Life Time Q3 2026 Center Revenue Rises 14.5%

Life Time Group Holdings, Inc. (NYSE: LTH) reported a 14.5% year-over-year increase in center revenue for the third quarter of 2026, supported by new clubs and a shift toward higher-value memberships. Comparable center revenue rose 8.7%, as pricing, membership mix and in-center spending outweighed a limited contribution from membership volume.

The company said its revenue strategy remains focused on opening clubs, increasing member engagement, optimizing the membership base and generating more revenue per membership. Dues and enrollment fee revenue increased 13.7% from a year earlier, compared with 12.1% growth in the third quarter of 2025.

Membership Mix Supports Comparable Growth

Membership pricing and in-center businesses each contributed 3.0 percentage points to comparable center revenue growth. Changes in membership mix added 2.4 points, while membership volume contributed 0.3 points.

Life Time attributed the mix benefit to factors including more members per membership, churn among legacy and Qualified Medical memberships, and expansion in affluent markets. The company also cited price changes for legacy members and new members as sources of sustainable pricing growth. Higher engagement supported revenue from in-center businesses.

Total center memberships reached 858,700 at the end of the quarter, up 2.2% from 840,600 a year earlier. The increase reflected growth in memberships outside the Qualified Medical category, which includes arrangements administered through medical insurance providers.

All other center memberships grew 5.4% to 770,600 and represented 96.8% of dues and enrollment fee revenue, up from 96.0% in the prior-year period. Life Time highlighted continued strength in couple and family memberships, which generate higher dues and engagement.

Qualified Medical memberships declined 19.6% to 88,100 as the company continued to de-emphasize the lower-dues category. These memberships accounted for 3.2% of dues and enrollment fee revenue, down from 4.0% a year earlier.

2026 Expectations

For 2026, Life Time expects end-of-period center memberships of 842,000 to 848,000, representing year-over-year growth of 2.4% to 3.1%. All other center memberships are projected at 758,500 to 761,500, an increase of 4.8% to 5.2%.

Qualified Medical memberships are expected to finish the period between 83,500 and 86,500, down 12% to 15% year over year. The category is projected to account for about 3% of dues and enrollment fee revenue, while all other center memberships are expected to contribute approximately 97%.

The company expects 2026 dues and enrollment fee revenue growth of 12.6% to 12.9%.

Life Time cautioned that its outlook is subject to risks involving the competitive and macroeconomic environment, brand and technology operations, capital structure and lease obligations, human capital, legal compliance and risk management. Actual results could differ materially from management’s expectations.