Life Time Reports Double-Digit Revenue Growth, Raises 2026 Outlook
Krissy Vann | Host, All Things Fitness and Wellness
Life Time reported strong financial results for the second quarter of 2026, with revenue increasing 13.7% year over year to $866 million as the company continued to grow membership revenue and in-center spending.
Net income rose 40.6% to $101.4 million during the quarter, while adjusted EBITDA increased 16.8% to $246.5 million. The company also raised portions of its full-year 2026 outlook following the results.
According to Life Time, higher revenue was driven by continued growth in membership dues, increased spending on in-center services and improved revenue per membership. The company also cited higher utilization of offerings such as Dynamic Personal Training.
"We delivered strong second quarter results, driven by our continued focus on delivering exceptional member experiences across our clubs," said Bahram Akradi, Founder, Chairman and CEO of Life Time. "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."
Life Time ended the quarter with 860,041 center memberships, up 1.2% from the same period last year. The company said membership growth remained consistent with seasonal expectations while average revenue per membership increased 11.8% to $993.
The operator opened five new clubs during the second quarter, bringing its total portfolio to 195 locations as of June 30. The company continues to expect to open 14 new clubs this year, with most of the remaining openings planned for the fourth quarter.
Life Time also increased its outlook for comparable center revenue growth to between 7.9% and 8.3%, up from its previous guidance of 6.9% to 7.5%. Full-year revenue is now expected to reach between $3.35 billion and $3.375 billion, while adjusted EBITDA is projected to be between $940 million and $955 million.
During the quarter, the company repurchased approximately 2.2 million shares of common stock for $62.7 million under its share repurchase program. Life Time also reported an improvement in its net debt leverage ratio to 1.4 times and ended the quarter with $855.7 million in available liquidity.
