2025 Taxi Cab Service Industry Report

Industry Overview

This industry comprises establishments primarily engaged in providing passenger transportation by automobile or van, not operated over regular routes and on regular schedules. Establishments of taxicab owner/operators, taxicab fleet operators, or taxicab organizations are included in this industry.
Source: U.S. Census Bureau

Market Size and Industry Forecast

The Taxi Cab Service industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Taxi Cab Service industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Taxi Cab Service companies in the United States.

Distribution by Company Size

Company Size	All Industries	Taxi Cab Service
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Taxi Cab Service Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Taxi Cab Service Industry Product Mix

Product Description	Description	Revenue ($ Millions)
Industry total
Local passenger transportation by road, except fixed-route
Local taxi service
Taxicab services
Special needs trans serv, including paratransit, senior citizen
Long-distance passenger transportation by road, except fixed-route
Long-distance pass trans by road, except fixed-route, other vehicles
Transit & ground passenger transportation related services
Local passenger trans by limousines and similar luxury vehicles
Trans & ground pass trans - sales of fuels and lubricants

Taxi Cab Service Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	2%
General and Operations Managers	2%
Office and Administrative Support Occupations	23%
Material Recording, Scheduling, Dispatching, and Distributing Workers	12%
Dispatchers	12%
Dispatchers, Except Police, Fire, and Ambulance	12%
Transportation and Material Moving Occupations	69%
Motor Vehicle Operators	66%
Taxi Drivers and Chauffeurs	64%
Taxi Drivers and Chauffeurs	64%

Government Contracts

The federal government spent an annual total of $2,328,241 on the taxi cab service industry. It has awarded 345 contracts to 30 companies, with an average value of $77,608 per company.

Top Companies in Taxi Cab Service and Adjacent Industries

Company	Address	Revenue ($ Millions)