PENN Entertainment annual operating margin
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PENN Entertainment Operating Margin Growth & History (PENN)
PENN Entertainment's operating margin was −9.68% for fiscal 2025.
View full PENN Entertainment company overviewPENN Entertainment annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −9.68% | −10.78 pp |
| 2024 | 2024-12-31 | 1.10% | +11.95 pp |
| 2023 | 2023-12-31 | −10.85% | −26.06 pp |
| 2022 | 2022-12-31 | 15.21% | −2.73 pp |
| 2021 | 2021-12-31 | 17.94% | +29.41 pp |
| 2020 | 2020-12-31 | −11.46% | −22.25 pp |
| 2019 | 2019-12-31 | 10.79% | −6.89 pp |
| 2018 | 2018-12-31 | 17.67% | +4.29 pp |
| 2017 | 2017-12-31 | 13.38% | −3.54 pp |
| 2016 | 2016-12-31 | 16.92% | +0.44 pp |
| 2015 | 2015-12-31 | 16.48% | +6.55 pp |
| 2014 | 2014-12-31 | 9.93% | +25.19 pp |
| 2013 | 2013-12-31 | −15.26% | −30.04 pp |
| 2012 | 2012-12-31 | 14.78% | −3.44 pp |
| 2011 | 2011-12-31 | 18.22% | +11.99 pp |
| 2010 | 2010-12-31 | 6.23% | +14.44 pp |
| 2009 | 2009-12-31 | −8.21% | −4.65 pp |
| 2008 | 2008-12-31 | −3.57% | — |
PENN Entertainment quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 7.09% | +2.70 pp |
| Q1 2026 | 2026-03-31 | 5.46% | +2.90 pp |
| Q4 2025 | 2025-12-31 | −0.97% | +1.91 pp |
| Q3 2025 | 2025-09-30 | −45.21% | −49.33 pp |
| Q2 2025 | 2025-06-30 | 4.39% | −0.09 pp |
| Q1 2025 | 2025-03-31 | 2.56% | +3.89 pp |
| Q4 2024 | 2024-12-31 | −2.88% | +19.22 pp |
| Q3 2024 | 2024-09-30 | 4.12% | +52.68 pp |
| Q2 2024 | 2024-06-30 | 4.48% | −7.79 pp |
| Q1 2024 | 2024-03-31 | −1.33% | −13.23 pp |
| Q4 2023 | 2023-12-31 | −22.10% | −37.42 pp |
| Q3 2023 | 2023-09-30 | −48.56% | −56.97 pp |
| Q2 2023 | 2023-06-30 | 12.27% | −6.32 pp |
| Q1 2023 | 2023-03-31 | 11.90% | −6.77 pp |
| Q4 2022 | 2022-12-31 | 15.32% | +0.94 pp |
| Q3 2022 | 2022-09-30 | 8.41% | −7.40 pp |
| Q2 2022 | 2022-06-30 | 18.59% | −5.86 pp |
| Q1 2022 | 2022-03-31 | 18.67% | +1.69 pp |
| Q4 2021 | 2021-12-31 | 14.38% | +2.74 pp |
| Q3 2021 | 2021-09-30 | 15.82% | −1.55 pp |
| Q2 2021 | 2021-06-30 | 24.45% | +78.59 pp |
| Q1 2021 | 2021-03-31 | 16.98% | +67.21 pp |
| Q4 2020 | 2020-12-31 | 11.64% | +10.80 pp |
| Q3 2020 | 2020-09-30 | 17.37% | +4.09 pp |
| Q2 2020 | 2020-06-30 | −54.14% | −69.14 pp |
| Q1 2020 | 2020-03-31 | −50.23% | −64.45 pp |
| Q4 2019 | 2019-12-31 | 0.84% | −9.93 pp |
| Q3 2019 | 2019-09-30 | 13.27% | −6.45 pp |
| Q2 2019 | 2019-06-30 | 15.00% | −6.98 pp |
| Q1 2019 | 2019-03-31 | 14.22% | −6.87 pp |
| Q4 2018 | 2018-12-31 | 10.77% | +7.96 pp |
| Q3 2018 | 2018-09-30 | 19.73% | +1.91 pp |
| Q2 2018 | 2018-06-30 | 21.98% | +5.03 pp |
| Q1 2018 | 2018-03-31 | 21.09% | +3.02 pp |
| Q4 2017 | 2017-12-31 | 2.81% | −9.60 pp |
| Q3 2017 | 2017-09-30 | 17.82% | −0.38 pp |
| Q2 2017 | 2017-06-30 | 16.95% | −2.46 pp |
| Q1 2017 | 2017-03-31 | 18.07% | −0.50 pp |
| Q4 2016 | 2016-12-31 | 12.41% | +0.06 pp |
| Q3 2016 | 2016-09-30 | 18.19% | −1.04 pp |
| Q2 2016 | 2016-06-30 | 19.41% | +1.81 pp |
| Q1 2016 | 2016-03-31 | 18.58% | +1.76 pp |
| Q4 2015 | 2015-12-31 | 12.35% | +21.04 pp |
| Q3 2015 | 2015-09-30 | 19.23% | +2.84 pp |
| Q2 2015 | 2015-06-30 | 17.60% | +1.43 pp |
| Q1 2015 | 2015-03-31 | 16.82% | +0.83 pp |
| Q4 2014 | 2014-12-31 | −8.70% | +129.71 pp |
| Q3 2014 | 2014-09-30 | 16.39% | +3.33 pp |
| Q2 2014 | 2014-06-30 | 16.17% | +10.01 pp |
| Q1 2014 | 2014-03-31 | 15.99% | −0.71 pp |
| Q4 2013 | 2013-12-31 | −138.41% | −143.69 pp |
| Q3 2013 | 2013-09-30 | 13.06% | −0.90 pp |
| Q2 2013 | 2013-06-30 | 6.16% | −11.81 pp |
| Q1 2013 | 2013-03-31 | 16.70% | −2.67 pp |
| Q4 2012 | 2012-12-31 | 5.28% | −10.38 pp |
| Q3 2012 | 2012-09-30 | 13.95% | −4.38 pp |
| Q2 2012 | 2012-06-30 | 17.97% | −2.47 pp |
| Q1 2012 | 2012-03-31 | 19.38% | +0.98 pp |
| Q4 2011 | 2011-12-31 | 15.66% | +31.73 pp |
| Q3 2011 | 2011-09-30 | 18.33% | +1.03 pp |
| Q2 2011 | 2011-06-30 | 20.44% | +11.80 pp |
| Q1 2011 | 2011-03-31 | 18.40% | +2.81 pp |
| Q4 2010 | 2010-12-31 | −16.07% | −30.16 pp |
| Q3 2010 | 2010-09-30 | 17.31% | +4.10 pp |
| Q2 2010 | 2010-06-30 | 8.64% | — |
| Q1 2010 | 2010-03-31 | 15.59% | — |
| Q3 2009 | 2009-09-30 | 14.09% | — |
| Q2 2009 | 2009-06-30 | 13.21% | — |
PENN Entertainment operating margin trends
Over the last five reported fiscal years, PENN Entertainment's operating margin increased from −11.46% to −9.68%, a change of +1.79 percentage points. The latest reported quarter, Q2 2026, shows 7.09%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review PENN Entertainment filings at SEC.gov ↗