Growth Metrics

Flutter Entertainment (FLUT) Cost of Revenue (2014 - 2026)

Flutter Entertainment posted quarterly Cost of Revenue of $2.5 billion for Q1 2026, up 26.12% year-on-year from $2.0 billion in Q1 2025, and down 61.36% on a QoQ basis from $6.4 billion in Q4 2025.

Flutter Entertainment (FLUT) has 10 years of Cost of Revenue data on file, last reported 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.
  • Across five years, Cost of Revenue topped out at $6.4 billion in Q4 2025 and bottomed at $667.0 million in Q2 2023.
  • The 4-year median for Cost of Revenue is $1.8 billion (2024), against an average of $1.9 billion.
  • The widest annual swing landed in 2024, when Cost of Revenue slumped 79.0%; it then soared 669.16% in 2025.
  • A 4-year view of Cost of Revenue shows it stood at $4.0 billion in 2023, then plunged by 79.0% to $830.0 million in 2024, then jumped by 669.16% to $6.4 billion in 2025, then sank 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Flutter Entertainment 18.39 Bn 17.30 Bn 1.84 Bn 2.47 Bn
2 DraftKings 13.23 Bn 12.22 Bn 696.69 Mn 949.39 Mn
3 Churchill Downs 6.28 Bn 6.13 Bn 475.00 Mn 188.00 Mn
4 Rush Street Interactive 2.60 Bn 2.43 Bn 132.17 Mn 238.20 Mn
5 Brightstar Lottery 2.28 Bn 2.94 Bn - -
6 Accel Entertainment 1.01 Bn 735.58 Mn 109.94 Mn 241.62 Mn
7 Codere Online Luxembourg 490.38 Mn 420.96 Mn - -
8 Bragg Gaming 269.74 Mn 261.99 Mn 18.22 Mn 14.01 Mn
9 Inspired Entertainment 233.43 Mn 189.93 Mn 54.60 Mn 2.60 Mn
10 High Roller Technologies 45.23 Mn 42.56 Mn - -

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 2.47 Bn
Mar 31, 2026 2.47 Bn
Dec 31, 2025 6.38 Bn
Dec 31, 2025 6.38 Bn
Sep 30, 2025 966.00 Mn
Sep 30, 2025 966.00 Mn
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 830.00 Mn
Dec 31, 2024 830.00 Mn
Sep 30, 2024 1.75 Bn
Sep 30, 2024 1.75 Bn
Jun 30, 2024 746.00 Mn
Jun 30, 2024 746.00 Mn
Mar 31, 2024 1.79 Bn
Mar 31, 2024 1.79 Bn
Dec 31, 2023 3.95 Bn
Dec 31, 2023 3.95 Bn
Sep 30, 2023 701.00 Mn
Sep 30, 2023 701.00 Mn
Jun 30, 2023 667.00 Mn
Jun 30, 2023 667.00 Mn
Mar 31, 2023 882.00 Mn
Mar 31, 2023 882.00 Mn
Dec 31, 2019 105.01 Mn
Dec 31, 2019 105.01 Mn
Sep 30, 2019 91.39 Mn
Sep 30, 2019 91.39 Mn
Jun 30, 2019 79.92 Mn
Jun 30, 2019 79.92 Mn
Mar 31, 2019 84.34 Mn
Mar 31, 2019 84.34 Mn
Dec 31, 2018 15.86 Mn
Dec 31, 2018 15.86 Mn
Sep 30, 2018 92.53 Mn
Sep 30, 2018 92.53 Mn
Jun 30, 2018 54.90 Mn
Jun 30, 2018 54.90 Mn
Mar 31, 2018 49.42 Mn
Mar 31, 2018 49.42 Mn
Dec 31, 2017 67.25 Mn
Dec 31, 2017 67.25 Mn
Sep 30, 2017 62.48 Mn
Sep 30, 2017 62.48 Mn
Jun 30, 2017 52.67 Mn
Jun 30, 2017 52.67 Mn
Mar 31, 2017 43.05 Mn
Mar 31, 2017 43.05 Mn
Dec 31, 2016 45.51 Mn
Dec 31, 2016 45.51 Mn
Sep 30, 2016 35.50 Mn
Sep 30, 2016 35.50 Mn
Jun 30, 2016 38.33 Mn
Jun 30, 2016 38.33 Mn
Mar 31, 2016 45.51 Mn
Mar 31, 2016 45.51 Mn
Sep 30, 2015 35.14 Mn
Sep 30, 2015 35.14 Mn
Jun 30, 2015 43.37 Mn
Jun 30, 2015 43.37 Mn
Mar 31, 2015 46.85 Mn
Mar 31, 2015 46.85 Mn
Sep 30, 2014 28.89 Mn
Sep 30, 2014 28.89 Mn
Jun 30, 2014 257,549.55
Jun 30, 2014 257,549.55