DraftKings (DKNG) Operating Margin (2021 - 2026)
DraftKings (DKNG) posted quarterly Operating Margin of 0.36% for Q1 2026, up 364.0% year-over-year from 0.08% in Q1 2025, and down 95.34% quarter-over-quarter from 7.63% in Q4 2025.
DraftKings (DKNG) Operating Margin (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Operating Margin for 6 consecutive years, with 0.36% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 364.0% year-over-year to 0.36%; the TTM figure through Mar 2026 stood at 0.58% (up 1090.0% YoY), while the FY2025 annual figure was 0.26%, up 1251.0% from the prior year.
- Operating Margin slipped to 0.36% in Q1 2026 per DKNG's latest filing, from 7.63% in the prior quarter.
- Across five years, Operating Margin topped out at 9.96% in Q2 2025 and bottomed at 123.58% in Q1 2022.
- Historically, Operating Margin has averaged 27.48% across 5 years, with a median of 11.82% in 2024.
- On a YoY basis, Operating Margin climbed as much as 16614 bps in 2022 and fell as far as 1957 bps in 2022.
- DraftKings' Operating Margin stood at 27.16% in 2022, then soared by 87 bps to 3.56% in 2023, then tumbled by 181 bps to 9.99% in 2024, then surged by 176 bps to 7.63% in 2025, then slumped by 95 bps to 0.36% in 2026.
- Business Quant data shows DKNG's Operating Margin at 0.36% in Q1 2026, 7.63% in Q4 2025, and 23.77% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.97 Bn | 16.40 Bn | 1.71 Bn | -3.33% |
| 2 | DraftKings | 12.74 Bn | 11.75 Bn | 551.45 Mn | -4.72% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | - |
| 4 | Churchill Downs | 6.50 Bn | 6.30 Bn | 712.00 Mn | 36.43% |
| 5 | Rush Street Interactive | 2.80 Bn | 2.46 Bn | 139.66 Mn | 11.74% |
| 6 | Brightstar Lottery | 2.25 Bn | 977.53 Mn | 297.00 Mn | 40.37% |
| 7 | Accel Entertainment | 971.34 Mn | 715.89 Mn | 115.51 Mn | 8.71% |
| 8 | Codere Online Luxembourg | 415.01 Mn | 345.58 Mn | - | - |
| 9 | Inspired Entertainment | 173.74 Mn | 149.34 Mn | 52.10 Mn | 16.28% |
| 10 | Grandstand | 71.00 Mn | 62.20 Mn | 31.83 Mn | -3.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.72% |
| Mar 31, 2026 | 0.36% |
| Dec 31, 2025 | 7.63% |
| Sep 30, 2025 | -23.77% |
| Jun 30, 2025 | 9.96% |
| Mar 31, 2025 | -3.29% |
| Dec 31, 2024 | -9.99% |
| Sep 30, 2024 | -27.26% |
| Jun 30, 2024 | -2.93% |
| Mar 31, 2024 | -11.82% |
| Dec 31, 2023 | -3.56% |
| Sep 30, 2023 | -36.28% |
| Jun 30, 2023 | -7.89% |
| Mar 31, 2023 | -50.64% |
| Dec 31, 2022 | -27.16% |
| Sep 30, 2022 | -90.65% |
| Jun 30, 2022 | -66.27% |
| Mar 31, 2022 | -123.58% |
| Dec 31, 2021 | -77.91% |
| Sep 30, 2021 | -256.80% |