Uber Q3 Gross Bookings Rise 20% to $59.8 Billion; President Jill Hazelbaker to Step Down

Published November 4, 2026 at 9:22 AM EST

Uber posted its fifth straight quarter of gross bookings growth above 20% and guided to as much as 39% adjusted EPS growth in the fourth quarter, according to its 8-K released Wednesday. The filing also disclosed that President and Chief Corporate Affairs Officer Jill Hazelbaker will step down on Nov. 30.

Gross bookings rose 20% to $59.8 billion in the third quarter, and revenue grew 10% to $14.8 billion. Uber said business model changes reduced revenue growth by 8 percentage points.

Profit margins hit a record

Non-GAAP operating income climbed 38% to $2.3 billion, reaching a record 3.9% of gross bookings, up from 3.4%. Adjusted EBITDA rose 31% to $3.0 billion, and non-GAAP EPS increased 35% to $0.88.

GAAP net income fell 92% to $512 million, or $0.25 per share, because the year-earlier quarter included a $4.9 billion tax valuation benefit. This quarter's result included a $476 million pre-tax loss from revaluing equity investments.

Trips grew 16% to 4.1 billion, and monthly active platform consumers rose 14% to 215 million. Free cash flow reached $2.5 billion.

Autonomous push and outlook

CEO Dara Khosrowshahi said Uber's autonomous focus "is now on commercial execution," with an estimated 700 fully driverless vehicles expected on the platform by year-end and more than 2,000 in 2027, the company said.

For the fourth quarter, Uber expects gross bookings of $63.25 billion to $65.25 billion, or 18% to 22% constant-currency growth, and non-GAAP EPS of $0.95 to $0.99.

Executive departure

Hazelbaker is leaving for an external opportunity, according to the filing. Khosrowshahi called her "the driving force behind many of our most important strategic moments."

By the numbers

Q3 gross bookings: $59.8 billion, up 20%
Revenue: $14.8 billion, up 10%
Non-GAAP EPS: $0.88, up 35%
Free cash flow: $2.5 billion
Q4 non-GAAP EPS guidance: $0.95 to $0.99

Sources

Uber Technologies Form 8-K with third-quarter 2026 earnings release, filed Nov. 4, 2026 (accession 0001543151-26-000039)

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