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Financials · FLUT

Flutter Entertainment plc (FLUT) financials

For the twelve months ended Sep 30, 2026, Flutter Entertainment plc reported $17.24B of revenue and -$957.00M of net income.

Revenue, TTM
$17.24B
Revenue growth, YoY
+11.7%
Net income, TTM
-$957.00M
Net margin
-5.6%
Free cash flow, TTM
$1.24B
EPS, diluted, TTM
-$5.24
Cash
$1.71B
Total debt
$12.31B
P/S
0.82
Market cap
$14.20B
Annual revenue$16.38B
FY2016FY2025
Annual net income-$310.00M
FY2016FY2025
Annual free cash flow$1.08B
FY2016FY2025

FLUT revenue and earnings growth

FLUT revenueQ3 2026$3.87B

Quarter YoY
+2.1%
QoQ
-10.4%
FY YoY
+16.6%

FLUT revenue was $3.87B in fiscal Q3 2026 (ended Sep 30, 2026), up 2.1% from a year earlier and down 10.4% from the prior quarter. For the full fiscal 2025 it was $16.38B, up 16.6% from fiscal 2024. It rose in each of the last 3 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.

FLUT net incomeQ3 2026-$862.00M

FLUT net income was -$862.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$690.00M a year earlier. For the full fiscal 2025 it was -$310.00M, compared with $43.00M in fiscal 2024.

FLUT EPSQ3 2026-$4.90

FLUT diluted EPS was -$4.90 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$3.91 a year earlier. For the full fiscal 2025 it was -$1.75, compared with $0.24 in fiscal 2024.

FLUT free cash flowQ3 2026$191.00M

Quarter YoY
-2.6%
QoQ
-45.3%
FY YoY
-26.0%

FLUT free cash flow was $191.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 2.6% from a year earlier and down 45.3% from the prior quarter. For the full fiscal 2025 it was $1.08B, down 26.0% from fiscal 2024. It rose in 1 of the last 3 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$16.38B$14.05B$11.79B$9.46B$2.53B$2.03B$1.31B$1.16B
Cost of revenue$8.98B$7.35B$6.20B$4.81B$693.06M$459.16M$247.50M-
Gross profit$7.40B$6.70B$5.59B$4.65B$1.84B$1.57B$1.06B-
Research and development$991.00M$820.00M$765.00M$552.00M$55.09M$39.99M$25.18M$27.66M
Selling, general and admin$2.18B$1.81B$1.60B$1.17B$1.16B$976.99M$437.89M$585.12M
Operating income$36.00M$869.00M-$549.00M-$88.00M$264.20M$260.12M$447.39M-
Interest expense----$248.71M$181.82M$108.02M$129.39M
Pre-tax income-$121.00M$16.00M-$1.09B-$295.00M$61.66M-$109.89M$286.49M$139.55M
Income tax$286.00M-$146.00M$120.00M$75.00M-$197.0K-$988.0K$27.21M$4.00M
Net income-$310.00M$43.00M-$1.22B-$432.00M$62.82M-$102.45M$259.23M$136.14M
EPS, basic-$1.75$0.24-$6.89-$2.44$0.22-$0.49$1.77$0.96
EPS, diluted-$1.75$0.24-$6.89-$2.44$0.22-$0.49$1.27$0.70
Diluted shares177.0M180.0M177.0M177.0M284.5M208.3M203.7M195.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$1.83B$1.53B$1.50B$966.00M$621.92M$721.08M$510.32M$267.68M
Receivables$190.00M$98.00M$90.00M-$111.22M$136.35M$100.41M$81.56M
Inventory------$300.0K$515.0K
Current assets$4.80B$4.34B$3.98B-$977.64M$1.04B$789.53M$690.39M
Goodwill$15.82B$13.35B$13.74B$13.24B$5.35B$5.27B$2.81B-
Total assets$29.28B$24.51B$24.64B-$11.28B$11.27B$5.42B$5.46B
Current liabilities$5.04B$4.59B$4.53B-$1.15B$1.01B$602.47M$848.17M
Short-term debt$109.00M$53.00M$51.00M-----
Long-term debt$12.16B$6.68B$7.00B-$4.90B$5.41B$2.35B$2.38B
Total debt$12.27B$6.74B$7.06B-$4.90B$5.41B$2.35B$2.38B
Total liabilities$19.58B$13.24B$13.27B-$6.76B$7.11B$3.11B$3.26B
Shareholders' equity$9.04B$9.46B$10.22B$11.19B$4.52B$4.15B$2.35B$2.20B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$1.18B$1.60B$937.00M$1.16B$670.63M$559.84M$494.60M$349.94M
Capital expenditures$105.00M$144.00M$159.00M$122.00M$27.52M$33.95M$11.00M$6.81M
Free cash flow$1.08B$1.46B$778.00M$1.04B$643.11M$525.89M$483.60M$343.13M
Investing cash flow-$3.48B-$811.00M-$602.00M-$2.52B-$139.78M-$1.93B$174.85M$28.87M
Financing cash flow$2.43B-$469.00M-$113.00M$1.78B-$636.88M$1.59B-$443.80M-$375.59M
Share repurchases$1.12B$219.00M$212.00M$3.00M----
Stock-based compensation$246.00M$196.00M$180.00M$132.00M$18.84M$12.81M$10.62M$10.29M
Depreciation and amortization$1.52B$1.10B$1.28B$1.07B$438.63M$282.81M$147.19M-

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY16.6%19.2%24.6%-24.6%54.6%13.6%-
Net income growth, YoY------90.4%-
EPS growth, YoY------81.4%-
Gross margin45.2%47.7%47.4%49.1%72.6%77.4%81.1%-
Operating margin0.2%6.2%-4.7%-0.9%10.4%12.8%34.1%-
Net margin-1.9%0.3%-10.4%-4.6%2.5%-5.0%19.8%11.8%
Free cash flow margin6.6%10.4%6.6%11.0%25.4%25.9%36.9%29.7%
Return on equity-3.4%0.5%-12.0%-3.9%1.4%-2.5%11.0%6.2%
Return on assets-1.1%0.2%-5.0%-0.6%-0.9%4.8%2.5%
Current ratio0.950.950.88-0.851.031.310.81
Debt to equity1.360.710.69-1.081.301.001.08

Source: XBRL data Flutter Entertainment plc files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FLUT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FLUT$17.24B+11.7%-$957.00M-5.6%$14.20B
GOOGL$471.10B+22.2%$235.69B50.0%$3.50T
GOOG$471.10B+22.2%$235.69B50.0%$3.49T
META$241.61B+27.5%$75.25B31.1%$1.56T
APP$7.61B+57.8%$5.01B65.9%$129.62B
NBIS$529.80M+479.0%$82.50M15.6%$35.20B
BIDUCN¥129.08B-3.0%CN¥5.59B4.3%$27.85B

FLUT FAQ

9 questions
  • What is FLUT revenue?
    Flutter Entertainment plc (FLUT) reported $17.24B of revenue for the twelve months ended Sep 30, 2026. That is up 11.7% from the year before. Revenue for fiscal 2025 was $16.38B.
  • Is FLUT profitable?
    No. Flutter Entertainment plc reported a net loss of $957.00M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does FLUT have?
    Flutter Entertainment plc reported $1.71B in cash and cash equivalents and $12.31B of debt on its most recent balance sheet in SEC filings.
  • How fast is FLUT revenue growing?
    Flutter Entertainment plc's revenue changed +16.6% in fiscal 2025, to $16.38B.
  • What is FLUT gross margin?
    Flutter Entertainment plc's gross profit was $7.18B on $17.24B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 41.6%.
  • What is FLUT free cash flow?
    Flutter Entertainment plc generated $1.24B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.33B less capital expenditures.
  • What is FLUT earnings per share?
    Diluted earnings per share were -$5.24 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FLUT last report financial results?
    The latest statements here come from Flutter Entertainment plc's 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this FLUT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Flutter Entertainment plc files with the SEC. It is provided for information only and is not investment advice.