Uber Technologies Inc (UBER)
Gross profit margin
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 16,472,000 | 15,626,000 | 14,865,000 | 15,223,000 | 14,824,000 | 14,245,000 | 13,749,000 | 12,954,000 | 12,218,000 | 11,592,000 | 10,829,000 | 9,739,000 | 8,104,000 | 7,154,000 | 6,262,000 | 5,421,000 | 5,985,000 | 6,403,000 | 6,841,000 | 7,278,000 |
| Revenue (ttm) | US$ in thousands | 43,978,000 | 41,955,000 | 40,059,000 | 38,589,000 | 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 | 13,126,000 | 11,438,000 | 12,078,000 | 12,982,000 | 13,666,000 | 14,591,000 |
| Gross profit margin | 37.46% | 37.24% | 37.11% | 39.45% | 39.76% | 39.62% | 39.28% | 38.27% | 38.33% | 39.91% | 42.38% | 45.50% | 46.43% | 48.20% | 47.71% | 47.39% | 49.55% | 49.32% | 50.06% | 49.88% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $16,472,000K ÷ $43,978,000K
= 37.46%
The gross profit margin of Uber Technologies Inc has been fluctuating over the years, showing both ups and downs. From March 31, 2020, where it stood at 49.88%, the margin increased slightly to 50.06% by June 30, 2020. However, for the remainder of 2020 and into 2021, the margin experienced a slight decline before dropping more significantly to 42.38% by June 30, 2022. This downward trend continued, with the margin reaching its lowest point of 37.11% by June 30, 2024.
While the gross profit margin did experience some fluctuations, it is important to note that a declining trend in the gross profit margin may indicate challenges in controlling costs related to generating revenue. This could potentially impact the company's overall profitability and financial health. Therefore, Uber may need to evaluate its cost structure and revenue generation strategies to improve the gross profit margin and ensure sustainable growth in the long term.
Peer comparison
Dec 31, 2024