Lyft (LYFT) Gross Margin (2018 - 2026)
Lyft's (LYFT) quarterly Gross Margin came in at 47.64% in Q1 2026, up 714.0% year-on-year from 5.85% in Q1 2025, and up 22.22% quarter-over-quarter from 38.98% in Q4 2025.
Lyft (LYFT) Gross Margin (2018 - 2026) Analysis & Trends
Lyft's Gross Margin history runs 9 years deep, the most recent figure standing at 47.64% for Q1 2026.
- On a quarterly basis, Gross Margin rose 714.0% year-over-year to 47.64% in Q1 2026; TTM through Mar 2026 was 43.24%, a 105.0% increase from a year earlier, with the FY2025 full-year figure at 41.46%, down 86.0% from the prior year.
- Gross Margin improved to 47.64% in Q1 2026 per LYFT's latest filing, from 38.98% in the prior quarter.
- Across five years, Gross Margin topped out at 49.71% in Q1 2022 and bottomed at 34.09% in Q4 2022.
- The 5-year median for Gross Margin is 41.67% (2024), against an average of 42.09%.
- Biggest YoY gain for Gross Margin was 1738 bps in 2022; the steepest drop was 2030 bps in 2022.
- Year by year, Gross Margin stood at 34.09% in 2022, then rose by 15 bps to 39.26% in 2023, then advanced by 11 bps to 43.59% in 2024, then retreated by 11 bps to 38.98% in 2025, then grew by 22 bps to 47.64% in 2026.
- Per Business Quant, the three latest LYFT Gross Margin figures stand at 47.64% (Q1 2026), 38.98% (Q4 2025), and 44.98% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Lyft | 5.54 Bn | 3.82 Bn | 786.35 Mn | 47.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 47.64% |
| Dec 31, 2025 | 38.98% |
| Sep 30, 2025 | 44.98% |
| Jun 30, 2025 | 41.08% |
| Mar 31, 2025 | 40.50% |
| Dec 31, 2024 | 43.59% |
| Sep 30, 2024 | 41.67% |
| Jun 30, 2024 | 42.92% |
| Mar 31, 2024 | 40.86% |
| Dec 31, 2023 | 39.26% |
| Sep 30, 2023 | 44.32% |
| Jun 30, 2023 | 40.58% |
| Mar 31, 2023 | 45.13% |
| Dec 31, 2022 | 34.09% |
| Sep 30, 2022 | 45.84% |
| Jun 30, 2022 | 34.36% |
| Mar 31, 2022 | 49.71% |
| Dec 31, 2021 | 43.17% |
| Sep 30, 2021 | 54.63% |
| Jun 30, 2021 | 54.66% |