Uber Technologies (UBER -0.48%) might be a household name these days, with its global reach supporting strong brand recognition. However, it’s taken shareholders on a volatile journey since its initial public offering more than six years ago. For instance, the stock declined 18% in 2021, followed by a 41% drop in 2022.

But Uber’s stock chart has been moving up and to the right in recent years. If you’d invested $10,000 in the company’s shares five years ago, not long after the onset of the COVID-19 pandemic, here’s how much you’d have today.

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Driving in the fast lane

After the pandemic hit, Uber’s business, at least on the mobility side, was decimated. Its delivery operations picked up the slack. Since then, however, the company has been thriving, and investors have reaped the rewards.

In the past five years, Uber shares have soared 174% (as of Sept. 5). Had you bought $10,000 worth of stock in early September 2020, you’d be staring at a position valued at $27,400 today. This gain comes even though Uber trades 7% below its all-time high from July.

Business is booming

In the latest quarter (Q2 2025 ended June 30), Uber reported gross bookings of $46.8 billion. This figure was up a remarkable 359% compared to exactly five years before. The company’s user base has also expanded significantly. Unsurprisingly, these trends have lifted revenue and operating income to new heights.

Even after such a stellar performance, the shares don’t look expensive, as they trade at a forward price-to-earnings ratio of 23.5. Investors should consider buying the stock, although it’s best to set realistic expectations. Don’t anticipate another 174% gain between now and 2030.