Uber Technologies Total Operating Expenses decreased by 10.4% to $11.28B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.5%, from $10.31B to $11.28B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 21.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.12B | $5.42B | $6.33B | $7.34B | $8.79B | $8.84B | $8.75B | $9.09B | $8.90B | $8.90B | $9.28B | $9.96B | $9.90B | $10.13B | $11.19B | $10.31B | $11.20B | $12.35B | $12.59B | $11.28B |
| QoQ Change | — | +5.9% | +16.8% | +15.9% | +19.8% | +0.6% | -1.0% | +3.8% | -2.0% | -0.1% | +4.3% | +7.3% | -0.6% | +2.3% | +10.5% | -7.9% | +8.7% | +10.3% | +1.9% | -10.4% |
| YoY Change | — | — | — | — | +71.7% | +63.2% | +38.3% | +23.8% | +1.3% | +0.7% | +6.1% | +9.6% | +11.2% | +13.8% | +20.5% | +3.5% | +13.1% | +22.0% | +12.5% | +9.5% |