Lyft, Inc. (LYFT) Income Statement
LYFT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLYFT revenue and net income
Where LYFT's revenue goes
2025Each bar shows an amount and its share of revenue. LYFT kept 45.0% of revenue as net income.
LYFT profit margins
LYFT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.2% | +15.5% | +21.7% | — |
| Gross profit | +7.0% | +16.4% | +23.3% | — |
| Operating income | — | — | — | — |
| Net income | +12,382.5% | — | — | — |
| EPS (diluted) | +44.4% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LYFT quarterly EPS vs estimates
Lyft beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.22).
LYFT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.32B | $5.79B | $4.40B | $4.10B | $3.21B | $2.36B | $3.62B | $2.16B | $1.06B | $343.3M |
| Cost of revenue | $3.70B | $3.34B | $2.54B | $2.44B | $1.70B | $1.45B | $2.18B | $1.24B | $659.5M | $279.0M |
| Gross profit | $2.62B | $2.45B | $1.86B | $1.66B | $1.51B | $917.2M | $1.44B | $913.2M | $400.3M | $64.3M |
| Research & development | $451.4M | $397.1M | $555.9M | $856.8M | $911.9M | $909.1M | $1.51B | $300.8M | $136.6M | $64.7M |
| Sales, general & admin | $1.88B | $1.73B | $1.35B | $1.82B | $1.33B | $1.36B | $2.00B | $1.25B | $788.5M | $594.3M |
| Total operating expenses | $2.81B | $2.57B | $2.34B | $3.12B | $2.64B | $2.73B | $4.14B | $1.89B | $1.11B | $756.9M |
| Operating income | −$188.4M | −$118.9M | −$475.6M | −$1.46B | −$1.14B | −$1.81B | −$2.70B | −$977.7M | −$708.3M | −$692.6M |
| Interest income | — | $166.3M | $132.2M | $47.1M | $9.1M | $63.6M | $102.5M | $66.5M | $20.2M | $7.0M |
| Interest expense | $20.8M | $28.9M | $26.2M | $19.7M | $51.6M | $32.7M | $102.6M | $0 | $0 | $0 |
| Income before taxes | −$53.2M | $25.4M | −$331.7M | −$1.58B | −$1.05B | −$1.80B | −$2.60B | −$910.6M | −$687.7M | −$682.4M |
| Income taxes | −$2.90B | $2.6M | $8.6M | $5.9M | $11.2M | −$44.5M | $2.4M | $738,000 | $556,000 | $401,000 |
| Net income | $2.84B | $22.8M | −$340.3M | −$1.58B | −$1.06B | −$1.75B | −$2.60B | −$911.3M | −$688.3M | −$682.8M |
| EBITDA | $102.7M | $203.2M | −$189.0M | −$1.40B | −$859.9M | −$1.61B | −$2.49B | −$891.8M | −$705.7M | −$692.1M |
| EPS (diluted) | $0.91 | $0.63 | $0.65 | −$2.61 | −$0.25 | −$3.20 | −$10.50 | −$11.32 | −$36.23 | −$37.93 |
| Gross margin | 41.5% | 42.3% | 42.2% | 40.5% | 46.9% | 38.8% | 39.8% | 42.3% | 37.8% | 18.7% |
| Operating margin | −3.0% | −2.1% | −10.8% | −35.6% | −35.4% | −76.5% | −74.7% | −45.3% | −66.8% | −201.7% |
| Net margin | 45.0% | 0.4% | −7.7% | −38.7% | −33.1% | −74.1% | −72.0% | −42.3% | −64.9% | −198.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.84B | $1.65B | $1.59B | $1.69B | $1.59B | $1.45B | $1.55B | $1.52B | $1.44B | $1.28B | $1.22B | $1.16B |
| Cost of revenue | $926.4M | $864.1M | $971.8M | $927.2M | $935.7M | $862.9M | $874.6M | $888.3M | $819.5M | $755.4M | $743.9M | $644.5M |
| Gross profit | $917.1M | $786.3M | $620.9M | $758.0M | $652.4M | $587.3M | $675.7M | $634.4M | $616.3M | $521.8M | $480.7M | $513.0M |
| Research & development | $119.2M | $124.2M | $120.0M | $109.6M | $109.3M | $112.5M | $93.8M | $104.4M | $98.8M | $100.0M | $95.2M | $109.2M |
| Sales, general & admin | $621.6M | $543.2M | $562.8M | $493.9M | $423.3M | $397.3M | $446.4M | $469.2M | $429.0M | $381.7M | $343.8M | $325.2M |
| Total operating expenses | $869.6M | $791.7M | $805.9M | $734.9M | $650.0M | $616.1M | $647.7M | $691.1M | $643.6M | $584.8M | $540.9M | $553.2M |
| Operating income | $47.6M | −$5.3M | −$185.0M | $23.1M | $2.4M | −$28.8M | $28.0M | −$56.7M | −$27.2M | −$63.0M | −$60.2M | −$40.2M |
| Interest income | — | — | — | — | — | — | $43.4M | $44.2M | $40.1M | $38.6M | $40.3M | $36.9M |
| Interest expense | $5.5M | $5.2M | $4.8M | $4.7M | $5.0M | $6.2M | $6.7M | $7.4M | $7.9M | $7.0M | $8.4M | $6.2M |
| Income before taxes | $78.4M | $19.8M | −$147.7M | $44.1M | $44.4M | $5.9M | $60.5M | −$13.1M | $6.9M | −$28.9M | −$23.1M | −$12.0M |
| Income taxes | $28.1M | $5.5M | −$2.90B | −$2.0M | $4.1M | $3.4M | −$1.2M | −$682,000 | $1.9M | $2.6M | $3.2M | $111,000 |
| Net income | $50.3M | $14.2M | $2.76B | $46.1M | $40.3M | $2.6M | $61.7M | −$12.4M | $5.0M | −$31.5M | −$26.3M | −$12.1M |
| EBITDA | $159.3M | $61.6M | −$105.6M | $82.6M | $80.0M | $45.6M | $100.9M | $39.4M | $52.4M | $10.5M | $16.4M | $23.7M |
| EPS (diluted) | $0.13 | $0.28 | $0.37 | $0.13 | $0.30 | $0.11 | $0.27 | −$0.03 | $0.24 | $0.15 | $0.18 | $0.24 |
| Gross margin | 49.7% | 47.6% | 39.0% | 45.0% | 41.1% | 40.5% | 43.6% | 41.7% | 42.9% | 40.9% | 39.3% | 44.3% |
| Operating margin | 2.6% | −0.3% | −11.6% | 1.4% | 0.2% | −2.0% | 1.8% | −3.7% | −1.9% | −4.9% | −4.9% | −3.5% |
| Net margin | 2.7% | 0.9% | 173.0% | 2.7% | 2.5% | 0.2% | 4.0% | −0.8% | 0.3% | −2.5% | −2.1% | −1.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LYFT's financial statements (latest annual report filed February 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LYFT financial results
In fiscal year 2025 (ended December 31, 2025), Lyft reported revenue of $6.3 billion, up 9.2% from the year before. It had net income of $2.8 billion (up 12,382.5%), a net profit margin of 45.0%. Diluted earnings per share came to $0.91. Over five years revenue grew at an average rate of 21.7% a year.
See the LYFT stock overview for the latest quote and news, or the LYFT chart for price history and technical indicators.
LYFT income statement FAQ
What is Lyft's annual revenue?
Lyft reported total revenue of $6.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.2% from $5.8 billion the previous year.
Is Lyft profitable?
Yes. Lyft reported net income of $2.8 billion in fiscal 2025, a net profit margin of 45.0%; its operating margin was −3.0%.
What is Lyft's gross margin?
Lyft's gross margin was 41.5% in fiscal 2025: for every $100 of revenue, Lyft kept $41 after the direct cost of its products and services.
How much does Lyft spend on research and development?
Lyft spent $451.4 million on research and development in fiscal 2025, 7.1% of revenue.
How fast is Lyft growing?
Revenue grew 21.7% a year on average over the last five fiscal years, from $2.4 billion to $6.3 billion.
What are Lyft's earnings per share?
Lyft earned $0.91 per diluted share in fiscal 2025, compared with $0.63 a year earlier.
When will Lyft report its next earnings?
Lyft is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Lyft's fiscal year end?
Lyft's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 11, 2026.