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Flutter Entertainment plc (FLUT) stock

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NYSE: FLUT NYSE Casinos & Gaming Next results ~November 4, 2026

Flutter Entertainment plc is a US-listed company in the casinos & gaming industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Flutter Entertainment plc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders7 buying, 15 selling8 purchases and 22 sales by directors and officers, last 12 monthsInsider trades
  • Funds189 adding, 271 cuttingOf 59 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Flutter Entertainment files

Where Flutter Entertainment Plc stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $17.2bn, up 15.2% on a year earlier, slower than 18.9% a quarter earlier. Free-cash-flow margin fell to 7.2% from 9.0% a year earlier. Operating margin narrowed to -3.7% from 6.6%. The diluted share count is down 2.8% on a year earlier, which lifts each remaining share. It passes 0 of our 6 financial-health checks.

Our model value for Flutter Entertainment is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Flutter Entertainment plc's trailing-twelve-month revenue grew 15.2% year on year, with a free-cash-flow margin of 7.2%.

Our discounted-cash-flow model values the business at ~$260 per share in the base case (~$180–$370 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Gross margin compressing: TTM gross margin fell to 42.5%, down 4.5pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 15.2% over the last 12 months.
  • Shrinking share count. Diluted shares fell 2.8% in a year, so each share owns more of the business.

Things to watch

  • Loss-making. Operating margin is -3.7%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 10.4 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 50% and a beta of 0.6 against the S&P 500.
  • Growth easing. The growth rate is 3.7 points lower than a quarter earlier.
  • Gross margin slipping. Gross margin is down 4.5 points on a year ago.
  • Heavily shorted. 11.2% of the shares available to trade are sold short (5.0 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.49 against an average estimate of $0.55: missed by 11.7%
Revenue
$4.33bn, up 3.3% on a year earlier
Share reaction
-11.4% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
percentage of full year revenue expected in Q3 20% (Q3); percentage of full year revenue expected in Q3 24% (Q3)
Next report
November 4, 2026; average EPS estimate $0.25

Flutter Entertainment's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+6.1%
  • 1 week+9.3%
  • 1 month+17.2%
  • This year-59.2%
  • 1 year-62.3%
  • 5 years-50.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$17.2B
Operating margin
-3.7%
Net margin
-4.4%
EPS (TTM, diluted)
$-4.30

Growth

Revenue growth
+15.2%
Change in growth rate
−3.7 pts
Share count change
−2.8%

Cash

Free cash flow (TTM)
$1.2B
FCF margin
7.2%
Stock pay % of revenue
1.4%

Earnings

Last results
August 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Restructuring
  3. Leadership
  4. Announcement
  5. Results
  6. Leadership
  7. Guidance
  8. Announcement
  9. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Flutter Entertainment plc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Our value per share comes from a discounted-cash-flow model of Flutter Entertainment plc's free cash flow after stock-based pay ( $1.8B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Flutter Entertainment plc as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$260 ~$180–$370 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$24 ~$21–$30 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Flutter Entertainment plc with Casinos & Gaming in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025Now
Share price$134.75$179.00$258.45$215.04$87.66
Market value$23.9bn$31.7bn$46.5bn$38.1bn$15.4bn
+ Net debt (− = net cash)−$966m$5.6bn$5.3bn$10.5bn$10.5bn
Enterprise value$22.9bn$37.3bn$51.8bn$48.6bn$25.9bn
Multiples
Price / sales 2.5x2.7x3.3x2.3x0.9x
Price / earnings ——n/m——
Price / free cash flow 22.9x40.7x31.9x35.3x12.4x
EV / EBITDA 23.2x50.7x26.3x31.3x25.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $4.0bn and EPS of $0.25 (range −$0.20 to $0.64) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.70 −41% $17.8bn +9%
Next $1.62 +258% $19.3bn +8%

Next year's EPS estimate has moved −54.6% in 90 days, across 12 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −18.5% on 90 days ago. In the last 30 days, 2 analysts raised Flutter Entertainment plc's forecast and 7 cut it.

Consensus EPS forecast Flutter Entertainment plc, last 90 days
$0.00 $2.00 $4.00 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.77 Current fiscal year, 60 days ago: $5.02 Current fiscal year, 30 days ago: $4.89 Current fiscal year, 7 days ago: $4.73 Current fiscal year, Now: $4.70 $4.70 Next fiscal year, 90 days ago: $3.57 Next fiscal year, 60 days ago: $1.59 Next fiscal year, 30 days ago: $1.93 Next fiscal year, 7 days ago: $1.67 Next fiscal year, Now: $1.62 $1.62

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.77$3.57
60 days ago $5.02$1.59
30 days ago $4.89$1.93
7 days ago $4.73$1.67
Now $4.70$1.62

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.55 $0.49 −11.7%
Mar 2026 $1.09 $1.22 +12.3%
Dec 2025 $1.57 $1.74 +10.7%
Sept 2025 $0.50 $1.64 +227.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Expected market-making revenue and adjusted EBITDA benefit 2026 about $50m
    “Expected market-making revenue and adjusted EBITDA benefit of $50m for 2026 (Q2 revenue: $6m)” source
  • Additional operating cost savings delivered through efficiency program · US 2026 about $45m
    “Additional operating cost savings of $45m, delivered through our efficiency program” source
  • Percentage of full year revenue expected in Q3 · US about 20%
    “We expect approximately 20% of full year revenue to arise in Q3 with adjusted EBITDA expected to be approximately breakeven in the quarter.” source
  • Percentage of full year revenue expected in Q3 · International about 24%
    “We expect approximately 24% of full year revenue and 23% of full year adjusted EBITDA to arise in Q3.” source
  • Percentage of full year adjusted EBITDA expected in Q3 · International about 23% Non-GAAP
    “We expect approximately 24% of full year revenue and 23% of full year adjusted EBITDA to arise in Q3.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Flutter Entertainment plc's revenue by +10.3% next year and +12.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.1%, weight 70%) and the company's own record (+15.2%, weight 30%) . How the weights are set.

Analyst recommendations

33 analysts, Oct 2026
Buy2370%
Hold927%
Sell13%

Monthly trend

  1. Oct 2026419933
  2. Sep 20264181033
  3. Aug 2026418831
  4. Jul 2026516730

Counts of recommendations published by analysts covering Flutter Entertainment plc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.2%
of tradable shares
Days to cover
5.01
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
85%
of shares
Held by insiders
19.0%
of shares
Employees
28,518
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −62.3%

$232.59 on October 31, 2025 to $87.66

ThenNowEffect
Revenue (last 12 months) $14.9bn $17.2bn +15.2%
P/S multiple 2.8x 0.9x −68.2%
Share count 180m 175m +2.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FLUT−24%−14%+33%+44%−17%−59%
Industry peers (median)+26%−24%+13%−10%−7%−16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FLUT42%33%58%58%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FLUT−44%−46%−29%−21%−38%−67%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 76% from August 28, 2025 to October 14, 2026. Getting back needed a 316% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$74.26 – $234.45
From 52-week high
−62.6%
vs 50-day average
+1.0%
vs 200-day average
−17.4%
Volatility (1 year)
50%
Beta vs S&P 500
0.62

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±6.3%
After a week
5 up, 7 down
typical move ±6.9%
After a month
4 up, 8 down
typical move ±9.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −11.4% −0.4% −6.6% −2.5%
May 6, 2026 −2.1% +1.1% −8.1% −2.7%
February 26, 2026 −11.4% −1.0% −4.4% −16.1%
November 12, 2025 −13.3% −1.6% −16.6% −3.8%
August 7, 2025 −8.6% +0.7% −5.9% −6.2%
May 7, 2025 −1.7% +1.1% +1.1% +1.7%
March 4, 2025 −0.5% −0.1% −14.8% −15.4%
January 7, 2025 +0.3% −1.0% +0.1% +5.3%
November 12, 2024 +5.8% −0.3% +4.9% +12.0%
August 13, 2024 +9.9% +2.0% +8.8% +16.6%
May 14, 2024 +3.7% +1.7% +2.7% −12.5%
March 26, 2024 −6.8% +0.7% −8.2% −13.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Flutter Entertainment plc
$10B $12B $14B $16B $18B FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue (TTM), FY23 Q4: $11.8B Revenue (TTM), FY24 Q1: $12.3B Revenue (TTM), FY24 Q2: $12.9B Revenue (TTM), FY24 Q3: $13.6B Revenue (TTM), FY24 Q4: $14B Revenue (TTM), FY25 Q1: $14.3B Revenue (TTM), FY25 Q2: $14.9B Revenue (TTM), FY25 Q3: $15.4B Revenue (TTM), FY25 Q4: $16.4B Revenue (TTM), FY26 Q1: $17B Revenue (TTM), FY26 Q2: $17.2B $17.2B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $11.8B
FY24 Q1 $12.3B
FY24 Q2 $12.9B
FY24 Q3 $13.6B
FY24 Q4 $14B
FY25 Q1 $14.3B
FY25 Q2 $14.9B
FY25 Q3 $15.4B
FY25 Q4 $16.4B
FY26 Q1 $17B
FY26 Q2 $17.2B
Revenue growth, TTM YoY Flutter Entertainment plc
12% 14% 16% 18% 20% FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY24 Q4: 19.2% Revenue growth, TTM YoY, FY25 Q1: 16.7% Revenue growth, TTM YoY, FY25 Q2: 15.6% Revenue growth, TTM YoY, FY25 Q3: 13.8% Revenue growth, TTM YoY, FY25 Q4: 16.6% Revenue growth, TTM YoY, FY26 Q1: 18.9% Revenue growth, TTM YoY, FY26 Q2: 15.2% 15.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q4 19.2%
FY25 Q1 16.7%
FY25 Q2 15.6%
FY25 Q3 13.8%
FY25 Q4 16.6%
FY26 Q1 18.9%
FY26 Q2 15.2%
Operating margin (TTM) Flutter Entertainment plc
-5% 0% 5% 10% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Operating margin (TTM), FY23 Q4: -4.7% Operating margin (TTM), FY24 Q1: -3.3% Operating margin (TTM), FY24 Q2: -2.0% Operating margin (TTM), FY24 Q3: -0.2% Operating margin (TTM), FY24 Q4: 6.2% Operating margin (TTM), FY25 Q1: 6.8% Operating margin (TTM), FY25 Q2: 6.6% Operating margin (TTM), FY25 Q3: 0.4% Operating margin (TTM), FY25 Q4: 0.2% Operating margin (TTM), FY26 Q1: -0.6% Operating margin (TTM), FY26 Q2: -3.7% -3.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -4.7%
FY24 Q1 -3.3%
FY24 Q2 -2.0%
FY24 Q3 -0.2%
FY24 Q4 6.2%
FY25 Q1 6.8%
FY25 Q2 6.6%
FY25 Q3 0.4%
FY25 Q4 0.2%
FY26 Q1 -0.6%
FY26 Q2 -3.7%
FCF margin (TTM) Flutter Entertainment plc
6% 8% 10% 12% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FCF margin (TTM), FY23 Q4: 6.6% FCF margin (TTM), FY24 Q1: 9.5% FCF margin (TTM), FY24 Q2: 11.2% FCF margin (TTM), FY24 Q3: 8.6% FCF margin (TTM), FY24 Q4: 10.4% FCF margin (TTM), FY25 Q1: 9.2% FCF margin (TTM), FY25 Q2: 9.0% FCF margin (TTM), FY25 Q3: 8.3% FCF margin (TTM), FY25 Q4: 6.6% FCF margin (TTM), FY26 Q1: 7.1% FCF margin (TTM), FY26 Q2: 7.2% 7.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 6.6%
FY24 Q1 9.5%
FY24 Q2 11.2%
FY24 Q3 8.6%
FY24 Q4 10.4%
FY25 Q1 9.2%
FY25 Q2 9.0%
FY25 Q3 8.3%
FY25 Q4 6.6%
FY26 Q1 7.1%
FY26 Q2 7.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 40-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 9.5 11.8 14.0 16.4 17.2
Gross profit 4.7 5.6 6.7 7.4 7.3
EBITDA 1.0 0.7 2.0 1.6 1.0
Operating income −0.1 −0.5 0.9 0.0 −0.6
Net income −0.4 −1.2 0.0 −0.3 −0.8
Diluted EPS −$2.44 −$6.89 $0.24 −$1.75 −$4.30
Growth (year on year)
Revenue — +24.6% +19.2% +16.6% +15.2%
EBITDA — −25.4% +167.1% −21.0% −52.8%
Operating income — — — −95.9% −164.9%
Net income — — — — −306.0%
Diluted EPS — — — — −311.9%
Margins
Gross margin 49.1% 47.4% 47.7% 45.2% 42.5%
EBITDA margin 10.4% 6.2% 14.0% 9.5% 6.0%
Operating margin −0.9% −4.7% 6.2% 0.2% −3.7%
Net margin −4.6% −10.4% 0.3% −1.9% −4.4%
Free-cash-flow margin 11.0% 6.6% 10.4% 6.6% 7.2%
Cash flow
Cash from operations 1.2 0.9 1.6 1.2 1.3
Capital spending 0.1 0.2 0.1 0.1 0.1
Free cash flow 1.0 0.8 1.5 1.1 1.2
Stock-based pay 0.1 0.2 0.2 0.2 0.2
Free cash flow after stock pay 0.9 0.6 1.3 0.8 1.0
Balance sheet
Cash 1.0 1.5 1.5 1.8 1.6
Total debt 0.0 7.1 6.8 12.4 12.1
Net debt (negative = net cash) −1.0 5.6 5.3 10.5 10.5
Diluted shares 177m 177m 180m 177m 175m
Returned to shareholders
Buybacks 0.0 0.2 0.2 1.1 0.8
Total returned 0.0 0.2 0.2 1.1 0.8

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 6 checks passed · June 30, 2026
What it owns · $28.2bn
Short-term assets $4.5bnLonger-term assets $23.7bn
What it owes, and who funded it · $27.6bn
Short-term liabilities $5.1bnLonger-term liabilities $13.8bnShareholders' equity $8.8bn
  • Short-term assets cover short-term liabilities $4.5bn of assets due within a year against $5.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.5bn short-term assets against $13.8bn of longer-dated liabilities.
  • More cash than debt $1.6bn of cash against $12.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 137% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.3bn of operating cash flow against $12.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of −$641m against $680m of interest.

From Flutter Entertainment plc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$804M
Returned to shareholders
65%
of free cash flow
Buybacks, last 3 fiscal years
$1.6B
Diluted share count
−2.8%
year over year
Total shareholder yield
5.2%
dividends 0.0% + buybacks 5.2% of market value
R&D spending
6.3%
of revenue

Competitors: side by side with peers

Closest by revenue in casinos & gaming
Last 12 months unless stated FLUT MGM LVS CZR WYNN PENN Median
Revenue, last 12 months $17.2bn $17.7bn $13.6bn $11.7bn $7.4bn $7.2bn $2.5bn
Revenue growth, last 12 months 15.2% 2.6% 10.9% 3.1% 6.4% 6.1% 6.1%
Revenue growth, 3-year average — 4.8% 16.6% 0.6% 14.7% 3.0% 6.5%
Revenue growth, latest quarter 3.3% −0.9% −3.5% 2.5% 6.9% 5.2% 2.5%
Operating margin −3.7% 7.0% 20.9% 15.4% 15.7% −7.9% 9.9%
Operating margin, 3-year average 0.3% 7.3% 21.7% 18.0% 15.1% −7.5% 6.9%
Net margin −4.4% 3.9% 11.8% −4.5% 6.1% −12.7% 2.6%
Cash from operations / revenue 7.8% 13.1% 25.6% 10.6% 19.7% 9.1% 14.3%
Free-cash-flow margin 7.2% 7.9% 17.7% 5.0% 10.7% 1.3% 8.2%
Free-cash-flow margin, 3-year average 9.1% 7.8% 15.2% 2.4% 11.6% −1.0% 6.1%
Stock pay / revenue 1.4% 0.5% 0.5% 0.8% 1.2% 0.8% 1.0%
Change in share count −2.8% −8.4% −6.1% −3.0% −3.2% −14.1% −2.8%

Median of all 23 companies we cover in casinos & gaming. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
International $9.4B 57.5% ▲ 14.1%
United States $7B 42.5% ▲ 20.2%
Geography
Region Revenue Share YoY
United States $6.8B 41.3% ▲ 18.1%
United Kingdom $3.2B 19.5% ▼ 2.5%
IT $2.5B 15.5% ▲ 70.6%
Rest of The World $2.3B 13.8% ▲ 22.3%
Australia $1.3B 8.0% ▼ 5.9%
Ireland $303M 1.8% ▼ 0.3%

From Flutter Entertainment plc's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$14.8B
Institutions reporting
399
Shares held vs prior quarter
▲ 2.4%
Positions opened / closed
52 / 102

Top buyers and sellers, Q2 2026: 189 institutions bought and 271 sold ; the biggest buyer was CIBC Bancorp Usa Inc (+5.1M shares) and the biggest seller Capital International Investors (−3.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Parvus Asset Management Jersey Ltd $1.6B 15.2M 10.5% ▲ 30.8%
CIBC Bancorp Usa Inc. $1.3B 12.6M 8.7% ▲ 68.6%
Capital World Investors $865M 8.5M 5.9% ▼ 3.2%
Blackrock, Inc. $834M 8.2M 5.6% ▼ 13.2%
Caledonia (Private) Investments Pty Ltd $825M 8.1M 5.6% ▼ 5.3%
Vanguard Capital Management LLC $684M 6.7M 4.6% ▼ 0.2%
HSBC Holdings PLC $607M 6.0M 4.1% ▲ 6.9%
Vanguard Portfolio Management LLC $587M 5.7M 4.0% ▼ 15.0%
Bank Of America Corp $524M 5.1M 3.5% ▲ 141.9%
Massachusetts Financial Services Co $410M 4.0M 2.8% ▲ 22.1%
Amundi $400M 3.9M 2.7% ▲ 90.2%
Capital Research Global Investors $398M 3.9M 2.7% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Flutter Entertainment plc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1M 8 trades by 7 insiders, last 12 months Insider sales History → $3.1M 22 trades by 15 insiders · 0% under pre-set plans
Net ▼ $2.1M net selling
Insider Date Trade Shares Price Value
Coldrake Robert Chief Financial Officer September 1, 2026 Sell 710 $97.86 $69,481
Liu Don H Chief Legal Officer September 1, 2026 Sell 565 $97.86 $55,291
Jackson Jeremy Peter Chief Executive Officer September 1, 2026 Sell 1,762 $97.86 $172,429
Bishop James Philip Chief Operating Officer September 1, 2026 Sell 741 $97.86 $72,514
Taylor Daniel Mark President FLUT; CEO FLUT Intl September 1, 2026 Sell 791 $97.86 $77,407
Jackson Jeremy Peter Chief Executive Officer August 19, 2026 Sell 2,112 $93.32 $197,092
Bennett Robert R Director May 28, 2026 Sell 135 $94.63 $12,775
Koeppel Holly K Director May 28, 2026 Sell 135 $94.63 $12,775
Cruickshank Nancy Director May 28, 2026 Sell 152 $94.63 $14,384
Bryant John A Director May 28, 2026 Sell 214 $94.63 $20,251
Dubuc Nancy Director May 28, 2026 Sell 135 $94.63 $12,775
Hurley Alfred F Jr 10% owner May 28, 2026 Sell 135 $94.63 $12,775

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 24, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 26, 2026
  • November 12, 2025
  • August 7, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Flutter Entertainment plc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Flutter Entertainment plc in brief

What does Flutter Entertainment plc do?
Flutter Entertainment plc is a US-listed company in the casinos & gaming industry. Its financial year ends in December.
What is Flutter Entertainment plc's stock ticker?
Flutter Entertainment plc trades under the ticker FLUT on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Flutter Entertainment plc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Flutter Entertainment plc reported revenue of $17.2B, 15.2% higher than a year earlier, according to its SEC filings.
What is Flutter Entertainment plc's free cash flow?
Flutter Entertainment plc's free-cash-flow margin is 7.2% of revenue over the trailing twelve months.
Who are Flutter Entertainment plc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Parvus Asset Management Jersey Ltd, CIBC Bancorp Usa Inc. and Capital World Investors. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Flutter Entertainment plc buying back stock, and does it pay a dividend?
Flutter Entertainment plc spent $804M on share repurchases over the trailing twelve months, and its diluted share count fell 2.8% over the year.
What is Flutter Entertainment plc's market cap?
On November 2, 2026, Flutter Entertainment plc's market capitalisation was about $15.4B and net debt of $10.5B. Market figures come from third-party market data and may be delayed.
How much debt does Flutter Entertainment plc have?
Flutter Entertainment plc's debt-to-equity ratio is 136.9%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Flutter Entertainment plc's competitors?
In our Casinos & Gaming peer group, the companies closest to Flutter Entertainment plc are MGM Resorts, Las Vegas Sands, Caesars Entertainment, Inc., Wynn Resorts and Penn Entertainment, Inc. The side-by-side comparison below sets their revenue, margins and growth against Flutter Entertainment plc's.
Are insiders buying or selling Flutter Entertainment plc stock?
Over the last 12 months, Flutter Entertainment plc's directors and officers reported 8 open-market purchases and 22 sales on Form 4. The insider trading page charts every trade.
When is Flutter Entertainment plc's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Flutter Entertainment plc announces its own schedule.