Flutter Entertainment Plc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Flutter Entertainment Plc reported revenue of $16.4B (+16.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2019 · FY | Dec 31, 2018 · FY |
|---|---|---|---|---|
| Revenue | $16.4B | $14.0B | $2.5B | $2.0B |
| Cost of Sales | ($9.0B) | ($7.3B) | — | — |
| Gross profit | $7.4B | $6.7B | — | — |
| Technology, research and development expenses | ($991.0M) | ($820.0M) | — | — |
| Sales and marketing expenses | ($3.7B) | ($3.2B) | — | — |
| General and administrative expenses | ($2.2B) | ($1.8B) | — | — |
| Goodwill impairment | ($517.0M) | — | — | — |
| Operating profit (loss) | $36.0M | $869.0M | — | — |
| Other income (expense), net | $358.0M | ($434.0M) | — | — |
| Interest expense, net | ($515.0M) | ($419.0M) | — | — |
| (Loss) income before income taxes | ($121.0M) | $16.0M | — | — |
| Income tax (expense) benefit | ($286.0M) | $146.0M | — | — |
| Net (loss) income | ($407.0M) | $162.0M | — | — |
| Net (loss) gain attributable to non-controlling interests and redeemable non-controlling interests | ($27.0M) | $53.0M | — | — |
| Adjustment of redeemable non-controlling interest to redemption value | ($70.0M) | $66.0M | — | — |
| Net (loss) income attributable to Flutter shareholders - basic | ($310.0M) | $43.0M | — | — |
| Net (loss) income attributable to Flutter shareholders - diluted | ($310.0M) | — | — | — |
| Basic (in USD per share) | -$1.75 | $0.24 | $0.22 | — |
| Diluted (in USD per share) | -$1.75 | $0.24 | $0.22 | — |
| Effective portion of changes in fair value of cash flow hedges | ($100.0M) | ($12.0M) | — | — |
| Fair value of cash flow hedges transferred to the income statement | $87.0M | $32.0M | — | — |
| Changes in excluded components of fair value hedge | ($12.0M) | ($1.0M) | — | — |
| Foreign exchange (loss) gain on net investment hedges | ($97.0M) | — | — | — |
| Foreign exchange gain (loss) on translation of the net assets of foreign currency denominated entities | $997.0M | — | — | — |
| Fair value movements on available for sale debt instruments | $0 | $0 | — | — |
| Income tax benefit related to items of other comprehensive loss | $9.0M | — | — | — |
| Other comprehensive income (loss) income | $884.0M | ($462.0M) | — | — |
| Other comprehensive income (loss) attributable to Flutter shareholders | $816.0M | ($444.0M) | — | — |
| Other comprehensive income (loss) attributable to non-controlling interest and redeemable non-controlling interest | $68.0M | ($18.0M) | — | — |
| Total comprehensive income (loss) for the year | $477.0M | ($300.0M) | — | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $4.3B | $4.3B | $3.8B | $4.2B |
| Cost of sales | ($2.6B) | ($2.5B) | ($2.2B) | ($2.2B) |
| Gross profit | $1.7B | $1.8B | $1.6B | $2.0B |
| Technology, research and development expenses | ($300.0M) | ($259.0M) | ($275.0M) | ($256.0M) |
| Sales and marketing expenses | ($1.0B) | ($966.0M) | ($966.0M) | ($789.0M) |
| General and administrative expenses | ($545.0M) | ($533.0M) | ($702.0M) | ($525.0M) |
| Operating (loss) profit | ($144.0M) | $79.0M | ($834.0M) | $389.0M |
| Other income (expense), net | $7.0M | $311.0M | $152.0M | ($74.0M) |
| Interest expense, net | ($162.0M) | ($156.0M) | ($152.0M) | ($110.0M) |
| (Loss) income before income taxes | ($299.0M) | $234.0M | ($834.0M) | $205.0M |
| Income tax benefit (expense) | $3.0M | ($25.0M) | $45.0M | ($168.0M) |
| Net (loss) income | ($296.0M) | $209.0M | ($789.0M) | $37.0M |
| Net (loss) income attributable to non-controlling interests and redeemable non-controlling interests | ($24.0M) | ($7.0M) | ($29.0M) | $12.0M |
| Adjustment of redeemable non-controlling interest to redemption value | $2.0M | ($2.0M) | ($70.0M) | ($80.0M) |
| Net (loss) income attributable to Flutter shareholders | ($274.0M) | $218.0M | ($690.0M) | $105.0M |
| Basic (in USD per share) | -$1.57 | $1.24 | -$3.91 | $0.59 |
| Diluted (in USD per share) | -$1.57 | $1.23 | -$3.91 | $0.59 |
| Effective portion of changes in fair value of cash flow hedges | ($2.0M) | $17.0M | $12.0M | ($67.0M) |
| Fair value of cash flow hedges transferred to the income statement | ($1.0M) | ($11.0M) | ($13.0M) | $65.0M |
| Changes in excluded components of fair value hedge | $0 | $1.0M | $5.0M | ($1.0M) |
| Foreign exchange gain (loss) on net investment hedges | $46.0M | $1.0M | — | — |
| Foreign exchange (loss) gain on translation of the net assets of foreign currency denominated entities | ($42.0M) | ($132.0M) | ($82.0M) | — |
| Income tax expense related to items of other comprehensive loss | $1.0M | ($1.0M) | — | — |
| Other comprehensive income (loss) | $2.0M | ($125.0M) | ($144.0M) | $745.0M |
| Other comprehensive income (loss) attributable to Flutter shareholders | $4.0M | ($141.0M) | ($181.0M) | $711.0M |
| Other comprehensive (loss) income attributable to non-controlling interest and redeemable non-controlling interest | ($2.0M) | $16.0M | $37.0M | $34.0M |
| Total comprehensive (loss) income | ($294.0M) | $84.0M | ($933.0M) | $782.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2019 · FY | Dec 31, 2018 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.8B | $1.5B | — | $721.1M |
| Cash and cash equivalents – restricted | $72.0M | $48.0M | — | — |
| Player deposits – cash and cash equivalents | $1.9B | $1.9B | — | — |
| Player deposits – investments | $23.0M | $130.0M | — | — |
| Accounts receivable, net | $190.0M | $98.0M | — | — |
| Prepaid expenses and other current assets | $751.0M | $607.0M | $79.6M | $43.9M |
| TOTAL CURRENT ASSETS | $4.8B | $4.3B | $977.6M | $1.0B |
| Investments | $7.0M | $6.0M | — | — |
| Property and equipment, net | $630.0M | $493.0M | — | — |
| Operating lease right-of-use assets | $550.0M | $507.0M | — | — |
| Intangible assets, net | $7.0B | $5.4B | — | — |
| Goodwill | $15.8B | $13.4B | $5.3B | $5.3B |
| Deferred tax assets | $309.0M | $267.0M | — | — |
| Other non-current assets | $144.0M | $175.0M | — | — |
| TOTAL ASSETS | $29.3B | $24.5B | $11.3B | $11.3B |
| Accounts payable | $386.0M | $266.0M | — | — |
| Player deposit liability | $1.9B | $1.9B | — | — |
| Operating lease liabilities | $130.0M | $119.0M | — | — |
| Long-term debt due within one year | $109.0M | $53.0M | — | — |
| Other current liabilities | $2.6B | $2.2B | — | — |
| TOTAL CURRENT LIABILITIES | $5.0B | $4.6B | $1.2B | $1.0B |
| Operating lease liabilities – non-current | $476.0M | $428.0M | — | — |
| Long-term debt | $12.2B | $6.7B | $4.9B | $5.4B |
| Deferred tax liabilities | $1.1B | $605.0M | — | — |
| Other non-current liabilities | $801.0M | $935.0M | — | — |
| TOTAL LIABILITIES | $19.6B | $13.2B | $6.8B | $7.1B |
| REDEEMABLE NON-CONTROLLING INTERESTS | $424.0M | $1.8B | — | — |
| Ordinary share (Authorized 300,000,000 shares of €0.09 (2025:$0.11; 2024:$0.10 ) par value each; issued 2025: 175,224,066 shares; 2024: 177,895,367 shares) | 36.0M | 36.0M | — | — |
| Additional paid-in capital | $2.0B | $1.6B | — | — |
| Accumulated other comprehensive loss | ($1.1B) | ($1.9B) | — | — |
| Retained earnings | $8.1B | $9.6B | $565.6M | $502.8M |
| Total Flutter Shareholders’ Equity | $9.0B | $9.3B | — | — |
| Non-controlling interests | $236.0M | $166.0M | — | — |
| TOTAL SHAREHOLDERS’ EQUITY | $9.3B | $9.5B | — | — |
| TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND SHAREHOLDERS’ EQUITY | $29.3B | $24.5B | — | — |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.6B | $1.5B | $1.7B | $1.7B |
| Cash and cash equivalents – restricted | $72.0M | $73.0M | $68.0M | $79.0M |
| Player deposits – cash and cash equivalents | $2.0B | $1.9B | $1.9B | $1.7B |
| Player deposits – investments | $5.0M | $23.0M | $26.0M | $30.0M |
| Accounts receivable, net | $130.0M | $155.0M | $158.0M | $161.0M |
| Prepaid expenses and other current assets | $761.0M | $817.0M | $864.0M | $665.0M |
| TOTAL CURRENT ASSETS | $4.5B | $4.5B | $4.8B | $4.4B |
| Investments | $6.0M | $6.0M | $7.0M | $7.0M |
| Property and equipment, net | $575.0M | $597.0M | $615.0M | $602.0M |
| Operating lease right-of-use assets | $519.0M | $538.0M | $529.0M | $562.0M |
| Intangible assets, net | $6.5B | $6.7B | $7.2B | $7.5B |
| Goodwill | $15.6B | $15.6B | $15.8B | $16.5B |
| Deferred tax assets | $297.0M | $295.0M | $226.0M | $182.0M |
| Other non-current assets | $194.0M | $175.0M | $135.0M | $95.0M |
| TOTAL ASSETS | $28.2B | $28.5B | $29.3B | $29.9B |
| Accounts payable | $341.0M | $427.0M | $402.0M | $350.0M |
| Player deposit liability | $1.9B | $1.9B | $1.8B | $1.7B |
| Operating lease liabilities | $153.0M | $153.0M | $127.0M | $122.0M |
| Long-term debt due within one year | $106.0M | $171.0M | $146.0M | $70.0M |
| Other current liabilities | $2.6B | $2.4B | $2.4B | $2.4B |
| TOTAL CURRENT LIABILITIES | $5.1B | $5.0B | $5.0B | $4.6B |
| Operating lease liabilities – non-current | $428.0M | $442.0M | $458.0M | $486.0M |
| Long-term debt | $11.9B | $11.8B | $12.0B | $9.9B |
| Deferred tax liabilities | $988.0M | $1.0B | $1.1B | $1.1B |
| Other non-current liabilities | $497.0M | $511.0M | $933.0M | $1.1B |
| TOTAL LIABILITIES | $18.9B | $18.8B | $19.4B | $17.2B |
| REDEEMABLE NON-CONTROLLING INTERESTS | $377.0M | $417.0M | $485.0M | $2.2B |
| Ordinary shares (Authorized 300,000,000 shares of €0.09 (June 30, 2026: $0.10; December 31, 2025: $0.11) par value each; issued June 30, 2026: 173,481,132 shares; December 31, 2025: 175,224,066 shares) | 36.0M | 36.0M | 36.0M | 36.0M |
| Additional paid-in capital | $2.1B | $2.0B | $1.9B | $1.8B |
| Accumulated other comprehensive loss | ($1.2B) | ($1.3B) | ($1.1B) | ($880.0M) |
| Retained earnings | $7.8B | $8.2B | $8.3B | $9.2B |
| Total Flutter Shareholders’ Equity | $8.8B | $9.1B | $9.2B | $10.2B |
| Non-controlling interests | $228.0M | $228.0M | $190.0M | $191.0M |
| TOTAL SHAREHOLDERS’ EQUITY | $9.0B | $9.3B | $9.4B | $10.4B |
| TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND SHAREHOLDERS’ EQUITY | $28.2B | $28.5B | $29.3B | $29.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2019 · FY | Dec 31, 2018 · FY |
|---|---|---|---|---|
| Net (loss) income | ($407.0M) | $162.0M | — | — |
| Depreciation and amortization | $1.5B | $1.1B | — | $282.8M |
| Impairment loss | $561.0M | $0 | — | — |
| Change in fair value of derivatives | ($11.0M) | $2.0M | — | — |
| Non-cash interest expense (income), net | $53.0M | $19.0M | — | — |
| Non-cash operating lease expense | $141.0M | $142.0M | — | — |
| Unrealized foreign currency exchange gain, net | ($88.0M) | ($15.0M) | — | — |
| Loss on disposals | $11.0M | $7.0M | — | — |
| Share-based compensation – equity classified | $246.0M | $196.0M | — | — |
| Share-based compensation – liability classified | $14.0M | $6.0M | — | — |
| Other (income) expense, net | ($300.0M) | $428.0M | — | — |
| Deferred tax benefit | ($145.0M) | ($348.0M) | — | — |
| Loss on extinguishment | $23.0M | $7.0M | — | — |
| Change in contingent consideration | $0 | ($3.0M) | — | — |
| Player deposits - investments | $120.0M | — | — | — |
| Accounts receivable | $0 | ($11.0M) | — | — |
| Prepaid expenses and other current assets | ($60.0M) | ($73.0M) | — | — |
| Accounts payable | ($20.0M) | ($7.0M) | — | — |
| Other liabilities | ($106.0M) | ($104.0M) | — | — |
| Player deposit liability | ($227.0M) | $212.0M | — | — |
| Operating leases liabilities | ($138.0M) | ($148.0M) | — | — |
| Net cash provided by operating activities | $1.2B | $1.6B | — | — |
| Purchases of property and equipment | ($105.0M) | ($144.0M) | — | — |
| Purchases of intangible assets | ($162.0M) | ($136.0M) | — | — |
| Capitalized software | ($510.0M) | ($381.0M) | — | — |
| Acquisitions, net of cash acquired | ($2.7B) | ($160.0M) | — | — |
| Proceeds from disposal of long lived assets | $5.0M | $0 | — | — |
| Cash settlement of derivatives designated in net investment hedge | ($21.0M) | $10.0M | — | — |
| Net cash used in investing activities | ($3.5B) | ($811.0M) | — | — |
| Proceeds from issue of ordinary share upon exercise of options | $7.0M | $30.0M | — | — |
| Proceeds from issuance of long-term debt (net of transactions costs with lenders) | $10.8B | $1.7B | — | — |
| Transaction costs with third parties from issuance of long-term debt | ($22.0M) | — | — | — |
| Repayment of long-term debt | ($5.6B) | ($1.9B) | ($485.8M) | ($3.0B) |
| Acquisition of redeemable non-controlling interests | ($1.6B) | — | — | — |
| Distributions to non-controlling interests | ($29.0M) | ($16.0M) | — | — |
| Payment of contingent consideration | ($19.0M) | $0 | — | — |
| Repurchase of ordinary shares and taxes withheld and paid on employee share awards | -1.1B | -219.0M | — | — |
| Proceeds from sale of non-controlling interests | $10.0M | — | — | — |
| Net cash provided by (used in) financing activities | $2.4B | ($469.0M) | — | — |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $131.0M | $322.0M | — | — |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of year | $3.5B | $3.3B | — | — |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | $192.0M | ($84.0M) | — | — |
| Cash and cash equivalents | $1.8B | $1.5B | — | — |
| Cash and cash equivalents - restricted | $72.0M | $48.0M | — | — |
| Player deposits - cash and cash equivalents | $1.9B | $1.9B | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net (loss) income | ($87.0M) | $209.0M | ($417.0M) | $372.0M |
| Depreciation and amortization | $815.0M | $416.0M | $1.1B | $663.0M |
| Non-cash interest expense, net | $9.0M | $67.0M | $87.0M | $14.0M |
| Non-cash operating lease expense | $81.0M | $35.0M | $106.0M | $71.0M |
| Unrealized foreign currency exchange loss (gain), net | $8.0M | ($20.0M) | ($60.0M) | ($33.0M) |
| Loss on disposals | $6.0M | $2.0M | $1.0M | $0 |
| Share-based compensation – equity classified | $120.0M | $53.0M | $186.0M | $126.0M |
| Share-based compensation – liability classified | ($3.0M) | ($4.0M) | $14.0M | $3.0M |
| Other (income) expense, net | ($333.0M) | ($293.0M) | ($250.0M) | ($124.0M) |
| Deferred tax (benefit) expense | ($90.0M) | ($37.0M) | ($5.0M) | ($16.0M) |
| Loss on extinguishment | $0 | — | $23.0M | $14.0M |
| Player deposits - investments | $13.0M | ($5.0M) | — | — |
| Accounts receivable | $56.0M | $32.0M | $31.0M | $28.0M |
| Prepaid expenses and other current assets | ($49.0M) | ($43.0M) | ($29.0M) | $57.0M |
| Accounts payable | ($20.0M) | $65.0M | $47.0M | ($6.0M) |
| Other liabilities | $188.0M | ($140.0M) | ($385.0M) | ($289.0M) |
| Player deposit liability | $51.0M | $20.0M | ($244.0M) | ($382.0M) |
| Operating leases liabilities | ($72.0M) | ($27.0M) | ($96.0M) | ($64.0M) |
| Net cash provided by operating activities | $693.0M | $330.0M | $756.0M | $547.0M |
| Purchases of property and equipment | ($39.0M) | ($25.0M) | ($69.0M) | ($56.0M) |
| Purchases of intangible assets | ($57.0M) | ($32.0M) | ($105.0M) | ($42.0M) |
| Capitalized software | ($255.0M) | ($120.0M) | ($313.0M) | ($205.0M) |
| Acquisitions, net of cash acquired | $0 | — | ($2.7B) | ($2.7B) |
| Proceeds from disposal of intangible assets | $0 | $0 | $5.0M | $5.0M |
| Cash settlement of derivatives designated in net investment hedge | $9.0M | $5.0M | $35.0M | $21.0M |
| Net cash used in investing activities | ($342.0M) | ($172.0M) | ($3.1B) | ($3.0B) |
| Proceeds from issue of ordinary share upon exercise of options | $6.0M | $4.0M | $7.0M | $6.0M |
| Proceeds from issuance of long-term debt (net of transactions costs with lenders) | $856.0M | $450.0M | $10.1B | $6.0B |
| Transaction costs with third parties from issuance of long-term debt | ($6.0M) | ($6.0M) | ($20.0M) | — |
| Repayment of long-term debt | ($1.1B) | ($744.0M) | ($5.1B) | ($3.1B) |
| Distributions to non-controlling interests | ($20.0M) | ($12.0M) | ($20.0M) | ($9.0M) |
| Payment of contingent consideration | $0 | $0 | ($16.0M) | ($16.0M) |
| Purchases of intangible assets with extended payment terms | ($30.0M) | ($15.0M) | — | — |
| Repurchase of ordinary shares and taxes withheld and paid on employee share awards | -264.0M | -135.0M | -844.0M | -583.0M |
| Net cash (used in) provided by financing activities | ($513.0M) | ($458.0M) | $2.5B | $2.3B |
| NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ($162.0M) | ($300.0M) | $138.0M | ($156.0M) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period | $3.8B | $3.8B | $3.5B | $3.5B |
| Effect of foreign exchange on cash, cash equivalents and restricted cash | ($49.0M) | ($27.0M) | $87.0M | $162.0M |
| Cash and cash equivalents | $1.6B | $1.5B | $1.7B | $1.7B |
| Cash and cash equivalents - restricted | $72.0M | $73.0M | $68.0M | $79.0M |
| Player deposits - cash & cash equivalents | $2.0B | $1.9B | $1.9B | $1.7B |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period: | $3.6B | $3.5B | $3.7B | $3.5B |
| Interest paid | $325.0M | $97.0M | $321.0M | $217.0M |
| Income tax paid (net of refunds) | $159.0M | $77.0M | $326.0M | $252.0M |
| Operating cash flows from operating leases | $91.0M | $36.0M | $124.0M | $82.0M |
Flutter Entertainment Plc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.