DKNG DraftKings margins

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  2. Consumer Cyclical
  3. NASDAQ: DKNG
  4. Margins
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Relative Growth: Rel. Growth: 45
Relative Strength: Rel. Strength: 32
Relative Valuation: Rel. Valuation: 22
Relative Profitability: Rel. Profitability: 34
Gross margin
40.5%
Operating margin
-2.9%
EBITDA margin
2.7%
Net margin
-2.7%

At present, DraftKings reports a gross margin of 40.5%, an operating margin of -2.9%, an EBITDA margin of 2.7%, and a net margin of -2.7%; its operating margin is negative at -2.9%, and its net margin is negative at -2.7%. EBITDA margin had the largest improvement, increasing by 3.5 percentage points, while the other available margins also improved.

DKNG margin history

Gross, operating, EBITDA and net margin trends

DraftKings's margins averaged 39.33% gross, -8.65% operating, -3.63% EBITDA, and -7.71% net during the last 3 years. Currently all four current margins are above their three-year averages.

DKNG margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in EBITDA margin, which rose by 3.5 percentage points. The other available margins also improved.

Gross margin expansion
1pp
Operating margin expansion
3.3pp
EBITDA margin expansion
3.5pp
Net margin expansion
2.9pp

DKNG Gross margin

DraftKings's gross margin averaged 39.33% over the last 3 years. Compared with its three-year average, DraftKings's current gross margin is 40.5% and is 1.2 percentage points above its three-year average. Over the last 3 years, DraftKings's gross margin peaked at 41.8% in Mar 2026 and reached a low of 37.5% in Dec 2023.

DKNG Operating margin

The average operating margin for DraftKings was -8.65% across the past 3 years. Right now, the current operating margin for DraftKings is -2.9%, 5.8 percentage points above its three-year average. The operating margin for DraftKings moved between -21.5% in Dec 2023 and 0.6% in Mar 2026.

DKNG EBITDA margin

Over the last 3 years, DraftKings had an average EBITDA margin of -3.63%. At present, DraftKings's current EBITDA margin is 2.7%, which is 6.3 percentage points above its three-year average. Looking back over the last 3 years, DraftKings's EBITDA margin reached 6.1% at its highest point in Mar 2026 and -17.6% at its lowest in Dec 2023.

DKNG Net margin

In the last 3 years, DraftKings had an average net margin of -7.71%. DraftKings's current net margin is -2.7% and is 5 percentage points above its three-year average. Looking back over the last 3 years, DraftKings's net margin reached 0.9% at its highest point in Mar 2026 and -21.9% at its lowest in Dec 2023.

DKNG margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 40.5%, DKNG stands above the Consumer Cyclical sector average but below the industry average. Looking at its Consumer Cyclical sector average of 36.3%, DraftKings's gross margin is 12% higher.

Frequently asked questions

What is DraftKings's gross margin?

As of Jun 30, 2026, DKNG has a gross margin of 40.5%.

What is DraftKings's operating margin?

As of Jun 30, 2026, DKNG has an operating margin of -2.9%.

What is DraftKings's EBITDA margin?

For the period ending Jun 30, 2026, DKNG recorded an EBITDA margin of 2.7%.

What is DraftKings's net margin?

As of Jun 30, 2026, DKNG has a negative net margin of -2.7%.

What are the average margins of DKNG?

DraftKings's gross, operating, EBITDA, and net margins averaged 39.3% gross, -8.7% operating, -3.6% EBITDA, and -7.7% net over the last 3 years.

What are the highest historical margins of DKNG?

Over the last 5 years, DraftKings's highest margins were 41.8% gross in Mar 2026, 0.6% operating in Mar 2026, 6.1% EBITDA in Mar 2026, and 0.9% net in Mar 2026.

What are the lowest historical margins of DKNG?

Looking back across 5 years, DKNG reached its lowest margins at 32.6% gross in Sep 2022, -125.1% operating in Mar 2022, -107.4% EBITDA in Dec 2021, and -117.5% net in Dec 2021.