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Uber Technologies (UBER) Q4 FY2021 earnings: revenue $5.8 billion, up 82.6% on the year

Uber Technologies, Inc. (UBER) reported revenue of $5.8 billion for Q4 FY2021, the quarter ended 31 December 2021, up 82.6% on the same quarter a year earlier. Net income was $892 million, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.

Revenue
$5.8 billion
+82.6% on the year · +19.3% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
-9.5%
-27.7% a year earlier
Q1 FY2020Q4 FY2021
Net income
$892 million
Q1 FY2020Q4 FY2021
Diluted EPS
$0.44
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue5,7784,8453,165+19.3%+82.6%
Cost of revenue3,104n/an/a
Gross profit2,674n/an/a
Gross margin46.3%n/an/a
Research and development558n/an/a
Operating income-550-572-877
Operating margin-9.5%-11.8%-27.7%
Interest expense130n/an/a
Pre-tax income791n/an/a
Income tax-97.0n/an/a
Effective tax rate-12.3%n/an/a
Net income892-2,424-968
Net margin15.4%n/an/a
Diluted EPS$0.44-$1.28-$0.52
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow-107n/an/a
Capital expenditure80.0n/an/a
Free cash flow-187n/an/a
Free cash flow margin-3.2%n/an/a
Cash from investing-2,268n/an/a
Cash from financing414n/an/a
Depreciation and amortisation246218180+12.8%+36.7%
Share-based compensation334n/an/a
Diluted shares, weighted2,006m1,899m1,753m+5.6%+14.4%
Shares outstanding at period end1,949m1,919m1,850m+1.6%+5.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity14,45813,93112,266+3.8%+17.9%
Non-controlling interest687n/an/a
Redeemable equity204n/an/a
Debt9,3889,3067,914+0.9%+18.6%
Operating lease liabilities1,644n/an/a
Finance lease liabilities43.0n/an/a
Other liabilities12,350n/an/a
Total liabilities and equity38,774n/an/a
Fixed assets1,853n/an/a
Goodwill8,420n/an/a
Intangible assets2,412n/an/a
Investments0.0n/an/a
Cash and equivalents4,2956,4825,647-33.7%-23.9%
Receivables2,439n/an/a
Other assets19,355n/an/a
Total assets38,774n/an/a

Questions

What was Uber Technologies' revenue in Q4 FY2021?

Uber Technologies (UBER) reported revenue of $5.8 billion for Q4 FY2021, the quarter ended 31 December 2021, up 82.6% on the same quarter a year earlier.

How much did Uber Technologies earn in Q4 FY2021?

Net income for Q4 FY2021 was $892 million, and diluted earnings per share $0.44.

When did Uber Technologies report Q4 FY2021 results?

Uber Technologies filed its 10-K for the year that ended with the quarter on 24 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue5,7786,8548,0738,3438,6078,8239,2309,2929,93610,13110,70011,18811,95911,53312,65113,46714,36613,20314,19114,766
Cost of revenue3,1044,0265,1535,1735,3075,2595,5155,6266,0576,1686,4886,7617,2346,9377,6118,1098,6817,2587,8158,349
Gross profit2,6742,8282,9203,1703,3003,5643,7153,6663,8793,9634,2124,4274,7254,5965,0405,3585,6855,9456,3766,417
Gross margin46%41%36%38%38%40%40%39%39%39%39%40%40%40%40%40%40%45%45%43%
R&D5585877047607477758087977847907607747858158408628859511,0431,273
Operating income-550-482-713-495-142-2623263946521727961,0617701,2281,4501,1131,7741,9231,8901,447
Operating margin-10%-7%-9%-6%-2%-3%4%4%7%2%7%9%6%11%11%8%12%15%13%10%
Interest expense130129139146151168144166155124139143117105108112115108127152
Pre-tax income791-6,168-2,556-1,176474-1384551761,828-6301,0772,7699091,3851,5042,6202914963,277855
Tax rate-12%n/an/an/a-18%n/a14%-23%7%n/a5%6%-660%-29%9%-154%-14%39%26%29%
Net income892-5,930-2,601-1,206596-1573942211,429-6541,0152,6126,8831,7761,3556,6262962632,394512
Net margin15%-87%-32%-14%7%-2%4%2%14%-6%9%23%58%15%11%49%2%2%17%3%
Diluted EPS$0.44-$3.04-$1.33-$0.61$0.29-$0.08$0.18$0.10$0.66-$0.32$0.47$1.20$3.21$0.83$0.63$3.11$0.14$0.13$1.17$0.25
Operating cash flow-10715.0439432-2446061,1909668231,4161,8202,1511,7502,3242,5642,3282,8832,3512,8622,639
Capital expenditure80.062.057.074.059.057.050.061.055.057.099.042.044.074.089.098.075.065.070.0104
Free cash flow-187-47.0382358-3035491,1409057681,3591,7212,1091,7062,2502,4752,2302,8082,2862,7922,535
Buybacksn/an/an/an/an/an/an/a0.0n/a0.03253725551,7851,3631,4631,9123,011518750
Shares outstanding1,949m1,960m1,976m1,990m2,005m2,019m2,039m2,053m2,071m2,086m2,098m2,104m2,108m2,092m2,087m2,080m2,068m2,036m2,040m2,039m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q8-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 24 February 2022: the filing.