How do I calculate profit on a limo trip?
Add trip revenue and gratuity, then subtract driver pay, fuel, parking, tolls, affiliate or vendor charges, and other direct costs.
Free limo business tool
Limo Trip Profit Calculator
Trip profit equals fare plus gratuity received, minus trip costs. Profit margin equals trip profit divided by total revenue, multiplied by 100. Include gratuity paid to the driver in costs. This is a trip estimate; include allocated overhead to estimate profit after overhead.
Free to use. No sign-up required to calculate. All amounts are in USD.
Calculate your trip profit
Worked example: a $600 limo booking
Illustrative example, not an industry benchmark: a $600 fare plus $90 gratuity produces $690 in revenue. Driver pay of $180, gratuity paid to the driver of $90, fuel of $45, parking and tolls of $25, and other trip costs of $20 total $360.
- Trip profit before overhead
- $690 − $360 = $330
- Trip margin before overhead
- $330 ÷ $690 × 100 = 47.8%
Enter $270 under Driver pay in this example so the driver’s gratuity is counted once. Add allocated insurance, vehicle depreciation, and office overhead under Other cost if you want them included.
Check these costs before sending a quote
- Driver time for the pickup, waiting, service, and return journey.
- Fuel and tolls for both passenger travel and empty return mileage.
- Affiliate charges, parking, and any gratuity passed on to the driver.
- Allocated overhead when comparing the estimate with a profit target.
Frequently asked questions
Does this include business overhead?
Only when you add allocated insurance, depreciation, or other overhead under Other cost.
Is gratuity revenue or cost?
The calculator treats gratuity received as income. Add any amount paid through to a driver as a cost.
Is trip profit the same as the unpaid customer balance?
No. Trip profit compares revenue with costs. The unpaid customer balance is the total amount owed, including applicable gratuity, minus customer payments. Receiving a payment reduces that balance; it does not create a second sale.
Is this calculator free?
Yes. You can calculate a trip without signing up. Saving a trip into ReceAI requires an account and access to Daytime. Review workspace plans before choosing a subscription.
See ReceAI pricing or explore solutions.