Uber vs Lyft Business Model (2026)
Uber earns most from Mobility (57.0%), while Lyft earns most from US (95.9%). Computed from Uber 10-K FY2025 and Lyft 10-K FY2025.
Last checked 2026-10-18 on the official pages.
Uber
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Mobility | $29,670 million ($29.7 billion) | 57.0% | 10-K FY2025 ↗ |
| Delivery | $17,248 million ($17.2 billion) | 33.2% | 10-K FY2025 ↗ |
| Freight | $5,099 million ($5.1 billion) | 9.8% | 10-K FY2025 ↗ |
| Total revenue | $52,017 million ($52.0 billion) | — | 10-K FY2025 ↗ |
Lyft
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| US | $6,060 million ($6.1 billion) | 95.9% | 10-K FY2025 ↗ |
| Non Us | $256 million | 4.1% | 10-K FY2025 ↗ |
| Total revenue | $6,316 million ($6.3 billion) | — | 10-K FY2025 ↗ |
Shared business models
Company and model pages
Uber: Marketplace
Lyft: Marketplace
Frequently asked questions
How does Uber make money?
Uber makes money mainly from Mobility. Its FY2025 total revenue was $52,017 million ($52.0 billion), with Mobility the biggest disclosed revenue line at $29,670 million ($29.7 billion) and 57.0% of total revenue (computed from the 10-K FY2025). Uber’s delivery platform earns fees from merchants, couriers, and consumers.
How does Lyft make money?
Lyft collects service fees and commissions from drivers using its marketplace. Its FY2025 total revenue was $6,316 million ($6.3 billion), with US the largest reported region at $6,060 million ($6.1 billion) and 95.9% of total revenue (computed from the 10-K FY2025).