Uber Technologies Inc (UBER)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,100,000 | 1,049,000 | -280,000 | -3,263,000 | -9,323,000 | -9,039,000 | -10,416,000 | -7,227,000 | -988,000 | -2,729,000 | -1,270,000 | -3,706,000 | -6,961,000 | -7,086,000 | -7,179,000 | -10,646,000 | -8,461,000 |
| 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 |
| Pretax margin | 5.63% | 2.92% | -0.80% | -9.64% | -29.25% | -31.12% | -40.77% | -33.76% | -5.66% | -18.39% | -9.91% | -34.33% | -62.49% | -65.03% | -60.35% | -80.96% | -65.08% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,100,000K ÷ $37,281,000K
= 5.63%
The pretax margin of Uber Technologies Inc has shown improvement in recent quarters. It increased from negative figures in Q1 2022 and Q2 2022 to positive values in Q3 2022 through Q4 2023, indicating the company's ability to generate earnings before taxes as a percentage of its total revenue has improved over time. The upward trend suggests that Uber has been more effective in controlling its operating expenses and generating higher operating profits in the past quarters. However, it is important to continue monitoring this metric to ensure sustained profitability and operational efficiency.
Peer comparison
Dec 31, 2023