Uber Technologies (UBER) Operating Expenses (2018 - 2026)

Uber Technologies' (UBER) quarterly Operating Expenses came in at $11.3 billion in Q1 2026, up 9.46% year-on-year from $10.3 billion in Q1 2025, and down 10.42% quarter-over-quarter from $12.6 billion in Q4 2025.

Uber Technologies (UBER) Operating Expenses (2018 - 2026) Analysis & Trends

Uber Technologies has disclosed Operating Expenses across 9 years of filings, most recently posting $11.3 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $11.3 billion, up 9.46% year-over-year; the trailing twelve-month figure through Mar 2026 was $47.4 billion (up 14.21% YoY), and the FY2025 annual result was $46.5 billion, up 12.81% from the prior year.
  • Operating Expenses came in at $11.3 billion for Q1 2026 at Uber Technologies, down from $12.6 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $12.6 billion in Q4 2025 to a low of $7.3 billion in Q1 2022.
  • The 5-year median for Operating Expenses is $9.9 billion (2024), against an average of $9.9 billion.
  • Across the five-year window, Operating Expenses surged 71.7% in 2022 and gained 0.68% in 2023, its largest moves.
  • Uber Technologies' Operating Expenses stood at $8.7 billion in 2022, then gained by 6.11% to $9.3 billion in 2023, then increased by 20.52% to $11.2 billion in 2024, then grew by 12.54% to $12.6 billion in 2025, then dropped by 10.42% to $11.3 billion in 2026.
  • The last three Operating Expenses figures came in at $11.3 billion (Q1 2026), $12.6 billion (Q4 2025), and $12.4 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -269.42 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 11.28 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.16 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.22 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 1.04 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 2.33 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 4.23 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 3.67 Bn
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn 1.25 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.28 Bn
Dec 31, 2025 12.59 Bn
Sep 30, 2025 12.35 Bn
Jun 30, 2025 11.20 Bn
Mar 31, 2025 10.31 Bn
Dec 31, 2024 11.19 Bn
Sep 30, 2024 10.13 Bn
Jun 30, 2024 9.90 Bn
Mar 31, 2024 9.96 Bn
Dec 31, 2023 9.28 Bn
Sep 30, 2023 8.90 Bn
Jun 30, 2023 8.90 Bn
Mar 31, 2023 9.09 Bn
Dec 31, 2022 8.75 Bn
Sep 30, 2022 8.84 Bn
Jun 30, 2022 8.79 Bn
Mar 31, 2022 7.34 Bn
Dec 31, 2021 6.33 Bn
Sep 30, 2021 5.42 Bn
Jun 30, 2021 5.12 Bn