Lyft (LYFT) Gross Margin (2018 - 2026)
Lyft (LYFT) recorded quarterly Gross Margin of 83.46% in Q1 2026, down 61.4% quarter-over-quarter from 216.2% in Q4 2025, and down 399.0% on a YoY basis from 27.91% in Q1 2025.
Lyft (LYFT) Gross Margin (2018 - 2026) Analysis & Trends
Lyft's Gross Margin history runs 9 years deep, the most recent figure standing at 83.46% for Q1 2026.
- In Q1 2026, Gross Margin fell 399.0% year-over-year to 83.46%; the TTM figure through Mar 2026 stood at 95.62% (up 6304.0% YoY), while the FY2025 annual figure was 86.15%, up 4383.0% from the prior year.
- Gross Margin was 83.46% for Q1 2026 at Lyft, down from 216.2% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 216.2% in Q4 2025 to a low of 80.62% in Q4 2024.
- Historically, Gross Margin has averaged 79.53% across 5 years, with a median of 83.46% in 2026.
- The sharpest annual moves came in 2024 and 2025: Gross Margin plunged 28834 bps in 2024, then jumped 29682 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 196.16% in 2022, then gained by 6 bps to 207.72% in 2023, then slumped by 139 bps to 80.62% in 2024, then surged by 368 bps to 216.2% in 2025, then slumped by 61 bps to 83.46% in 2026.
- The last three Gross Margin figures came in at 83.46% (Q1 2026), 216.2% (Q4 2025), and 44.98% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Lyft | 5.64 Bn | 3.91 Bn | 1.38 Bn | 83.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 83.46% |
| Dec 31, 2025 | 216.20% |
| Sep 30, 2025 | 44.98% |
| Jun 30, 2025 | 41.08% |
| Mar 31, 2025 | 87.45% |
| Dec 31, 2024 | -80.62% |
| Sep 30, 2024 | 85.83% |
| Jun 30, 2024 | 42.92% |
| Mar 31, 2024 | 40.86% |
| Dec 31, 2023 | 207.72% |
| Sep 30, 2023 | 44.32% |
| Jun 30, 2023 | 89.31% |
| Mar 31, 2023 | 45.13% |
| Dec 31, 2022 | 196.16% |
| Sep 30, 2022 | 87.31% |
| Jun 30, 2022 | 34.36% |
| Mar 31, 2022 | 85.57% |
| Dec 31, 2021 | 87.23% |
| Sep 30, 2021 | 87.40% |
| Jun 30, 2021 | 54.66% |