Lyft (LYFT) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Lyft published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Q3 2026 results include a $117.9 million impact from certain legal, tax, and regulatory reserve changes and settlements, of which $69.1 million was recorded as a reduction to revenue.
• Lyft reports a single segment, so no segment table is shown. Gross Bookings, its main scale measure, is the total value of transactions including taxes, tolls and fees, excluding tips.

Source: Lyft Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

From the earnings release

Lyft guides to Gross Bookings and Adjusted EBITDA, not to revenue or EPS, and gives no GAAP equivalent.

In its Q3 2026 release, Lyft said:

“Gross Bookings of approximately $5.74 billion to $5.94 billion, up approximately 13% to 17% year over year.”

“Adjusted EBITDA of approximately $188 million to $213 million, up approximately 22% to 38% year over year.”

“Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) of approximately 3.3% to 3.6%.”

Source: Lyft Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the LYFT forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue and GAAP diluted EPS, each as first reported in that quarter's release. Lyft's Q4 2025 release prints only full-year EPS ($6.81 diluted), so Q4 2025 EPS is blank; Q4 net income of $2,755.1 million included a $2.9 billion benefit from releasing a valuation allowance on deferred tax assets.

We do not hold a confirmed date for Lyft's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Lyft reports one segment. Approximately 85% or more of its revenue comes from its ridesharing marketplace, including taxis, private hire vehicles, executive chauffeur services and car sharing; the rest is licensing and data access, subscription fees, bikes and scooters, and advertising. Q3 2026 revenue was $1,821.8 million on Gross Bookings of $5,616.9 million. (Lyft Form 10-Q, Q3 2026, Nov 6, 2026; Lyft Q3 2026 release, Nov 5, 2026)

Lyft said revenue rose $136.6 million, or 8%, primarily because Rides rose 10% to 273.5 million, Active Riders rose 10% to 31.6 million, and international expansion. Two things held revenue back: higher investments in driver supply, which Lyft records as a reduction to revenue, and a $69.1 million impact from legal, tax, and regulatory reserve changes and settlements. (Lyft Form 10-Q, Q3 2026, Nov 6, 2026; Lyft Q3 2026 release, Nov 5, 2026)

Gross Bookings grew faster than revenue, up 17% from $4,780.4 million. Revenue was about 32.4% of Gross Bookings in Q3 2026, against about 35.3% a year earlier; excluding the $69.1 million reserve impact, Lyft puts revenue at $1.9 billion. (Lyft Q3 2026 release, Nov 5, 2026)

International expansion comes mostly from acquisitions in Europe. On July 31, 2025 Lyft bought Freenow, a European multimodal app built around taxis, for €204.1 million ($234.8 million), and on October 14, 2025 it bought TBR Global Chauffeuring. Since September 2026 Lyft has also matched riders to fully autonomous Waymo vehicles on its app in Nashville. (Lyft Form 10-Q, Q3 2026, Nov 6, 2026; Lyft Q3 2026 release, Nov 5, 2026)

Lyft reported a diluted loss of $0.03 per share in Q3 2026, against EPS of $0.11 a year earlier, on a net loss of $9.7 million. The loss includes the $117.9 million reserve impact. Lyft does not report an adjusted EPS; Adjusted EBITDA, which excludes that reserve impact along with stock-based compensation ($53.9 million), depreciation and amortization, interest, other income and taxes, rose 47% to $203.9 million. (Lyft Q3 2026 release, Nov 5, 2026)

Income tax pushed the quarter into a loss. Lyft recorded a $15.6 million tax provision on pre-tax income of $5.9 million, an effective tax rate of 266.1%, which it attributed to U.S. pre-tax book income and non-deductible costs related to legal settlements. Cost of revenue fell 6%, primarily on lower insurance costs from California's rideshare insurance reform bill, SB 371. (Lyft Form 10-Q, Q3 2026, Nov 6, 2026; Lyft Q3 2026 release, Nov 5, 2026)

Lyft's share count fell. Weighted-average shares were 378,540 thousand, against 412,674 thousand diluted a year earlier. Lyft repurchased 3.1 million shares for $50.0 million in Q3 2026 and 31.6 million shares for $450.0 million over the first nine months, and had $800.0 million left under its 2026 program. (Lyft Q3 2026 release, Nov 5, 2026; Lyft Form 10-Q, Q3 2026, Nov 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Lyft gives a quarterly outlook in its release for Gross Bookings and Adjusted EBITDA, not revenue or EPS. For Q4 2026 it expects Gross Bookings of approximately $5.74 billion to $5.94 billion, up approximately 13% to 17%, and Adjusted EBITDA of approximately $188 million to $213 million, a margin of approximately 3.3% to 3.6% of Gross Bookings. Lyft does not provide a GAAP equivalent, citing variability in items such as stock-based compensation, taxes and legal reserves. (Lyft Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Lyft, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Lyft's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LYFT is on is LYFT a buy or a sell?, what analysts expect next is on the LYFT forecast, and what the company does is on the Lyft (LYFT) stock page.

Every number on this page can be traced to a document Lyft published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.