Uber Technologies, Inc. stock research
FY2026 Q1
Uber Technologies (UBER) Gross Margin & Quarterly History
Explore Uber Technologies, Inc. (UBER) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue decreased from the prior quarter but increased from the same quarter last year. Gross profit and gross margin improved sequentially and year-over-year, with cost of revenue declining from the prior quarter.
- The gross margin strengthened, driven by a proportionally larger increase in gross profit relative to revenue compared to prior periods.
- Compared to the prior quarter, gross margin improved as revenue decreased less than cost of revenue. Year-over-year, gross margin improved as revenue and gross profit both grew, with cost of revenue growing at a slower pace.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
38.3%
Gross profit
$5.1B
Revenue
$13.2B
Cost of revenue
$8.1B
Quarter-over-quarter change
+4.8 pts
Year-over-year change
+5.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $8.8B | $2.8B | $6.0B | 31.9% |
| Jun 30, 2023 | $9.2B | $2.9B | $6.3B | 31.8% |
| Sep 30, 2023 | $9.3B | $2.9B | $6.4B | 30.9% |
| Dec 31, 2023 | $9.9B | $3.1B | $6.9B | 30.8% |
| Mar 31, 2024 | $10.1B | $3.2B | $7.0B | 31.3% |
| Jun 30, 2024 | $10.7B | $3.4B | $7.3B | 32.0% |
| Sep 30, 2024 | $11.2B | $3.6B | $7.6B | 32.5% |
| Dec 31, 2024 | $12.0B | $3.9B | $8.0B | 33.0% |
| Mar 31, 2025 | $11.5B | $3.8B | $7.7B | 33.1% |
| Jun 30, 2025 | $12.7B | $4.2B | $8.5B | 33.0% |
| Sep 30, 2025 | $13.5B | $4.5B | $9.0B | 33.5% |
| Dec 31, 2025 | $14.4B | $4.8B | $9.6B | 33.5% |
| Mar 31, 2026 | $13.2B | $5.1B | $8.1B | 38.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+4.8 pts
Year-over-year change
Mar 31, 2025
+5.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin strengthened, driven by a proportionally larger increase in gross profit relative to revenue compared to prior periods.
Compared to the prior quarter, gross margin improved as revenue decreased less than cost of revenue. Year-over-year, gross margin improved as revenue and gross profit both grew, with cost of revenue growing at a slower pace.
Monitor the sustainability of the gross margin level in upcoming quarters.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Uber Technologies, Inc. (UBER) | 38.3% |
| DoorDash, Inc. (DASH) | 46.8% |
| Lyft, Inc. (LYFT) | 47.6% |