Flutter Entertainment (FLUT) Operating Margin (2014 - 2026)
Flutter Entertainment posted quarterly Operating Margin of 1.84% for Q1 2026, down 425.0% year-on-year from 0.56% in Q1 2025, and down 66.3% on a QoQ basis from 5.45% in Q4 2025.
Flutter Entertainment (FLUT) has 11 years of Operating Margin data on file, last reported at 1.84% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 425.0% year-over-year to 1.84%; the trailing twelve-month figure through Mar 2026 stood at 0.63% (down 740.0% YoY), and the FY2025 full-year result was 0.22%, down 597.0% from the prior year.
- Operating Margin for Q1 2026 stood at 1.84%, down from 5.45% in the prior quarter.
- Across five years, Operating Margin topped out at 10.22% in Q2 2024 and bottomed at 21.98% in Q3 2025.
- The 4-year median for Operating Margin is 3.65% (2024), against an average of 0.59%.
- The widest annual swing landed in 2024, when Operating Margin surged 2604 bps; it then slumped 2497 bps in 2025.
- A 4-year view of Operating Margin shows it stood at 18.68% in 2023, then surged by 139 bps to 7.36% in 2024, then declined by 26 bps to 5.45% in 2025, then sank by 66 bps to 1.84% in 2026.
- The last three Operating Margin figures came in at 1.84% (Q1 2026), 5.45% (Q4 2025), and 21.98% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 1.84% |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 0.36% |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 21.57% |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 11.55% |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 7.70% |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | -38.10% |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | 16.08% |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.84% |
| Dec 31, 2025 | 5.45% |
| Sep 30, 2025 | -21.98% |
| Jun 30, 2025 | 9.29% |
| Mar 31, 2025 | 6.08% |
| Dec 31, 2024 | 7.36% |
| Sep 30, 2024 | 2.99% |
| Jun 30, 2024 | 10.22% |
| Mar 31, 2024 | 3.65% |
| Dec 31, 2023 | -18.68% |
| Sep 30, 2023 | -5.36% |
| Jun 30, 2023 | 7.40% |
| Mar 31, 2023 | -0.51% |
| Mar 31, 2020 | 20.27% |
| Sep 30, 2019 | 2.62% |
| Jun 30, 2019 | 14.74% |
| Mar 31, 2019 | 10.69% |
| Dec 31, 2018 | -2.02% |
| Sep 30, 2018 | 12.45% |
| Jun 30, 2018 | 0.26% |
| Mar 31, 2018 | 28.98% |
| Dec 31, 2017 | 9.28% |
| Sep 30, 2017 | 36.04% |
| Jun 30, 2017 | 34.56% |
| Mar 31, 2017 | 7.86% |
| Dec 31, 2016 | 0.56% |
| Sep 30, 2016 | -4.71% |
| Jun 30, 2016 | -0.15% |
| Mar 31, 2016 | 0.87% |
| Sep 30, 2015 | -17.62% |
| Jun 30, 2015 | -8.11% |
| Mar 31, 2015 | -10.06% |
| Sep 30, 2014 | -693.34% |