Flutter Entertainment (FLUT) Operating Margin (2023 - 2026)
Flutter Entertainment (FLUT) reported Operating Margin of 1.84% for Q1 2026, down 425.0% on a YoY basis from 0.56% in Q1 2025, and down 66.3% quarter-over-quarter from 5.45% in Q4 2025.
Flutter Entertainment (FLUT) Operating Margin (2023 - 2026) Analysis & Trends
Flutter Entertainment has reported Operating Margin for 4 years, with the latest figure 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.
- The five-year high for Operating Margin was 10.22% in Q2 2024, with the low at 21.98% in Q3 2025.
- Historically, Operating Margin has averaged 0.59% across 4 years, with a median of 3.65% in 2024.
- Annual changes were most pronounced in 2024 — Operating Margin surged 2604 bps — and 2025, when it plunged 2497 bps.
- Flutter Entertainment's Operating Margin stood at 18.68% in 2023, then jumped by 139 bps to 7.36% in 2024, then dropped by 26 bps to 5.45% in 2025, then slumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 1.84% |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 0.36% |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | 21.57% |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | 11.55% |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 83.99% |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | 7.70% |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | -38.10% |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | 16.08% |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 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% |