Xponential Fitness (XPOF) Operating Margin (2020 - 2026)
Xponential Fitness (XPOF) posted Operating Margin of 14.42% for Q2 2026, down 5.03 percentage points from 19.45% a year earlier and down 7.06 percentage points from the prior quarter.
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Analysis
Xponential Fitness (XPOF) Operating Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Xponential Fitness was 6.21%, up 16.94 percentage points year-over-year; for FY2025, it came in at 6.30%, up 23.04 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -1.01 percentage points (FY2020 to FY2025).
- In prior years, Xponential Fitness' Operating Margin was -16.74% in FY2024 (-27.72 pp), 10.98% in FY2023 (+5.50 pp), 5.48% in FY2022 (+25.35 pp) and -19.87% in FY2021 (-27.19 pp).
- Quarterly Operating Margin has run from a low of -62.38% in Q4 2024 to a high of 60.68% in Q2 2022 over five years.
- On a year-over-year basis, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +2.16 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q2 2022, with a gain of 61.78 percentage points; the weakest was Q4 2024, with a drop of 60.35 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 21.48% (Q1 2026), -9.91% (Q4 2025) and 4.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 19.59% |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | -4.72% |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | -3.33% |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | 11.53% |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 17.29% |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | 16.03% |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 11.32% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | 17.14% |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | - |
| 10 | Xponential Fitness | 185.24 Mn | -3.21 Mn | 56.19 Mn | 14.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.42% |
| Mar 31, 2026 | 21.48% |
| Dec 31, 2025 | -9.91% |
| Sep 30, 2025 | 4.52% |
| Jun 30, 2025 | 19.45% |
| Mar 31, 2025 | 12.59% |
| Dec 31, 2024 | -62.38% |
| Sep 30, 2024 | -8.20% |
| Jun 30, 2024 | -4.02% |
| Mar 31, 2024 | 10.03% |
| Dec 31, 2023 | -2.03% |
| Sep 30, 2023 | 9.30% |
| Jun 30, 2023 | 47.13% |
| Mar 31, 2023 | -10.20% |
| Dec 31, 2022 | 3.44% |
| Sep 30, 2022 | -16.36% |
| Jun 30, 2022 | 60.68% |
| Mar 31, 2022 | -29.34% |
| Dec 31, 2021 | -54.52% |
| Sep 30, 2021 | -8.05% |
API Access
Xponential Fitness Operating 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=operating-margin&ticker=XPOF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=XPOF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();