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NYSE · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · LARGE CAP

Flutter Entertainment PLC FLUT

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$16.4B
▲ 16.6% YoY
$-407.0M
▼ 351.2% YoY
$1.1B
▼ 26.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Flutter Entertainment plc offers sportsbook, iGaming and other products, including exchange betting, pari-mutuel wagering, daily fantasy sports and prediction markets in the U.S., through brands such as FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Snai, tombola, Betfair, TVG, Adjarabet, MaxBet and Betnacional. As of December 31, 2025, it had 28,518 employees across 27 countries, with 11% of its total headcount in the United States and the remaining 89% outside the United States. For fiscal 2025, 53% of its revenue was derived from sportsbook, 44% from iGaming and 3% from other products, with 88% of Group-level revenue generated from online businesses, complemented by 1,127 retail shops mainly in the United Kingdom, Ireland, Italy and Serbia. The company reports its consolidated financial statements based on two reportable segments: U.S. and International, the latter including what was formerly its UKI, International and Australia segments. Its global operational headquarters is at One Madison Avenue, New York, New York. The company was originally incorporated and registered in Ireland as a private limited company on April 8, 1958, under the name Corcoran's Management Limited. It was formed in 1988 through the merger of three independent bookmakers, including Corcoran's Management Limited. It later changed its name to Flutter Entertainment plc on May 28, 2019.

Written from the business description in Flutter Entertainment plc's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 16.4B
Revenue, FY2025 · full 4-year series below
Revenue $B Net income $B
FY2025 · Revenue 16.4 · Net income -0.4
10B20B
20222025
Compound annual growth
+20.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−2 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 0.2% · Net -2.5%
2%4%6%-5%-10%
202220232025
ROE
FY2025 · ROE -4.4%
0.5%1.0%1.5%-5.0%-10.0%
202220232025
Three returns, three denominators.

Each USD of equity lost 4 cents this year.

Cash & shareholders

USD 1.1B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.1
1B2B
202220232025
Net buybacks $B Dividends $B
FY2025 · Dividends · · Net buybacks 1.1
0.5B1.0B
2022202320242025

USD 1.1B in buybacks went back to shareholders in a year without profit.

Total assetsUSD 29.3B
EquityUSD 9.0B
CashUSD 1.8B
Gross debtUSD 12.3B
Net debtUSD 10.4B
Current ratio0.95×

Net debt stands at 115% of equity.

The 4-year record

4 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
FLUT, 4-year financial record
Metric 2025202420232022
Revenue $B16.414.011.89.5
Operating income $B0.00.9−0.5−0.1
EBITDA $B1.62.00.71.0
Income tax $B0.3−0.10.10.1
Net income $B−0.40.2−1.2−0.4
Free cash flow $B1.11.50.81.0
EPS, diluted $−1.750.24−6.89−2.44
Dividend / sh $◌◌◌◌
Payout % — not applicable: no dividend————
ROE %−4.41.7−11.4−3.2

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 19 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 32 checks were skipped: the balance sheet is not tagged before 2023. 15 checks were skipped: EPS is not tagged before 2022. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNYSE
Incorporated inoutside the United States — SEC code L2
Fiscal year endsDecember 31
Data on record since2021

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