Key Points
- Average revenue per membership rose 10.2% to $930; qualified medical memberships reduced to 3.44% of dues revenue, driving higher-yield mix.
- Comparable Center Revenue Growth — 8.6%, driven by membership mix (+3.5%), price increases (+3.0%), and in-center business growth (+2.3%).
- In-Center Revenue — Now 26.9% of center revenue; Dynamic Personal Training called out as a standout growth driver.
- 190 centers across 29 states + Canada, ~18.4M sq ft; net opened 1 new center in Q1.
May 5, 2026, Life Time Group Holdings, Inc. (“Life Time,” NYSE: LTH) announced record financial results for the first quarter ended March 31, 2026, delivering double-digit growth across all key metrics and surpassing Wall Street expectations. Total revenue rose 11.7% year over year to $788.7 million, while net income reached $88.1 million, a 15.8% increase. Adjusted diluted earnings per share came in at $0.42, exceeding the analyst consensus estimate of $0.35 by 20%.
The nation’s leading high-end health and wellness operator credited the outperformance to continued strong growth in membership dues and in-center revenue, driven by strategic membership mix improvement, average dues increases, and heightened member engagement across its premium facilities. Comparable center revenue grew 8.6% year over year, underscoring the resilience of high-end consumer demand for premium fitness and wellness experiences.
Adjusted EBITDA for the quarter reached $226.7 million, an 18.3% increase from $191.6 million in the prior-year period, with adjusted EBITDA margin expanding 160 basis points to 28.7%. The company generated $198.8 million in operating cash flow, reinforcing its ability to self-fund its ambitious growth pipeline while maintaining a disciplined balance sheet with a net debt leverage ratio of 1.6x, improved from 2.0x a year earlier.
Life Time’s membership base continued to evolve toward higher-value segments. As of March 31, 2026, total center memberships stood at 837,903, with average revenue per membership rising 10.2% to $930. The company systematically reduced its exposure to lower-yield qualified medical memberships, a strategic pivot that has driven meaningful average dues improvement, with monthly dues up 10.5% year over year to $230.
“Our first quarter results reflect strong execution and continued momentum across our business. Our growth strategy remains on track,” said Bahram Akradi, Founder, Chairman, and CEO of Life Time. “We are on schedule to open this year’s planned 12 to 14 new clubs, which are predominantly large-format, ground-up athletic country clubs. Membership engagement continues to rise, our membership mix is improving, and in-center performance remains robust. Supported by a solid balance sheet, low leverage, and strong cash generation, we are well positioned for continued growth.”
In-center revenue, which now accounts for 26.9% of total center revenue, was a notable bright spot, with Dynamic Personal Training and other premium_service offerings driving strong utilization. The company’s strategic emphasis on high-margin in-center businesses is yielding measurable returns, further differentiating Life Time from traditional gym operators and reinforcing its positioning as a comprehensive lifestyle and longevity platform.
Reflecting confidence in its trajectory, Life Time raised its full-year 2026 outlook. The company now expects total revenue of $3.32–$3.35 billion, representing approximately 11.3% growth at the midpoint, and adjusted EBITDA of $925–$940 million. The updated guidance incorporates the company’s year-to-date performance, its pipeline of new club openings, and the continued ramp of in-center revenue streams.
Life Time also announced significant progress on its capital allocation strategy. The company completed two sale-leaseback transactions in late April 2026, generating approximately $200 million in net proceeds from five properties, and now targets approximately $400 million in total sale-leaseback proceeds for the year. The company has $736.9 million in total available liquidity, including $616.9 million available under its $650 million revolving credit facility and $120.0 million in cash.
As of March 31, 2026, Life Time operated 190 centers comprising approximately 18.4 million square feet across 29 states and one Canadian province. The company’s growth capex of $205.2 million in the quarter — more than double the prior-year period — reflects the accelerated pace of its new-club pipeline, which is expected to add approximately 1.2 million square feet of new space in the 2026 class alone, nearly double the square footage of the 2024 and 2025 classes combined.
For detailed reports, please visit: Life Time Reports First Quarter 2026 Financial Results
About Life Time Group Holdings, Inc.
Life Time (NYSE: LTH) operates over 190 athletic country clubs across the United States and Canada, offering a comprehensive ecosystem of fitness, family recreation, sports, and wellness experiences. Founded in 1992 and headquartered in Chanhassen, Minnesota, the company is redefining the modern health and longevity movement through its large-format, resort-style clubs; athletic events; and digital health platform. Life Time is committed to providing an unparalleled experience that inspires and supports a healthy, active way of life for its more than 800,000 members. For more information, visit www.lifetime.life.
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