Xponential Fitness (XPOF) Gross Margin (2020 - 2026)
Xponential Fitness (XPOF) reported Gross Margin of 85.18% for Q2 2026, up 4.15 percentage points from 81.03% a year earlier but down 3.47 percentage points from the prior quarter.
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Analysis
Xponential Fitness (XPOF) Gross Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Xponential Fitness' Gross Margin came in at 82.36%, up 5.22 percentage points year-over-year; for FY2025, it was 79.44%, up 4.81 percentage points from FY2024.
- Gross Margin has a five-year change of +11.45 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 74.63% in FY2024 (-1.37 pp), 76.00% in FY2023 (-4.90 pp), 80.90% in FY2022 (+7.51 pp) and 73.39% in FY2021 (+5.40 pp).
- Five-year quarterly Gross Margin spans a low of 69.67% in Q2 2022 and a high of 103.01% in Q4 2022.
- Year over year, Gross Margin has now increased in each of the last seven quarters, with an average year-over-year change of +3.61 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2022 (a gain of 30.13 percentage points); the low point was Q4 2023 (a drop of 29.88 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 88.65% (Q1 2026), 79.60% (Q4 2025) and 78.06% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 46.92% |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | 38.21% |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | 39.60% |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | 42.77% |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 47.61% |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | 40.87% |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 44.47% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | 50.08% |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | - |
| 10 | Xponential Fitness | 185.24 Mn | -3.21 Mn | 56.19 Mn | 85.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 85.18% |
| Mar 31, 2026 | 88.65% |
| Dec 31, 2025 | 79.60% |
| Sep 30, 2025 | 78.06% |
| Jun 30, 2025 | 81.03% |
| Mar 31, 2025 | 79.10% |
| Dec 31, 2024 | 76.27% |
| Sep 30, 2024 | 72.49% |
| Jun 30, 2024 | 74.30% |
| Mar 31, 2024 | 75.39% |
| Dec 31, 2023 | 73.13% |
| Sep 30, 2023 | 79.77% |
| Jun 30, 2023 | 76.81% |
| Mar 31, 2023 | 74.44% |
| Dec 31, 2022 | 103.01% |
| Sep 30, 2022 | 73.89% |
| Jun 30, 2022 | 69.67% |
| Mar 31, 2022 | 72.55% |
| Dec 31, 2021 | 72.88% |
| Sep 30, 2021 | 73.55% |
API Access
Xponential Fitness Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=XPOF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "XPOF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=XPOF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();