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Q1 2026 industry pulse: deposits up 14% QoQ, refund ratios stable
May 2, 2026 · By Marcus Chen
CobraSight's quarterly index shows continued deposit growth across the top 50 operators, with refund ratios holding near historical norms.
CobraSight's Q1 2026 Industry Pulse, published today, shows aggregate deposits across the top 50 tracked operators up 14% quarter-over-quarter.
Refund ratios — a key health indicator — held near 4.1%, consistent with the 12-month trailing average. Payout ratios edged up modestly to 11.8%.
The full dataset, including operator-level detail, is available to Pulse subscribers.