Rideshare Income By The Numbers

 

Last week marked a milestone for me. It was the first week that, after expenses, I earned over $1,000.00 from my transition from cab driver to rideshare driver.

What initiated my drive (excuse the pun) was merely to see if I could earn the same amount of income I was accustomed to making as a cab driver if I put in the hours of driving that I would normally put in a week. Unfortunately, that goal wasn’t met. Even at the high expenses of leasing a cab at $100.00 per day, my previous income was miles away.

Rideshare Income – January 18 – 24

Uber Income Statement

Uber Income Statement Jan. 18-24

Uber Income Statement pt.2

 

 

 

Lyft income statement pt.2

Lyft Income Statement

Lyft Income statement pt.1

$

 

Total amount of Fares

Uber = $637.00

Lyft = $764.20

Tips from Uber = $0.00

Tips from Lyft = $77.00

Bonus from Uber = $0.00

20% Bonus from Lyft = $152.81

Uber Surge = $20.95

Toll Reimbursement = $1.50

Rider cancellation fee from Lyft = $5.00

Total Rideshare Income Collected = $1,658.46


Expenses

Breeze Weekly Car Payment = $195.00

 

Breeze Car Payment

 

Gas Expense = $61.44

Gas Expense

Breeze Mile Overage Fee = $78.60

Breeze Mileage Overcharge

Uber Fees = $131.68

Uber Fee

 

Total Weekly Expenses = $466.72

Net Income (Untaxed) – ($1,658.46 – $466.72) = $1,191.74

Net Income After Taxes – 25% X $1,191.74 = $898.80

 


Trips

Uber = 76

Lyft = 94

Income Per Trip

Uber – $466..66 / 76 Trips = $6.31 per trip

Lyft – $847.62 / 94 Trips = $9.01 per trip

 


Income Per Hour Online

Uber – $466.66 / 34.21 hours = $13.64

Lyft – $847.62 / 50.04 hour = $16.93

 

 


Become A Lyft Driver

2 Comments on "Rideshare Income By The Numbers"

  1. Kyle Kepner | January 27, 2016 at 2:18 pm |

    It says you worked 80 hours so about 11 an hour good job.

Comments are closed.