Lyft User and Revenue Stats
Written by Backlinko Team
Lyft is a ridesharing service available in 806 cities across the US and Canada.
Launched in 2012, the app reached the milestone of 1 million rides the following year.
Today, 24.4 million riders use the app each quarter. And Lyft currently has a 24% market share in the US.
Read on to find the latest stats on Lyft in 2024.
Key Lyft Stats
- Lyft has 24.4 million quarterly active riders.
- Over 500 thousand drivers use the Lyft platform each week.
- Lyft’s annual revenue is $4.4 billion.
- Lyft has a 24% share of the US ride-hailing market.
- 2,945 employees work at Lyft.
Lyft Active Riders
Lyft defines an active rider as a user with at least one ride through the app in a given quarter.
Lyft has 24.4 million active riders as of Q3 2024. Compared to the third quarter of 2023, Lyft’s rider count is up 8.93% (from 22.4 million).
Here’s a table with the number of Lyft active riders since 2016:
| Quarter, year | Active riders |
|---|---|
| Q1 2016 | 3.5 million |
| Q2 2016 | 4.5 million |
| Q3 2016 | 5.7 million |
| Q4 2016 | 6.6 million |
| Q1 2017 | 8.1 million |
| Q2 2017 | 9.4 million |
| Q3 2017 | 11.4 million |
| Q4 2017 | 12.6 million |
| Q1 2018 | 14 million |
| Q2 2018 | 15.5 million |
| Q3 2018 | 17.4 million |
| Q4 2018 | 18.6 million |
| Q1 2019 | 20.5 million |
| Q2 2019 | 21.8 million |
| Q3 2019 | 22.3 million |
| Q4 2019 | 22.9 million |
| Q1 2020 | 21.2 million |
| Q2 2020 | 8.7 million |
| Q3 2020 | 12.5 million |
| Q4 2020 | 12.5 million | Q1 2021 | 13.5 million |
| Q2 2021 | 17.1 million |
| Q3 2021 | 18.9 million |
| Q4 2021 | 18.7 million | Q1 2022 | 17.8 million |
| Q2 2022 | 19.86 million |
| Q3 2022 | 20.31 million |
| Q4 2022 | 20.36 million | Q1 2023 | 19.6 million |
| Q2 2023 | 21.5 million |
| Q3 2023 | 22.4 million |
| Q4 2023 | 22.4 million | Q1 2024 | 21.9 million |
| Q2 2024 | 23.7 million |
| Q3 2024 | 24.4 million |
Source: Lyft.
Lyft Rides
Lyft had 216.7 million rides in Q3 2024, showing an annual growth of 15.64%
Lyft crossed the 200 million quarterly rides mark in Q2 2024.
Here’s a table with the number of quarterly rides on Lyft since 2022:
| Date | Lyft Rides |
|---|---|
| Q1 2022 | 139.5 million |
| Q2 2022 | 152.1 million |
| Q3 2022 | 155.8 million |
| Q4 2022 | 151.1 million |
| Q1 2023 | 153 million |
| Q2 2023 | 177.9 million |
| Q3 2023 | 187.4 million |
| Q4 2023 | 190.8 million |
| Q1 2024 | 187.7 million |
| Q2 2024 | 295.3 million |
| Q3 2024 | 216.7 million |
Source: Lyft
Lyft Gross Bookings
Lyft brought in $4.11 billion in gross bookings in Q3 2024, showing an annual increase of 15.59%.
Here’s a table with Lyft’s quarterly gross bookings since 2022:
| Date | Lyft Gross Bookings |
|---|---|
| Q1 2022 | $2.69 billion |
| Q2 2022 | $3.09 billion |
| Q3 2022 | $3.08 billion |
| Q4 2022 | $3.19 billion |
| Q1 2023 | $3.05 billion |
| Q2 2023 | $3.45 billion |
| Q3 2023 | $3.55 billion |
| Q4 2023 | $3.72 billion |
| Q1 2024 | $3.69 billion |
| Q2 2024 | $4.02 billion |
| Q3 2024 | $4.11 billion |
Source: Lyft
Lyft Revenue
Lyft generated $4.4 billion in annual revenue in 2023. That’s an increase of 7.32% compared to the previous year.
In the first 9 months of 2024, Lyft brought in $4.24 billion in revenue.
Here’s a table charting Lyft’s annual revenue since 2016:
| Year | Lyft Revenue |
|---|---|
| 2016 | $343.3 million |
| 2017 | $1.06 billion |
| 2018 | $2.16 billion |
| 2019 | $3.61 billion |
| 2020 | $2.36 billion |
| 2021 | $3.21 billion |
| 2022 | $4.1 billion |
| 2023 | $4.4 billion |
| Q1-Q3 2024 | $4.24 billion |
Source: Lyft
Lyft US market share
In March 2024, Lyft had a 24% market share of the US ride-hailing market. Lyft’s market share declined in the past few years from an all-time high market share of 33% in March 2021.
24.48% of American rideshare customers exclusively use Lyft. A further 18.69% use both Uber and Lyft.
Here’s a table charting Lyft’s market share in the US since 2015:
| Date | Lyft US Market Share |
|---|---|
| February 2015 | 7% |
| October 2015 | 10% |
| February 2016 | 14% |
| October 2016 | 14% |
| February 2017 | 19% |
| October 2017 | 25% |
| February 2018 | 26% |
| October 2018 | 28% |
| April 2019 | 29% |
| July 2020 | 30% |
| February 2021 | 32% |
| March 2021 | 33% |
| June 2021 | 32% |
| July 2021 | 31% |
| September 2023 | 26% |
| March 2024 | 24% |
Sources: Statista, Second Measure, Vox, eMarketer
Average Monthly Lyft Customer Spend
According to recent consumer spending data, average monthly sales per Lyft rider reached $95 in March 2024, showing an annual increase of 5%. That’s less than $105 of monthly sales per Uber customer.
Source: Second Measure
How Many Lyft Drivers Are There?
According to company data, Lyft has over 500 thousand weekly active drivers on the platform.
Number of drivers with earnings on Lyft reached 1.3 million in 2023.
Source: Lyft
Lyft Driver Stats
The vast majority of Lyft drivers (91%) work or study alongside their job as a driver.
30% of Lyft drivers use multiple ridesharing platforms as their primary income source. Only 11% rely on the Lyft platform as their main source of earnings.
More than 4 in 10 (41%) Lyft drivers speak a language other than English at home. Women or nonbinary make up 24% of the Lyft driver user base.
Source: Lyft
How many people work at Lyft?
2,945 employees work at Lyft. Headcount has decreased 33.36% since 2022.
Here are the exact numbers:
| Year | Lyft Employees |
|---|---|
| 2018 | 4,791 |
| 2019 | 5,683 |
| 2020 | 4,675 |
| 2021 | 4,453 |
| 2022 | 4,419 |
| 2023 | 2,945 |
Sources: Lyft, H1B Salary Database
Conclusion
You’ve reached the end of my list of Lyft stats for 2024.
That’s it for my collection of key Lyft stats.
Despite the increase in Lyft’s user base, Uber continues to dominate the ridesharing market in the US. It will be interesting to see whether Lyft will be able to grow its market share in the future.