Planet Fitness Q1 Revenue Jumps 21.9% to $337.2M; Net Income Up 23%
Planet Fitness reported 1Q26 revenue up 21.9% to $337.2 million, net income rose to $51.6 million ($0.65 per share) while same-club sales grew 3.5% and membership reached 21.5 million. The company repurchased $50 million of stock, opened 15 new clubs and suspended its planned Black Card price increase pending a pricing review.
1. First Quarter Financial Highlights
Planet Fitness delivered 1Q26 revenue of $337.2 million, a 21.9% increase year over year, with net income of $51.6 million, or $0.65 per diluted share, up from $41.9 million a year ago. System-wide same-club sales grew 3.5%, contributing to the top-line and bottom-line outperformance.
2. Membership and Club Expansion
Total membership reached approximately 21.5 million, and the company opened 15 new franchisee-owned clubs during the quarter, bringing the system to 2,909 locations. Equipment segment revenue surged 123.4% to $62.1 million on stronger sales to existing and new franchisees.
3. Capital Allocation and Strategic Adjustments
Planet Fitness repurchased and retired 613,725 shares using $50 million of cash, ending the quarter with $652 million in cash and marketable securities. Management paused the planned national Black Card price increase and updated its full-year outlook to sharpen marketing efforts and drive member growth.