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Side-by-side financial comparison of Flutter Entertainment plc (FLUT) and PayPal (PYPL). Click either name above to swap in a different company.
PayPal is the larger business by last-quarter revenue ($8.7B vs $4.7B, roughly 1.8× Flutter Entertainment plc). PayPal runs the higher net margin — 16.6% vs 0.2%, a 16.4% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 3.7%). PayPal produced more free cash flow last quarter ($2.2B vs $392.0M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 6.2%).
Flutter Entertainment plc is an Irish-American multinational sports betting and gambling company. It is listed on the New York Stock Exchange and has a secondary listing on the London Stock Exchange. It owns brands such as Betfair, FanDuel, Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet. Flutter is the world's largest online betting company.
PayPalPYPLEarnings & Financial Report
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and company users.
FLUT vs PYPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $8.7B |
| Net Profit | $10.0M | $1.4B |
| Gross Margin | 44.5% | — |
| Operating Margin | 5.4% | 17.4% |
| Net Margin | 0.2% | 16.6% |
| Revenue YoY | 24.9% | 3.7% |
| Net Profit YoY | -93.6% | 28.2% |
| EPS (diluted) | $0.00 | $1.53 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.7B | $8.7B | ||
| Q3 25 | $3.8B | $8.4B | ||
| Q2 25 | $4.2B | $8.3B | ||
| Q1 25 | $3.7B | $7.8B | ||
| Q4 24 | $3.8B | $8.4B | ||
| Q3 24 | $3.2B | $7.8B | ||
| Q2 24 | $3.6B | $7.9B | ||
| Q1 24 | $3.4B | $7.7B |
| Q4 25 | $10.0M | $1.4B | ||
| Q3 25 | $-789.0M | $1.2B | ||
| Q2 25 | $37.0M | $1.3B | ||
| Q1 25 | $335.0M | $1.3B | ||
| Q4 24 | $156.0M | $1.1B | ||
| Q3 24 | $-114.0M | $1.0B | ||
| Q2 24 | $297.0M | $1.1B | ||
| Q1 24 | $-177.0M | $888.0M |
| Q4 25 | 44.5% | — | ||
| Q3 25 | 42.9% | — | ||
| Q2 25 | 46.8% | — | ||
| Q1 25 | 46.6% | — | ||
| Q4 24 | 48.2% | — | ||
| Q3 24 | 46.1% | — | ||
| Q2 24 | 49.2% | — | ||
| Q1 24 | 47.2% | — |
| Q4 25 | 5.4% | 17.4% | ||
| Q3 25 | -22.0% | 18.1% | ||
| Q2 25 | 9.3% | 18.1% | ||
| Q1 25 | 6.1% | 19.6% | ||
| Q4 24 | 7.4% | 17.2% | ||
| Q3 24 | 3.0% | 17.7% | ||
| Q2 24 | 10.2% | 16.8% | ||
| Q1 24 | 3.7% | 15.2% |
| Q4 25 | 0.2% | 16.6% | ||
| Q3 25 | -20.8% | 14.8% | ||
| Q2 25 | 0.9% | 15.2% | ||
| Q1 25 | 9.1% | 16.5% | ||
| Q4 24 | 4.1% | 13.4% | ||
| Q3 24 | -3.5% | 12.9% | ||
| Q2 24 | 8.2% | 14.3% | ||
| Q1 24 | -5.2% | 11.5% |
| Q4 25 | $0.00 | $1.53 | ||
| Q3 25 | $-3.91 | $1.30 | ||
| Q2 25 | $0.59 | $1.29 | ||
| Q1 25 | $1.57 | $1.29 | ||
| Q4 24 | $0.47 | $1.09 | ||
| Q3 24 | $-0.58 | $0.99 | ||
| Q2 24 | $1.45 | $1.08 | ||
| Q1 24 | $-1.10 | $0.83 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8B | $10.4B |
| Total DebtLower is stronger | $12.3B | — |
| Stockholders' EquityBook value | $9.0B | $20.3B |
| Total Assets | $29.3B | $80.2B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $10.4B | ||
| Q3 25 | $1.7B | $10.8B | ||
| Q2 25 | $1.7B | $10.0B | ||
| Q1 25 | $1.5B | $11.2B | ||
| Q4 24 | $1.5B | $10.8B | ||
| Q3 24 | $1.5B | $11.9B | ||
| Q2 24 | $1.5B | $13.6B | ||
| Q1 24 | $1.4B | $14.3B |
| Q4 25 | $12.3B | — | ||
| Q3 25 | $12.1B | — | ||
| Q2 25 | $10.0B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.9B | — | ||
| Q2 24 | $6.8B | — | ||
| Q1 24 | $6.8B | — |
| Q4 25 | $9.0B | $20.3B | ||
| Q3 25 | $9.2B | $20.2B | ||
| Q2 25 | $10.2B | $20.2B | ||
| Q1 25 | $9.9B | $20.3B | ||
| Q4 24 | $9.3B | $20.4B | ||
| Q3 24 | $10.2B | $20.2B | ||
| Q2 24 | $9.9B | $20.6B | ||
| Q1 24 | $9.5B | $20.7B |
| Q4 25 | $29.3B | $80.2B | ||
| Q3 25 | $29.3B | $79.8B | ||
| Q2 25 | $29.9B | $79.8B | ||
| Q1 25 | $24.8B | $81.3B | ||
| Q4 24 | $24.5B | $81.6B | ||
| Q3 24 | $25.5B | $83.5B | ||
| Q2 24 | $24.3B | $84.0B | ||
| Q1 24 | $24.4B | $83.3B |
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 0.72× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $428.0M | $2.4B |
| Free Cash FlowOCF − Capex | $392.0M | $2.2B |
| FCF MarginFCF / Revenue | 8.3% | 25.2% |
| Capex IntensityCapex / Revenue | 0.8% | 2.2% |
| Cash ConversionOCF / Net Profit | 42.80× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $5.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $428.0M | $2.4B | ||
| Q3 25 | $209.0M | $2.0B | ||
| Q2 25 | $359.0M | $898.0M | ||
| Q1 25 | $188.0M | $1.2B | ||
| Q4 24 | $652.0M | $2.4B | ||
| Q3 24 | $290.0M | $1.6B | ||
| Q2 24 | $323.0M | $1.5B | ||
| Q1 24 | $337.0M | $1.9B |
| Q4 25 | $392.0M | $2.2B | ||
| Q3 25 | $196.0M | $1.7B | ||
| Q2 25 | $322.0M | $692.0M | ||
| Q1 25 | $169.0M | $964.0M | ||
| Q4 24 | $595.0M | $2.2B | ||
| Q3 24 | $253.0M | $1.4B | ||
| Q2 24 | $295.0M | $1.4B | ||
| Q1 24 | $315.0M | $1.8B |
| Q4 25 | 8.3% | 25.2% | ||
| Q3 25 | 5.2% | 20.4% | ||
| Q2 25 | 7.7% | 8.3% | ||
| Q1 25 | 4.6% | 12.4% | ||
| Q4 24 | 15.7% | 26.2% | ||
| Q3 24 | 7.8% | 18.4% | ||
| Q2 24 | 8.2% | 17.3% | ||
| Q1 24 | 9.3% | 22.9% |
| Q4 25 | 0.8% | 2.2% | ||
| Q3 25 | 0.3% | 3.0% | ||
| Q2 25 | 0.9% | 2.5% | ||
| Q1 25 | 0.5% | 2.5% | ||
| Q4 24 | 1.5% | 2.4% | ||
| Q3 24 | 1.1% | 2.2% | ||
| Q2 24 | 0.8% | 2.0% | ||
| Q1 24 | 0.6% | 2.0% |
| Q4 25 | 42.80× | 1.66× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | 9.70× | 0.71× | ||
| Q1 25 | 0.56× | 0.90× | ||
| Q4 24 | 4.18× | 2.14× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | 1.09× | 1.35× | ||
| Q1 24 | — | 2.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
