Uber Technologies Inc (UBER)

Gross profit margin

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	7,236,000	6,276,000	5,269,000	4,066,000	3,407,000	2,814,000	2,287,000	1,368,000	227,000	-271,000	-932,000	-1,493,000	-1,211,000	-992,000	-622,000	-1,323,000	-1,152,000
Revenue (ttm)	US$ in thousands	37,281,000	35,952,000	35,003,000	33,846,000	31,877,000	29,048,000	25,550,000	21,406,000	17,455,000	14,842,000	12,810,000	10,794,000	11,139,000	10,896,000	11,896,000	13,149,000	13,000,000
Gross profit margin		19.41%	17.46%	15.05%	12.01%	10.69%	9.69%	8.95%	6.39%	1.30%	-1.83%	-7.28%	-13.83%	-10.87%	-9.10%	-5.23%	-10.06%	-8.86%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,236,000K ÷ $37,281,000K
= 19.41%

The gross profit margin for Uber Technologies Inc has shown variations over the past eight quarters. The gross profit margin ranged from 38.27% in Q1 2023 to 42.38% in Q2 2022. Despite some fluctuations, the gross profit margin has generally remained within the range of 38% to 45% during this period.

The trend indicates that Uber has been able to maintain a relatively stable gross profit margin, with slight fluctuations reflecting changes in the company's revenue and cost structures. It is important for investors and stakeholders to monitor these fluctuations to understand the company's ability to generate profits from its core operations.

Overall, the gross profit margin analysis suggests that Uber has been able to efficiently manage its cost of goods sold relative to its revenue, leading to a consistent level of gross profitability in recent quarters.