Q2 26 EPS
$0.48
BEAT +11.01%
Est. $0.43
Q2 26 Revenue
$866.0M
BEAT +2.39%
Est. $845.7M
vs S&P Since Q2 26
-7.9%
TRAILING MARKET
LTH -3.3% vs S&P +4.6%
Market Reaction
Did LTH Beat Earnings? Q2 2026 Results
Life Time Group Holdings delivered a strong second quarter, posting earnings per share of $0.48 against a consensus estimate of $0.43, a beat of 11.01% that extended the premium fitness operator's winning streak to five consecutive quarters of toppin… Read more Life Time Group Holdings delivered a strong second quarter, posting earnings per share of $0.48 against a consensus estimate of $0.43, a beat of 11.01% that extended the premium fitness operator's winning streak to five consecutive quarters of topping Wall Street expectations. Revenue climbed 13.7% year over year to $866.00 million, ahead of the $845.75 million analysts had anticipated, as the company's athletic country club model continued to gain momentum. The clearest driver behind the outperformance was pricing power within the membership base; average center revenue per membership rose 11.8% to $993, fueled by a deliberate shift away from lower-dues insurance-administered memberships toward full-rate tiers and surging demand for Dynamic Personal Training. Net income expanded to $101.36 million, lifting margins to 11.7% from 9.5% a year ago, while adjusted EBITDA grew 16.8% to $246.53 million. With analysts already watching whether that pricing momentum could sustain the stock's rally, management answered by raising full-year revenue guidance to $3.35 billion to $3.38 billion and lifting adjusted EBITDA targets to $940 million to $955 million.
Key Takeaways
- • Increase in average dues including improved membership mix
- • Membership growth in new and ramping centers
- • Higher member utilization of in-center offerings, particularly Dynamic Personal Training
- • Comparable center revenue growth of 9.1%
- • Average center revenue per center membership increased 11.8% to $993
- • Significant reduction in lower-dues qualified memberships administered through medical insurance providers
LTH Forward Guidance & Outlook
Life Time raised its full-year 2026 guidance: total revenue of $3,350–$3,375 million (up from $3,320–$3,350 million), net income of $358–$363 million (up from $340–$345 million), adjusted net income of $394–$402 million (up from $378–$386 million), and adjusted EBITDA of $940–$955 million (up from $925–$940 million). Comparable center revenue growth expectations were raised to 7.9%–8.3% from 6.9%–7.5%. The company tightened its new club openings target to 14 (from 12–14) with total 2026 class square footage of approximately 1.3 million square feet. Modernization and technology capex was raised to $140–$150 million from $130–$140 million. The provision for income tax rate estimate was decreased to 27% from 28%. The company expects to complete approximately $200 million in additional sale-leaseback transactions during the second half of 2026. Year-end weighted-average diluted shares outstanding is expected to be approximately 227–229 million.
LTH YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
LTH Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered strong second quarter results, driven by our continued focus on delivering exceptional member experiences across our clubs. That focus is translating into higher engagement, increased utilization of our in-center offerings and continued optimization of our membership mix. As a result, we are seeing strong comparable center revenue performance and growth in revenue per membership. We are on track to open 14 new clubs in 2026 and continue to see significant demand for our premium athletic country club model.”
— Bahram Akradi, Q2 2026 Earnings Press Release
LTH Earnings Trends
LTH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LTH EPS Trend
Earnings per share: estimate vs actual
LTH Revenue Trend
Quarterly revenue: estimate vs actual
LTH Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.43 | $0.48 | +11.01% | $866.0M | +2.39% |
| Q1 26 BEAT | $0.38 | $0.42 | +9.89% | $788.7M | +0.19% |
| Q4 25 BEAT FY | $0.33 | $0.34 | +1.80% | $745.1M | +0.15% |
| FY Full Year | $1.51 | $1.44 | -4.64% | $3.00B | +0.12% |
| Q3 25 BEAT | $0.36 | $0.41 | +14.69% | $782.6M | +1.41% |
| Q2 25 BEAT | $0.36 | $0.37 | +3.35% | $761.5M | +1.18% |
| Q1 25 BEAT | $0.28 | $0.39 | +39.29% | $706.0M | +3.37% |