DraftKings DKNG
NASDAQ DKNG
$23.66 -0.21 (-0.88%)
At close: Sep 9, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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