Filing Flows › Penn Entertainment (PENN) › Q2 2026 › vs Q2 2025
Penn Entertainment (PENN) Q2 2026 vs Q2 2025 (year over year)
Penn Entertainment's revenue rose $92.4M (+5%) from $1.8B in Q2 2025 to $1.9B in Q2 2026. The biggest changes: Food, beverage, hotel, and other +$63.5M (+16%); Gaming +$28.9M (+2%). Operating margin 7.1% against 4.4% (+2.7 pts).
Penn Entertainment, Q2 2026: revenue $1.9B (+5% year over year), operating margin 7.1%, net earnings $32.6M, operating cash flow $241M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 7.1% | 4.4% | +2.7 pts |
| Net margin | 1.8% | -1.0% | +2.8 pts |
| Free cash flow margin | 7.7% | 1.1% | +6.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Other | $271M | $217M | $54.0M | +25% |
| Food and beverage | $117M | $114M | $2.9M | +3% |
| Hotel | $72.8M | $66.2M | $6.6M | +10% |
| Food, beverage, hotel, and other | $461M | $397M | $63.5M | +16% |
| Gaming | $1.4B | $1.4B | $28.9M | +2% |
| Revenue | $1.9B | $1.8B | $92.4M | +5% |
| Operating profit | $132M | $77.5M | $54.2M | +70% |
| Costs & expenses | $1.7B | $1.7B | $38.2M | +2% |
| Pre-tax earnings | $39.7M | −$11.9M | $51.6M | — |
| Other expense, net | $92.0M | $89.4M | $2.6M | +3% |
| Sales & marketing | $42.8M | $85.5M | −$42.7M | -50% |
| General & admin | $441M | $410M | $30.7M | +7% |
| Other operating costs | $1.2B | $1.2B | $50.2M | +4% |
| Net earnings | $32.6M | −$18.3M | $50.9M | — |
| Income tax | $7.1M | $6.4M | $700K | +11% |
| Depreciation & amortization | $118M | $110M | $7.3M | +7% |
| Share-based compensation | $17.4M | $16.1M | $1.3M | +8% |
| Working capital & other | $72.9M | $69.9M | $3.0M | +4% |
| Operating cash flow | $241M | $178M | $62.5M | +35% |
| Free cash flow (OCF − capex) | $143M | $18.8M | $124M | +662% |
| Capital expenditures | $97.4M | $159M | −$62.0M | -39% |
Questions
How much did Penn Entertainment's revenue grow year over year in Q2 2026?
Penn Entertainment's revenue rose $92.4M (+5%) from $1.8B in Q2 2025 to $1.9B in Q2 2026.
What drove Penn Entertainment's revenue change in Q2 2026?
Food, beverage, hotel, and other +$63.5M (+16%); Gaming +$28.9M (+2%).