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Planet Fitness (PLNT) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Planet Fitness (PLNT) Q3 2026 earnings results →
Q3 2026 Revenue up 9% year over year to $360M · 14¢ of every $1 of revenue kept as net profit · operating margin 28.2%
Planet Fitness made $360M in Q3 2026 (+9% Y/Y): Corporate-owned clubs $143M, Franchise $97.8M, Equipment $87.6M. Operating margin 28.2%, net earnings $52.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $360.0M in Q3 2026, up 9% year over year and down 1% from the previous quarter. Corporate-owned clubs was the largest line at 40% of revenue. National advertising fund revenue added $10.4M year over year (up 48%), 35% of the total change.
Operating profit was $101.5M, a 28.2% margin (down 4.2 points year over year). Operating profit fell $5.6M even though revenue rose $29.6M versus Q3 2025, so costs grew faster than sales. Total costs grew 16% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $52.0M, down 12% year over year. The effective tax rate was 27.7%.
Operating cash flow was $110.4M (down 16% year over year), 211% of net earnings. Non-cash charges added back $41.6M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $13.4M. Capital expenditures of $81.5M left free cash flow of $28.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $360M | +9% | 28.2% | $52.0M | $110M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $365M | +7% | 33.9% | $67.4M | $45.9M |
| Q1 2026 | 10-Q | May 7, 2026 | $337M | +22% | 29.3% | $51.8M | $148M |
| Q4 2025 | 10-K | Feb 25, 2026 | $376M | +10% | 28.2% | $60.4M | $109M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $330M | +13% | 32.4% | $58.8M | $131M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $341M | +13% | 30.0% | $58.0M | $44.0M |
| Q1 2025 | 10-Q | May 9, 2025 | $277M | +12% | 28.6% | $41.9M | $134M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Planet Fitness
Planet Fitness, Inc. is a Delaware corporation formed on March 16, 2015. Planet Fitness, Inc. Class A common stock trades on the New York Stock Exchange under the symbol “PLNT.” We are one of the largest and fastest-growing franchisors and operators of fitness centers in the world by number of members and locations, with a highly recognized national brand. Our mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone. Our bright, clean clubs are typically 20,000 square feet, with a large selection of high-quality Planet Fitness-branded cardio, circuit- and strength-training equipment and friendly staff trainers who offer unlimited free fitness instruction to all our members in small groups.
In its own words, from its 10-K, filed Feb 25, 2026.
Planet Fitness against its Services-Membership Sports & Recreation Clubs peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +14%. Operating margin: 28.2% against the peers' median 17.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PLNT Planet Fitness | Q3 2026 | $360M | +9% | 28.2% |
| LTH Life Time Group Holdings | Q3 2026 | $894M | +14% | 17.7% |
| OSW Onespaworld Holdings | Q3 2026 | $277M | +7% | 10.8% |
| PUSA Powerus | Q2 2026 | $708K | +18% | -107.8% |
Source: Planet Fitness 10-Q on SEC EDGAR · CIK 1637207 · Services-Membership Sports & Recreation Clubs
Guidance and outlook
13F: who owns PLNT and who is buying
More on PLNT
- How Planet Fitness makes money: revenue by segment
- Planet Fitness next earnings date and what analysts expect
- Planet Fitness stock forecast, price target and fair value
- Who owns Planet Fitness stock: holders, funds and Congress trades
- Planet Fitness guidance and outlook
- Is Planet Fitness a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Planet Fitness guidance history: guided vs reported
- Planet Fitness operating margin by quarter
- Planet Fitness net income by quarter
- Planet Fitness free cash flow by quarter
- Planet Fitness capital expenditures by quarter
- Planet Fitness Corporate-owned clubs revenue by quarter
- Planet Fitness Franchise revenue by quarter
- Planet Fitness Equipment revenue by quarter