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: 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), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
- Gross Profit Margin
- The gross profit margin demonstrates a general declining trend from early 2021 through the end of 2022, dropping from over 50% to around 38%. From 2023 onward, the margin stabilizes and maintains a range near 39%, showing modest fluctuations but no significant improvement or deterioration.
- Operating Profit Margin
- The operating profit margin reveals substantial improvement over the observed periods. Initially, in early 2021, the margin was deeply negative, exceeding -47%, but it steadily improved throughout the successive quarters. By the last quarters of 2023 and 2024, it transitions into positive territory and continues to increase, reaching above 9.5% by mid-2025, indicating enhanced operational efficiency and cost management over time.
- Net Profit Margin
- The net profit margin shows considerable volatility but follows an improving trajectory in the longer term. Early data points exhibit significant negative values, with a notable low near -39% in mid-2022. However, from late 2022 onwards, there is a marked recovery; the margin turns positive in 2023 and experiences a strong upward trend, surpassing 27% by mid-2025. This suggests a shift toward sustained profitability after several quarters of losses.
- Return on Equity (ROE)
- Return on equity experiences substantial negative returns through 2021 and 2022, with extremes reaching below -150% mid-2022, likely reflecting significant losses or equity impairment. Commencing in late 2022, there is a notable turnaround as ROE gradually improves, becoming positive in early 2023. The upward trend continues sharply, culminating in returns above 55% by mid-2025. This turnaround indicates a strong recovery in shareholder value generation over the period.
- Return on Assets (ROA)
- Return on assets mirrors the trends observed in ROE, with deeply negative returns in 2021 and 2022 reaching near -32%. Following this period, ROA improves steadily, becoming positive from 2023 onwards. The ratio grows substantially, reaching over 23% by mid-2025. This improvement reflects greater asset utilization efficiency and enhanced overall profitability.
Return on Sales
Return on Investment
Gross Profit Margin
Uber Technologies Inc., gross profit margin calculation (quarterly data)
Based on: 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), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q2 2025 Calculation
Gross profit margin = 100
× (Gross profitQ2 2025
+ Gross profitQ1 2025
+ Gross profitQ4 2024
+ Gross profitQ3 2024)
÷ (RevenueQ2 2025
+ RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024)
= 100 × (5,040 + 4,596 + 4,725 + 4,427)
÷ (12,651 + 11,533 + 11,959 + 11,188)
= 39.69%
- Revenue Trend
- The revenue of the company showed a consistent upward trend over the observed periods. Starting from approximately $2.9 billion in the first quarter of 2021, revenue increased steadily each quarter, reaching over $12.6 billion by the second quarter of 2025. This reflects sustained growth in the company's operations and market presence.
- Gross Profit Trend
- Gross profit followed a similar upward trajectory, rising from about $1.2 billion in the first quarter of 2021 to over $5 billion by mid-2025. This increase indicates improved absolute profitability, likely driven by growing revenue despite some changes in margin percentages.
- Gross Profit Margin Analysis
- The gross profit margin displayed a declining trend in the earlier periods, starting at just above 50% in early 2021 and falling to below 40% through 2022. From 2022 onwards, the margin stabilized around 39-40%, showing less volatility and suggesting that the company may have encountered increased costs or pricing pressures initially but managed to maintain relatively steady profitability ratios in subsequent years.
- Observations on Trends and Insights
- While the revenue growth is robust and continuous, the decrease and subsequent stabilization of the gross profit margin suggest margin compression possibly due to competitive dynamics, cost increases, or strategic pricing decisions. Despite this, the company’s ability to increase gross profit in absolute terms points to operational scale gains that offset margin contractions.
- Overall, the data reflects a company experiencing strong revenue expansion with challenges in maintaining high profit margins but succeeding in improving gross profit dollars consistently. The gross profit margin stabilization near 40% from 2022 onward might indicate a new operating norm for profitability going forward.
Operating Profit Margin
Uber Technologies Inc., operating profit margin calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Income (loss) from operations | 1,450) | 1,228) | 770) | 1,061) | 796) | 172) | 652) | 394) | 326) | (262) | (142) | (495) | (713) | (482) | (550) | (572) | (1,188) | (1,524) | ||||||
| Revenue | 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) | 5,778) | 4,845) | 3,929) | 2,903) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| Operating profit margin1 | 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% | -21.97% | -28.04% | -36.73% | -47.47% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||
| FedEx Corp. | 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% | 6.98% | 5.76% | 5.27% | 4.24% | ||||||
| Union Pacific Corp. | 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% | 42.83% | 41.98% | 41.35% | 39.80% | ||||||
| United Airlines Holdings Inc. | 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% | -4.15% | -13.85% | -37.01% | -63.87% | ||||||
| United Parcel Service Inc. | 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% | 13.17% | 11.60% | 11.27% | 10.48% | ||||||
Based on: 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), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q2 2025 Calculation
Operating profit margin = 100
× (Income (loss) from operationsQ2 2025
+ Income (loss) from operationsQ1 2025
+ Income (loss) from operationsQ4 2024
+ Income (loss) from operationsQ3 2024)
÷ (RevenueQ2 2025
+ RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024)
= 100 × (1,450 + 1,228 + 770 + 1,061)
÷ (12,651 + 11,533 + 11,959 + 11,188)
= 9.53%
2 Click competitor name to see calculations.
- Income (loss) from operations
- The income from operations demonstrates a clear progression from significant operating losses to sustained positive operational income. Initially, losses peak at -1,524 million US dollars and then steadily diminish over several quarters, turning positive by the quarter ending June 30, 2023. From this point onward, income grows consistently, reaching 1,450 million US dollars in the latest reported quarter. This trend indicates improved operational efficiency and profitability over time.
- Revenue
- Revenue exhibits a robust upward trajectory throughout the entire period. Starting at 2,903 million US dollars, it increases almost steadily quarter over quarter, reaching a peak of 12,651 million US dollars by the latest quarter. This growth reflects expanding business activities or market demand and provides a strong foundation underpinning the improvements in operating income.
- Operating profit margin
- The operating profit margin follows a similar trend to income from operations, moving from strongly negative percentages to positive territory. Initially, the margin is deeply negative at -47.47%, indicating substantial inefficiencies or high costs relative to revenue. Over subsequent quarters, the margin improves steadily, crossing the zero percent threshold around mid-2023. After this inflection point, the margin continues to improve, reaching 9.53% by the most recent quarter, signaling enhanced cost control and profitability relative to revenue generation.
- Summary
- Overall, the data depict a company undergoing a significant turnaround in financial performance. Revenue growth is strong and consistent, providing a solid base for operational improvements. The shift from large operating losses to substantial operating profits, alongside the steady rise in operating margin, suggests effective management of costs and scaling of profitable operations. The positive trend in all key metrics points to increasing financial health and operational success over the analyzed timeframe.
Net Profit Margin
Uber Technologies Inc., net profit margin calculation (quarterly data)
| 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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Net income (loss) attributable to Uber Technologies, Inc. | 1,355) | 1,776) | 6,883) | 2,612) | 1,015) | (654) | 1,429) | 221) | 394) | (157) | 596) | (1,206) | (2,601) | (5,930) | 892) | (2,424) | 1,144) | (108) | ||||||
| Revenue | 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) | 5,778) | 4,845) | 3,929) | 2,903) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| Net profit margin1 | 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% | -2.84% | -15.87% | -7.97% | -36.50% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||
| FedEx Corp. | 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% | 6.23% | 3.85% | 3.28% | 2.50% | ||||||
| Union Pacific Corp. | 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% | 29.92% | 29.19% | 28.60% | 27.02% | ||||||
| United Airlines Holdings Inc. | 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% | -7.97% | -16.19% | -37.89% | -63.43% | ||||||
| United Parcel Service Inc. | 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% | 13.25% | 6.83% | 6.57% | 5.78% | ||||||
Based on: 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), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q2 2025 Calculation
Net profit margin = 100
× (Net income (loss) attributable to Uber Technologies, Inc.Q2 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q1 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q4 2024
+ Net income (loss) attributable to Uber Technologies, Inc.Q3 2024)
÷ (RevenueQ2 2025
+ RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024)
= 100 × (1,355 + 1,776 + 6,883 + 2,612)
÷ (12,651 + 11,533 + 11,959 + 11,188)
= 26.68%
2 Click competitor name to see calculations.
- Revenue Trend
- The revenue demonstrated a consistent upward trajectory over the observed quarters. Starting from approximately 2,903 million USD in the first quarter of 2021, revenue progressively increased almost every quarter, reaching around 12,651 million USD by the second quarter of 2025. This indicates a solid growth pattern in the company's sales or service income over the analyzed period.
- Net Income (Loss) Fluctuations
- Net income attributable to the company exhibited significant volatility throughout the timeframe. Initial quarters showed a fluctuation between positive and negative results with notable losses especially in early 2022. However, from late 2023 onwards, the net income figures markedly improved, with the values becoming consistently positive and peaking at 6,883 million USD in the fourth quarter of 2024, followed by another gradual increase toward the mid-2025 period. This signals a turnaround from substantial losses to strong profitability in recent periods.
- Net Profit Margin Analysis
- The net profit margin reflected a similar pattern of volatility in the early periods, with predominantly negative margins indicating losses relative to revenue, including deep negative margins such as -39.39% in the second quarter of 2022. From late 2023 onward, the margins transitioned to positive territory, with an upward trend reaching above 26% by mid-2025. This progression suggests improved operational efficiency, cost control, or more favorable pricing dynamics contributing to enhanced profitability.
- Overall Financial Performance Insights
- The company experienced early challenges with negative earnings and poor profitability metrics despite rising revenues. Nonetheless, the sustained growth in revenue laid the foundation for a substantial recovery in profitability. The latest quarters reveal strong earnings with high positive net profit margins, indicating effective financial management and possibly successful strategic initiatives. The positive shift in net income and margin metrics highlights a significant improvement in financial health and operational performance over the analyzed period.
Return on Equity (ROE)
Uber Technologies Inc., ROE calculation (quarterly data)
| 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 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Net income (loss) attributable to Uber Technologies, Inc. | 1,355) | 1,776) | 6,883) | 2,612) | 1,015) | (654) | 1,429) | 221) | 394) | (157) | 596) | (1,206) | (2,601) | (5,930) | 892) | (2,424) | 1,144) | (108) | ||||||
| Total Uber Technologies, Inc. stockholders’ equity | 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) | 14,458) | 13,931) | 14,175) | 13,598) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| ROE1 | 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% | -3.43% | -16.91% | -7.20% | -28.97% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||
| FedEx Corp. | 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% | 21.64% | 13.78% | 11.65% | 9.18% | ||||||
| Union Pacific Corp. | 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% | 46.06% | 44.49% | 41.12% | 32.09% | ||||||
| United Airlines Holdings Inc. | 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% | -39.05% | -59.20% | -112.74% | -129.12% | ||||||
| United Parcel Service Inc. | 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% | 90.44% | 53.57% | 56.25% | 72.34% | ||||||
Based on: 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), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q2 2025 Calculation
ROE = 100
× (Net income (loss) attributable to Uber Technologies, Inc.Q2 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q1 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q4 2024
+ Net income (loss) attributable to Uber Technologies, Inc.Q3 2024)
÷ Total Uber Technologies, Inc. stockholders’ equity
= 100 × (1,355 + 1,776 + 6,883 + 2,612)
÷ 22,598 = 55.87%
2 Click competitor name to see calculations.
The financial data reveals notable fluctuations over the assessed periods regarding net income, equity, and return on equity (ROE), indicating varying operational performance and capital efficiency across the quarters.
- Net Income (Loss) Attributable to the Company
- The net income demonstrates significant volatility throughout the periods. Initial quarters show alternating positive and negative net income figures, including substantial losses in several quarters, notably the fiscal quarters ending March and June 2022, with losses of -$5,930 million and -$2,601 million respectively. However, from the end of 2022 onward, the trend shows gradual improvement with recurrent positive net income values, culminating in a marked increase by the quarter ending December 2024 ($6,883 million). This indicates a recovery phase and stronger profitability in recent quarters.
- Total Stockholders’ Equity
- Stockholders' equity experienced a downward trend from early 2021 through the second quarter of 2022, falling from $13,598 million to a low of $6,247 million. Following this decline, equity exhibited consistent growth, increasing steadily to $22,598 million by the June 2025 quarter. This progression suggests successful capital raising, retained earnings accumulation, or a reduction in losses contributing to stronger equity positions.
- Return on Equity (ROE)
- The ROE figures indicate strong negative returns in early periods, with the most severe negative ROE recorded in mid-2022 (-151.07%), reflecting substantial losses relative to equity. Starting late 2022 and moving into 2023 and beyond, ROE improves notably, shifting to positive territory and continuing on an upward slope. It reaches a high of approximately 56% by mid-2025, implying significantly improved profitability relative to shareholders’ equity. This trajectory corresponds with the recovery in net income and the increase in stockholders' equity.
Overall, the company demonstrated a challenging period marked by large net losses and diminishing equity in the early years, affecting negatively the return on equity. The latter periods illustrate a strong recovery trend with rising profitability and enhanced equity, indicating greater operational efficiency and financial stability. This positive turnaround is crucial for future growth prospects and investor confidence.
Return on Assets (ROA)
Uber Technologies Inc., ROA calculation (quarterly data)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Net income (loss) attributable to Uber Technologies, Inc. | 1,355) | 1,776) | 6,883) | 2,612) | 1,015) | (654) | 1,429) | 221) | 394) | (157) | 596) | (1,206) | (2,601) | (5,930) | 892) | (2,424) | 1,144) | (108) | ||||||
| Total assets | 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) | 38,774) | 36,884) | 36,251) | 34,655) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||
| ROA1 | 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% | -1.28% | -6.39% | -2.82% | -11.37% | ||||||
| Benchmarks | ||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||
| FedEx Corp. | 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% | 6.32% | 3.66% | 3.02% | 2.30% | ||||||
| Union Pacific Corp. | 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% | 10.27% | 9.93% | 9.48% | 8.44% | ||||||
| United Airlines Holdings Inc. | 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% | -2.88% | -4.64% | -7.78% | -10.90% | ||||||
| United Parcel Service Inc. | 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% | 18.57% | 9.81% | 9.37% | 8.17% | ||||||
Based on: 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), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q2 2025 Calculation
ROA = 100
× (Net income (loss) attributable to Uber Technologies, Inc.Q2 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q1 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q4 2024
+ Net income (loss) attributable to Uber Technologies, Inc.Q3 2024)
÷ Total assets
= 100 × (1,355 + 1,776 + 6,883 + 2,612)
÷ 55,982 = 22.55%
2 Click competitor name to see calculations.
The financial data over the reviewed periods reveals several important trends in profitability, asset growth, and return efficiency.
- Net Income (Loss) Attributable
- The net income attributable to the company exhibits substantial volatility throughout the periods. Initial quarters show a mix of losses and gains, with notable losses in early 2022 reaching a low of -$5930 million, followed by improvement and oscillation between losses and gains. From early 2023 onwards, there is a discernible positive trend, culminating in a substantial net income of $6883 million by December 2024, despite some fluctuations in the most recent quarters.
- Total Assets
- Total assets demonstrate a steady upward trajectory across the reviewed quarters. Starting from $34,655 million at the beginning of 2021, the asset base expands consistently, reaching $55,982 million by mid-2025. This suggests ongoing investment or asset accumulation, supporting operational growth or strategic initiatives.
- Return on Assets (ROA)
- ROA reflects a marked improvement over time. Initially, ROA is negative and significantly low, with values such as -19.26% and reaching -32.45% in mid-2022. However, ROA steadily improves thereafter, transitioning into positive territory by late 2022 and continuing to rise. By mid-2025, ROA stabilizes around a robust 22-23%, indicating enhanced efficiency in utilizing assets to generate profits.
Overall, the data suggests a cycle of initial financial instability with heavy losses and low returns, followed by a sustained recovery marked by asset growth, improving profitability, and better utilization of assets. The marked turnaround in net income and ROA from 2023 onwards points to effective management strategies or market conditions favoring financial performance.