Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Uber Technologies Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
The profitability profile reflects a systemic transition from significant operational losses to a state of sustained positive returns. A critical inflection point is observed in the third quarter of 2023, marking the transition of operating and net margins from negative to positive territory, signaling a fundamental shift in the underlying financial performance.
- Gross Profit Margin
- An initial downward trend is noted from March 2022 (45.50%) through March 2023 (38.27%). This was followed by a prolonged period of stabilization around the 39% mark between June 2023 and December 2024. A subsequent recovery phase is evident in 2025 and 2026, with the margin ascending to 42.31% by June 2026.
- Operating Profit Margin
- A consistent and linear improvement in operational efficiency is observed. The margin recovered from a low of -13.04% in March 2022, crossing into positive territory in September 2023 (0.88%). This growth trajectory continued steadily, reaching 12.13% by June 2026, indicating a successful reduction in operating expenses relative to revenue growth.
- Net Profit Margin
- Net profitability exhibits higher volatility compared to operating margins. After deep negatives in 2022, the margin turned positive in September 2023 (2.93%). A significant spike occurred between December 2023 and September 2025, peaking at 33.54% before correcting to a more stabilized range of approximately 15.91% to 17.34% in early 2026.
- Return on Equity (ROE)
- ROE experienced extreme volatility during the deficit phase, reaching a trough of -151.07% in June 2022. Following the pivot to profitability in late 2023, ROE climbed sharply, peaking at 59.15% in September 2025. The metric subsequently normalized to approximately 35% by June 2026, suggesting a transition toward a stable capital return profile.
- Return on Assets (ROA)
- The ROA trend closely mirrors that of the ROE, moving from significant negatives in 2022 to a positive return of 2.93% in September 2023. ROA reached its peak in September 2025 at 26.27% before settling into a range between 14.26% and 14.56% by mid-2026, indicating improved asset utilization and earnings generation.
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Return on Sales
Return on Investment
Gross Profit Margin
Uber Technologies Inc., gross profit margin calculation (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Gross profit margin = 100
× (Gross profitQ2 2026
+ Gross profitQ1 2026
+ Gross profitQ4 2025
+ Gross profitQ3 2025)
÷ (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
= 100 × (6,376 + 5,945 + 5,685 + 5,358)
÷ (14,191 + 13,203 + 14,366 + 13,467)
= 42.31%
Analysis of the gross profitability metrics reveals a sustained increase in both absolute gross profit and total revenue over the period from March 2022 to June 2026.
- Revenue and Gross Profit Trajectory
- A consistent upward trend is observed in absolute financial values. Revenue increased from 6,854 million USD in March 2022 to 14,191 million USD by June 2026. During this same interval, gross profit rose from 2,828 million USD to 6,376 million USD, demonstrating a significant expansion in the scale of earnings.
- Gross Profit Margin Evolution
- The gross profit margin exhibited three distinct operational phases. First, a period of margin compression occurred between March 2022 and March 2023, where the ratio declined from 45.50% to 38.27%. Second, a phase of stabilization followed from March 2023 through December 2025, during which the margin remained largely range-bound, fluctuating minimally between 39.24% and 39.76%.
- Recent Margin Recovery
- An upward inflection in profitability is evident in the first half of 2026. The gross profit margin climbed from 39.75% in December 2025 to 42.31% by June 2026. This shift suggests an improvement in the efficiency of direct cost management relative to revenue growth in the most recent periods.
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Operating Profit Margin
Uber Technologies Inc., operating profit margin calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Income (loss) from operations | 1,890) | 1,923) | 1,774) | 1,113) | 1,450) | 1,228) | 770) | 1,061) | 796) | 172) | 652) | 394) | 326) | (262) | (142) | (495) | (713) | (482) | ||||||
| Revenue | 14,191) | 13,203) | 14,366) | 13,467) | 12,651) | 11,533) | 11,959) | 11,188) | 10,700) | 10,131) | 9,936) | 9,292) | 9,230) | 8,823) | 8,607) | 8,343) | 8,073) | 6,854) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| Operating profit margin1 | 12.13% | 11.66% | 10.70% | 9.19% | 9.53% | 8.49% | 6.36% | 6.39% | 5.03% | 4.00% | 2.98% | 0.88% | -1.64% | -4.76% | -5.75% | -7.71% | -9.07% | -13.04% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||
| FedEx Corp. | 6.27% | 6.01% | 5.93% | 5.67% | 5.64% | 5.88% | 6.34% | 6.29% | 6.03% | 5.88% | 5.45% | 5.76% | 5.97% | 6.37% | 6.68% | 6.67% | 6.47% | 6.54% | ||||||
| Union Pacific Corp. | 40.03% | 40.21% | 40.17% | 40.62% | 40.33% | 40.06% | 40.05% | 39.51% | 38.76% | 38.02% | 37.65% | 37.64% | 38.53% | 39.22% | 39.87% | 40.71% | 41.59% | 42.90% | ||||||
| United Airlines Holdings Inc. | 7.75% | 8.44% | 7.98% | 8.27% | 8.62% | 9.71% | 8.93% | 8.20% | 8.56% | 7.94% | 7.84% | 8.74% | 8.47% | 7.52% | 5.20% | 1.35% | 0.37% | -3.51% | ||||||
| United Parcel Service Inc. | 7.31% | 8.46% | 8.87% | 9.18% | 9.30% | 9.37% | 9.30% | 8.84% | 8.24% | 9.15% | 10.05% | 10.59% | 12.09% | 12.52% | 13.05% | 13.64% | 13.56% | 13.46% | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Operating profit margin = 100
× (Income (loss) from operationsQ2 2026
+ Income (loss) from operationsQ1 2026
+ Income (loss) from operationsQ4 2025
+ Income (loss) from operationsQ3 2025)
÷ (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
= 100 × (1,890 + 1,923 + 1,774 + 1,113)
÷ (14,191 + 13,203 + 14,366 + 13,467)
= 12.13%
2 Click competitor name to see calculations.
The financial performance between March 2022 and June 2026 is characterized by a strategic transition from operational losses to sustained profitability, driven by consistent revenue growth and aggressive margin expansion.
- Revenue Growth Trajectory
- Revenue exhibited a strong upward trend, increasing from 6,854 million US dollars in March 2022 to 14,191 million US dollars by June 2026. Despite a marginal contraction in March 2026, the overall trajectory indicates a substantial expansion of the top line over the analyzed period.
- Operating Income Pivot
- A fundamental shift in operational efficiency occurred between 2022 and 2023. The period began with significant operating losses, peaking at 713 million US dollars in June 2022. A critical inflection point was reached in June 2023, marking the first instance of positive operating income at 326 million US dollars. This trend accelerated through 2024 and 2025, with operating income reaching 1,890 million US dollars by June 2026.
- Operating Profit Margin Evolution
- The operating profit margin reflects a consistent recovery and optimization process. From a low of -13.04% in March 2022, the margin improved steadily, crossing into positive territory in September 2023 at 0.88%. Following this transition, the margin experienced a phase of rapid growth, exceeding 10% in December 2025 and ultimately reaching 12.13% by June 2026, signifying a transformation in the company's cost structure and operational leverage.
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Net Profit Margin
Uber Technologies Inc., net profit margin calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Net income (loss) attributable to Uber Technologies, Inc. | 2,394) | 263) | 296) | 6,626) | 1,355) | 1,776) | 6,883) | 2,612) | 1,015) | (654) | 1,429) | 221) | 394) | (157) | 596) | (1,206) | (2,601) | (5,930) | ||||||
| Revenue | 14,191) | 13,203) | 14,366) | 13,467) | 12,651) | 11,533) | 11,959) | 11,188) | 10,700) | 10,131) | 9,936) | 9,292) | 9,230) | 8,823) | 8,607) | 8,343) | 8,073) | 6,854) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| Net profit margin1 | 17.34% | 15.91% | 19.33% | 33.54% | 26.68% | 27.07% | 22.41% | 10.49% | 5.02% | 3.60% | 5.06% | 2.93% | -1.07% | -9.95% | -28.68% | -30.45% | -39.39% | -29.52% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||
| FedEx Corp. | 4.81% | 4.65% | 4.65% | 4.46% | 4.45% | 4.62% | 4.94% | 5.02% | 4.87% | 4.71% | 4.41% | 3.23% | 3.54% | 3.79% | 4.09% | 5.60% | 5.49% | 5.88% | ||||||
| Union Pacific Corp. | 28.85% | 29.20% | 29.12% | 28.73% | 28.43% | 27.77% | 27.82% | 27.33% | 26.90% | 26.52% | 26.45% | 26.37% | 27.18% | 27.91% | 28.13% | 28.95% | 29.23% | 30.06% | ||||||
| United Airlines Holdings Inc. | 5.56% | 6.06% | 5.68% | 5.64% | 5.71% | 6.34% | 5.52% | 4.94% | 5.28% | 4.90% | 4.87% | 5.45% | 5.24% | 3.93% | 1.64% | -1.85% | -3.43% | -6.85% | ||||||
| United Parcel Service Inc. | 5.08% | 5.94% | 6.28% | 6.15% | 6.34% | 6.44% | 6.35% | 6.25% | 5.87% | 6.60% | 7.37% | 9.19% | 10.41% | 10.90% | 11.51% | 11.07% | 10.92% | 10.90% | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Net profit margin = 100
× (Net income (loss) attributable to Uber Technologies, Inc.Q2 2026
+ Net income (loss) attributable to Uber Technologies, Inc.Q1 2026
+ Net income (loss) attributable to Uber Technologies, Inc.Q4 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q3 2025)
÷ (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
= 100 × (2,394 + 263 + 296 + 6,626)
÷ (14,191 + 13,203 + 14,366 + 13,467)
= 17.34%
2 Click competitor name to see calculations.
An analysis of the net profit margin reveals a significant structural transformation in financial performance, moving from deep operational losses to a period of sustained profitability. The transition is characterized by an initial recovery phase, a period of rapid margin expansion, and a subsequent phase of stabilization with moderate volatility.
- Transition to Profitability
- During the first year of the observed period, the company operated with substantial negative margins, reaching a low of -39.39% in June 2022. A consistent upward trajectory was established thereafter, leading to the first positive net profit margin of 2.93% recorded in September 2023, marking a pivotal shift in the company's earning capacity.
- Accelerated Margin Expansion
- A period of aggressive margin growth occurred between June 2024 and September 2025. During this interval, the net profit margin climbed from 5.02% to a peak of 33.54%. This expansion indicates that net income growth significantly outpaced revenue growth, suggesting improved operational efficiency and scalable cost structures.
- Revenue and Income Correlation
- Revenue demonstrated steady growth, increasing from $6,854 million in March 2022 to $14,191 million by June 2026. The ability to maintain positive margins while scaling revenue highlights a successful transition from a growth-at-all-costs model to a profitable operational model.
- Recent Performance and Stabilization
- Following the peak in September 2025, a downward correction is observed, with the net profit margin declining to 19.33% in December 2025 and 15.91% in March 2026. However, a modest recovery to 17.34% by June 2026 suggests the establishment of a new, higher profitability baseline compared to the early periods of the analysis.
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Return on Equity (ROE)
Uber Technologies Inc., ROE calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Net income (loss) attributable to Uber Technologies, Inc. | 2,394) | 263) | 296) | 6,626) | 1,355) | 1,776) | 6,883) | 2,612) | 1,015) | (654) | 1,429) | 221) | 394) | (157) | 596) | (1,206) | (2,601) | (5,930) | ||||||
| Total Uber Technologies, Inc. stockholders’ equity | 27,316) | 24,751) | 27,041) | 28,134) | 22,598) | 21,975) | 21,558) | 14,780) | 12,350) | 11,058) | 11,249) | 9,358) | 8,664) | 7,508) | 7,340) | 6,247) | 6,661) | 8,916) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| ROE1 | 35.07% | 34.50% | 37.18% | 59.15% | 55.87% | 55.91% | 45.72% | 29.78% | 16.28% | 12.57% | 16.77% | 11.26% | -4.31% | -44.86% | -124.54% | -141.59% | -151.07% | -70.86% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||
| FedEx Corp. | 15.41% | 14.84% | 14.58% | 14.67% | 14.69% | 14.89% | 15.70% | 16.66% | 16.02% | 15.73% | 15.23% | 12.10% | 13.82% | 14.28% | 15.34% | 20.94% | 19.71% | 20.96% | ||||||
| Union Pacific Corp. | 35.46% | 37.15% | 38.65% | 40.75% | 42.66% | 41.97% | 39.95% | 40.02% | 39.38% | 40.79% | 43.14% | 45.45% | 51.02% | 56.19% | 57.54% | 60.21% | 53.89% | 57.26% | ||||||
| United Airlines Holdings Inc. | 20.94% | 23.09% | 21.94% | 23.02% | 24.75% | 29.01% | 24.84% | 24.17% | 27.89% | 29.26% | 28.08% | 32.32% | 34.60% | 28.79% | 10.69% | -15.35% | -30.80% | -54.75% | ||||||
| United Parcel Service Inc. | 30.33% | 33.30% | 34.34% | 34.77% | 36.38% | 37.39% | 34.59% | 33.61% | 30.85% | 35.05% | 38.76% | 44.64% | 50.02% | 53.80% | 58.36% | 65.94% | 67.12% | 69.80% | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
ROE = 100
× (Net income (loss) attributable to Uber Technologies, Inc.Q2 2026
+ Net income (loss) attributable to Uber Technologies, Inc.Q1 2026
+ Net income (loss) attributable to Uber Technologies, Inc.Q4 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q3 2025)
÷ Total Uber Technologies, Inc. stockholders’ equity
= 100 × (2,394 + 263 + 296 + 6,626)
÷ 27,316 = 35.07%
2 Click competitor name to see calculations.
The financial performance exhibits a profound transition from substantial operational losses to sustained profitability, characterized by a sharp recovery in return on equity (ROE) over the analyzed period.
- Net Income Trajectory
- A volatility-marked recovery is observed, starting with deep losses in early 2022, reaching a low of -5,930 million US$ in March 2022. A pivotal shift occurred in December 2022, marking the onset of intermittent profitability. Growth accelerated significantly through 2024, with a peak net income of 6,883 million US$ in December 2024, before maintaining positive quarterly returns through mid-2026.
- Equity Accumulation
- Total stockholders' equity experienced an initial decline in 2022, bottoming at 6,247 million US$ in September 2022. Subsequently, a consistent upward trend is evident, with equity expanding to 21,558 million US$ by December 2024 and continuing to rise to 27,316 million US$ by June 2026. This growth indicates strong capital retention and a strengthening balance sheet.
- Return on Equity (ROE) Dynamics
- The ROE reflects a dramatic reversal from extreme negative values, which peaked at -151.07% in June 2022, to high positive returns. The ratio crossed into positive territory in September 2023 at 11.26% and experienced rapid expansion throughout 2024 and 2025, reaching a maximum of 59.15% in September 2025. By the first half of 2026, the ROE stabilized between 34.50% and 35.07%, suggesting a transition from a high-growth recovery phase to a more normalized profitability plateau.
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Return on Assets (ROA)
Uber Technologies Inc., ROA calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Net income (loss) attributable to Uber Technologies, Inc. | 2,394) | 263) | 296) | 6,626) | 1,355) | 1,776) | 6,883) | 2,612) | 1,015) | (654) | 1,429) | 221) | 394) | (157) | 596) | (1,206) | (2,601) | (5,930) | ||||||
| Total assets | 65,801) | 59,885) | 61,802) | 63,344) | 55,982) | 52,822) | 51,244) | 47,117) | 41,514) | 39,599) | 38,699) | 35,949) | 34,068) | 32,451) | 32,109) | 31,112) | 31,014) | 32,812) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| ROA1 | 14.56% | 14.26% | 16.27% | 26.27% | 22.55% | 23.26% | 19.23% | 9.34% | 4.84% | 3.51% | 4.88% | 2.93% | -1.09% | -10.38% | -28.47% | -28.43% | -32.45% | -19.26% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||
| FedEx Corp. | 4.86% | 4.66% | 4.67% | 4.61% | 4.55% | 4.67% | 4.98% | 5.10% | 4.87% | 4.77% | 4.56% | 3.49% | 3.89% | 4.18% | 4.45% | 6.11% | 5.84% | 6.21% | ||||||
| Union Pacific Corp. | 10.29% | 10.36% | 10.24% | 10.27% | 10.11% | 9.83% | 9.96% | 9.82% | 9.58% | 9.50% | 9.50% | 9.57% | 10.19% | 10.61% | 10.69% | 10.82% | 10.63% | 10.64% | ||||||
| United Airlines Holdings Inc. | 4.14% | 4.53% | 4.39% | 4.32% | 4.29% | 4.81% | 4.25% | 3.81% | 4.01% | 3.74% | 3.68% | 3.91% | 3.64% | 2.73% | 1.09% | -1.09% | -1.73% | -2.87% | ||||||
| United Parcel Service Inc. | 6.41% | 7.31% | 7.62% | 7.71% | 8.08% | 8.55% | 8.25% | 8.30% | 7.57% | 8.76% | 9.47% | 12.17% | 14.23% | 14.93% | 16.24% | 16.09% | 15.60% | 15.35% | ||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
ROA = 100
× (Net income (loss) attributable to Uber Technologies, Inc.Q2 2026
+ Net income (loss) attributable to Uber Technologies, Inc.Q1 2026
+ Net income (loss) attributable to Uber Technologies, Inc.Q4 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q3 2025)
÷ Total assets
= 100 × (2,394 + 263 + 296 + 6,626)
÷ 65,801 = 14.56%
2 Click competitor name to see calculations.
The financial trajectory indicates a fundamental transition from substantial operational losses to a state of consistent profitability, characterized by a significant improvement in asset utilization efficiency over the analyzed period.
- Net Income Evolution
- A period of severe volatility is observed in the initial quarters, with net losses peaking at 5.93 billion US dollars in March 2022. A recovery trend commenced in late 2022, leading to a shift toward sustained profitability by the second half of 2023. Net income reached a significant peak of 6.88 billion US dollars in December 2024, followed by continued positive returns through June 2026, despite intermittent fluctuations.
- Asset Base Growth
- Total assets demonstrated a consistent and steady upward trend, expanding from 32.81 billion US dollars in March 2022 to 65.80 billion US dollars by June 2026. This represents a near doubling of the asset base, suggesting aggressive scaling or strategic investment in the company's infrastructure.
- Return on Assets (ROA) Trends
- The ROA reflected the initial instability of the net income, reaching a low of negative 32.45% in June 2022. A pivotal turnaround occurred in September 2023, when the ROA first turned positive at 2.93%. This was followed by an acceleration in efficiency, with the ratio climbing to a peak of 26.27% in September 2025. In the final quarters of the analysis, the ROA experienced a correction but remained robust, stabilizing in the 14% to 16% range by mid-2026.
- Profitability Correlation
- The data reveals a strong positive correlation between the growth of the asset base and the improvement in ROA after 2023. Unlike the early period where asset growth occurred alongside losses, the subsequent phase demonstrates an ability to generate increasing returns from a larger asset pool, indicating enhanced operational leverage and scalable profitability.
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