Filing Flows › Planet Fitness (PLNT) › Q3 2026 › vs Q2 2026
Planet Fitness (PLNT) Q3 2026 vs Q2 2026 (quarter over quarter)
Planet Fitness's revenue fell $5.2M (-1%) from $365M in Q2 2026 to $360M in Q3 2026. The biggest changes: Franchise −$5.0M (-5%); Equipment +$2.0M (+2%); Corporate-owned clubs −$1.1M (-0.8%). Operating margin 28.2% against 33.9% (-5.7 pts).
Planet Fitness, Q3 2026: revenue $360M (+9% year over year), operating margin 28.2%, net earnings $52.0M, operating cash flow $110M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 28.2% | 33.9% | -5.7 pts |
| Net margin | 14.4% | 18.4% | -3.9 pts |
| Free cash flow margin | 8.0% | 1.1% | +6.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Corporate-owned clubs | $143M | $144M | −$1.1M | -0.8% |
| Franchise | $97.8M | $103M | −$5.0M | -5% |
| Equipment | $87.6M | $85.6M | $2.0M | +2% |
| National advertising fund revenue | $31.8M | $32.9M | −$1.1M | -3% |
| Revenue | $360M | $365M | −$5.2M | -1% |
| Operating profit | $101M | $124M | −$22.3M | -18% |
| Costs & expenses | $258M | $241M | $17.1M | +7% |
| Pre-tax earnings | $72.2M | $96.1M | −$23.9M | -25% |
| Other expense, net | $29.3M | $27.7M | $1.6M | +6% |
| Cost of revenue | $65.4M | $64.5M | $875K | +1% |
| SG&A | $34.9M | $34.4M | $533K | +2% |
| Other operating costs | $158M | $143M | $15.7M | +11% |
| Net earnings | $52.0M | $67.1M | −$15.1M | -22% |
| Minority interests | $246K | $322K | −$76K | -24% |
| Income tax | $20.0M | $28.5M | −$8.5M | -30% |
| Depreciation & amortization | $41.6M | $40.1M | $1.4M | +4% |
| Share-based compensation | $3.2M | $3.3M | −$49K | -1% |
| Working capital & other | $13.6M | −$64.6M | $78.2M | — |
| Operating cash flow | $110M | $45.9M | $64.5M | +140% |
| Free cash flow (OCF − capex) | $28.9M | $4.0M | $24.9M | +622% |
| Capital expenditures | $81.5M | $41.9M | $39.6M | +94% |
Questions
How much did Planet Fitness's revenue grow quarter over quarter in Q3 2026?
Planet Fitness's revenue fell $5.2M (-1%) from $365M in Q2 2026 to $360M in Q3 2026.
What drove Planet Fitness's revenue change in Q3 2026?
Franchise −$5.0M (-5%); Equipment +$2.0M (+2%); Corporate-owned clubs −$1.1M (-0.8%).