Superworth

DraftKings profit margin DKNG

Gross, operating and net profit as a share of revenue over the last twelve months, from 2019.

Net margin, 12 months
−2.7%
Operating margin, 12 months
−2.9%
Net margin on a year earlier
+2.9 pts
Peer median
6.6%

Over the twelve months to Jun 30, 2026, DraftKings kept −2.7% of its revenue as net profit, with an operating margin of −2.9% and a gross margin of 40.5%.

The median for 10 entertainment stocks of a similar size is 6.6%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY20250.1%−0.3%41.3%
FY2024−10.6%−12.8%38.1%
FY2023−21.9%−21.5%37.5%
FY2022−61.5%−67.5%33.8%
FY2021n/an/a38.7%
FY2020n/an/a43.6%
FY2019−35.1%−36.0%67.9%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−2.7%+2.9 pts−2.9%
Q1 FY260.9%+8.9 pts0.6%
Q4 FY250.1%+10.7 pts−0.3%
Q3 FY25−4.9%+4.2 pts−5.6%
Q2 FY25−5.6%+3.8 pts−6.2%
Q1 FY25−8.0%+5.5 pts−10.3%
Q4 FY24−10.6%+11.2 pts−12.8%
Q3 FY24−9.1%+21.3 pts−11.2%
Q2 FY24−9.5%+29.4 pts−11.7%
Q1 FY24−13.5%+37.0 pts−13.2%
Q4 FY23−21.9%+39.6 pts−21.5%
Q3 FY23−30.4%+48.2 pts−29.7%

Against its peers

Companies in Entertainment nearest DraftKings' size, closest first, today.

CompanyProfit margin
DKNGDraftKings−2.7%
WMGWarner Music9.2%
FWONKLiberty Media9.4%
ROKURoku6.8%
FOXAFox9.8%
TKOTKO4.3%
LYVLive Nation Entertainment0.5%
CHDNChurchill Downs13.8%
MTNVail Resorts5.2%
NXSTNexstar Media3.2%
CNKCinemark6.4%
Peer median6.6%

Where DraftKings ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on DraftKings

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.