• Lyft average gross margin for 2023 was 40.99%, a 8.3% increase from 2022.
• Lyft average gross margin for 2022 was 44.7%, a 5.85% decline from 2021.
• Lyft average gross margin for 2021 was 42.23%, a 1.51% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.