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Flutter Entertainment FLUT Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$4.7BMiss by $196.1MDiluted EPS$1.74Miss by $0.11
Revenue estimate$4.9B
EPS estimate$1.85

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$4.3B
EPS estimate$0.62

Financials

Q4 2025

Income statement

See full
Revenue$4.7B+24.9%
Gross profit$2.1B+15.6%
Operating income$258.0M-7.5%
Net income--100%
EPS (diluted)-$0.03-107%

Balance sheet

See full
Cash & equivalents$1.8B+19.4%
Total debt$12.9B+76.7%
Total equity$9.0B-2.7%
Total assets$29.3B+19.5%

Cash flow

See full
Operating cash flow$428.0M-34.4%
CapEx$36.0M-36.8%
Free cash flow$392.0M-34.1%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$37.67B-19.0%
Enterprise value$48.71B-6.8%
P/S2.3×-1.0×

Profitability

See full
Gross margin45.2%-2.5pp
Operating margin0.2%-6.0pp
Net margin-2.5%-3.7pp
FCF margin6.6%-3.8pp

Returns & leverage

See full
Return on equity-4.5%-6.2pp
Debt / equity1.4×+0.6×
Current ratio1×0.0×

Segments

By geography

See full
Southern Europe and Africa$898.0M+105%
UKI$876.0M-9.1%
Asia Pacific$350.0M-10.5%
Other regions$209.0M-5.0%
Central and Eastern Europe$175.0M+17.4%

By product

See full
Sportsbook$2.6B+21.3%
iGaming$2.0B+31.9%
Other$133.0M+3.1%

By segment

See full
International$2.6B+19.0%
U.S.$2.1B+29.4%

Versus estimates

Revenue

Q1 2026$4.3BBeat by $68.3M
Q4 2025$4.7BMiss by $196.1M
Q3 2025$3.8BMiss by $31.8MQ2 2025$4.2BBeat by $58.2MQ1 2025$3.7BMiss by $99.0MQ4 2024$3.8BBeat by $44.1M

Diluted EPS

Q1 2026$1.22Beat by $0.13
Q4 2025$1.74Miss by $0.11
Q3 2025$1.64Beat by $1.03Q2 2025$2.95Beat by $0.71Q1 2025$1.59Miss by $0.32Q4 2024$2.94Beat by $0.98

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Questions, answered.

When did Flutter Entertainment report Q4 2025 earnings?
Flutter Entertainment (FLUT) reported Q4 2025 earnings on February 26, 2026 after market close.
What were Flutter Entertainment's Q4 2025 revenue and EPS?
Flutter Entertainment reported revenue of $4.7B and diluted EPS of $1.74 for Q4 2025.
Did Flutter Entertainment beat estimates in Q4 2025?
Revenue missed the consensus estimate of $4.9B by $196.1M. EPS missed the consensus estimate of $1.85 by $0.11.
How did Flutter Entertainment's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 24.9% from $3.8B a year earlier and diluted EPS declined 40.8% from $2.94.
Where can I find Flutter Entertainment's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-076569) and the 10-K periodic report (0001635327-26-000005) directly on SEC EDGAR. The filing index links above go to sec.gov.