Bally's (BALY) Gross Margin (2018 - 2026)
Bally's' Gross Margin came in at 49.46% for Q2 2026, down 6.43 percentage points from 55.89% a year earlier and down 3.37 percentage points from the prior quarter.
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Analysis
Bally's (BALY) Gross Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Bally's reported Gross Margin of 52.69%, down 2.30 percentage points year-over-year; for FY2025, it came in at 55.04%, up 0.87 percentage points from FY2024.
- Gross Margin carries a five-year change of -7.76 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 54.17% in FY2024 (-0.71 pp), 54.87% in FY2023 (-0.38 pp), 55.26% in FY2022 (-4.28 pp) and 59.54% in FY2021 (-3.26 pp).
- The Q2 2026 figure represents the lowest quarterly Gross Margin in data going back to Q1 2018.
- Year-over-year, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of -0.78 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2022 (a gain of 4.56 percentage points), and the weakest in Q1 2022 (a drop of 12.85 percentage points).
- Business Quant data shows BALY's Gross Margin at 52.83% (Q1 2026), 53.00% (Q4 2025) and 56.02% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 45.62% |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | 39.18% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 46.89% |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | 38.21% |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 38.79% |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 41.16% |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 42.77% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 75.61% |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 29.74% |
| 10 | Bally's | 705.24 Mn | -1.20 Bn | 391.85 Mn | 49.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.46% |
| Mar 31, 2026 | 52.83% |
| Dec 31, 2025 | 53.00% |
| Sep 30, 2025 | 56.02% |
| Jun 30, 2025 | 55.89% |
| Mar 31, 2025 | 55.89% |
| Dec 31, 2024 | 53.86% |
| Sep 30, 2024 | 54.56% |
| Jun 30, 2024 | 54.17% |
| Mar 31, 2024 | 54.04% |
| Dec 31, 2023 | 54.75% |
| Sep 30, 2023 | 54.60% |
| Jun 30, 2023 | 55.26% |
| Mar 31, 2023 | 54.90% |
| Dec 31, 2022 | 56.95% |
| Sep 30, 2022 | 56.65% |
| Jun 30, 2022 | 54.67% |
| Mar 31, 2022 | 52.61% |
| Dec 31, 2021 | 52.39% |
| Sep 30, 2021 | 62.50% |
API Access
Bally's Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BALY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BALY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BALY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();