.0B
$1.3B
$53.7B
2026 Q2
$29.0B
$27.5B
$1.6B
$58.0B
Uber gross bookings by segment, quarterly. Source: Uber quarterly earnings releases (Form 8-K, SEC EDGAR). Data checked 8 October 2026.
Why gross bookings matter more than revenue
Gross bookings are the total value of every ride, order and load on Uber’s platform, including taxes, tolls and fees but excluding tips. They measure the size of the marketplace before Uber takes its cut, so they are the cleanest growth number: they are not affected by how Uber books revenue in each market.
The mix is shifting. Delivery bookings, $27.5 billion in Q2 2026, are now almost as large as Mobility at $29.0 billion, and growing faster. In 2025, Mobility bookings were $97.5 billion and Delivery $90.9 billion.
Gennaro Cuofano is a CRO and tech executive who has worked in AI since late 2015, starting with bringing NLP, natural-language generation, voice and chatbot products to the marketing industry. His background is in law and finance: he holds a Master's degree in Law and an International MBA with an emphasis on corporate finance (LUISS Business School and the University of San Diego, 2012), and worked as a financial analyst at a real-estate investment firm in San Diego and as an assistant controller. His work focuses on business model strategy, business engineering and, more broadly, structural analysis: how companies make money, read from their own filings. He created FourWeekMBA and leads research there and at The Business Engineer, his newsletter on AI and business strategy, with over 95,000 subscribers and more than 1,000 published analyses. His writing has also appeared on Entrepreneur (for example, How to Digitize a Family Business in Europe) and HackerNoon. Find him on LinkedIn and Substack. See how we source.
