DraftKings (DKNG) Net Margin (2021 - 2026)
DraftKings (DKNG) posted quarterly Net Margin of 1.01% for Q1 2026, up 341.0% year-over-year from 0.23% in Q1 2025, and down 85.39% quarter-over-quarter from 6.88% in Q4 2025.
DraftKings (DKNG) Net Margin (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Net Margin for 6 consecutive years, with 1.01% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 341.0% year-over-year to 1.01%; the TTM figure through Mar 2026 stood at 0.84% (up 880.0% YoY), while the FY2025 annual figure was 0.05%, up 1068.0% from the prior year.
- Net Margin retreated to 1.01% in Q1 2026 per DKNG's latest filing, from 6.88% in the prior quarter.
- Across five years, Net Margin topped out at 10.45% in Q2 2025 and bottomed at 111.54% in Q1 2022.
- Historically, Net Margin has averaged 25.03% across 5 years, with a median of 12.16% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin jumped 16626 bps — and 2024, when it tumbled 605 bps.
- DraftKings' Net Margin stood at 28.33% in 2022, then jumped by 87 bps to 3.6% in 2023, then slumped by 168 bps to 9.65% in 2024, then soared by 171 bps to 6.88% in 2025, then slumped by 85 bps to 1.01% in 2026.
- Business Quant data shows DKNG's Net Margin at 1.01% in Q1 2026, 6.88% in Q4 2025, and 22.59% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.78 Bn | 16.21 Bn | 1.71 Bn | -6.33% |
| 2 | DraftKings | 12.65 Bn | 11.65 Bn | 551.45 Mn | -4.85% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | 14.22% |
| 4 | Churchill Downs | 6.52 Bn | 6.32 Bn | 712.00 Mn | 24.69% |
| 5 | Rush Street Interactive | 2.79 Bn | 2.45 Bn | 139.66 Mn | 7.43% |
| 6 | Brightstar Lottery | 2.22 Bn | 945.91 Mn | 297.00 Mn | 10.73% |
| 7 | Accel Entertainment | 960.68 Mn | 705.23 Mn | 115.51 Mn | 3.39% |
| 8 | Codere Online Luxembourg | 410.87 Mn | 341.44 Mn | - | - |
| 9 | Inspired Entertainment | 171.86 Mn | 147.46 Mn | 52.10 Mn | 0.33% |
| 10 | Galaxy Gaming | 73.69 Mn | 68.93 Mn | 7.86 Mn | 12.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.85% |
| 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% |