Flutter Entertainment (FLUT) Operating Margin (2023 - 2026)
Flutter Entertainment's (FLUT) quarterly Operating Margin came in at 1.84% in Q1 2026, down 425.0% YoY from 0.56% in Q1 2025, and down 66.3% on a QoQ basis from 5.45% in Q4 2025.
Flutter Entertainment (FLUT) Operating Margin (2023 - 2026) Analysis & Trends
Flutter Entertainment (FLUT) has 4 years of Operating Margin data on file, last reported at 1.84% in Q1 2026.
- Quarterly Operating Margin fell 425.0% year-over-year to 1.84% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.63% (down 740.0% YoY) and the FY2025 annual result came in at 0.22%, down 597.0% from the prior year.
- Operating Margin retreated to 1.84% in Q1 2026, from 5.45% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 10.22% in Q2 2024 to a low of 21.98% in Q3 2025.
- A 4-year average of 0.59% and a median of 3.65% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin surged 2604 bps — and 2025, when it plunged 2497 bps.
- Tracing FLUT's Operating Margin over 4 years: 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 | 17.48 Bn | 15.91 Bn | 1.71 Bn | -3.33% |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | -4.72% |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | - |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 36.43% |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 11.74% |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 40.37% |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 8.71% |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 16.28% |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | -3.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -3.33% |
| 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% |