OneSpaWorld Holdings (OSW) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and OneSpaWorld published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. OneSpaWorld reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted net income per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• OneSpaWorld reports in thousands of dollars; figures here are converted to millions. It has one reportable segment, aggregating its Maritime and Destination Resorts operating segments.
• Q3 2026 and Q3 2025 total revenues included $0.9 million and $1.5 million from the Asia resorts business OneSpaWorld was exiting, an exit it completed after the quarter ended.
• From 2026 OneSpaWorld's Adjusted net income adds back actual amortization of intangible assets in place of a fixed amount, and the 2025 figures were recast to match.

Source: OneSpaWorld Q3 2026 results, October 28, 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 OneSpaWorld 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.

• OneSpaWorld's Service revenues revenue was $226 million in Q3 2026, up 9% from $208 million in Q3 2025, 82% of total revenue.
• OneSpaWorld's Product revenues revenue was $50.2 million in Q3 2026, down 1% from $50.5 million in Q3 2025, 18% 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

OneSpaWorld's guidance table puts Q4 2026 total revenues at $248 million to $253 million and Q4 Adjusted EBITDA at $32 million to $34 million.

In its Q3 2026 release, OneSpaWorld said:

“Increases Fiscal 2026 Guidance to $1.033 to $1.038 Billion in Total Revenues and $138.0 to $140.0 Million in Adjusted EBITDA”

“We now expect fiscal 2026 Total revenues to increase 10% and Adjusted EBITDA to increase 13% at the midpoints of our guidance ranges, compared with actual fiscal 2025 results, excluding exited and reorganized operations.”

“The Company's fiscal year 2026 guidance for the year ended December 31, 2026 as presented above compares to its previous guidance for Total revenues of $1.018 to $1.038 billion and Adjusted EBITDA of $130.0 to $140.0 million provided with second quarter 2026 results issued on July 29, 2026.”

Source: OneSpaWorld Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the OSW forecast page.

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

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

We do not hold a confirmed date for OneSpaWorld'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 28, 2026

OneSpaWorld runs health and wellness centers on cruise ships and at destination resorts, and almost all of its revenue comes from the ships. In Q3 2026 Maritime service revenues were $221.2 million and Maritime product revenues $49.0 million, out of total revenues of $276.5 million. Destination Resorts brought in $5.1 million of services and $0.5 million of products, and the timetospa.com website $0.7 million. (OneSpaWorld Form 10-Q, Q3 2026, Oct 29, 2026)

OneSpaWorld said total revenues rose 7% from $258.5 million because average guest spend rose 3.3%, new 2026 vessels joined the fleet, and revenue days net of that expansion rose 1.8%, contributing $8.2 million, $7.0 million and $4.3 million of the increase. Pre-booked revenues added $6.9 million. Destination resorts revenues fell $1.4 million, partly because hotels where it operated closed, and the reorganization of operations in the United Kingdom and Italy cut Product revenues by $1.3 million. (OneSpaWorld Q3 2026 release, Oct 28, 2026)

Three cruise groups supply most of the business. In 2025 Carnival brands accounted for 39.6% of OneSpaWorld's total revenues, Royal Caribbean brands for 28.2% and Norwegian Cruise Line brands for 17.7%. Together they accounted for 171 of the 206 ships it served at the end of 2025, though contracts are signed with each cruise line brand, not the parent company. (OneSpaWorld Form 10-K, 2025, Feb 23, 2026)

OneSpaWorld ended Q3 2026 with centers on 207 ships, against 204 a year earlier, and 4,645 cruise ship personnel on vessels. Average weekly revenue per ship was $99,965, up from $95,675. The resort count fell from 49 to 23 because OneSpaWorld was exiting its Asia resorts business, which accounted for 11 of the 23. (OneSpaWorld Q3 2026 release, Oct 28, 2026)

OneSpaWorld's GAAP diluted EPS was $0.28 in Q3 2026, against $0.23 a year earlier, on net income of $28.2 million. Its Adjusted net income per diluted share was $0.34. The adjusted measure adds back amortization of intangible assets ($4.1 million) and stock-based compensation ($2.5 million). (OneSpaWorld Q3 2026 release, Oct 28, 2026)

Income tax is small for OneSpaWorld: $0.5 million of expense on $28.8 million of pre-tax income in the quarter. The 10-K says it is a Bahamian international business company earning much of its revenue in low-tax or no-tax jurisdictions, including international waters, with an effective cash tax rate of approximately 6%. (OneSpaWorld Q3 2026 release, Oct 28, 2026; OneSpaWorld Form 10-K, 2025, Feb 23, 2026)

Buybacks lowered the share count. OneSpaWorld repurchased 1,412,574 shares for $37.2 million in Q3 2026, completing its $75.0 million 2025 program, and diluted weighted average shares fell to 101.9 million from 103.6 million. On October 20, 2026 the board approved a new program of up to $100 million and raised the quarterly dividend 25% to $0.0625 per share. (OneSpaWorld Q3 2026 release, Oct 28, 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.

OneSpaWorld publishes guidance in its release. With Q3 2026 results it raised the fiscal 2026 range to total revenues of $1.033 billion to $1.038 billion and Adjusted EBITDA of $138.0 million to $140.0 million, from $1.018 billion to $1.038 billion and $130.0 million to $140.0 million in July. For Q4 2026 it guided total revenues of $248 million to $253 million and Adjusted EBITDA of $32 million to $34 million. (OneSpaWorld Q3 2026 release, Oct 28, 2026)

OneSpaWorld also forecasts its fleet: 210 ships at the end of Q4 2026 with an average of 202 for the quarter, and 12 destination resorts at period end. (OneSpaWorld Q3 2026 release, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover OneSpaWorld, 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 OneSpaWorld'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 OSW is on is OSW a buy or a sell?, what analysts expect next is on the OSW forecast, and what the company does is on the OneSpaWorld Holdings (OSW) stock page.

Every number on this page can be traced to a document OneSpaWorld 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.