For the first time in its history, in 2023, Uber became profitable, with nearly $1.9 billion in net profits. Indeed on net revenues of over $37 billion, Uber posted a net profit of $1.88 billion, compared with a net loss of $9.14 billion in 2022. In 2021, Uber posted a lower net loss ($496 million), primarily thanks to the business divestitures of various assets. Throughout its history, on an annual basis, Uber has never made a profit except for 2023, when it finally reached profitability, thanks to a shifted focus toward operational efficiency.
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.
Uber’s largest operating loss came in 2019, at $8.6 billion. Losses narrowed through 2022 and Uber posted its first full-year operating profit in 2023 ($1.1 billion), followed by $2.8 billion in 2024 and $5.6 billion in 2025.
Net income moves more than operating income because it includes gains and losses on revaluing Uber’s equity stakes in other companies, among other non-operating items. Operating income is the cleaner measure of the business itself.
Year
Revenue
Operating income
Net income (incl. non-controlling interests)
2017
$7.9B
โ$4.1B
โ$4.0B
2018
$10.4B
โ$3.0B
$987M
2019
$13.0B
โ$8.6B
โ$8.5B
2020
$11.1B
โ$4.9B
โ$6.8B
2021
$17.5B
โ$3.8B
โ$570M
2022
$31.9B
โ$1.8B
โ$9.1B
2023
$37.3B
$1.1B
$2.2B
2024
$44.0B
$2.8B
$9.8B
2025
$52.0B
$5.6B
$10.1B
Source: Uber Form 10-K filings via SEC EDGAR XBRL company facts. Data checked 8 October 2026.
$1.9 billionFor the first time in its history, in 2023, Uber became profitable, with nearly $1.9 billion in net profits.This article
$37 billionIndeed on net revenues of over $37 billion, Uber posted a net profit of $1.88 billion, compared with a netโฆThis article
$496 millionIn 2021, Uber posted a lower net loss ($496 million), primarily thanks to the business divestitures ofโฆThis article
7.32%Institutional investors comprise Morgan Stanley, with 7.32% ownership, Fidelity, with 6.34%, and TheโฆThis article
In one lineFor the first time in its history, in 2023, Uber became profitable, with nearly $1.9 billion in net profits.
FourWeekMBABusiness EngineerAt a glance
Indeed on net revenues of over $37 billion, Uber posted a net profit of $1.88 billion, compared with a net loss of $9.14 billion in 2022.
In 2021, Uber posted a lower net loss ($496 million), primarily thanks to the business divestitures of various assets.
Layout refreshed 6 October 2026. The article text below is unchanged.
Why it mattersFrom the article
Throughout its history, on an annual basis, Uber has never made a profit except for 2023, when it finally reached profitability, thanks to a shifted focus toward operational efficiency.
Uber in charts
Uber adjusted EBITDA and free cash flow, quarterly. Source: Uberearnings releases (SEC). Analysis by The Business Engineer.
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.
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