Flutter Entertainment (FLUT) Cost of Revenue (2023 - 2026)
Flutter Entertainment's (FLUT) quarterly Cost of Revenue came in at $2.6 billion in Q2 2026, up 17.28% on a YoY basis from $2.2 billion in Q2 2025, and up 5.92% quarter-over-quarter from $2.5 billion in Q1 2026.
Analysis
Flutter Entertainment (FLUT) Cost of Revenue (2023 - 2026) Analysis & Trends
Flutter Entertainment (FLUT) has reported Cost of Revenue for 4 consecutive years, with $2.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 17.28% year-over-year to $2.6 billion; the trailing twelve-month figure through Jun 2026 stood at $9.9 billion (up 24.97% YoY), and the FY2025 full-year result was $9.0 billion, up 22.23% from the prior year.
- Cost of Revenue grew to $2.6 billion in Q2 2026 per FLUT's latest filing, from $2.5 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.
- Historically, Cost of Revenue has averaged $2.0 billion across 4 years, with a median of $1.9 billion in 2024.
- The widest YoY moves for Cost of Revenue: up 33.62% in 2025, down 9.09% in 2025.
- Over 4 years, 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 fell by 0.53% to $2.6 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $2.6 billion, $2.5 billion, and $2.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.32 Bn | 15.76 Bn | 1.71 Bn | 2.61 Bn |
| 2 | DraftKings | 11.73 Bn | 10.74 Bn | 551.45 Mn | 891.78 Mn |
| 3 | Super Group (SGHC) | 7.05 Bn | 6.50 Bn | - | - |
| 4 | Rush Street Interactive | 2.98 Bn | 2.64 Bn | 139.66 Mn | 254.12 Mn |
| 5 | Codere Online Luxembourg | 418.56 Mn | 349.13 Mn | - | - |
| 6 | Meridian Holdings | 168.45 Mn | 151.13 Mn | 26.85 Mn | 23.34 Mn |
| 7 | High Roller Technologies | 54.19 Mn | 51.53 Mn | - | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 | 415,000.00 |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.61 Bn |
| Mar 31, 2026 | 2.47 Bn |
| Dec 31, 2025 | 2.63 Bn |
| Sep 30, 2025 | 2.17 Bn |
| Jun 30, 2025 | 2.23 Bn |
| Mar 31, 2025 | 1.96 Bn |
| Dec 31, 2024 | 1.97 Bn |
| Sep 30, 2024 | 1.75 Bn |
| Jun 30, 2024 | 1.84 Bn |
| Mar 31, 2024 | 1.79 Bn |
| Dec 31, 2023 | 1.78 Bn |
| Sep 30, 2023 | 1.39 Bn |
| Jun 30, 2023 | 1.49 Bn |
| Mar 31, 2023 | 1.54 Bn |