LYFT Nasdaq Russell 1000 Earnings call
Lyft (LYFT) · Q2 2026 results
Share price: $17.29 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 6 Aug 2026 and 8 May 2026
Net income up 252.9% on the previous quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+252.9%
Net income vs Q1 2026
Net income 50.3M vs 14.2M
Revenue +11.7%
Against the same quarter last year (Q2 2025) it is +24.8% — part of the move on last quarter is seasonal.
2 · How management spoke
Typical
More upbeat than 59% of company calls
Answers to analysts: upbeat, in line with the script.
Last call it was different: the answers were more upbeat than the script.
3 · What stood out
Lyft's UP strategy saw premium modes grow double digits year-over-year for the 12th consecutive quarter, supported by record performance in its TBR Chauffeuring business.
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: inputs look inconsistent (market value only 2.3x the net income: another reporting currency or a one-off gain).
Current price
$17.29
close of 2026-11-11
P/E
2.3
today
Revenue growth, 3 years
+15.5% a year
compound annual rate (CAGR)
Read between the lines
-
Dropped
The integration of autonomous vehicles into the marketplace is expected to bring new riders into the ecosystem and grow the overall rideshare market size.
Source quote
“And when we look across sort of in aggregate, all of the regions where AVs are in the marketplace, we've... And therefore, you would expect over time, that's going to bring new people on to the -- sort of into the rideshare ecosystem. So that's kind of a good theme because a good indication because it means that as new riders are coming on, still the whole pie is growing.”
-
Dropped
The report notes that contra revenue incentives are analyzed on a year-over-year basis to detail the specific components of the incentive line.
Source quote
“If you think about contra revenue incentives overall, on a year-over-year basis... So let's kind of get into the details on the incentive line.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Our UP strategy continues to gain momentum with premium modes growing double digits year-on-year for the 12th consecutive quarter, supported by record performance in our TBR Chauffeuring business.”
“I think about the strength of our North America rideshare business, our growth foundationally, our continued strong growth as we think about expanding in low-scale markets, Canada.”
“So it's really foundational strength across the business as we think about growing Active Riders to that record number that we achieved in the quarter.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.84B | 1.65B | +11.7% | 1.59B | +16.1% |
| Gross profit | 917.1M | 786.3M | +16.6% | 652.4M | +40.6% |
| Operating income | 47.6M | -5.3M | Turned profit | 2.4M | +1857.4% |
| Net income | 50.3M | 14.2M | +252.9% | 40.3M | +24.8% |
| EPS | 0.13 | 0.04 | +225.0% | 0.10 | +30.0% |
| P/E today 2.3 | 2.1 | 1.9 | +0.2 | 68.5 | −66.4 |
Topics
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Faded since Q1 2026
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Latest announcements
Official filings, newest first.
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