DraftKings (DKNG) Gross Margin (2021 - 2026)

DraftKings (DKNG) reported Gross Margin of 42.32% for Q1 2026, up 222.0% year-over-year from 13.14% in Q1 2025, and up 233.53% quarter-over-quarter from 31.7% in Q4 2025.

DraftKings (DKNG) Gross Margin (2021 - 2026) Analysis & Trends

DraftKings (DKNG) has 6 years of Gross Margin data on file, last reported at 42.32% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 42.32%, up 222.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.23% (down 2915.0% YoY), and the FY2025 annual result was 41.25%, up 314.0% from the prior year.
  • Gross Margin rose to 42.32% in Q1 2026 per DKNG's latest filing, from 31.7% in the prior quarter.
  • Over five years, Gross Margin peaked at 68.97% in Q3 2024 and troughed at 31.7% in Q4 2025.
  • A 5-year average of 34.47% and a median of 39.93% in 2024 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2024 and 2025: Gross Margin soared 3776 bps in 2024, then slumped 7177 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 43.23% in 2022, then declined by 3 bps to 41.78% in 2023, then dropped by 4 bps to 40.07% in 2024, then sank by 179 bps to 31.7% in 2025, then jumped by 234 bps to 42.32% in 2026.
  • Business Quant data shows DKNG's Gross Margin at 42.32% in Q1 2026, 31.7% in Q4 2025, and 31.46% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Flutter Entertainment 17.90 Bn 16.81 Bn 1.84 Bn 42.68%
2 DraftKings 13.03 Bn 12.02 Bn 696.69 Mn 42.32%
3 Churchill Downs 6.18 Bn 6.02 Bn 475.00 Mn 71.64%
4 Rush Street Interactive 2.98 Bn 2.81 Bn 132.17 Mn 35.69%
5 Brightstar Lottery 2.10 Bn 1.86 Bn 553.00 Mn 94.21%
6 Accel Entertainment 1.07 Bn 801.63 Mn 109.94 Mn 31.27%
7 Codere Online Luxembourg 539.90 Mn 470.47 Mn - -
8 Bragg Gaming 273.64 Mn 265.89 Mn 18.22 Mn 56.54%
9 Inspired Entertainment 234.31 Mn 190.81 Mn 54.60 Mn 95.45%
10 High Roller Technologies 50.40 Mn 47.74 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 42.32%
Dec 31, 2025 -31.70%
Sep 30, 2025 31.46%
Jun 30, 2025 43.50%
Mar 31, 2025 40.11%
Dec 31, 2024 40.07%
Sep 30, 2024 68.97%
Jun 30, 2024 39.93%
Mar 31, 2024 39.57%
Dec 31, 2023 41.78%
Sep 30, 2023 31.20%
Jun 30, 2023 41.67%
Mar 31, 2023 32.21%
Dec 31, 2022 43.23%
Sep 30, 2022 25.75%
Jun 30, 2022 32.91%
Mar 31, 2022 22.95%
Dec 31, 2021 80.75%
Sep 30, 2021 19.77%
Jun 30, 2021 37.16%