Flutter Entertainment FLUT
NYSE FLUT
$99.26 -1.44 (-1.43%)
As of: Sep 9, 2026 · 3:59 PM EDT

Flutter Entertainment (FLUT) Operating Expenses (2023 - 2026)

Flutter Entertainment's (FLUT) quarterly Operating Expenses came in at $1.6 billion in Q2 2026, up 18.49% on a YoY basis from $1.3 billion in Q2 2025, and up 3.87% quarter-over-quarter from $1.5 billion in Q1 2026.

Analysis

Flutter Entertainment (FLUT) Operating Expenses (2023 - 2026) Analysis & Trends

Flutter Entertainment (FLUT) has reported Operating Expenses for 4 consecutive years, with $1.6 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 18.49% year-over-year to $1.6 billion; the trailing twelve-month figure through Jun 2026 stood at $6.3 billion (up 23.72% YoY), and the FY2025 full-year result was $5.9 billion, up 16.9% from the prior year.
  • Operating Expenses rose to $1.6 billion in Q2 2026 per FLUT's latest filing, from $1.5 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.9 billion in Q4 2023 and bottomed at $1.1 billion in Q3 2023.
  • Historically, Operating Expenses has averaged $1.4 billion across 4 years, with a median of $1.3 billion in 2024.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 30.65% in 2024, then soared 40.64% in 2025.
  • Over 4 years, Operating Expenses stood at $1.9 billion in 2023, then sank by 30.65% to $1.3 billion in 2024, then advanced by 19.39% to $1.6 billion in 2025, then dropped by 3.11% to $1.6 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $1.6 billion, $1.5 billion, and $1.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DraftKings 21.34 Bn 20.35 Bn 551.45 Mn 491.98 Mn
2 Flutter Entertainment 17.38 Bn 16.20 Bn 1.71 Bn 1.56 Bn
3 Super Group (SGHC) 7.08 Bn 6.53 Bn - -513.00 Mn
4 Rush Street Interactive 6.18 Bn 6.00 Bn 139.66 Mn 347.55 Mn
5 Codere Online Luxembourg 412.23 Mn 342.98 Mn - -
6 Meridian Holdings 171.67 Mn 155.85 Mn 26.85 Mn 24.41 Mn
7 High Roller Technologies 54.90 Mn 52.24 Mn - -
8 VIP Play 24.98 Mn 24.89 Mn -313,000.00 2.09 Mn
9 Apple iSports 16.64 Mn 16.64 Mn - 437,119.00
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.56 Bn
Mar 31, 2026 1.50 Bn
Dec 31, 2025 1.61 Bn
Sep 30, 2025 1.67 Bn
Jun 30, 2025 1.31 Bn
Mar 31, 2025 1.27 Bn
Dec 31, 2024 1.35 Bn
Sep 30, 2024 1.19 Bn
Jun 30, 2024 1.19 Bn
Mar 31, 2024 1.29 Bn
Dec 31, 2023 1.94 Bn
Sep 30, 2023 1.10 Bn
Jun 30, 2023 1.11 Bn
Mar 31, 2023 1.22 Bn