Life Time Group Holdings (LTH) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Life Time published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Life Time reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Net income in Q3 2025 included $16.2 million of tax-effected net cash proceeds from employee retention credits under the CARES Act, which is part of why GAAP EPS rose only from $0.45 to $0.46.
• Life Time has a single reportable segment. The rows above are the revenue streams it discloses in its 10-Q.

Source: Life Time Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Life Time splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Life Time's Center revenue revenue was $871 million in Q3 2026, up 14% from $761 million in Q3 2025, 97% of total revenue.
• Life Time's Other revenue revenue was $22.4 million in Q3 2026, up 3% from $21.8 million in Q3 2025, 3% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Life Time also raised its full-year 2026 table: total revenue of $3,380 million to $3,390 million, net income of $358 million to $360 million and Adjusted EBITDA of $958 million to $962 million.

In its Q3 2026 release, Life Time said:

“Comparable center revenue growth of 8.5% to 8.7%, which includes our ramping and mature centers, increased from 7.9% to 8.3%.”

“Maintenance capital expenditures of $140 million to $150 million, modernization and technology capital expenditures of $140 million to $150 million, and growth capital expenditures of $885 million to $910 million.”

“Provision for income tax rate estimate of 27%.”

“Complete approximately $135 million in additional sale-leaseback transactions during the fourth quarter of 2026 for a total of approximately $400 million during the fiscal year.”

Source: Life Time Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the LTH forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Life Time's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Life Time earns almost all of its revenue inside its clubs. In Q3 2026 center revenue was $871.1 million of $893.5 million in total revenue, split between membership dues and enrollment fees ($622.1 million) and in-center revenue ($249.0 million). Other revenue, $22.4 million, covers the rest. (Life Time Form 10-Q, Q3 2026, Oct 29, 2026)

Life Time's 10-Q attributes 67.9% of the $110.2 million rise in center revenue to membership dues and enrollment fees, up $74.8 million on higher average monthly dues per center membership from new and ramping centers and a better membership mix. The other 32.1% came from in-center revenue, up $35.4 million, which it said rose across all of its primary in-center businesses, particularly Dynamic Personal Training. (Life Time Form 10-Q, Q3 2026, Oct 29, 2026)

Life Time is growing revenue per member faster than members. Center memberships were 858,747 at September 30, 2026, up 2.2% from 840,622, while average center revenue per center membership rose 12.0% to $1,016. The membership count includes an approximately 21,500 reduction in qualified memberships administered through medical insurance providers, which carry significantly lower average dues. (Life Time Q3 2026 release, Oct 29, 2026)

Life Time describes itself as a premium lifestyle and leisure brand with month-to-month memberships and no long-term contracts. Membership dues and enrollment fees made up over 72% of total center revenue for 2025, and Life Time operated 196 centers at September 30, 2026, against 185 a year earlier, with 18,900,000 square feet of center space. (Life Time Form 10-K, 2025, Feb 24, 2026; Life Time Form 10-Q, Q3 2026, Oct 29, 2026)

Comparable center revenue, which counts a center from the first day of its 13th full calendar month, grew 8.7% in Q3 2026 against 10.6% in Q3 2025. Life Time had 26 centers open for less than three years and 21 new centers under construction at quarter end. (Life Time Q3 2026 release, Oct 29, 2026; Life Time Form 10-Q, Q3 2026, Oct 29, 2026)

Life Time reported GAAP diluted EPS of $0.46, up from $0.45, and Adjusted diluted EPS of $0.51, up from $0.41. Adjusted net income of $115.9 million excludes share-based compensation expense ($15.8 million in the quarter), gains and losses on sale-leaseback transactions, legal settlements and other items, less their tax effect. (Life Time Q3 2026 release, Oct 29, 2026)

The small GAAP increase reflects a one-off in the prior year. Net income of $106.5 million in Q3 2026 included a tax-effected net gain of $2.3 million on a sale-leaseback, while Q3 2025 included $16.2 million of tax-effected net cash proceeds from employee retention credits under the CARES Act and a $5.7 million tax-effected sale-leaseback gain. (Life Time Q3 2026 release, Oct 29, 2026)

Diluted weighted-average shares were 229,055 thousand, against 226,007 thousand a year earlier. Under a $500 million repurchase program approved on February 19, 2026, Life Time bought back about 2.6 million shares for about $73.4 million in the first nine months, none of them in Q3, leaving about $426.6 million available. (Life Time Q3 2026 release, Oct 29, 2026; Life Time Form 10-Q, Q3 2026, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Life Time publishes a full-year outlook in each release and raised it with Q3 2026. It now expects 2026 total revenue of $3,380 million to $3,390 million (previously $3,350 million to $3,375 million), Adjusted EBITDA of $958 million to $962 million and comparable center revenue growth of 8.5% to 8.7%, up from 7.9% to 8.3%. (Life Time Q3 2026 release, Oct 29, 2026)

Life Time also reiterated plans to open 14 new clubs in 2026, seven of which had opened by September 30, 2026, and to keep its net debt to Adjusted EBITDA leverage ratio at or below 2.00 times. It expects growth capital expenditures of $885 million to $910 million for the year. (Life Time Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Life Time, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Life Time's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LTH is on is LTH a buy or a sell?, what analysts expect next is on the LTH forecast, and what the company does is on the Life Time Group Holdings (LTH) stock page.

Every number on this page can be traced to a document Life Time published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.