AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 16% to $1,843.5 million on 12% Rides growth and international expansion, but sales and marketing jumped 68%, holding net income to $50.3 million.
Biggest Revenue Drivers
Ridesharing marketplace (incl. taxis, private hire, chauffeur, car sharing)approximately 85% or more of revenue
Substantially all revenue is generated from the ridesharing marketplace connecting drivers and riders
Rental revenue recognized under ASC 842 (Flexdrive, shared bikes and scooters)less than 10% of revenue
Rental revenue recognized under ASC 842 was less than 10% of revenue for the three months ended June 30, 2026
Biggest Revenue Drivers
Total revenue: $1,843.5M+16% YoY
Ridesharing marketplace (incl. taxis, private hire, chauffeur, car sharing)approximately 85% or more of revenue
Substantially all revenue is generated from the ridesharing marketplace connecting drivers and riders
Rental revenue recognized under ASC 842 (Flexdrive, shared bikes and scooters)less than 10% of revenue
Rental revenue recognized under ASC 842 was less than 10% of revenue for the three months ended June 30, 2026
Largest Expense Items
Cost of revenue$926.4M-1% YoY
Insurance cost-per-mile decrease from California's rideshare insurance reform bill SB 371 and favorable prior-year claim developments, offset by higher ride volume
Sales and marketing$320.0M+68% YoY
Investments in rider engagement: incentive program costs rose $87.0 million to $186.9 million, plus a $21.1 million increase in marketing partnerships
General and administrative$301.6M+30% YoY
A $39.2 million net increase in loss contingencies related to legal and tax accruals and settlements, plus higher headcount and consulting costs
Operations and support$128.7M+10% YoY
Increases in bikes and scooters fleet operations support costs and personnel costs from headcount growth driven by international expansion
Margins: Cost of revenue fell to 50.3% of revenue from 58.9%, lifting income from operations to $47.6 million (2.6% of revenue) from $2.4 million. Adjusted EBITDA margin on Gross Bookings reached 3.2% versus 2.9%, which the filing attributes to cost discipline as Gross Bookings growth outpaced total costs.
Watch Items from the Filing
Rider incentive costs nearly doubled, up $87.0 million to $186.9 million, driving sales and marketing to 17.4% of revenue from 12.0% a year ago.
G&A rose on a $39.2 million net increase in legal and tax loss contingencies; Lyft is separately suing San Francisco for a refund of approximately $100 million in taxes.
Effective tax rate jumped to 35.8% from 9.2% after the Q4 2025 release of the U.S. valuation allowance; provision was $28.1 million versus $4.1 million.
Driver classification litigation continues: a California summary adjudication hearing is set for September 17, 2026, and a sexual-assault MDL was formed February 5, 2026.
Repurchased 7.2 million shares for $100.0 million in the quarter; $850.0 million remains under the $1.0 billion 2026 program, with cash and short-term investments of $1.8 billion.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
1 transaction in LYFT reported by 1 member of Congress under the STOCK Act, most recent trade Feb 16, 2021. Reported transactions, not recommendations.
About Lyft, Inc. (LYFT): stock profile, AI score and financials
Lyft, Inc. (LYFT) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores LYFT at 72.1/100 on a composite quality score built from its SEC filings, placing it at rank #164 of 2,925 stocks — the top 10% of the AI-ranked universe. LYFT scores in the top quartile across balance sheet strength (99.1), profitability (97.0), revenue scale (82.2). Areas of concern include earnings quality (23.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 23.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Lyft, Inc. reports quarterly revenue of $1.8B, net income of $50.3M, an operating margin of 2.6%. Top institutional holders of LYFT by reported 13-F value include AMERIPRISE FINANCIAL, BlackRock, MILLENNIUM MANAGEMENT, based on the most recent SEC filings. LYFT trades on the Nasdaq exchange and files with the SEC under CIK 1759509. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LYFT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Lyft, Inc. directly from SEC EDGAR.