Lyft (1LYFT) Q3 2026 Earnings Report
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IT:1LYFT Q3 2026 EPS Results
- Actual EPS
- -EUR 0.03
- Consensus EPS
- EUR 0.17
- Beat/Miss
- Missed by -EUR 0.20
- One Year Ago EPS
- EUR 0.10
IT:1LYFT Q3 2026 Revenue Results
- Actual Revenue
- EUR 1.63B
- Expected Revenue
- EUR 1.71B
- Beat/Miss
- Missed by -EUR 87.24M
- YoY Revenue Growth
- +8.11%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- After Close
- Conference Call
- Thursday, November 5, 2026
IT:1LYFT Upcoming Earnings
Lyft's next earnings date is estimated for February 16, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
IT:1LYFT Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive, with record rides, bookings, adjusted EBITDA, active riders, driver hours, and free cash flow, alongside improving insurance economics, expanding partnerships, and progress in international and AV initiatives. Management also expressed confidence in Q4 and 2027 growth. The main challenges mentioned were historical 2023 underperformance, seasonal European and micromobility effects, ongoing insurance-cost growth, and the early-stage nature of AV operations.
Company Guidance
Lyft is on track to reach over 1 billion rides around the world in 2026, expects share repurchases to be about $500 million for the full year, expects the third straight acceleration in Q4, and expects insurance renewal growth to have a very modest growth impact quarter-on-quarter and to be well below the industry average; it also expects to significantly grow the fleet it services by year-end, while Baidu’s RT6 is expected to, hopefully, enter commercial service next year.
- Strong Third-Quarter Bookings and ProfitabilityGross bookings grew 17% year-over-year to $5.6 billion. Adjusted EBITDA grew 47% year-over-year to $204 million, with adjusted EBITDA margin expanding to 3.6% of gross bookings, making Q3 Lyft's most profitable quarter-to-date on a non-GAAP basis.
- Record Rides and Active Rider GrowthRides grew 10% year-over-year to 273.5 million, with growth accelerating in both the U.S. and Canada. Active riders reached 31.6 million, representing the eighth consecutive quarter of double-digit growth.
- Healthy Marketplace OperationsDriver hours reached a new all-time high, while ETAs improved compared with both the prior quarter and the prior year. Management said the marketplace was healthy enough to meet strong demand and support faster pickups.
- Record Halloween and Daily Ride ActivityLyft reported its strongest Halloween ever, including all-time highs for daily and weekly rides in North America, ride requests per minute, rides per day, and rides during the prior week. The company also reported no downtime during the two major Halloween nights and no driver-supply issues.
- Progress Toward More Than One Billion Annual RidesLyft is on track to reach over 1 billion rides worldwide in 2026.
- Free Cash Flow ExpansionLyft delivered its fifth consecutive quarter with more than $1 billion in trailing 12-month free cash flow, compared with negative $248 million three years earlier.
- Improved Cost of Revenue and Insurance EconomicsTotal company cost of revenue declined year-over-year as Lyft continued efforts to bend the insurance cost curve. Management cited policy reform, product initiatives, and safety innovations as factors supporting insurance-cost leverage.
- Lyft Go Partnership LaunchLyft launched Lyft Go in partnership with DoorDash, including DashPass membership and an 8% cash-back credit that can be used on rideshare and delivery. Hundreds of thousands of people had already linked accounts or signed up, which management described as a positive early indicator.
- DoorDash Partnership Driving Acquisition and FrequencyManagement said the DoorDash partnership had been one of Lyft's most productive partnerships over more than two years, particularly for new customer acquisition and driving rider frequency. Lyft Go is intended to provide another tool for customer acquisition and retention.
- Geographic Growth Across North America and EuropeLyft reported strength across its geographic portfolio. Canada rides more than doubled year-over-year in Q3, Toronto became one of the company's largest markets, and Europe delivered year-over-year growth in organic bookings, active riders, and rides.
- Bike-Sharing Record QuarterLyft's bike-sharing business had a record-breaking quarter as the company continued expanding its e-bike footprint and operating the business with what management described as strong execution.
- Product and Premium-Market ExpansionLyft said products including Lyft Teen and Lyft Silver were delivering in line with expectations. The company is also expanding premium modes, business-to-business services, and luxury chauffeur offerings under the new Alcove brand.
- International Expansion Through FREENOWManagement said the FREENOW acquisition had made Lyft a global company. Teams have been integrated, a roaming feature allows U.S. Lyft customers in Europe to hail rides through the Lyft app, and management said the integration remains in its mid-innings with additional opportunities ahead.
- AV Partnerships and Nashville ProgressLyft is focused primarily on deep partnerships with Baidu and Waymo while remaining open to additional partners. In Nashville, Lyft is operating an 80,000-square-foot facility, received very good early feedback from its partner, and plans to increase the serviced fleet significantly by year-end.
- AV Marketplace and Fleet-Management ModelLyft is building a Nashville operation combining fleet management with marketplace supply-chain capabilities, including coordinating servicing, charging, and vehicle availability through its marketplace infrastructure.
- AV Expansion in LondonBaidu's RT6 vehicle is currently in safety-driver mode in London and is undergoing safety and validation work, with commercial service targeted for next year. Lyft expects to provide marketplace matching, fleet management, technical capabilities, and regulatory support.
- Shareholder Returns and Capital DisciplineLyft repurchased approximately $50 million of shares in Q3 and expects approximately $500 million of repurchases for the full year. Management said its capital allocation framework remains focused on ample liquidity, a strong balance sheet, investment in profitable growth, and returning capital to shareholders.
- Driver Support and Fuel ReliefLyft's fee cap, driver loyalty program, and fuel rebate program supported driver engagement. Management said the fuel program saved drivers about $20 million this year, largely co-funded by partners.
- Q4 and 2027 Growth InitiativesManagement expressed confidence in the Q4 gross bookings outlook and year-over-year adjusted EBITDA margin expansion. For 2027, it cited premium offerings and Alcove, Lyft Go, further FREENOW integration, and expanded Waymo AV service as growth opportunities.
IT:1LYFT Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 16, 2027 | 2026 (Q4) | 0.16- | 5.88 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | 0.17-0.03 | 0.1 | -127.27% (-0.12) | |
| Aug 06, 2026 | 2026 (Q2) | 0.130.12 | 0.29 | -60.00% (-0.17) | |
| May 07, 2026 | 2026 (Q1) | 0.050.04 | 0.21 | -83.26% (-0.18) | |
| Feb 10, 2026 | 2025 (Q4) | ―5.88 | 0.26 | 2141.50% (+5.62) | |
| Nov 05, 2025 | 2025 (Q3) | 0.220.10 | 0.26 | -61.67% (-0.16) | |
| Aug 06, 2025 | 2025 (Q2) | 0.220.29 | 0.21 | 36.55% (+0.08) | |
| May 08, 2025 | 2025 (Q1) | 0.170.21 | 0.13 | 61.49% (+0.08) | |
| Feb 11, 2025 | 2024 (Q4) | 0.190.26 | 0.17 | 52.33% (+0.09) | |
| Nov 06, 2024 | 2024 (Q3) | 0.170.26 | 0.21 | 20.59% (+0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
