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

Flutter Entertainment has reported Cost of Revenue for 4 years, with the latest figure at $2.5 billion in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 26.12% year-over-year to $2.5 billion; the trailing twelve-month figure through Mar 2026 stood at $12.0 billion (up 127.95% YoY), and the FY2025 full-year result was $9.0 billion, up 180.16% from the prior year.
• Cost of Revenue for Q1 2026 stood at $2.5 billion, down from $6.4 billion in the prior quarter.
• The five-year high for Cost of Revenue was $6.4 billion in Q4 2025, with the low at $667.0 million in Q2 2023.
• Historically, Cost of Revenue has averaged $1.9 billion across 4 years, with a median of $1.8 billion in 2024.
• Annual changes were most pronounced in 2024 — Cost of Revenue plunged 79.0% — and 2025, when it soared 669.16%.
• Flutter Entertainment's Cost of Revenue stood at $4.0 billion in 2023, then sank by 79.0% to $830.0 million in 2024, then soared by 669.16% to $6.4 billion in 2025, then slumped by 61.36% to $2.5 billion in 2026.
• The last three Cost of Revenue figures came in at $2.5 billion (Q1 2026), $6.4 billion (Q4 2025), and $966.0 million (Q3 2025), per Business Quant data.