Lyft (NASDAQ:LYFT) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Lyft (NASDAQ:LYFT) posted its earnings results on Thursday. The ride-sharing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01), FiscalAI reports. Lyft had a negative return on equity of 1.30% and a net margin of 42.32%.The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm earned $0.10 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year.

Here are the key takeaways from Lyft’s conference call:

• Lyft reported record Q2 performance, including more than 30 million active riders, 262 million rides, and $5.5 billion in gross bookings, up 23% year over year. Adjusted EBITDA increased 37%, while trailing-12-month free cash flow exceeded $1 billion for the fourth consecutive quarter.
• Management expects rides growth to accelerate in the second half of 2026 across North American rideshare, bikes, and FreeNow. Growth is being supported by faster pickup times, Lyft Teen and Lyft Silver, strong Canadian and European performance, and continued expansion in higher-value ride modes.
• Partnerships reached a new high, with approximately 30% of North American rides linked to a partner. Lyft said DoorDash, United Airlines, Chase, and other relationships remain early-stage opportunities, while its Waymo partnership in Nashville is on track for a purpose-built depot in October and supply sharing before year-end.
• Driver supply and engagement remain strong, according to management, with active drivers and driver hours near record levels, driver earnings up about 8% per ride year over year, and Lyft claiming a roughly 30-point preference advantage among multi-platform drivers.
• The gap between gross-bookings growth and rides growth reflects business mix, including seasonally stronger bikes activity and the lapping of FreeNow acquisition timing. Autonomous-vehicle operations in London and Nashville are currently expected to have minimal near-term P&L impact, although Lyft believes the long-term unit economics and market expansion opportunity are attractive.

Lyft Trading Up 7.1%

Shares of NASDAQ:LYFT traded up $1.16 during trading on Friday, reaching $17.46. The stock had a trading volume of 23,940,024 shares, compared to its average volume of 11,629,653. Lyft has a 52 week low of $12.46 and a 52 week high of $25.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s fifty day moving average is $14.95 and its 200 day moving average is $14.55. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 2.54, a P/E/G ratio of 0.97 and a beta of 1.80.

Trending Headlines about Lyft

Here are the key news stories impacting Lyft this week:

• Positive Sentiment: Record demand and bookings: Second-quarter gross bookings rose 23% year over year to $5.5 billion, revenue increased 16% to $1.84 billion, and active riders and rides reached records of 30.5 million and 262 million, respectively. Growth was supported by higher-value rides, international expansion and partnerships. Reuters article
• Positive Sentiment: Improving profitability: Adjusted EBITDA climbed 37% to $177.2 million, while the adjusted EBITDA margin improved to 3.2% of bookings from 2.9% a year earlier. Lyft also had $850 million remaining under its 2026 share-repurchase authorization as of June 30, potentially supporting per-share value. Seeking Alpha article
• Positive Sentiment: Constructive near-term outlook: Lyft forecast third-quarter gross bookings of approximately $5.50 billion to $5.67 billion, slightly above expectations, suggesting demand remains resilient even as growth moderates. Several analysts raised targets, including RBC to $20, Piper Sandler to $21 and JPMorgan to $19. RBC price-target article

Insider Activity

In other news, Director Jill Beggs sold 2,093 shares of Lyft stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $13.76, for a total value of $28,799.68. Following the completion of the transaction, the director directly owned 30,092 shares of the company’s stock, valued at approximately $414,065.92. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lindsay Catherine Llewellyn sold 36,214 shares of Lyft stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $16.14, for a total value of $584,493.96. Following the completion of the transaction, the insider directly owned 817,517 shares of the company’s stock, valued at approximately $13,194,724.38. This trade represents a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 81,749 shares of company stock worth $1,221,950 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Lyft

Several large investors have recently added to or reduced their stakes in LYFT. Brown Brothers Harriman & Co. grew its holdings in shares of Lyft by 23.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,399 shares of the ride-sharing company’s stock valued at $75,000 after purchasing an additional 639 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Lyft by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 167,399 shares of the ride-sharing company’s stock worth $3,684,000 after purchasing an additional 771 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Lyft by 3.1% in the fourth quarter. Neuberger Berman Group LLC now owns 28,857 shares of the ride-sharing company’s stock worth $559,000 after purchasing an additional 874 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in Lyft by 3.8% during the second quarter. Main Street Financial Solutions LLC now owns 24,688 shares of the ride-sharing company’s stock valued at $389,000 after buying an additional 909 shares during the period. Finally, Quarry LP boosted its position in Lyft by 62.8% during the third quarter. Quarry LP now owns 3,227 shares of the ride-sharing company’s stock valued at $71,000 after buying an additional 1,245 shares during the period. Institutional investors and hedge funds own 83.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LYFT. Rothschild & Co Redburn raised shares of Lyft from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, June 17th. Jefferies Financial Group boosted their price objective on shares of Lyft from $15.00 to $15.50 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Morgan Stanley raised their target price on Lyft from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on Lyft from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Bank of America raised Lyft from an “underperform” rating to a “buy” rating in a report on Friday. Thirteen analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Lyft currently has a consensus rating of “Hold” and an average target price of $19.57.

Lyft Company Profile

Lyft, Inc (NASDAQ: LYFT) operates a peer-to-peer ridesharing platform that connects passengers with drivers through a mobile application. Since its founding in 2012, the company has expanded beyond traditional ride-hailing to include bike and electric scooter rentals, while also offering rental cars and public transit options in select markets. Lyft’s platform uses GPS mapping and dynamic pricing algorithms to optimize driver-passenger matches and route efficiency.

Headquartered in San Francisco, California, Lyft primarily serves urban and suburban markets across the United States and Canada.