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From: Julius Wong	7/8/2025 7:53:08 AM
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Uber is expected to see a modest tailwind from the No Tax on Tips provision Jul. 08, 2025 6:48 AM ET By: Clark Schultz, SA News Editor Uber Technologies (NYSE: UBER) is seen benefiting from the No Tax on Tips provision of the Big Beautiful Bill passed by Congress last week. Bank of America noted that the tax benefit could provide a modest tailwind to driver supply, which would indirectly support take rates for Uber (NYSE: UBER). Analyst Justin Post crunched the numbers: "We expect US Uber drivers to earn ~$42bn this year. If we assume 7% avg. tip on US GBs of $88bn for 2025E, we get to $5.7bn in US Tips this year (14% of driver earnings). This translates to ~$1.0bn in tax savings for drivers, assuming an 18% avg. tax rate, for a 2.5% pay bump." Post and his team also pointed to recent data showing Uber (NYSE: UBER) booking acceleration. The takeaway is that overall positive growth data, with stable mobility pricing, is a positive for Uber's ( UBER) margins. Bank of America boosted its price target on Buy-rated Uber ( UBER) to $115 and kept it slotted as a top pick. The broad view is that Uber ( UBER) should benefit from secular shifts to the sharing economy (mobility), time-saving services (delivery), and a move to more efficient marketplaces (freight). Shares of Uber ( UBER) edged 0.3% higher in premarket trading. The mobility stock is up more than 60% on a year-to-date basis.

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