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Flutter Entertainment plcStock · Technology
$98.31+$0.23 (+0.23%)as of market close, Aug 13, 2026
☾ After hours:$98.32+0.00%3:59 PM ET
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How Flutter Entertainment makes money

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How does Flutter Entertainment make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Flutter Entertainment plc · FY2025 · year ended 2025-12-31
Revenue$16.4BNet loss$371M · 2%Cost of revenue$9.0B · 55%Gross profit$7.4B · 45%Operating expenses$7.4B · 45%R&D$991M · 6%SG&A$2.2B · 13%Selling & marketing$3.7B · 22%Other opex$517M · 3%Income tax$250M · 2%Other expense$121M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.