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Calculating How Much Uber Takes from Drivers

Have you ever wondered how much Uber makes from drivers? It’s difficult to know exactly how much Uber makes in profit vs. drivers’ profits, but senior RSG contributor Will Preston tackles this challenging question and shares his analysis below.

I made a little over $200 driving 400 miles last weekend in about 12 hours of driving. But the question I wanted to answer is how much did I actually make – and how much did Uber make – after we take all expenses into consideration.

New Lyft Driver - Earn 1500:week

How much Uber makes from you will depend on when and where you drive, and how much you make in tips will also factor in to your calculations. For the purposes of this article, I’ll break down some key concepts to understand before getting into the spreadsheet I created to determine how much money Uber makes off of my driving. I’ve included a copy of the spreadsheet for you to run your numbers as well – let us know what you come up with in the comments.

Have you ever wondered how much Uber makes from drivers? It’s difficult to know exactly how much Uber makes in profit vs. drivers’ profits, but senior RSG contributor Will Preston tackles this challenging question and shares his analysis below.

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4 New Updates from Uber and Lyft

In certain markets, Uber and Lyft have been making changes from driver pay to how surge pricing is shown to drivers. If you’re in one of those markets, you may have noticed the changes. If not, the changes may be rolling out soon to you! Today, senior RSG contributor Christian Perea gives us an update on all the changes Uber and Lyft are making.

There have been a slew of updates and tests from Uber and Lyft over the last several weeks ranging from a pay raise for some drivers to new Prime Time. Some of these updates are live in only a few markets, but it’s a good bet that some of them will be rolled out soon to a market near you.

Below, I’ll share a roundup all of the biggest updates over the last several weeks.

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How Can Drivers Get Maximum Value for Themselves?

A common theme among drivers is we’re not (usually) paid a fair compensation rate for the work we do. However, we’re all on the same playing field… right? Senior RSG contributor Jay Cradeur recently found out a discrepancy in how Uber and Lyft pay drivers, and how these different types of pay can be leveraged by drivers to drive smarter, not harder.

Have you noticed that whenever you call in to either Lyft or Uber’s Customer Support, they always say things like “Hey Jay, thanks for being one of our best drivers.” Or they say “We sure do appreciate your professionalism.”

You get the point.  For the past two years, I actually believed these platitudes were sincere.  Perhaps I tend to be trusting, and therefore I am more inclined to be duped.

A common theme among drivers is we’re not (usually) paid a fair compensation rate for the work we do. However, we’re all on the same playing field… right? Senior RSG contributor Jay Cradeur recently found out a discrepancy in how Uber and Lyft pay drivers, and how these different types of pay can be leveraged by drivers to drive smarter, not harder.

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Uber Raising Rates for Riders but Not Drivers

Uber recently announced it would be raising rates on passengers in certain markets, which made us curious: would drivers see a corresponding increase? Senior RSG contributor Christian Perea breaks the latest news and what it means for drivers.

Last Friday, Uber informed drivers in Louisiana and Florida that they were going to be raising prices for passengers – but rates for drivers would remain the same.

Fortunately, UberMan was around for the Friday bad-news-dump and got this excellent video out for drivers.

It turns out that most drivers saw a very teeny-tiny, slight increase in their pay. Usually of about a penny per mile or minute!

Uber recently announced it would be raising rates on passengers in certain markets, which made us curious: would drivers see a corresponding increase? Senior RSG contributor Christian Perea breaks the latest news and what it means for drivers.

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Do Uber and Lyft Drivers Really Only Make $3.37 per hour?

Last week, an MIT study came out making the salacious claim that rideshare drivers were earning a profit of just $3.37 per hour. The study was quickly refuted by Uber and Lyft, and my first impression was that the number seemed too low.  And I should know because the MIT study used the same dataset from my 2017 survey of 1,150 drivers.  Uber’s CEO wasn’t too happy about the study either:

Thanks for the shout-out Dara, but this tweet seemed a little out of character for Uber’s new CEO. Not sure if Travis Kalanick got a hold of his Twitter account, but Uber doesn’t have the greatest track record when it comes to drivers and earnings claims. And while Khosrowshahi actually had a valid point, the way he expressed his dismay was not becoming of the new image he’s been working hard to build. So what’s going on with this study and how much do rideshare drivers really earn after expenses?

Last week, an MIT study came out making the salacious claim that rideshare drivers were earning a profit of just $3.37 per hour. The study was quickly refuted by Uber and Lyft, and my first impression was that the number seemed too low. What's going on with this study?

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