Match Group (MTCH) Financials

$38.15 +0.50 (+1.32%)

As of 02:23 PM Eastern

Annual Income Statements for Match Group

This table shows Match Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	119	-41	305	627	454	162	278	362	652	551	613
Consolidated Net Income / (Loss)	113	-16	358	758	567	222	277	360	651	551	613
Net Income / (Loss) Continuing Operations	113	-16	358	451	517	588	276	362	651	551	613
Total Pre-Tax Income	143	-81	67	462	532	631	256	377	777	704	746
Total Operating Income	180	-33	188	549	645	746	852	515	917	823	873
Total Gross Profit	2,453	2,384	2,656	1,320	1,524	1,755	2,144	2,229	2,410	2,488	2,539
Total Revenue	3,231	3,140	3,307	1,730	2,051	2,391	2,983	3,189	3,365	3,479	3,487
Operating Revenue	3,231	3,140	3,307	1,730	2,051	2,391	2,983	3,189	3,365	3,479	3,487
Total Cost of Revenue	778	756	651	410	527	636	839	960	954	991	948
Operating Cost of Revenue	778	756	651	410	527	636	839	960	954	991	948
Total Operating Expenses	2,273	2,417	2,468	770	879	1,010	1,292	1,714	1,494	1,665	1,666
Selling, General & Admin Expense	512	530	719	182	256	311	415	436	414	439	486
Marketing Expense	1,348	1,247	1,381	420	427	480	566	535	586	622	626
Research & Development Expense	197	213	251	132	152	170	241	334	384	442	450
Depreciation Expense	62	72	74	35	34	41	41	44	62	87	67
Amortization Expense	140	79	42	1.32	8.73	7.53	29	366	48	74	39
Total Other Income / (Expense), net	-37	-48	-122	-87	-113	-115	-596	-138	-140	-119	-127
Interest Expense	74	109	105	95	111	131	130	146	160	160	148
Other Income / (Expense), net	37	61	-16	7.51	-2.03	16	-465	8.03	20	41	21
Income Tax Expense	30	-65	-291	11	15	43	-20	15	125	153	133
Net Income / (Loss) Attributable to Noncontrolling Interest	-6.10	25	53	131	113	59	-1.17	-2.03	-0.07	0.04	0.02
Basic Earnings per Share	$1.44	($0.52)	$3.81	$3.48	$2.50	$0.73	$1.01	$1.28	$2.36	$2.12	$2.53
Weighted Average Basic Shares Outstanding	82.94M	80.05M	80.09M	83.41M	84.76M	268.97M	285.15M	279.32M	268.01M	250.43M	232.64M
Diluted Earnings per Share	$1.33	($0.52)	$3.18	$3.05	$2.15	$0.66	$0.93	$1.24	$2.26	$2.02	$2.38
Weighted Average Diluted Shares Outstanding	82.94M	80.05M	80.09M	83.41M	84.76M	268.97M	285.15M	279.32M	268.01M	250.43M	232.64M
Weighted Average Basic & Diluted Shares Outstanding	82.94M	80.05M	80.09M	83.41M	84.76M	268.97M	285.15M	279.32M	268.01M	250.43M	232.64M
Cash Dividends to Common per Share	$1.36	$0.00	$0.00	-	-	-	-	-	-	$0.19	$0.76

This table shows Match Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	137	164	230	123	133	136	158	118	125	161	210
Consolidated Net Income / (Loss)	137	164	230	123	133	136	158	118	125	161	210
Net Income / (Loss) Continuing Operations	137	164	230	123	133	136	158	118	125	161	210
Total Pre-Tax Income	178	211	225	154	175	178	198	140	158	194	255
Total Operating Income	215	244	260	185	205	211	223	173	194	221	285
Total Gross Profit	579	626	658	603	619	642	624	594	622	667	656
Total Revenue	830	882	866	860	864	895	860	831	864	914	878
Operating Revenue	830	882	866	860	864	895	860	831	864	914	878
Total Cost of Revenue	250	256	208	257	245	253	236	237	242	247	222
Operating Cost of Revenue	250	256	208	257	245	253	236	237	242	247	222
Total Operating Expenses	364	382	398	418	415	432	400	422	428	446	371
Selling, General & Admin Expense	108	107	108	106	114	104	114	112	137	148	89
Marketing Expense	137	153	159	165	155	157	146	157	148	169	151
Research & Development Expense	94	94	98	116	114	104	109	121	115	105	109
Depreciation Expense	15	17	19	21	21	25	21	22	18	15	12
Amortization Expense	11	10	14	10	11	42	11	10	10	8.92	8.65
Total Other Income / (Expense), net	-36	-32	-35	-31	-30	-33	-26	-33	-36	-28	-30
Interest Expense	40	40	40	40	40	40	40	35	32	37	43
Other Income / (Expense), net	3.43	7.91	5.04	9.47	11	7.10	14	2.62	-4.06	9.33	13
Income Tax Expense	41	47	-4.80	31	42	41	39	22	32	33	45
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.03	0.02	0.04	0.01	0.01	-0.02	0.00	0.00	0.01	0.01
Basic Earnings per Share	$0.49	$0.59	$0.85	$0.46	$0.50	$0.53	$0.63	$0.47	$0.51	$0.67	$0.88
Weighted Average Basic Shares Outstanding	278.09M	271.81M	268.01M	265.67M	257.90M	251.09M	250.43M	245.23M	240.62M	236.07M	232.64M
Diluted Earnings per Share	$0.48	$0.57	$0.79	$0.44	$0.48	$0.51	$0.59	$0.44	$0.49	$0.62	$0.83
Weighted Average Diluted Shares Outstanding	278.09M	271.81M	268.01M	265.67M	257.90M	251.09M	250.43M	245.23M	240.62M	236.07M	232.64M
Weighted Average Basic & Diluted Shares Outstanding	278.09M	271.81M	268.01M	265.67M	257.90M	251.09M	250.43M	245.23M	240.62M	236.07M	232.64M

This table details how cash moves in and out of Match Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	491	-9.54	262	629	1,007	-2,406	76	-243	290	104	62
Net Cash From Operating Activities	406	102	417	988	648	789	912	526	897	933	1,080
Net Cash From Continuing Operating Activities	406	102	417	611	648	789	912	526	897	933	1,080
Net Income / (Loss) Continuing Operations	113	-16	358	451	517	588	276	362	651	551	613
Consolidated Net Income / (Loss)	113	-16	358	451	567	222	277	360	651	551	613
Depreciation Expense	62	72	74	35	34	41	41	44	62	87	67
Amortization Expense	140	79	42	14	8.73	7.53	29	366	48	74	39
Non-Cash Adjustments To Reconcile Net Income	116	105	323	66	90	102	147	204	232	267	258
Changes in Operating Assets and Liabilities, net	-26	-115	-380	45	-2.16	50	420	-450	-96	-48	103
Net Cash From Investing Activities	-583	-98	42	-173	-42	-3,922	-940	-72	-77	-59	-47
Net Cash From Continuing Investing Activities	-583	-98	42	-38	-42	-3,922	-940	-72	-77	-59	-47
Purchase of Property, Plant & Equipment	-62	-	-76	-31	-39	-42	-80	-49	-67	-51	-57
Other Investing Activities, net	-3.54	-11	2.99	-4.14	1.06	-3,871	0.05	-23	-9.17	-7.96	9.93
Net Cash From Financing Activities	678	-13	-197	-313	654	1,788	111	-689	-534	-758	-985
Net Cash From Continuing Financing Activities	678	-13	-197	-199	654	1,788	111	-689	-534	-758	-985
Repayment of Debt	-126	-2.71	-947	-2.50	-328	-449	-638	-176	0.02	-6.48	-440
Repurchase of Common Equity	-223	-	-56	-133	-216	-133	-882	-490	-546	-753	-789
Payment of Dividends	-145	2.74	-20	-115	-1.65	-16	-1.47	-11	-1.87	-1.29	-186
Issuance of Debt	789	7.81	1,318	260	1,540	1,020	500	-	0.00	0.00	700
Issuance of Common Equity	429	0.00	167	0.01	167	1,577	58	20	20	14	6.66
Other Financing Activities, net	-44	-	-658	-208	-507	-212	1,074	-33	-5.93	-11	-276
Other Net Changes in Cash	-	-	-	127	-254	-1,061	-	-7.81	3.78	-12	13

This table details how cash moves in and out of Match Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	163	-26	155	52	-77	18	110	-557	-74	703	-11
Net Cash From Operating Activities	209	291	276	284	129	265	255	193	244	321	323
Net Cash From Continuing Operating Activities	209	291	276	284	129	265	255	193	244	321	323
Net Income / (Loss) Continuing Operations	137	164	230	123	133	136	158	118	125	161	210
Consolidated Net Income / (Loss)	137	164	230	123	133	136	158	118	125	161	210
Depreciation Expense	15	17	19	21	21	25	21	22	18	15	12
Amortization Expense	11	10	14	10	11	42	11	10	10	8.92	8.65
Non-Cash Adjustments To Reconcile Net Income	61	62	68	64	70	64	69	70	67	56	64
Changes in Operating Assets and Liabilities, net	-14	38	-55	66	-106	-3.42	-4.12	-27	22	80	28
Net Cash From Investing Activities	-18	-10	-29	-26	-13	-12	-7.47	-16	-38	-14	21
Net Cash From Continuing Investing Activities	-18	-10	-29	-26	-13	-12	-7.47	-16	-38	-14	21
Purchase of Property, Plant & Equipment	-18	-13	-17	-17	-13	-13	-7.57	-15	-13	-14	-15
Other Investing Activities, net	0.04	2.36	-12	-8.81	0.01	0.75	0.10	-1.07	-25	0.19	36
Net Cash From Financing Activities	-29	-303	-98	-200	-195	-241	-122	-740	-292	415	-368
Net Cash From Continuing Financing Activities	-29	-303	-98	-200	-195	-241	-122	-740	-292	415	-368
Repayment of Debt	-	-	0.02	-1.95	-0.23	-0.01	-4.29	-425	-5.85	-8.62	-0.19
Repurchase of Common Equity	-33	-300	-101	-189	-199	-243	-122	-189	-231	-130	-239
Payment of Dividends	-0.30	-	-	-0.74	-	-0.55	-	-48	-47	-46	-45
Issuance of Common Equity	4.62	0.59	3.51	1.26	4.48	3.67	4.17	0.38	3.22	-	3.06
Other Financing Activities, net	-0.53	-3.35	-	-9.59	-0.50	-1.34	-0.01	-79	-11	-100	-86

This table presents Match Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	5,189	4,646	5,868	6,875	8,365	3,046	5,063	10,394	10,371	4,466	4,461
Total Current Assets	1,945	1,843	2,125	2,763	3,708	1,020	1,218	2,561	2,241	1,398	1,427
Cash & Equivalents	1,481	1,329	1,631	2,132	466	739	815	1,417	1,297	966	1,028
Short-Term Investments	39	89	5.00	124	-	0.00	12	239	149	4.73	3.46
Accounts Receivable	250	220	304	279	116	137	188	608	537	325	303
Other Current Assets	174	204	185	228	98	144	203	297	257	102	93
Plant, Property, & Equipment, net	303	306	315	319	101	108	163	511	455	158	131
Total Noncurrent Assets	2,941	2,497	3,427	3,793	4,556	1,918	3,682	7,322	7,675	2,910	2,902
Goodwill	2,245	1,924	2,559	2,727	1,240	1,271	2,412	3,030	3,024	2,311	2,339
Intangible Assets	441	355	664	631	228	231	772	1,170	875	215	193
Noncurrent Deferred & Refundable Income Taxes	-	2.51	66	65	192	293	335	-	-	263	216
Other Noncurrent Operating Assets	117	92	73	135	64	124	163	626	473	121	154
Total Liabilities & Shareholders' Equity	5,189	4,646	5,868	6,875	8,365	3,046	5,063	10,394	10,371	4,466	4,461
Total Liabilities	2,942	2,602	2,878	3,257	4,422	4,459	5,258	3,794	3,583	4,529	4,714
Total Current Liabilities	769	713	800	884	1,010	500	1,168	1,080	950	549	1,007
Short-Term Debt	40	20	14	14	-	-	100	30	30	0.00	424
Accounts Payable	87	63	77	75	20	29	38	133	106	18	9.58
Accrued Expenses	383	345	367	435	182	232	768	760	672	365	422
Current Deferred Revenue	258	286	342	360	219	239	262	157	143	166	151
Total Noncurrent Liabilities	2,174	1,889	2,078	2,374	3,412	3,959	4,090	2,714	2,632	3,980	3,708
Long-Term Debt	1,727	1,582	1,979	2,246	2,890	3,841	3,829	2,020	1,993	3,849	3,549
Noncurrent Deferred Revenue	34	34	26	38	30	15	14	-	-	33	44
Noncurrent Deferred & Payable Income Tax Liabilities	349	229	35	24	18	17	130	76	165	12	11
Other Noncurrent Operating Liabilities	65	44	38	67	26	86	116	618	475	86	104
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,216	2,011	2,947	3,552	3,898	-1,413	-196	6,573	6,755	-64	-253
Total Preferred & Common Equity	1,805	1,869	2,430	2,843	2,928	-1,414	-204	5,932	6,078	-64	-254
Total Common Equity	1,804	1,869	2,430	2,843	2,928	-1,415	-204	5,932	6,078	-64	-254
Common Stock	11,486	11,922	12,165	12,022	11,684	7,089	8,164	6,295	6,340	8,757	8,721
Retained Earnings	331	290	595	1,259	1,690	-8,422	-8,145	-265	0.92	-6,580	-5,966
Treasury Stock	-9,861	-10,177	-10,227	-10,310	-10,310	-	0.00	-85	-252	-1,791	-2,586
Accumulated Other Comprehensive Income / (Loss)	-152	-166	-104	-129	-136	-81	-224	-13	-11	-450	-423
Noncontrolling Interest	411	141	517	709	970	1.04	7.93	641	677	0.00	0.11

This table presents Match Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	4,204	4,339	4,249	4,508	4,403	4,369	4,426	4,466	3,890	3,868	4,543
Total Current Assets	951	1,129	1,118	1,271	1,250	1,286	1,323	1,398	832	770	1,528
Cash & Equivalents	570	733	707	862	915	838	856	966	409	335	1,053
Short-Term Investments	8.45	8.35	5.94	6.20	5.94	5.81	5.32	4.73	4.75	5.17	3.56
Accounts Receivable	257	272	288	299	225	324	340	325	323	342	344
Other Current Assets	116	116	117	104	104	118	122	102	94	87	127
Plant, Property, & Equipment, net	187	191	191	195	188	181	172	158	153	154	129
Total Noncurrent Assets	3,066	3,019	2,940	3,042	2,966	2,902	2,931	2,910	2,905	2,944	2,887
Goodwill	2,317	2,303	2,268	2,343	2,286	2,255	2,320	2,311	2,313	2,348	2,343
Intangible Assets	340	326	311	306	288	276	241	215	207	208	198
Noncurrent Deferred & Refundable Income Taxes	264	248	228	260	250	235	243	263	267	271	227
Other Noncurrent Operating Assets	145	142	133	134	142	136	127	121	119	118	118
Total Liabilities & Shareholders' Equity	4,204	4,339	4,249	4,508	4,403	4,369	4,426	4,466	3,890	3,868	4,543
Total Liabilities	4,538	4,517	4,548	4,527	4,511	4,499	4,514	4,529	4,073	4,099	4,767
Total Current Liabilities	552	534	570	532	519	512	530	549	512	1,105	1,084
Short-Term Debt	-	-	-	-	-	-	-	-	-	573	498
Accounts Payable	14	8.00	11	13	21	17	27	18	8.68	19	26
Accrued Expenses	282	282	332	307	299	308	322	365	345	351	400
Current Deferred Revenue	256	244	227	211	199	187	181	166	158	162	160
Total Noncurrent Liabilities	3,986	3,982	3,978	3,995	3,992	3,987	3,984	3,980	3,560	2,993	3,683
Long-Term Debt	3,837	3,839	3,841	3,842	3,844	3,846	3,847	3,849	3,427	2,855	3,548
Noncurrent Deferred Revenue	11	12	11	25	25	27	31	33	37	39	32
Noncurrent Deferred & Payable Income Tax Liabilities	30	29	27	26	22	17	13	12	12	13	12
Other Noncurrent Operating Liabilities	107	103	99	102	102	97	93	86	84	86	92
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-335	-178	-299	-19	-108	-130	-89	-64	-183	-231	-224
Total Preferred & Common Equity	-335	-178	-299	-20	-108	-130	-89	-64	-183	-231	-224
Total Common Equity	-335	-178	-299	-20	-108	-130	-89	-64	-183	-231	-224
Common Stock	8,326	8,393	8,455	8,529	8,586	8,663	8,730	8,757	8,704	8,720	8,709
Retained Earnings	-7,662	-7,524	-7,361	-7,131	-7,008	-6,875	-6,738	-6,580	-6,462	-6,337	-6,176
Treasury Stock	-595	-628	-931	-1,033	-1,231	-1,430	-1,673	-1,791	-1,987	-2,214	-2,345
Accumulated Other Comprehensive Income / (Loss)	-404	-419	-464	-385	-455	-489	-408	-450	-437	-401	-412
Noncontrolling Interest	0.00	0.41	0.43	0.48	0.14	0.13	0.02	0.00	0.00	0.11	0.11

This table displays calculated financial ratios and metrics derived from Match Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.90%	-2.82%	5.33%	-47.70%	18.58%	16.58%	24.76%	6.89%	5.51%	3.41%	0.22%
EBITDA Growth	-5.98%	-57.22%	61.15%	110.02%	13.24%	18.04%	-43.66%	104.31%	12.15%	-1.95%	-2.59%
EBIT Growth	-33.63%	-87.06%	514.64%	223.35%	15.52%	18.36%	-49.23%	35.28%	79.08%	-7.74%	3.41%
NOPAT Growth	-56.70%	-116.03%	4,512.40%	-46.81%	17.00%	10.75%	32.14%	-46.17%	55.65%	-16.16%	11.29%
Net Income Growth	-72.30%	-114.25%	2,316.63%	111.66%	-25.24%	-60.88%	24.79%	30.14%	81.01%	-15.37%	11.27%
EPS Growth	-71.58%	-139.10%	711.54%	111.66%	-25.24%	-69.30%	40.91%	33.33%	82.26%	-10.62%	17.82%
Operating Cash Flow Growth	-4.33%	-74.98%	310.51%	137.13%	-34.42%	21.69%	15.72%	-42.39%	70.59%	4.01%	15.83%
Free Cash Flow Firm Growth	-870.46%	162.35%	-174.59%	354.25%	471.97%	-77.74%	-154.69%	268.24%	40.38%	10.48%	7.58%
Invested Capital Growth	27.47%	-10.64%	55.95%	3.18%	-54.40%	9.38%	72.14%	-0.41%	2.03%	-4.74%	-4.50%
Revenue Q/Q Growth	0.56%	-1.18%	4.40%	-57.90%	186.34%	45.29%	5.47%	32.31%	-17.60%	-0.17%	0.51%
EBITDA Q/Q Growth	-10.78%	80.46%	-19.80%	-27.80%	100.41%	-0.82%	-45.99%	376.30%	-43.44%	-2.84%	5.32%
EBIT Q/Q Growth	-38.18%	121.03%	-28.07%	-19.48%	67.77%	-0.25%	-50.93%	180.97%	-43.17%	-3.16%	7.29%
NOPAT Q/Q Growth	-33.93%	78.38%	50.21%	4.86%	9.37%	3.55%	22.67%	406.54%	-49.09%	-11.97%	8.39%
Net Income Q/Q Growth	-46.87%	90.01%	-20.23%	34.44%	-11.07%	0.75%	-53.44%	147.19%	-52.65%	-11.47%	9.14%
EPS Q/Q Growth	-47.43%	76.99%	-30.26%	34.44%	-11.07%	29.41%	-55.71%	145.42%	26.97%	-9.01%	11.22%
Operating Cash Flow Q/Q Growth	29.40%	-75.59%	215.29%	31.70%	-59.80%	64.95%	-2.58%	-3.72%	6.02%	-2.24%	6.72%
Free Cash Flow Firm Q/Q Growth	-260.70%	166.46%	57.95%	-0.82%	720.95%	-78.53%	71.15%	-4.46%	-51.47%	18.31%	6.15%
Invested Capital Q/Q Growth	23.23%	-2.03%	1.84%	2.66%	-56.76%	0.42%	-16.26%	4.10%	4.45%	-2.88%	-2.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.92%	75.93%	80.32%	76.30%	74.30%	73.41%	71.87%	69.90%	71.64%	71.51%	72.80%
EBITDA Margin	12.96%	5.70%	8.73%	35.05%	33.47%	33.89%	15.31%	29.25%	31.10%	29.48%	28.65%
Operating Margin	5.56%	-1.04%	5.70%	31.76%	31.47%	31.18%	28.55%	16.15%	27.25%	23.66%	25.02%
EBIT Margin	6.70%	0.89%	5.21%	32.20%	31.37%	31.85%	12.96%	16.40%	27.84%	24.84%	25.62%
Profit (Net Income) Margin	3.51%	-0.51%	10.83%	43.80%	27.62%	9.27%	9.27%	11.29%	19.36%	15.85%	17.59%
Tax Burden Percent	79.34%	19.92%	534.68%	163.87%	106.41%	35.12%	107.97%	95.35%	83.87%	78.31%	82.23%
Interest Burden Percent	65.99%	-289.33%	38.87%	83.02%	82.75%	82.85%	66.25%	72.17%	82.93%	81.48%	83.49%
Effective Tax Rate	20.66%	0.00%	-434.68%	2.45%	2.83%	6.86%	-7.77%	4.07%	16.13%	21.69%	17.77%
Return on Invested Capital (ROIC)	6.78%	-1.02%	37.41%	16.08%	25.44%	42.96%	39.94%	17.03%	26.29%	22.35%	26.08%
ROIC Less NNEP Spread (ROIC-NNEP)	82.30%	6.84%	-330.07%	738.46%	30.05%	-91.56%	19.26%	12.81%	22.52%	19.16%	22.50%
Return on Net Nonoperating Assets (RNNOA)	-1.48%	0.27%	-23.19%	6.86%	-10.45%	-25.45%	-74.35%	-147.09%	-371.03%	-1,355.15%	-413.06%
Return on Equity (ROE)	5.30%	-0.75%	14.23%	22.94%	14.99%	17.52%	-34.41%	-130.06%	-344.74%	-1,332.80%	-386.98%
Cash Return on Invested Capital (CROIC)	-17.38%	10.21%	-6.30%	12.95%	100.16%	34.01%	-13.08%	17.43%	24.28%	27.20%	30.68%
Operating Return on Assets (OROA)	4.58%	0.57%	3.28%	8.74%	8.44%	13.35%	9.54%	11.31%	21.56%	19.26%	20.02%
Return on Assets (ROA)	2.40%	-0.33%	6.81%	11.89%	7.44%	3.88%	6.82%	7.79%	14.99%	12.29%	13.74%
Return on Common Equity (ROCE)	4.70%	-0.64%	12.15%	18.30%	11.44%	10.48%	-34.65%	-132.45%	-346.08%	-1,340.49%	-387.11%
Return on Equity Simple (ROE_SIMPLE)	6.28%	-0.86%	14.73%	26.65%	19.35%	-15.67%	-135.72%	-100.01%	-3,332.68%	-866.04%	0.00%
Net Operating Profit after Tax (NOPAT)	142	-23	1,008	536	627	695	918	494	769	645	718
NOPAT Margin	4.41%	-0.73%	30.47%	30.99%	30.58%	29.05%	30.77%	15.49%	22.86%	18.53%	20.58%
Net Nonoperating Expense Percent (NNEP)	-75.52%	-7.86%	367.48%	-722.38%	-4.61%	134.52%	20.67%	4.22%	3.77%	3.19%	3.58%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	14.21%	20.11%	17.03%	19.29%
Cost of Revenue to Revenue	24.08%	24.07%	19.68%	23.70%	25.70%	26.59%	28.13%	30.10%	28.36%	28.49%	27.20%
SG&A Expenses to Revenue	15.85%	16.89%	21.75%	10.54%	12.49%	13.01%	13.90%	13.67%	12.29%	12.61%	13.92%
R&D to Revenue	6.09%	6.78%	7.59%	7.63%	7.41%	7.10%	8.08%	10.46%	11.42%	12.71%	12.89%
Operating Expenses to Revenue	70.36%	76.97%	74.62%	44.53%	42.83%	42.23%	43.32%	53.75%	44.39%	47.85%	47.78%
Earnings before Interest and Taxes (EBIT)	217	28	172	557	643	762	387	523	937	864	894
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	419	179	289	606	687	810	457	933	1,046	1,026	999
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.59	0.69	1.01	1.26	2.37	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	4.76	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.33	0.41	0.74	2.06	3.39	16.82	12.55	3.61	2.93	2.35	2.17
Price to Earnings (P/E)	8.96	0.00	8.01	5.70	15.30	247.73	134.80	31.83	15.14	14.81	12.35
Dividend Yield	0.00%	0.00%	0.00%	4.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.37%
Earnings Yield	11.16%	0.00%	12.48%	17.55%	6.53%	0.40%	0.74%	3.14%	6.61%	6.75%	8.10%
Enterprise Value to Invested Capital (EV/IC)	0.69	0.73	1.00	1.22	6.72	25.65	13.95	5.10	4.35	3.92	3.91
Enterprise Value to Revenue (EV/Rev)	0.50	0.49	1.00	2.38	5.06	18.11	13.59	4.63	3.82	3.17	3.02
Enterprise Value to EBITDA (EV/EBITDA)	3.87	8.52	11.42	6.79	15.13	53.45	88.81	15.84	12.27	10.77	10.53
Enterprise Value to EBIT (EV/EBIT)	7.49	54.45	19.13	7.39	16.14	56.88	104.88	28.25	13.71	12.78	11.77
Enterprise Value to NOPAT (EV/NOPAT)	11.38	0.00	3.27	7.68	16.56	62.37	44.18	29.91	16.69	17.13	14.66
Enterprise Value to Operating Cash Flow (EV/OCF)	4.00	15.03	7.91	4.16	16.03	54.93	44.44	28.11	14.32	11.84	9.74
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	6.70	0.00	9.53	4.21	78.79	0.00	29.21	18.08	14.08	12.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.79	0.78	0.67	0.62	0.73	-2.72	-20.19	-10.69	-201.45	-60.46	-15.68
Long-Term Debt to Equity	0.77	0.77	0.66	0.62	0.73	-2.72	-19.68	-10.69	-201.45	-60.46	-14.01
Financial Leverage	-0.02	0.04	0.07	0.01	-0.35	0.28	-3.86	-11.49	-16.48	-70.73	-18.36
Leverage Ratio	2.21	2.29	2.09	1.93	2.02	4.51	-5.05	-16.71	-22.99	-108.47	-28.15
Compound Leverage Factor	1.46	-6.63	0.81	1.60	1.67	3.74	-3.34	-12.06	-19.07	-88.38	-23.51
Debt to Total Capital	44.03%	43.95%	40.00%	38.44%	42.29%	158.18%	105.21%	110.32%	100.50%	101.68%	106.81%
Short-Term Debt to Total Capital	1.00%	0.55%	0.28%	0.23%	0.00%	0.00%	2.68%	0.00%	0.00%	0.00%	11.39%
Long-Term Debt to Total Capital	43.03%	43.40%	39.73%	38.21%	42.29%	158.18%	102.53%	110.32%	100.50%	101.68%	95.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	11.01%	4.78%	11.23%	13.18%	14.85%	0.07%	0.25%	0.03%	0.01%	0.00%	0.00%
Common Equity to Total Capital	44.96%	51.26%	48.76%	48.37%	42.85%	-58.26%	-5.46%	-10.35%	-0.51%	-1.68%	-6.82%
Debt to EBITDA	4.22	8.95	6.91	3.73	4.21	4.74	8.61	4.11	3.67	3.75	3.98
Net Debt to EBITDA	0.26	0.34	1.01	-0.38	3.53	3.83	6.79	3.49	2.84	2.81	2.94
Long-Term Debt to EBITDA	4.12	8.83	6.86	3.70	4.21	4.74	8.39	4.11	3.67	3.75	3.55
Debt to NOPAT	12.40	-70.17	1.98	4.21	4.61	5.53	4.28	7.76	5.00	5.97	5.54
Net Debt to NOPAT	0.76	-2.68	0.29	-0.43	3.86	4.47	3.38	6.59	3.87	4.46	4.10
Long-Term Debt to NOPAT	12.12	-69.29	1.96	4.19	4.61	5.53	4.17	7.76	5.00	5.97	4.95
Altman Z-Score	1.34	1.37	1.58	1.76	2.11	3.36	2.87	0.19	0.72	0.66	0.65
Noncontrolling Interest Sharing Ratio	11.31%	14.37%	14.59%	20.20%	23.67%	40.20%	-0.69%	-1.84%	-0.39%	-0.58%	-0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.53	2.58	2.66	3.13	3.67	2.04	1.04	1.59	2.39	2.54	1.42
Quick Ratio	2.30	2.30	2.43	2.87	0.58	1.75	0.87	1.39	2.20	2.36	1.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-365	228	-170	432	2,469	550	-301	506	710	785	844
Operating Cash Flow to CapEx	653.79%	0.00%	551.75%	3,147.20%	1,660.02%	1,860.85%	1,141.04%	1,070.10%	1,330.31%	1,844.12%	1,903.25%
Free Cash Flow to Firm to Interest Expense	-4.96	2.09	-1.61	4.57	22.24	4.21	-2.30	3.48	4.44	4.90	5.72
Operating Cash Flow to Interest Expense	5.51	0.93	3.96	10.45	5.84	6.04	6.99	3.61	5.61	5.83	7.32
Operating Cash Flow Less CapEx to Interest Expense	4.67	1.65	3.24	10.12	5.49	5.71	6.38	3.27	5.19	5.51	6.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.64	0.63	0.27	0.27	0.42	0.74	0.69	0.77	0.78	0.78
Accounts Receivable Turnover	13.29	13.36	12.62	5.93	10.37	18.87	18.33	16.76	13.72	11.16	11.10
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.68	10.31	10.64	5.46	9.77	22.90	22.01	18.79	18.15	19.73	24.10
Accounts Payable Turnover	9.26	10.09	9.34	5.41	11.09	25.75	25.03	37.23	70.97	63.04	68.13
Days Sales Outstanding (DSO)	27.46	27.33	28.92	61.53	35.20	19.35	19.91	21.77	26.61	32.71	32.89
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	39.41	36.16	39.09	67.43	32.92	14.18	14.58	9.80	5.14	5.79	5.36
Cash Conversion Cycle (CCC)	-11.95	-8.83	-10.16	-5.90	2.28	5.17	5.33	11.97	21.47	26.92	27.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,355	2,105	3,282	3,386	1,544	1,689	2,908	2,896	2,955	2,815	2,688
Invested Capital Turnover	1.54	1.41	1.23	0.52	0.83	1.48	1.30	1.10	1.15	1.21	1.27
Increase / (Decrease) in Invested Capital	508	-250	1,177	104	-1,842	145	1,219	-12	59	-140	-127
Enterprise Value (EV)	1,621	1,526	3,295	4,115	10,384	43,317	40,549	14,777	12,838	11,044	10,520
Market Capitalization	1,070	1,290	2,443	3,572	6,946	40,214	37,438	11,521	9,863	8,165	7,578
Book Value per Share	$21.74	$23.57	$29.64	$34.04	$34.61	($5.32)	($0.72)	($1.29)	($0.07)	($0.25)	($1.07)
Tangible Book Value per Share	($10.63)	($5.18)	($9.67)	($6.17)	$17.26	($10.96)	($11.97)	($10.98)	($9.82)	($10.31)	($11.80)
Total Capital	4,013	3,646	4,983	5,877	6,832	2,428	3,735	3,477	3,823	3,785	3,719
Total Debt	1,767	1,602	1,993	2,259	2,890	3,841	3,929	3,836	3,842	3,849	3,973
Total Long-Term Debt	1,727	1,582	1,979	2,246	2,890	3,841	3,829	3,836	3,842	3,849	3,549
Net Debt	109	61	292	-231	2,424	3,102	3,102	3,255	2,974	2,878	2,941
Capital Expenditures (CapEx)	62	-78	76	31	39	42	80	49	67	51	57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-304	-269	-297	-362	2,232	-219	-677	-255	-129	-122	-187
Debt-free Net Working Capital (DFNWC)	1,216	1,149	1,339	1,893	2,698	520	150	326	740	848	844
Net Working Capital (NWC)	1,176	1,129	1,325	1,879	2,698	520	50	326	740	848	421
Net Nonoperating Expense (NNE)	29	-6.69	650	-222	61	473	641	134	118	93	104
Net Nonoperating Obligations (NNO)	109	61	292	-231	-2,399	3,102	3,102	3,255	2,974	2,878	2,941
Total Depreciation and Amortization (D&A)	202	151	116	49	43	49	70	410	110	162	106
Debt-free, Cash-free Net Working Capital to Revenue	-9.41%	-8.57%	-8.97%	-20.95%	108.82%	-9.16%	-22.70%	-8.00%	-3.84%	-3.52%	-5.36%
Debt-free Net Working Capital to Revenue	37.65%	36.60%	40.49%	109.43%	131.52%	21.75%	5.02%	10.22%	21.98%	24.38%	24.21%
Net Working Capital to Revenue	36.41%	35.97%	40.08%	108.63%	131.52%	21.75%	1.67%	10.22%	21.98%	24.38%	12.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.09	($0.39)	$2.88	$5.67	$3.86	$0.58	$1.01	$1.28	$2.36	$2.12	$2.53
Adjusted Weighted Average Basic Shares Outstanding	110.07M	103.01M	109.53M	111.02M	112.32M	268.97M	285.15M	279.32M	268.01M	250.43M	232.64M
Adjusted Diluted Earnings per Share	$1.00	($0.39)	$2.40	$4.97	$3.40	$0.49	$0.93	$1.24	$2.26	$2.02	$2.38
Adjusted Weighted Average Diluted Shares Outstanding	110.07M	103.01M	109.53M	111.02M	112.32M	268.97M	285.15M	279.32M	268.01M	250.43M	232.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	110.07M	103.01M	109.53M	111.02M	112.32M	268.97M	285.15M	279.32M	268.01M	250.43M	232.64M
Normalized Net Operating Profit after Tax (NOPAT)	154	170	132	536	627	695	596	494	769	645	718
Normalized NOPAT Margin	4.76%	5.41%	3.99%	30.99%	30.58%	29.05%	19.98%	15.49%	22.86%	18.53%	20.58%
Pre Tax Income Margin	4.42%	-2.58%	2.02%	26.73%	25.96%	26.39%	8.59%	11.84%	23.09%	20.24%	21.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.94	0.26	1.64	5.89	5.80	5.83	2.96	3.59	5.86	5.40	6.06
NOPAT to Interest Expense	1.94	-0.21	9.57	5.67	5.65	5.32	7.03	3.39	4.81	4.03	4.86
EBIT Less CapEx to Interest Expense	2.10	0.97	0.92	5.56	5.44	5.51	2.35	3.26	5.44	5.08	5.67
NOPAT Less CapEx to Interest Expense	1.09	0.51	8.85	5.34	5.30	4.99	6.42	3.06	4.39	3.71	4.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	128.25%	16.96%	5.64%	15.19%	0.29%	7.14%	0.53%	2.93%	0.29%	0.23%	30.38%
Augmented Payout Ratio	325.33%	16.96%	21.40%	32.80%	38.48%	67.10%	319.53%	138.94%	84.13%	136.76%	158.96%

This table displays calculated financial ratios and metrics derived from Match Group's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.41%	8.90%	-45.34%	9.21%	4.16%	1.57%	-0.70%	-3.31%	-0.04%	2.10%	2.07%
EBITDA Growth	3.33%	19.73%	-72.92%	0.33%	1.22%	2.11%	-10.06%	-7.86%	-11.60%	-10.77%	18.81%
EBIT Growth	4,655.91%	18.08%	-72.84%	-3.70%	-1.46%	-13.40%	-10.63%	-9.78%	-11.71%	5.92%	25.61%
NOPAT Growth	2,442.25%	23.19%	-73.30%	0.37%	-5.74%	-14.34%	-32.66%	-2.01%	-0.97%	13.53%	30.92%
Net Income Growth	524.36%	27.67%	-75.92%	2.11%	-2.93%	-16.66%	-31.09%	-4.60%	-5.88%	17.79%	32.46%
EPS Growth	536.36%	29.55%	154.84%	4.76%	0.00%	-10.53%	-25.32%	0.00%	2.08%	21.57%	40.68%
Operating Cash Flow Growth	198.55%	3.68%	22.59%	135.99%	-38.44%	-8.89%	-7.75%	-32.03%	89.08%	21.02%	26.72%
Free Cash Flow Firm Growth	-56.88%	-83.20%	-79.45%	168.83%	-3.13%	-34.63%	54.06%	-49.40%	-17.52%	241.96%	13.18%
Invested Capital Growth	-1.54%	1.70%	2.03%	-3.73%	-1.67%	2.44%	-4.74%	0.53%	-0.50%	-4.60%	-4.50%
Revenue Q/Q Growth	5.39%	6.27%	-1.74%	-0.76%	0.51%	3.64%	-3.94%	-3.37%	3.92%	5.85%	-3.97%
EBITDA Q/Q Growth	8.81%	14.40%	6.88%	-24.59%	9.77%	15.40%	-5.86%	-22.74%	5.31%	16.48%	25.36%
EBIT Q/Q Growth	8.20%	15.23%	5.50%	-26.79%	10.73%	1.26%	8.88%	-26.10%	8.36%	21.49%	29.11%
NOPAT Q/Q Growth	12.11%	14.32%	40.68%	-44.33%	5.30%	3.88%	10.59%	-18.99%	6.42%	19.09%	27.53%
Net Income Q/Q Growth	13.80%	19.23%	40.26%	-46.35%	8.18%	2.37%	15.97%	-25.72%	6.73%	28.11%	30.42%
EPS Q/Q Growth	14.29%	18.75%	38.60%	-44.30%	9.09%	6.25%	15.69%	-25.42%	11.36%	26.53%	33.87%
Operating Cash Flow Q/Q Growth	74.00%	38.82%	-5.05%	2.89%	-54.61%	105.44%	-3.86%	-24.18%	26.27%	31.50%	0.67%
Free Cash Flow Firm Q/Q Growth	120.71%	-32.82%	45.98%	24.19%	-20.47%	-54.66%	244.04%	-59.21%	29.65%	87.97%	13.87%
Invested Capital Q/Q Growth	-0.14%	-3.14%	4.45%	-4.71%	2.01%	0.91%	-2.88%	0.56%	0.96%	-3.25%	-2.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.83%	71.01%	75.97%	70.13%	71.65%	71.73%	72.52%	71.50%	71.99%	72.98%	74.66%
EBITDA Margin	29.43%	31.68%	34.46%	26.19%	28.60%	31.84%	31.21%	24.95%	25.29%	27.83%	36.33%
Operating Margin	25.89%	27.63%	30.04%	21.49%	23.67%	23.52%	25.97%	20.76%	22.45%	24.21%	32.42%
EBIT Margin	26.31%	28.52%	30.63%	22.59%	24.89%	24.32%	27.56%	21.08%	21.98%	25.23%	33.92%
Profit (Net Income) Margin	16.56%	18.57%	26.52%	14.34%	15.43%	15.24%	18.40%	14.15%	14.53%	17.58%	23.88%
Tax Burden Percent	76.95%	77.58%	102.13%	80.10%	76.18%	76.83%	80.12%	84.01%	79.57%	83.02%	82.31%
Interest Burden Percent	81.79%	83.94%	84.77%	79.22%	81.38%	81.58%	83.32%	79.88%	83.06%	83.95%	85.52%
Effective Tax Rate	23.05%	22.42%	-2.13%	19.90%	23.82%	23.17%	19.88%	15.99%	20.44%	16.98%	17.69%
Return on Invested Capital (ROIC)	27.15%	31.20%	35.29%	20.61%	21.61%	22.00%	25.10%	21.33%	21.52%	24.63%	33.83%
ROIC Less NNEP Spread (ROIC-NNEP)	26.29%	30.43%	34.13%	19.81%	20.88%	21.17%	24.39%	20.40%	20.57%	23.86%	32.98%
Return on Net Nonoperating Assets (RNNOA)	-272.14%	-201.61%	-562.49%	-277.00%	-413.96%	-334.03%	-1,725.28%	-417.05%	-347.14%	-456.40%	-605.35%
Return on Equity (ROE)	-244.99%	-170.41%	-527.20%	-256.39%	-392.34%	-312.03%	-1,700.18%	-395.72%	-325.63%	-431.77%	-571.52%
Cash Return on Invested Capital (CROIC)	51.72%	52.17%	24.28%	30.60%	27.89%	23.16%	27.20%	22.19%	22.84%	28.09%	30.68%
Operating Return on Assets (OROA)	24.73%	28.53%	23.71%	18.04%	19.84%	19.54%	21.38%	17.54%	18.42%	19.52%	26.50%
Return on Assets (ROA)	15.57%	18.58%	20.53%	11.45%	12.30%	12.25%	14.27%	11.77%	12.17%	13.60%	18.66%
Return on Common Equity (ROCE)	-245.48%	-170.63%	-529.25%	-256.47%	-393.03%	-312.39%	-1,709.98%	-395.91%	-325.84%	-431.95%	-571.72%
Return on Equity Simple (ROE_SIMPLE)	-753.25%	-459.44%	0.00%	-606.64%	0.00%	0.00%	0.00%	-298.64%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	165	189	266	148	156	162	179	145	154	184	234
NOPAT Margin	19.92%	21.43%	30.69%	17.21%	18.03%	18.07%	20.81%	17.44%	17.86%	20.10%	26.69%
Net Nonoperating Expense Percent (NNEP)	0.86%	0.76%	1.16%	0.80%	0.74%	0.83%	0.71%	0.92%	0.95%	0.77%	0.85%
Return On Investment Capital (ROIC_SIMPLE)	-	-	6.95%	3.96%	4.19%	4.31%	4.73%	4.47%	4.82%	4.81%	6.30%
Cost of Revenue to Revenue	30.17%	28.99%	24.03%	29.87%	28.35%	28.27%	27.48%	28.50%	28.01%	27.02%	25.34%
SG&A Expenses to Revenue	12.98%	12.15%	12.49%	12.36%	13.23%	11.61%	13.30%	13.42%	15.81%	16.19%	10.19%
R&D to Revenue	11.37%	10.68%	11.26%	13.46%	13.14%	11.58%	12.69%	14.54%	13.26%	11.48%	12.43%
Operating Expenses to Revenue	43.93%	43.38%	45.93%	48.64%	47.98%	48.21%	46.55%	50.73%	49.54%	48.77%	42.24%
Earnings before Interest and Taxes (EBIT)	218	251	265	194	215	218	237	175	190	231	298
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	244	279	298	225	247	285	268	207	218	254	319
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.91	2.67	2.93	2.84	2.28	2.74	2.35	2.25	2.18	2.44	2.17
Price to Earnings (P/E)	8.68	7.91	15.14	14.90	12.20	15.31	14.81	14.23	14.00	15.04	12.35
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.61%	1.24%	1.62%	2.37%
Earnings Yield	11.52%	12.64%	6.61%	6.71%	8.20%	6.53%	6.75%	7.03%	7.14%	6.65%	8.10%
Enterprise Value to Invested Capital (EV/IC)	5.05	4.96	4.35	4.50	3.81	4.32	3.92	3.81	3.72	4.14	3.91
Enterprise Value to Revenue (EV/Rev)	3.68	3.43	3.82	3.69	3.15	3.59	3.17	3.12	3.08	3.30	3.02
Enterprise Value to EBITDA (EV/EBITDA)	8.18	7.58	12.27	12.10	10.41	11.86	10.77	10.69	10.84	12.06	10.53
Enterprise Value to EBIT (EV/EBIT)	9.16	8.51	13.71	13.63	11.80	14.03	12.78	12.75	12.95	13.74	11.77
Enterprise Value to NOPAT (EV/NOPAT)	9.99	9.28	16.69	16.47	14.40	17.10	17.13	16.81	16.60	17.28	14.66
Enterprise Value to Operating Cash Flow (EV/OCF)	17.65	16.58	14.32	11.95	11.15	13.12	11.84	12.81	11.10	11.30	9.74
Enterprise Value to Free Cash Flow (EV/FCFF)	9.69	9.58	18.08	14.43	13.53	18.88	14.08	17.21	16.23	14.39	12.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-21.63	-12.84	-201.45	-35.70	-29.56	-43.47	-60.46	-18.76	-14.86	-18.07	-15.68
Long-Term Debt to Equity	-21.63	-12.84	-201.45	-35.70	-29.56	-43.47	-60.46	-18.76	-12.37	-15.85	-14.01
Financial Leverage	-10.35	-6.62	-16.48	-13.98	-19.83	-15.78	-70.73	-20.44	-16.88	-19.13	-18.36
Leverage Ratio	-13.55	-8.18	-22.99	-19.47	-28.31	-22.39	-108.47	-28.56	-22.82	-28.72	-28.15
Compound Leverage Factor	-11.08	-6.87	-19.49	-15.42	-23.04	-18.26	-90.37	-22.81	-18.96	-24.11	-24.08
Debt to Total Capital	104.85%	108.44%	100.50%	102.88%	103.50%	102.35%	101.68%	105.63%	107.22%	105.86%	106.81%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	17.93%	13.02%	11.39%
Long-Term Debt to Total Capital	104.85%	108.44%	100.50%	102.88%	103.50%	102.35%	101.68%	105.63%	89.29%	92.84%	95.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-4.86%	-8.45%	-0.51%	-2.89%	-3.51%	-2.36%	-1.68%	-5.63%	-7.22%	-5.86%	-6.82%
Debt to EBITDA	2.13	2.08	3.67	3.67	3.66	3.64	3.75	3.40	3.50	4.26	3.98
Net Debt to EBITDA	1.72	1.69	2.84	2.79	2.86	2.83	2.81	2.99	3.15	3.15	2.94
Long-Term Debt to EBITDA	2.13	2.08	3.67	3.67	3.66	3.64	3.75	3.40	2.92	3.74	3.55
Debt to NOPAT	2.60	2.54	5.00	5.00	5.07	5.25	5.97	5.34	5.36	6.11	5.54
Net Debt to NOPAT	2.10	2.07	3.87	3.80	3.96	4.08	4.46	4.70	4.83	4.51	4.10
Long-Term Debt to NOPAT	2.60	2.54	5.00	5.00	5.07	5.25	5.97	5.34	4.46	5.36	4.95
Altman Z-Score	0.38	0.32	0.23	0.19	0.02	0.30	0.20	-0.05	-0.24	0.21	0.21
Noncontrolling Interest Sharing Ratio	-0.20%	-0.13%	-0.39%	-0.03%	-0.18%	-0.12%	-0.58%	-0.05%	-0.06%	-0.04%	-0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.11	1.96	2.39	2.41	2.51	2.49	2.54	1.62	0.70	1.41	1.42
Quick Ratio	1.90	1.76	2.20	2.21	2.28	2.26	2.36	1.44	0.62	1.29	1.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	211	142	207	257	204	93	319	130	169	317	361
Operating Cash Flow to CapEx	1,189.27%	2,314.79%	1,587.62%	1,648.50%	1,017.80%	2,021.52%	3,366.06%	1,251.81%	1,894.65%	2,322.98%	2,201.02%
Free Cash Flow to Firm to Interest Expense	5.31	3.51	5.12	6.37	5.11	2.31	8.06	3.69	5.24	8.56	8.37
Operating Cash Flow to Interest Expense	5.27	7.20	6.83	7.04	3.22	6.60	6.44	5.48	7.58	8.66	7.49
Operating Cash Flow Less CapEx to Interest Expense	4.83	6.89	6.40	6.61	2.90	6.28	6.25	5.04	7.18	8.29	7.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.94	1.00	0.77	0.80	0.80	0.80	0.78	0.83	0.84	0.77	0.78
Accounts Receivable Turnover	17.65	17.66	13.72	14.26	11.64	11.10	11.16	12.58	10.35	10.14	11.10
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	22.29	22.50	18.15	18.33	18.65	19.21	19.73	20.26	20.60	23.08	24.10
Accounts Payable Turnover	83.88	75.23	70.97	54.56	76.54	49.79	63.04	65.03	54.16	35.90	68.13
Days Sales Outstanding (DSO)	20.69	20.67	26.61	25.59	31.36	32.89	32.71	29.01	35.25	36.01	32.89
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	4.35	4.85	5.14	6.69	4.77	7.33	5.79	5.61	6.74	10.17	5.36
Cash Conversion Cycle (CCC)	16.33	15.82	21.47	18.90	26.59	25.56	26.92	23.39	28.52	25.84	27.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,921	2,829	2,955	2,815	2,872	2,898	2,815	2,830	2,858	2,765	2,688
Invested Capital Turnover	1.36	1.46	1.15	1.20	1.20	1.22	1.21	1.22	1.20	1.23	1.27
Increase / (Decrease) in Invested Capital	-46	47	59	-109	-49	69	-140	15	-14	-133	-127
Enterprise Value (EV)	14,752	14,022	12,838	12,668	10,931	12,521	11,044	10,779	10,619	11,441	10,520
Market Capitalization	11,654	10,894	9,863	9,745	7,929	9,535	8,165	7,766	7,531	8,452	7,578
Book Value per Share	($0.64)	($1.08)	($0.07)	($0.41)	($0.49)	($0.34)	($0.25)	($0.73)	($0.94)	($0.93)	($1.07)
Tangible Book Value per Share	($10.08)	($10.35)	($9.82)	($10.09)	($10.02)	($10.27)	($10.31)	($10.79)	($11.36)	($11.49)	($11.80)
Total Capital	3,661	3,542	3,823	3,736	3,715	3,759	3,785	3,244	3,198	3,821	3,719
Total Debt	3,839	3,841	3,842	3,844	3,846	3,847	3,849	3,427	3,429	4,045	3,973
Total Long-Term Debt	3,839	3,841	3,842	3,844	3,846	3,847	3,849	3,427	2,855	3,548	3,549
Net Debt	3,098	3,128	2,974	2,923	3,002	2,986	2,878	3,013	3,088	2,989	2,941
Capital Expenditures (CapEx)	18	13	17	17	13	13	7.57	15	13	14	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-146	-165	-129	-190	-70	-68	-122	-95	-102	-115	-187
Debt-free Net Working Capital (DFNWC)	595	548	740	731	774	792	848	319	238	941	844
Net Working Capital (NWC)	595	548	740	731	774	792	848	319	-335	444	421
Net Nonoperating Expense (NNE)	28	25	36	25	22	25	21	27	29	23	25
Net Nonoperating Obligations (NNO)	3,098	3,128	2,974	2,923	3,002	2,986	2,878	3,013	3,088	2,989	2,941
Total Depreciation and Amortization (D&A)	26	28	33	31	32	67	31	32	29	24	21
Debt-free, Cash-free Net Working Capital to Revenue	-3.64%	-4.03%	-3.84%	-5.52%	-2.02%	-1.96%	-3.52%	-2.75%	-2.96%	-3.32%	-5.36%
Debt-free Net Working Capital to Revenue	14.83%	13.42%	21.98%	21.27%	22.28%	22.74%	24.38%	9.26%	6.90%	27.14%	24.21%
Net Working Capital to Revenue	14.83%	13.42%	21.98%	21.27%	22.28%	22.74%	24.38%	9.26%	-9.72%	12.79%	12.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.49	$0.59	$0.85	$0.46	$0.50	$0.53	$0.63	$0.47	$0.51	$0.67	$0.88
Adjusted Weighted Average Basic Shares Outstanding	278.09M	271.81M	268.01M	265.67M	257.90M	251.09M	250.43M	245.23M	240.62M	236.07M	232.64M
Adjusted Diluted Earnings per Share	$0.48	$0.57	$0.79	$0.44	$0.48	$0.51	$0.59	$0.44	$0.49	$0.62	$0.83
Adjusted Weighted Average Diluted Shares Outstanding	278.09M	271.81M	268.01M	265.67M	257.90M	251.09M	250.43M	245.23M	240.62M	236.07M	232.64M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	278.09M	271.81M	268.01M	265.67M	257.90M	251.09M	250.43M	245.23M	240.62M	236.07M	232.64M
Normalized Net Operating Profit after Tax (NOPAT)	165	189	182	148	156	162	179	145	154	184	234
Normalized NOPAT Margin	19.92%	21.43%	21.03%	17.21%	18.03%	18.07%	20.81%	17.44%	17.86%	20.10%	26.69%
Pre Tax Income Margin	21.52%	23.94%	25.96%	17.90%	20.25%	19.84%	22.97%	16.84%	18.26%	21.18%	29.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.49	6.23	6.56	4.81	5.37	5.43	5.99	4.97	5.90	6.23	6.91
NOPAT to Interest Expense	4.16	4.68	6.58	3.67	3.89	4.03	4.52	4.11	4.80	4.96	5.44
EBIT Less CapEx to Interest Expense	5.05	5.92	6.13	4.39	5.05	5.10	5.80	4.53	5.50	5.86	6.57
NOPAT Less CapEx to Interest Expense	3.72	4.37	6.15	3.24	3.57	3.71	4.33	3.68	4.40	4.59	5.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.14%	0.14%	0.29%	0.16%	0.11%	0.21%	0.23%	8.88%	17.78%	25.08%	30.38%
Augmented Payout Ratio	32.68%	32.49%	84.13%	95.31%	121.42%	117.71%	136.76%	146.83%	163.74%	144.63%	158.96%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for Match Group (MTCH) based on the last four years of quarterly income statements, cash flow statements, and balance sheets. The focus is on trends that could help a retail investor gauge profitability, cash generation, leverage, and liquidity.

Q4 2025 gross margin is roughly 74.7% (655.5M gross profit on 878.0M revenue), indicating improved cost control and favorable mix that supported stronger profitability in the quarter.
Q4 2025 net income attributable to common shareholders was about 209.6M with basic EPS of 0.88 and diluted EPS of 0.83, signaling solid quarterly profitability and per‑share uplift despite revenue pressures.
Operating cash flow remains robust, with net cash from continuing operating activities of about 322.8M in Q4 2025 and free cash flow near 308M after capex (PPE purchases of ~14.7M).
Balance sheet liquidity is healthy, with cash & equivalents around 1.05B at 2025 Q4 and a stable current asset/liability base that supports near-term liquidity needs.
Revenue has been volatile across the four-year window (notably higher in 2022 and lower in the 2025 quarters), though recent quarters have shown stabilization around the high 800Ms to 900Ms range.
Debt remains meaningful (long-term debt around 3.55B as of 2025 Q4), but cash flow generation has generally supported interest coverage and liquidity.
Net cash from financing activities has been negative in several periods due to share repurchases and dividends; in 2025 Q4, net financing cash flow was about -367.7M, reflecting ongoing capital return activity.
topline weakness in 2025 versus a 2022 peak, with quarterly revenue around 878M in Q4 2025 vs. 1.584B in 2022 Q4, suggesting slower long‑term revenue growth despite margin gains.
Balance sheet equity has shown negative/pressured levels in some periods due to restatements, which can indicate lower book value of equity and potential accounting‑related considerations.
Significant share repurchases in some quarters (e.g., Q4 2025 repurchase of common equity around 238.9M) reduce cash and could limit flexibility for future investments or dividends.

05/06/26 02:23 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Match Group's Financials

When does Match Group's financial year end?

According to the most recent income statement we have on file, Match Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Match Group's net income changed over the last 10 years?

Match Group's net income appears to be on an upward trend, with a most recent value of $613.46 million in 2025, rising from $113.37 million in 2015. The previous period was $551.31 million in 2024. See where experts think Match Group is headed by visiting Match Group's forecast page.

What is Match Group's operating income?

Match Group's total operating income in 2025 was $872.53 million, based on the following breakdown:

Total Gross Profit: $2.54 billion
Total Operating Expenses: $1.67 billion

How has Match Group's revenue changed over the last 10 years?

Over the last 10 years, Match Group's total revenue changed from $3.23 billion in 2015 to $3.49 billion in 2025, a change of 7.9%.

How much debt does Match Group have?

Match Group's total liabilities were at $4.71 billion at the end of 2025, a 4.1% increase from 2024, and a 60.2% increase since 2015.

How much cash does Match Group have?

In the past 10 years, Match Group's cash and equivalents has ranged from $465.68 million in 2019 to $2.13 billion in 2018, and is currently $1.03 billion as of their latest financial filing in 2025.

How has Match Group's book value per share changed over the last 10 years?

Over the last 10 years, Match Group's book value per share changed from 21.74 in 2015 to -1.07 in 2025, a change of -104.9%.

Related Companies

Financial statements for NASDAQ:MTCH last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Match Group (MTCH) Financials

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