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Flutter Entertainment Business Segments

Business, geographic, and product segment breakdowns

Flutter Entertainment generates $17.0B in annual revenue across 2 key segments: International ($638.0M), and U.S. ($247.0M). The company-wide operating margin is -0.63%. Based on the Q1 2026 filing.

International (TTM)$638.0MU.S. (TTM)$247.0M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$19.2B
ROE-5.74%

Geographic

Long lived assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Australia$9M———$9M—
Ireland$70M———$68M—
Italy$93M———$228M—
U.S.$123M———$115M—
UK$99M———$107M—

Business Segments

Depreciation and amortization excluding amortization of acquired intangibles

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International$101M$96M$118M$144M$145M$152M
U.S.$28M$29M$30M$31M$31M$36M

Depreciation And Amortization Expense And Share-Based Compensation Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International$115M$114M$142M$169M$166M$161M
U.S.$53M$57M$63M$63M$57M$64M

Share-based compensation expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.$25M$28M$33M$32M$26M$28M
International$14M$18M$24M$25M$21M$9M

Number of states, daily fantasy sports (DFS) offering availability

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.44.00———43.00—

Number of states, expected product availability

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.————5.00—

Number of states, free-to-play products availability

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.50.00———50.00—

Number of states, online casino availability

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.5.00———5.00—

Number of states, online horse racing product availability

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.32.00———32.00—

Number of states, sportsbook availability

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.23.00———25.00—