Uber Technologies, Inc
NYSE: UBER·San Francisco, California·CIK 0001543151
- Price
- $68.51
- Base IV
- $46.77
- Your value
- $46.77
- -31.7%
Valuation snapshot
Price is between the base and bull cases. Price as of Oct 1, 2026 · Valuation Aug 24, 2026.
Track record
Reported financials are not available yet.
Why the gap?
At $68.51 the market is pricing Uber Technologies, Inc as if revenue grows 20.3% a year. This valuation assumes it grows 11.0% a year. That single disagreement accounts for most of the distance between the two numbers — which makes it the first thing worth auditing.
Implied by price
+20.3%
revenue growth a year, holding everything else researched
Assumed here
+11.0%
researched base case, grounded in filings and guidance
Or, growth held
28.8%
operating margin reproduces the price, vs 20.0% assumed
Many combinations of assumptions reproduce the same price. These are ways to read what the market might expect, not its actual view.
Your valuation
Four judgments stand between the filing and a number. Audit them one at a time and leave with a valuation that is yours.
- 01 Revenue growth13.0%
- 02 Operating margin20.0%
- 03 Risk and beta1.15
- 04 Long-run growth2.5%
About 4 minutes · no account needed
What drives the base case
All three cases →Uber's customer count, trips, bookings, and profits are all rising, even though accounting changes have held back reported sales growth. The base case assumes those demand trends continue while advertising, delivery scale, and shared platform costs improve profit per transaction. Growth fades gradually as the company becomes larger and its markets mature.
What shapes the assumptions
- Second-quarter gross bookings
$58B 2026-08-05T00:00:00.000Z·↑ revenue growth
- Second-quarter GAAP operating margin
13.3% 2026-08-05T00:00:00.000Z·↑ operating margin
- Second-quarter platform trips
3.87 billion trips 2026-08-05T00:00:00.000Z·↑ revenue growth
- Second-quarter monthly active platform consumers
208 million consumers 2026-08-05T00:00:00.000Z·↑ revenue growth
- Second-quarter free cash flow
$2.8B 2026-08-05T00:00:00.000Z·↑ reinvestment
Each driver links a business metric to the forecast assumption it shapes — the basis for this case, not investment advice.
How confident is this estimate?
Quality checksSome of any gap to the price is model uncertainty rather than real disagreement. Start with the weakest components.
- Scenario dispersion4.1
- Terminal-value dependency2.0
- Historical stability4.2
- Margin predictability8.7
Why the number moved
Sequential bridgeThe base case moved from $54.98 to $46.77 as filings, assumptions, and market inputs changed.
- Revenue forecast—
- Operating-margin assumption—
- Tax-rate assumption—
- Reinvestment assumption—
- Discount rate—
Base estimate
$46.77 -31.7%

