Planet Fitness (PLNT) Q3 FY2026 earnings: revenue $360 million, up 9.0% on the year

Planet Fitness, Inc. (PLNT) reported revenue of $360 million for Q3 FY2026, the quarter ended 30 September 2026, up 9.0% on the same quarter a year earlier. Net income was $52 million, down 11.6% on the year, and diluted earnings per share $0.70. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$360 million

+9.0% on the year · -1.4% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

28.2%

32.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

$52 million

-11.6% on the year · -22.5% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.70

0.0% on the year · -19.5% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 raised, 2 lowered, 1 narrowed, 1 new, 4 kept.

Revenue rose 9.0% to $360.0 million: Total revenue was $360.0 million, up $29.6 million from $330.3 million a year earlier, with increases in franchise, corporate-owned clubs and equipment.
Adjusted net income fell, per share rose: Adjusted net income decreased $5.1 million to $61.9 million, or $0.83 per diluted share, compared with $0.80 a year earlier.
Adjusted EBITDA rose to $146.2 million: Adjusted EBITDA increased $5.4 million to $146.2 million from $140.8 million in the prior year period.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	360	365	330	-1.4%	+9.0%
Cost of revenue	65.4	64.5	58.2	+1.4%	+12.4%
Gross profit	295	301	272	-2.0%	+8.2%
Gross margin	81.8%	82.3%	82.4%
Selling, general and administrative	34.9	34.4	30.5	+1.5%	+14.5%
Operating income	101	124	107	-18.0%	-5.2%
Operating margin	28.2%	33.9%	32.4%
Interest expense	34.1	33.4	26.3	+2.2%	+29.6%
Pre-tax income	72.8	96.1	87.7	-24.2%	-17.0%
Income tax	20.0	28.5	28.0	-29.9%	-28.6%
Effective tax rate	27.4%	29.7%	31.9%
Net income	52.0	67.1	58.8	-22.5%	-11.6%
Net margin	14.4%	18.4%	17.8%
Diluted EPS	$0.70	$0.87	$0.70	-19.5%	0.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	110	45.9	131	+140.5%	-16.0%
Capital expenditure	81.5	41.9	54.8	+94.4%	+48.8%
Free cash flow	28.9	4.0	76.7	+622.3%	-62.3%
Free cash flow margin	8.0%	1.1%	23.2%
Cash from investing	-40.7	4.6	-35.1
Cash from financing	-57.5	-136	-103
Depreciation and amortisation	41.6	40.1	39.1	+3.6%	+6.3%
Share-based compensation	3.2	3.3	3.0	-1.5%	+8.2%
Buybacks	51.2	200	97.9	-74.4%	-47.7%
Diluted shares, weighted	75m	77m	84m	-3.1%	-10.7%
Shares outstanding at period end	75m	76m	83m	-1.3%	-10.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	-609	-613	-195
Non-controlling interest	-1.8	-2.0	0.4
Debt	2,544	2,549	2,158	-0.2%	+17.9%
Operating lease liabilities	510	416	418	+22.6%	+22.0%
Finance lease liabilities	0.6	0.7	0.7	-7.4%	-8.5%
Other liabilities	654	654	677	-0.0%	-3.3%
Total liabilities and equity	3,098	3,005	3,058	+3.1%	+1.3%
Goodwill	712	712	711	-0.0%	+0.2%
Intangible assets	262	270	296	-3.0%	-11.2%
Investments	132	173	193	-23.7%	-31.4%
Cash and equivalents	310	298	329	+4.0%	-5.7%
Receivables	73.6	65.6	70.4	+12.1%	+4.5%
Inventory	8.1	9.2	7.0	-12.1%	+16.1%
Other assets	1,599	1,476	1,453	+8.4%	+10.1%
Total assets	3,098	3,005	3,058	+3.1%	+1.3%

Questions

What was Planet Fitness' revenue in Q3 FY2026?

Planet Fitness (PLNT) reported revenue of $360 million for Q3 FY2026, the quarter ended 30 September 2026, up 9.0% on the same quarter a year earlier.

How much did Planet Fitness earn in Q3 FY2026?

Net income for Q3 FY2026 was $52 million, down 11.6% on the year, and diluted earnings per share $0.70.

When did Planet Fitness report Q3 FY2026 results?

Planet Fitness filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	184	187	224	244	281	222	286	278	285	248	301	292	340	277	341	330	376	337	365	360
Cost of revenue	47.4	22.4	32.5	48.5	73.8	19.4	59.5	53.8	57.5	19.0	51.9	45.7	80.5	22.5	59.4	58.2	90.2	45.3	64.5	65.4
Gross profit	136	164	192	196	208	203	227	224	228	229	249	247	260	254	281	272	286	292	301	295
Gross margin	74%	88%	86%	80%	74%	91%	79%	81%	80%	92%	83%	84%	76%	92%	83%	82%	76%	87%	82%	82%
SG&A	27.3	30.8	28.2	27.1	28.7	27.8	32.6	33.3	31.2	29.2	31.6	32.6	35.7	34.3	35.5	30.5	37.3	34.1	34.4	34.9
Operating income	29.2	48.7	55.1	61.9	64.4	52.2	77.0	72.4	71.4	65.8	87.4	81.3	89.7	79.2	102	107	106	98.7	124	101
Operating margin	16%	26%	25%	25%	23%	23%	27%	26%	25%	27%	29%	28%	26%	29%	30%	32%	28%	29%	34%	28%
Interest expense	20.5	22.6	22.0	21.9	22.1	21.6	21.5	21.7	21.8	21.4	24.5	26.6	27.5	26.2	26.2	26.3	29.5	33.0	33.4	34.1
Pre-tax income	-2.9	30.3	33.7	46.3	51.0	34.6	60.1	55.0	57.8	50.5	69.5	59.7	67.0	59.1	83.9	87.7	78.3	72.0	96.1	72.8
Tax rate	n/a	39%	25%	34%	29%	28%	26%	24%	34%	28%	27%	28%	28%	27%	30%	32%	21%	27%	30%	27%
Net income	5.7	16.5	22.3	26.9	33.7	22.7	41.1	39.1	35.3	34.3	48.6	42.0	47.1	41.9	58.0	58.8	60.4	51.6	67.1	52.0
Net margin	3%	9%	10%	11%	12%	10%	14%	14%	12%	14%	16%	14%	14%	15%	17%	18%	16%	15%	18%	14%
Diluted EPS	$0.06	$0.19	$0.26	$0.32	$0.40	$0.27	$0.48	$0.46	$0.41	$0.39	$0.56	$0.50	$0.56	$0.50	$0.69	$0.70	$0.73	$0.65	$0.87	$0.70
Operating cash flow	39.8	58.0	52.3	80.2	49.8	97.9	59.4	110	63.3	89.7	78.2	127	49.1	134	44.0	131	109	148	45.9	110
Capital expenditure	22.3	23.9	17.6	23.7	34.9	23.0	22.1	39.5	51.4	26.3	38.0	48.6	42.1	23.1	35.7	54.8	50.1	25.5	41.9	81.5
Free cash flow	17.5	34.1	34.7	56.4	14.9	74.9	37.3	70.1	12.0	63.4	40.2	78.2	7.0	111	8.2	76.7	59.0	122	4.0	28.9
Buybacks	n/a	0.0	44.3	50.0	0.0	25.0	100	0.0	0.0	20.0	280	0.0	0.0	50.0	2.1	97.9	350	51.1	200	51.2
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	85m	84m	84m	83m	80m	79m	76m	75m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.