Flutter Entertainment (FLUT) Cost of Revenue (2023 - 2026)

Flutter Entertainment (FLUT) posted Cost of Revenue of $2.5 billion for Q1 2026, down 6.09% on a QoQ basis from $2.6 billion in Q4 2025, and up 26.12% year-over-year from $2.0 billion in Q1 2025.

Flutter Entertainment (FLUT) Cost of Revenue (2023 - 2026) Analysis & Trends

Flutter Entertainment's Cost of Revenue history runs 4 years deep, the most recent figure standing at $2.5 billion for Q1 2026.

  • Quarterly Cost of Revenue rose 26.12% year-over-year to $2.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $9.5 billion (up 26.38% YoY) and the FY2025 annual result came in at $9.0 billion, up 22.23% from the prior year.
  • Cost of Revenue was $2.5 billion for Q1 2026 at Flutter Entertainment, down from $2.6 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $2.6 billion in Q4 2025 and bottomed at $1.4 billion in Q3 2023.
  • A 4-year average of $1.9 billion and a median of $1.8 billion in 2024 frame the typical range for Cost of Revenue.
  • Peak annual rise in Cost of Revenue reached 33.62% in 2025, while the deepest fall reached 9.09% in 2025.
  • Flutter Entertainment's Cost of Revenue stood at $1.8 billion in 2023, then grew by 10.2% to $2.0 billion in 2024, then jumped by 33.62% to $2.6 billion in 2025, then declined by 6.09% to $2.5 billion in 2026.
  • Business Quant data shows FLUT's Cost of Revenue at $2.5 billion in Q1 2026, $2.6 billion in Q4 2025, and $2.2 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Codere Online Luxembourg 425.84 Bn 425.77 Bn - -
2 Flutter Entertainment 19.13 Bn 17.62 Bn 1.84 Bn 2.47 Bn
3 DraftKings 12.12 Bn 11.11 Bn 696.69 Mn 949.39 Mn
4 Super Group (SGHC) 7.57 Bn 7.15 Bn - -
5 Churchill Downs 6.27 Bn 6.17 Bn 464.00 Mn 199.00 Mn
6 Rush Street Interactive 3.15 Bn 2.82 Bn 132.17 Mn 238.20 Mn
7 Brightstar Lottery 1.94 Bn 670.63 Mn 297.00 Mn 290.00 Mn
8 Accel Entertainment 1.02 Bn 746.37 Mn 350.92 Mn 636,000.00
9 Inspired Entertainment 207.07 Mn 163.57 Mn 54.60 Mn 2.60 Mn
10 Gambling.com 58.26 Mn 42.45 Mn 39.34 Mn 6.89 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.47 Bn
Mar 31, 2026 2.47 Bn
Dec 31, 2025 2.63 Bn
Dec 31, 2025 2.63 Bn
Sep 30, 2025 2.17 Bn
Sep 30, 2025 2.17 Bn
Jun 30, 2025 2.23 Bn
Jun 30, 2025 2.23 Bn
Mar 31, 2025 1.96 Bn
Mar 31, 2025 1.96 Bn
Dec 31, 2024 1.97 Bn
Dec 31, 2024 1.97 Bn
Sep 30, 2024 1.75 Bn
Sep 30, 2024 1.75 Bn
Jun 30, 2024 1.84 Bn
Jun 30, 2024 1.84 Bn
Mar 31, 2024 1.79 Bn
Mar 31, 2024 1.79 Bn
Dec 31, 2023 1.78 Bn
Dec 31, 2023 1.78 Bn