UAE,Dubai: Dubai Taxi Company (DTC) delivered resilient operational and financial performance in Q1 2026, following the strong momentum carried into the year from FY 2025.
Performance in January and February remained robust, supported by continued fleet expansion and sustained demand for the Company’s smart, sustainable mobility solutions. In March, however, heightened regional uncertainty weighed on performance, particularly across taxi and limousine activity, resulting in lower trip volumes during the month. As a result, revenue in Q1 2026 declined 6% year-on-year to AED 551.1 million. For January and February 2026, revenue increased 10% year-on-year, reflecting sustained momentum and continued structural demand for mobility services.
DTC’s taxi segment recorded revenue of AED 455.3 million in Q1 2026, down 12% year-on-year, primarily due to lower trip volumes in March. For January and February 2026, taxi revenue increased 5% year-on-year, supported by continued fleet expansion while maintaining strong utilization levels. As of March 2026, DTC’s operational taxi fleet stood at 6,217 vehicles, including 594 fully electric vehicles, reflecting continued progress in the transition towards a more sustainable fleet, supported by the EV charging agreement signed with DEWA in 2025.
The limousine segment recorded revenue of AED 29.2 million in Q1 2026, down 15% year-on-year, largely due to reduced airport operations, while the bus segment increased 7% year-on-year to AED 33.7 million. For January and February 2026, limousine revenue declined by 9% year-on-year, primarily driven by usual seasonality effects, while the bus segment grew by 1% year-on-year.
The delivery bike segment sustained its strong momentum, delivering revenue growth of 61% year-on-year to AED 26.6 million in Q1 2026, supported by continued expansion in the resilient and fast-growing on-demand delivery market. For January and February 2026, delivery bike revenue increased by 74% year-on-year.
Across the taxi and limousine segments, DTC completed 11 million trips in Q1 2026, down 14% year-on-year. For January and February 2026, taxi and limousine trips were broadly flat year-on-year at 8.5 million, supported by sustained demand across the fleet. As of March 2026, DTC’s total operational fleet across all segments increased by 16% year-on-year to 11,417 vehicles, reflecting continued investment in the Company’s disciplined capacity scaling strategy.
DTC continues to monitor the regional environment closely but remains well positioned to deliver continued growth supported by Dubai’s resilient, structural macroeconomic fundamentals, historically strong population and tourism expansion, and record investments in transport infrastructure. The Company remains focused on driving efficiencies, expanding digital enablement and fleet optimization to strengthen long-term profitability and deliver attractive, sustainable shareholder returns.
