Flutter Entertainment plc FLUT

Technology SIC 7370 - Services-Computer Programming, Data Processing, Etc. NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services derived NYSE

The Company's legal name is Flutter Entertainment plc. 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 with the registration number 16956. The Company, which would later operate under the name Paddy Power plc, was then formed in 1988 through the merger of three independent bookmakers, including Corcoran's Management Limited. The Company re-registered as a public limited company on November 15, 2000, and, in December 2000, it listed on the Irish Stock Exchange and the London Stock Exchange ("LSE"). The Company merged with Betfair Group plc on February 2, 2016, and changed its name to Paddy Power Betfair plc. The Company then changed its name to Flutter Entertainment plc on May 28, 2019. On January 29, 2024, the Company completed its registration process with the United States Securities and Exchange Commission ("SEC"), and listed on the New York Stock Exchange ("NYSE") for public trading. Since listing on the NYSE, the Company has maintained its status on the LSE and delisted from the Irish Stock Exchange. On May 31, 2024, the Company moved its primary listing to the NYSE following the approval of shareholders at the Company's Annual General Meeting held on May 1, 2024.

Last close 80.09 2026-10-23
Market cap $13.90B 2026-06-30 share count
52-week range 72.56 - 245.71

Valuation FY2025 figures against the last close

P/S0.8x
P/E—
P/FCF12.9x
EV/EBITDA15.7x
Dividend yield—
Diluted EPS-1.75

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • UK
  • Italy
  • Rest of the world
  • Australia
  • Ireland
Revenue by geography, 6 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 6.8B (41.3%) 41% U.S. UK, FY2025: 3.2B (19.5%) 20% UK Italy, FY2025: 2.5B (15.5%) 15% Italy Rest of the world, FY2025: 2.3B (13.8%) 14% Rest of the world Australia, FY2025: 1.3B (8.0%) 8% Australia Ireland, FY2025: 303M (1.8%) FY2024 U.S., FY2024: 5.7B (40.8%) 41% UK, FY2024: 3.3B (23.3%) 23% Italy, FY2024: 1.5B (10.6%) 11% Rest of the world, FY2024: 1.9B (13.2%) 13% Australia, FY2024: 1.4B (9.9%) 10% Ireland, FY2024: 304M (2.2%) FY2023 U.S., FY2023: 4.4B (37.2%) 37% UK, FY2023: 2.7B (23.2%) 23% Italy, FY2023: 1.4B (11.5%) 11% Rest of the world, FY2023: 1.6B (13.2%) 13% Australia, FY2023: 1.4B (12.3%) 12% Ireland, FY2023: 305M (2.6%)
Region FY2025FY2024FY2023
U.S. $6.77B $5.73B $4.39B
UK $3.20B $3.28B $2.74B
Italy $2.53B $1.48B $1.35B
Rest of the world $2.27B $1.85B $1.55B
Australia $1.31B $1.40B $1.45B
Ireland $303.0M $304.0M $305.0M

As the company reported it, from the “SEGMENTS AND DISAGGREGATION OF REVENUE - Schedule of Revenue by Geographical Market (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • International
  • U.S.
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 International, FY2025: 9.4B (57.5%) 57% International U.S., FY2025: 7B (42.5%) 43% U.S. FY2024 International, FY2024: 8.2B (58.7%) 59% U.S., FY2024: 5.8B (41.3%) 41% FY2023 International, FY2023: 7.4B (62.6%) 63% U.S., FY2023: 4.4B (37.4%) 37%
Segment FY2025FY2024FY2023
International $9.42B $8.25B $7.39B
U.S. $6.97B $5.80B $4.40B

As the company reported it, from the “SEGMENTS AND DISAGGREGATION OF REVENUE - Schedule of Group's Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2019FY2018FY2017FY2016FY2015
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——————
Gross profit $7.40B$6.70B$5.59B$4.65B——————
R&D $991.0M$820.0M$765.0M$552.0M——————
SG&A $2.18B$1.81B$1.60B$1.17B——————
Operating income $36.0M$869.0M-$549.0M-$88.0M—$264.2M$260.1M$447.4M——
Pre-tax income -$121.0M$16.0M-$1.09B-$295.0M——————
Income tax $286.0M$146.0M$120.0M$75.0M——————
Net income -$407.0M$162.0M-$1.21B-$370.0M—$61.9M-$108.9M$259.3M$135.6M—
EPS, basic -1.750.24-6.89-2.44——————
EPS, diluted -1.750.24-6.89-2.44——————
Shares, diluted (wtd. avg.) 177.0M180.0M177.0M177.0M——————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2019FY2018FY2017FY2016FY2015
Cash and equivalents $1.83B$1.53B$1.50B$966.0M——————
Short-term investments $23.0M$130.0M$172.0M———————
Receivables $190.0M$98.0M$90.0M———————
Total current assets $4.80B$4.34B$3.98B———————
Property, plant and equipment $630.0M$493.0M$471.0M———————
Goodwill $15.82B$13.35B$13.74B$13.24B——————
Other intangibles $7.02B$5.36B$5.88B———————
Total assets $29.28B$24.51B$24.64B——$11.28B$11.27B$5.42B$5.46B—
Accounts payable $386.0M$266.0M$240.0M———————
Short-term debt $109.0M$53.0M$51.0M———————
Total current liabilities $5.04B$4.59B$4.53B———————
Long-term debt $12.16B$6.68B$7.00B———————
Total liabilities $19.58B$13.24B$13.27B———————
Retained earnings $8.12B$9.57B$10.11B———————
Total equity $9.04B$9.29B$10.22B$11.19B$12.16B$4.52B$4.15B$2.35B$2.20B$2.02B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2019FY2018FY2017FY2016FY2015
Operating cash flow $1.18B$1.60B$937.0M$1.16B——————
Depreciation and amortisation $1.52B$1.10B$1.28B$1.07B——————
Stock-based compensation $246.0M$196.0M$180.0M$132.0M——————
Capital expenditure $105.0M$144.0M$159.0M$122.0M——————
Investing cash flow -$3.48B-$811.0M-$602.0M-$2.52B——————
Financing cash flow $2.43B-$469.0M-$113.0M$1.78B——————
Buybacks $1.12B$219.0M$212.0M$3.0M——————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001635327-26-000037.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B 20B Revenue, FY2016: 1.2B Net income, FY2016: 135.6M Revenue, FY2017: 1.3B Net income, FY2017: 259.3M Revenue, FY2018: 2B Net income, FY2018: -108.9M Revenue, FY2019: 2.5B Net income, FY2019: 61.9M Revenue, FY2022: 9.5B Gross profit, FY2022: 4.7B Net income, FY2022: -370M Revenue, FY2023: 11.8B Gross profit, FY2023: 5.6B Net income, FY2023: -1.2B Revenue, FY2024: 14B Gross profit, FY2024: 6.7B Net income, FY2024: 162M Revenue, FY2025: 16.4B Gross profit, FY2025: 7.4B Net income, FY2025: -407M FY2015 FY2016 FY2017 FY2018 FY2019 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2015FY2016FY2017FY2018FY2019FY2021FY2022FY2023FY2024FY2025
Revenue — $1.16B $1.31B $2.03B $2.53B — $9.46B $11.79B $14.05B $16.38B
Gross profit — — — — — — $4.65B $5.59B $6.70B $7.40B
Net income — $135.6M $259.3M -$108.9M $61.9M — -$370.0M -$1.21B $162.0M -$407.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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