---
title: "Uber: Business Model & Revenue Engine"
description: "Uber revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/uber/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Uber: Business Model & Revenue Engine

## Direct Answer

Uber reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Mobility is the largest, with $29.7 billion of revenue (57% of the total), followed by Delivery at $17.2 billion (33%).

## How Does Uber Make Money?

No single line supplies a majority of revenue: the largest, Mobility, is 57%, which spreads Uber's exposure across several demand drivers. Between fiscal 2024 and 2025, Delivery grew fastest (+25.4%) and Freight slowest (-0.8%), so the revenue mix tilts toward Delivery while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Mobility | $29.7 billion | $25.1 billion | 57.0% | 18.3% |
| Delivery | $17.2 billion | $13.8 billion | 33.2% | 25.4% |
| Freight | $5.1 billion | $5.1 billion | 9.8% | -0.8% |

![Bar chart of Uber revenue by segment for fiscal 2025: Mobility 57.0%, Delivery 33.2%, Freight 9.8%.](https://www.getswoopr.com/images/charts/uber-business-model-segment-mix.webp)
*Uber revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 100% of Uber's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Uber reported in the segment note and revenue disclosures of its Form 10-K filed February 13, 2026 (accession 0001543151-26-000015), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Uber's business segments?

In its fiscal 2025 Form 10-K, Uber reports revenue for Mobility, Delivery and Freight.

### Which part of Uber brings in the most revenue?

Mobility, with $29.7 billion of revenue in fiscal 2025, or 57% of the total.

### Where does Uber report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed February 13, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: Uber Technologies, Inc Form 10-K filed February 13, 2026](https://www.sec.gov/Archives/edgar/data/1543151/000154315126000015/uber-20251231.htm)
- [SEC EDGAR: Uber Technologies, Inc annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1543151&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Uber company dossier](https://www.getswoopr.com/stocks/companies/uber/)
- [Uber financial metrics](https://www.getswoopr.com/stocks/companies/uber/metrics/)
- [Uber financial risk indicators](https://www.getswoopr.com/stocks/companies/uber/risks/)
- [Uber peer comparison](https://www.getswoopr.com/stocks/companies/uber/competitors/)
- [Uber business model and revenue mix](https://www.getswoopr.com/stocks/companies/uber/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).