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Costco warehouse exterior as the retailer expands grocery delivery via Uber Eats to 47 US states
Photo: MoneyCheck

Uber Expands Costco Delivery to 47 States on Uber Eats

Uber Investor Relations2 min read6 sources

Why is Uber stock up today?

Uber (UBER) stock rose 0.5% to about $72 on Wednesday after Uber and Costco (COST) announced a national Uber Eats expansion to 47 states and nearly 600 warehouses.

Key numbers

State Coverage47 US states+177% from 17 states before
Warehouse Locations~600~3× prior footprint
First-Order Discount30% offfor new Costco members signing up via Uber Eats
Uber One Discount – Year 150% off20% off in subsequent years for eligible Costco members
Costco Membership Base82.9Mgrowth rate slowing, per [3]
COST Q4 FY2026 Consensus Revenue~$94.5B+~10% YoY

What happened

Uber (UBER) stock rose 0.5% to about $72 on Wednesday after Uber and Costco (COST) announced a national Uber Eats expansion to 47 states and nearly 600 warehouse locations. The companies tripled their Uber Eats delivery footprint from just 17 states, where the partnership first launched in 2024. New customers who join Costco through the Uber Eats app get 30% off their first order; eligible existing members can get 50% off an annual Uber One subscription for the first year, with no delivery fees on orders above $60. As a separate perk, Uber and Uber Eats gift cards loaded with $100 of value are now available at participating Costco locations and on Costco.com for $79.99.

Why it matters

Uber Eats' jump from 17 to 47 states makes the platform a realistic option for tens of millions more Americans to get Costco groceries delivered without a warehouse trip. For Costco, the app-based signup path with a 30%-off first-order incentive is a low-cost way to recruit new members at a moment when membership growth has been slowing — the retailer had 82.9 million members as of June 2026. The Q4 FY2026 earnings report on September 24 will be the first chance investors have to see whether the digital channel is moving the needle.

Who this affects

Marketbullish
Low impact
UBER edges up 0.5%; COST holds near $903 on expansion news.
Companybullish
Medium impact
Costco gains a digital new-member funnel ahead of Q4 earnings.
Competitorsbearish
Medium impact
DoorDash and Instacart face stronger Uber grocery competition.
Industrybullish
Medium impact
App-based grocery delivery adds its largest warehouse-club anchor.

Uber vs DoorDash, Instacart

UberUBER:NYSE$148B+0.5%15.7x23%
DoorDashDASH:NASDAQ$88B——56%
InstacartCART:NASDAQ$12B———

As of 2026-09-16

How we got here

  1. Costco-Uber Eats US delivery partnership first launched, covering 17 states

  2. National expansion announced: 47 states, nearly 600 warehouse locations

  3. Costco Q4 FY2026 earnings report due after market close

What to watch

  • Costco Q4 digital sales growth and new member additions from Uber Eats channel2026-09-24
  • Uber Q3 2026 earnings for grocery and retail delivery segment revenueQ4 2026
  • DoorDash or Instacart response with rival warehouse-club delivery dealsQ4 2026

Educational content only. Not investment advice.

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