S&P Global Ratings upgraded Uber’s issuer credit rating to BBB+ from BBB with a positive outlook. The agency cited the company’s strong execution and improving financial profile for the upgrade.
Uber’s annual free operating cash flow is currently trending above $8 billion. S&P expects Uber’s market leadership in mobility and delivery to drive business growth through 2027.
Forecasts indicate Uber’s free operating cash flow will exceed $9 billion by 2026. This capital provides flexibility for potential acquisitions, investments, and shareholder returns. Uber also maintains a debt-to-EBITDA ratio well below 1x.