DraftKings (DKNG) Operating Expenses (2021 - 2026)
DraftKings' (DKNG) quarterly Operating Expenses came in at $492.0 million in Q2 2026, up 23.34% year-over-year from $398.9 million in Q2 2025, and down 13.33% quarter-over-quarter from $567.7 million in Q1 2026.
Analysis
DraftKings (DKNG) Operating Expenses (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Operating Expenses for 6 consecutive years, with $492.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 23.34% year-over-year to $492.0 million in Q2 2026; TTM through Jun 2026 was $2.2 billion, a 8.13% increase from a year earlier, with the FY2025 full-year figure at $2.1 billion, up 1.21% from the prior year.
- Operating Expenses was $492.0 million for Q2 2026 at DraftKings, down from $567.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $629.4 million in Q4 2025 and troughed at $343.7 million in Q2 2023.
- A 5-year average of $494.4 million and a median of $511.5 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 35.3% in 2022 and dropped 12.58% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $518.5 million in 2022, then decreased by 9.39% to $469.9 million in 2023, then rose by 24.56% to $585.2 million in 2024, then rose by 7.54% to $629.4 million in 2025, then decreased by 21.83% to $492.0 million in 2026.
- The last three Operating Expenses figures came in at $492.0 million (Q2 2026), $567.7 million (Q1 2026), and $629.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DraftKings | 21.34 Bn | 20.35 Bn | 551.45 Mn | 491.98 Mn |
| 2 | Flutter Entertainment | 17.38 Bn | 16.20 Bn | 1.71 Bn | 1.56 Bn |
| 3 | Super Group (SGHC) | 7.08 Bn | 6.53 Bn | - | -513.00 Mn |
| 4 | Rush Street Interactive | 6.18 Bn | 6.00 Bn | 139.66 Mn | 347.55 Mn |
| 5 | Codere Online Luxembourg | 412.23 Mn | 342.98 Mn | - | - |
| 6 | Meridian Holdings | 171.67 Mn | 155.85 Mn | 26.85 Mn | 24.41 Mn |
| 7 | High Roller Technologies | 54.90 Mn | 52.24 Mn | - | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 | 2.09 Mn |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - | 437,119.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 491.98 Mn |
| Mar 31, 2026 | 567.67 Mn |
| Dec 31, 2025 | 629.37 Mn |
| Sep 30, 2025 | 517.15 Mn |
| Jun 30, 2025 | 398.89 Mn |
| Mar 31, 2025 | 508.07 Mn |
| Dec 31, 2024 | 585.24 Mn |
| Sep 30, 2024 | 548.07 Mn |
| Jun 30, 2024 | 380.76 Mn |
| Mar 31, 2024 | 514.95 Mn |
| Dec 31, 2023 | 469.85 Mn |
| Sep 30, 2023 | 444.08 Mn |
| Jun 30, 2023 | 343.74 Mn |
| Mar 31, 2023 | 549.61 Mn |
| Dec 31, 2022 | 518.53 Mn |
| Sep 30, 2022 | 507.98 Mn |
| Jun 30, 2022 | 385.14 Mn |
| Mar 31, 2022 | 538.06 Mn |
| Dec 31, 2021 | 519.26 Mn |
| Sep 30, 2021 | 523.36 Mn |