Flutter Entertainment (FLUT) Cost of Revenue (2023 - 2026)
Flutter Entertainment's (FLUT) quarterly Cost of Revenue came in at $2.5 billion in Q1 2026, up 26.12% YoY from $2.0 billion in Q1 2025, and down 6.09% on a QoQ basis from $2.6 billion in Q4 2025.
Flutter Entertainment (FLUT) Cost of Revenue (2023 - 2026) Analysis & Trends
Flutter Entertainment (FLUT) has 4 years of Cost of Revenue data on file, last reported at $2.5 billion in 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 eased to $2.5 billion in Q1 2026, from $2.6 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $2.6 billion in Q4 2025 to a low of $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.
- The widest YoY moves for Cost of Revenue: up 33.62% in 2025, down 9.09% in 2025.
- Tracing FLUT's Cost of Revenue over 4 years: stood at $1.8 billion in 2023, then advanced by 10.2% to $2.0 billion in 2024, then surged by 33.62% to $2.6 billion in 2025, then slipped by 6.09% to $2.5 billion in 2026.
- The last three Cost of Revenue figures came in at $2.5 billion (Q1 2026), $2.6 billion (Q4 2025), and $2.2 billion (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 2.61 Bn |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 891.78 Mn |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | - |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 268.00 Mn |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 254.12 Mn |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 290.00 Mn |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 252.62 Mn |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 8.70 Mn |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | 5.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.61 Bn |
| Jun 30, 2026 | 2.61 Bn |
| 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 |