Planet Fitness (PLNT) Q2 2026 earnings summary

Executive summary

• Ended Q2 2026 with approximately 21.5 million members and 2,930 clubs globally, flat sequentially but up year-over-year.

• Total revenue for Q2 2026 was $365.2 million, up 7.1% year-over-year, with system-wide same club sales up 1.7% driven by rate growth.

• Adjusted EBITDA increased 3.5% year-over-year to $152.8 million, with margin at 41.8%.

• Net income attributable to shareholders was $67.1 million ($0.87 per diluted share), up 15.6% from Q2 2025.

• Opened 23 new clubs, including international locations, and welcomed a new franchisee for Florida expansion.

Financial highlights

• Franchise segment revenue grew 13.5% to $135.8 million; corporate-owned clubs revenue increased 3.5% to $143.9 million; equipment segment revenue rose 4.1% to $85.6 million.

• System-wide sales were $1.4 billion for Q2 2026, flat year-over-year.

• Net income for Q2 2026 was $67.4 million; adjusted net income per diluted share was $0.88.

• Cash, equivalents, and marketable securities totaled $544 million at quarter-end.

• Weighted-average diluted shares outstanding for Q2 2026 were 77.1 million.

Outlook and guidance

• Full-year 2026 guidance reiterates system-wide same club sales growth of ~1%, revenue growth of ~7%, adjusted EBITDA growth of ~6%, and adjusted net income per share growth of ~6%.

• Plan to open 180–190 new clubs system-wide in 2026, with most openings weighted to Q4.

• Capital expenditures expected to rise 10–15% for the year.

• Net interest expense forecasted at $115 million for the year.

• Management expects continued growth through new club openings, with contractual commitments for approximately 800 new clubs.