Uber’s mobility platform generated nearly $20 billion in 2023, followed by the delivery platform (Uber Eats), with $12.2 billion in revenue, and the freight platform, with $5.24 billion in revenue. The mobility platform represents the core business model of Uber, and it has accelerated again after the end of the COVID-19 pandemic. On the other hand, thanks to the company restructuring in the last few years, Uber has built two multi-billion dollar segments from delivery and freight on top of the core platform.
Uber revenue by segment, quarterly, Q4 2024โQ2 2026. Source: Uberearnings releases (SEC). 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.
Uber reports three segments. In 2025, Mobility generated $29.7 billion (57% of revenue), Delivery $17.2 billion (33%) and Freight $5.1 billion (10%), for a total of $52.0 billion.
In Q2 2026, Delivery revenue grew 28% to $5.2 billion and Freight 26% to $1.6 billion. Mobility revenue rose only 1% to $7.4 billion, even though Mobility gross bookings grew 22%, because of business model changes that Uber says reduced reported revenuegrowth.
Quarter
Mobility
Delivery
Freight
Total
2024 Q4
$6.9B
$3.8B
$1.3B
$12.0B
2025 Q1
$6.5B
$3.8B
$1.3B
$11.5B
2025 Q2
$7.3B
$4.1B
$1.3B
$12.7B
2025 Q3
$7.7B
$4.5B
$1.3B
$13.5B
2025 Q4
$8.2B
$4.9B
$1.3B
$14.4B
2026 Q1
$6.8B
$5.1B
$1.3B
$13.2B
2026 Q2
$7.4B
$5.2B
$1.6B
$14.2B
Uber revenue by segment, quarterly. Source: Uber quarterly earnings releases (Form 8-K, SEC EDGAR). Data checked 8 October 2026.
Key numbersAs stated in this article
$20 billionUber's mobility platform generated nearly $20 billion in 2023, followed by the delivery platform ( UberโฆThis article
7.32%Institutional investors comprise Morgan Stanley, with 7.32% ownership, Fidelity, with 6.34%, and TheโฆThis article
$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
In one lineUber's mobility platform generated nearly $20 billion in 2023, followed by the delivery platform ( Uber Eats ), with $12.2 billion in revenue , and the freight platform, with $5.24 billion in revenue.
FourWeekMBABusiness EngineerAt a glance
Uber's mobility platform generated nearly $20 billion in 2023, followed by the delivery platform (Uber Eats), with $12.2 billion in revenue, and the freight platform, with $5.24 billion in revenue.
On the other hand, thanks to the company restructuring in the last few years, Uber has built two multi-billion dollar segments from delivery and freight on top of the core platform.
Layout refreshed 6 October 2026. The article text below is unchanged.
Why it mattersFrom the article
The mobility platform represents the core business model of Uber, and it has accelerated again after the end of the COVID-19 pandemic.
Uber in charts
Uber take rates by segment, Q2 2026 (calculated). Source: Uber Q2 2026 earnings release (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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