DraftKings (DKNG) Net Margin (2021 - 2026)
DraftKings (DKNG) posted Net Margin of -4.68% for Q2 2026, down 15.13 percentage points from 10.44% a year earlier and down 5.96 percentage points from the prior quarter.
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Analysis
DraftKings (DKNG) Net Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at DraftKings was -2.68%, up 2.95 percentage points year-over-year; for FY2025, it was 0.06%, up 10.70 percentage points from FY2024.
- Annual Net Margin has increased for five consecutive years, with a five-year change of +200.51 percentage points (FY2020 to FY2025).
- In prior years, DraftKings' Net Margin was -10.64% in FY2024 (+11.24 pp), -21.88% in FY2023 (+39.62 pp), -61.50% in FY2022 (+56.02 pp) and -117.53% in FY2021 (+82.92 pp).
- Quarterly Net Margin has run from a low of -256.10% in Q3 2021 to a high of 10.44% in Q2 2025 over five years.
- On a year-over-year basis, Net Margin increased in six of the last eight quarters, with an average year-over-year change of +3.35 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q3 2022, with a gain of 166.35 percentage points; the weakest was Q2 2026, with a drop of 15.13 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 1.28% (Q1 2026), 6.86% (Q4 2025) and -22.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 1.03% |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | -68.38% |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 9.45% |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -35.27% |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | -22.25% |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 11.92% |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | -0.41% |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | -68.45% |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 16.14% |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 11.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -35.27% |
| Jun 30, 2026 | -4.68% |
| Mar 31, 2026 | 1.28% |
| Dec 31, 2025 | 6.86% |
| Sep 30, 2025 | -22.45% |
| Jun 30, 2025 | 10.44% |
| Mar 31, 2025 | -2.40% |
| Dec 31, 2024 | -9.68% |
| Sep 30, 2024 | -26.81% |
| Jun 30, 2024 | 5.78% |
| Mar 31, 2024 | -12.13% |
| Dec 31, 2023 | -3.63% |
| Sep 30, 2023 | -35.84% |
| Jun 30, 2023 | -8.83% |
| Mar 31, 2023 | -51.60% |
| Dec 31, 2022 | -28.38% |
| Sep 30, 2022 | -89.75% |
| Jun 30, 2022 | -46.57% |
| Mar 31, 2022 | -112.10% |
| Dec 31, 2021 | -68.94% |
API Access
DraftKings Net 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=net-margin&ticker=DKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "DKNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=DKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();