EarningsQ2 2026 Earnings Report
MX:LYFT Q2 2026 EPS Results
Actual EPS$2.21
Consensus EPS$2.45
Beat/MissMissed by -$0.24
One Year Ago EPS$5.52
MX:LYFT Q2 2026 Revenue Results
Actual Revenue$31.33B
Expected Revenue$30.69B
Beat/MissBeat by +$644.52M
YoY Revenue Growth+16.08%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
MX:LYFT Upcoming Earnings
Lyft's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:LYFT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of operating and financial results — record active riders, accelerating rides and gross bookings up 23% YoY, adjusted EBITDA up 37% YoY, and robust cash generation — alongside clear progress in partnerships, premium modes, bikes, driver economics, and AV testing. Management acknowledged several execution risks and near-term mix and AV-related uncertainties (Freenow seasonality, gross bookings vs rides gap, AV unit-economics opacity, and operational gating factors for AV scale). On balance, the positive growth, margin expansion, partnership traction, and cash generation substantially outweigh the challenges, though AV scaling and mix effects will require continued monitoring.Company Guidance
Record Active Riders
Lyft reached an all-time high of over 30 million active riders in Q2, demonstrating broad consumer adoption and engagement.
Strong Ride Volumes
The company completed 262 million rides in Q2 and is on track to exceed 1 billion rides in 2026, indicating durable marketplace demand.
Top-Line Growth — Gross Bookings
Gross bookings increased 23% year-over-year to $5.5 billion, reflecting accelerating revenue scale.
Profitability and Cash Generation
Adjusted EBITDA grew 37% year-over-year, and Lyft reported its fourth consecutive quarter with over $1 billion in free cash flow on a trailing 12-month basis.
Partnership Scale
Approximately 30% of North American rideshare rides are now linked to a partner (new all-time high), highlighting strong partner integration and contribution to higher-value trips.
Premium Modes and Chauffeuring Growth
Premium modes grew double digits year-over-year for the 12th consecutive quarter, with record performance in the TBR Chauffeuring business, supporting margin expansion.
Bikes Business Momentum
Operated bikes achieved weekly and daily all-time highs in several markets; Q3 is identified as the bikes' seasonally strongest quarter, and bikes present strong unit economics despite lower gross bookings per ride.
Driver Supply and Earnings Strength
Driver supply is strong with active driver metrics at multi-year highs; driver earnings per ride are up ~8% year-over-year and tipping is up ~10%, supported by initiatives like a 30% fee cap and a driver rewards program (paid out ~$14 million so far).
Progress on AV and Depot Infrastructure
AV operations show progress: smooth fleet operations in Nashville, strong testing in London (Baidu RT6), takeover and strong SLA performance at a temporary Waymo depot in June, and a purpose-built 80,000 sq. ft. Nashville depot with 4 MW power planned to open around October; supply-sharing with Waymo remains on track to begin before year-end.
MX:LYFT Earnings History
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