DraftKings (DKNG) Net Margin (2021 - 2026)
DraftKings' (DKNG) quarterly Net Margin came in at 1.01% in Q1 2026, up 341.0% year-on-year from 0.23% in Q1 2025, and down 85.39% on a QoQ basis from 6.88% in Q4 2025.
DraftKings (DKNG) Net Margin (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has 6 years of Net Margin data on file, last reported at 1.01% in Q1 2026.
- On a quarterly basis, Net Margin rose 341.0% year-over-year to 1.01% in Q1 2026; TTM through Mar 2026 was 0.84%, a 880.0% increase from a year earlier, with the FY2025 full-year figure at 0.05%, up 1068.0% from the prior year.
- Net Margin for Q1 2026 stood at 1.01%, down from 6.88% in the prior quarter.
- Over the last five years, Net Margin for DKNG reached as high as 10.45% in Q2 2025 and fell as low as 111.54% in Q1 2022.
- Historically, Net Margin has averaged 25.03% across 5 years, with a median of 12.16% in 2024.
- Across the five-year window, Net Margin surged 16626 bps in 2022 and sank 605 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 28.33% in 2022, then soared by 87 bps to 3.6% in 2023, then slumped by 168 bps to 9.65% in 2024, then surged by 171 bps to 6.88% in 2025, then slumped by 85 bps to 1.01% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 1.01% in Q1 2026, 6.88% in Q4 2025, and 22.59% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | 5.07% |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 1.01% |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | 14.22% |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | 12.52% |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | 7.07% |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 10.73% |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | 4.16% |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | -0.87% |
| 10 | Gambling.com | 58.26 Mn | 42.45 Mn | 39.34 Mn | -57.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.01% |
| Dec 31, 2025 | 6.88% |
| Sep 30, 2025 | -22.59% |
| Jun 30, 2025 | 10.45% |
| Mar 31, 2025 | -2.40% |
| Dec 31, 2024 | -9.65% |
| Sep 30, 2024 | -26.80% |
| Jun 30, 2024 | 5.80% |
| Mar 31, 2024 | -12.16% |
| Dec 31, 2023 | -3.60% |
| Sep 30, 2023 | -35.84% |
| Jun 30, 2023 | -8.79% |
| Mar 31, 2023 | -51.59% |
| Dec 31, 2022 | -28.33% |
| Sep 30, 2022 | -89.74% |
| Jun 30, 2022 | -46.55% |
| Mar 31, 2022 | -111.54% |
| Dec 31, 2021 | -69.63% |
| Sep 30, 2021 | -256.00% |
| Jun 30, 2021 | -102.60% |