Lyft (LYFT) Operating Margin (2018 - 2026)
Lyft (LYFT) recorded quarterly Operating Margin of 0.32% in Q1 2026, up 97.22% quarter-over-quarter from 11.62% in Q4 2025, and up 167.0% on a YoY basis from 0.12% in Q1 2025.
Lyft (LYFT) Operating Margin (2018 - 2026) Analysis & Trends
Lyft's Operating Margin history runs 9 years deep, the most recent figure standing at 0.32% for Q1 2026.
- In Q1 2026, Operating Margin rose 167.0% year-over-year to 0.32%; the TTM figure through Mar 2026 stood at 2.53% (down 111.0% YoY), while the FY2025 annual figure was 2.98%, down 93.0% from the prior year.
- Operating Margin was 0.32% for Q1 2026 at Lyft, up from 11.62% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 1.8% in Q4 2024 to a low of 50.73% in Q4 2022.
- Historically, Operating Margin has averaged 12.08% across 5 years, with a median of 4.91% in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Margin slumped 2252 bps in 2022, then soared 4581 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 50.73% in 2022, then soared by 90 bps to 4.91% in 2023, then soared by 137 bps to 1.8% in 2024, then plunged by 744 bps to 11.62% in 2025, then surged by 97 bps to 0.32% in 2026.
- The last three Operating Margin figures came in at 0.32% (Q1 2026), 11.62% (Q4 2025), and 1.37% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Lyft | 5.64 Bn | 3.91 Bn | 1.38 Bn | -0.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.32% |
| Dec 31, 2025 | -11.62% |
| Sep 30, 2025 | 1.37% |
| Jun 30, 2025 | 0.15% |
| Mar 31, 2025 | -1.99% |
| Dec 31, 2024 | 1.80% |
| Sep 30, 2024 | -3.72% |
| Jun 30, 2024 | -1.90% |
| Mar 31, 2024 | -4.93% |
| Dec 31, 2023 | -4.91% |
| Sep 30, 2023 | -3.47% |
| Jun 30, 2023 | -15.53% |
| Mar 31, 2023 | -21.66% |
| Dec 31, 2022 | -50.73% |
| Sep 30, 2022 | -27.55% |
| Jun 30, 2022 | -37.67% |
| Mar 31, 2022 | -22.77% |
| Dec 31, 2021 | -28.21% |
| Sep 30, 2021 | -23.72% |
| Jun 30, 2021 | -31.39% |