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Match Group Inc.

MTCH Communication Services Internet Content & Information

Match Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, roughly unchanged from fiscal 2024.

Revenue
−2.52%
EPS
+13.5%
Free cash flow
−0.54%
Total debt
−12.2%

Quarter to September 2026, against a year earlier

39.15 1.06 −2.64%
Market cap
$8.9B
P/E
12.7×
Fwd P/E
14.8×
Dividend yield
2.02%
F-score
8/9
Altman Z
0.67
Beneish M
−3.04
Dividend safety
56/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Tinder
  • Hinge
  • Evergreen & Emerging
  • MG Asia

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 0.11
Sold, $m 2.94
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 1 — — —
Sell — — — 1 — 1 — — 2 1 — —
Insider Ownership 0.74%

Capital & Financial Ratios $m

Size
Market Cap 8,910.00
Revenue ttm 3,486.28
Net income ttm 721.41
Free cash flow ttm 1,139.80
Net debt Q 2,824.17
Valuation
P/E 12.67
Forward P/E 14.80
Price / sales 2.58
Forward P/S Powerpack
Price / FCF 7.88
Price / book 0.00
Financial health
Current ratio Q 1.79 (at or above 1.5: strong)
Debt / equity Q (25.48) (negative: negative equity)
Interest coverage Q 6.47
Growth
Revenue growth Q −2.52% (below 0%: shrinking)
Operating income growth Q +21.34% (above 0%: growing)
EPS, this year +17.21% (at or above 15%: strong)
EPS, next year A +5.89%
Revenue, next year A −0.18% (below 0%: weak)
EPS, past 5 yrs +29.24% (at or above 15%: strong)
EPS, next 5 yrs A +12.12%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.5×, against a ten-year median of 3.6×; over the ten years it ranged from 0.4× in 2016 to 18.3× in 2021.
P/E against its own 10 years 31.45%
10-year low 10-year high
P/S against its own 10 years 47.16%
10-year low 10-year high
EV/Sales against its own 10 years 48.48%
10-year low 10-year high
EV/FCF against its own 10 years 30.84%
10-year low 10-year high

Dividends

Yield
2.02%
Annual rate
0.79
Payout ratio
27.0%
Growth, 2025–26
+3.95%/yr
  1. 0.76 ’25
  2. 0.79 ’26 +4
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 869 971 1,031 729
Receivables 299 325 303 279
Inventory — — — —
Other 104 102 93 96
1,271 1,398 1,427 1,104
2023 2024 2025 Q'26
Payables 13 18 10 28
ST’ Debt — — 424 —
Other — — — —
532 549 1,007 616

Compound Annual Growth %

10y 5y 3y
Sales 0.77% 7.84% 3.03%
Cash Flow 10.29% 6.50% 27.14%
Earnings 17.77% 30.46% 19.23%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.05 Actual 0.93

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.01 1.06 Beat by 0.05
Q1 FY26 0.92 0.95 Beat by 0.03
Q2 FY26 0.97 0.92 Miss by 0.05
Q3 FY26 1.05 0.93 Miss by 0.12
Q4 FY26 1.10 — Reports 2 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.68 0.70 0.72 — —
’25 0.44 0.49 0.62 0.83 2.38
’24 0.44 0.48 0.51 0.59 2.02
’23 0.42 0.48 0.57 0.81 2.26
’22 0.60 (0.11) 0.44 0.30 1.24
’21 0.57 0.46 0.43 (0.60) 0.93
’20 (2.49) 0.32 0.46 0.48 0.66
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 864 853 891 — —
’25 831 864 914 878 3,487
’24 860 864 895 860 3,479
’23 787 830 882 866 3,365
’22 799 795 810 786 3,189
’21 668 708 802 806 2,983
’20 545 555 640 651 2,391
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 194 370 322 — —
’25 193 244 321 323 1,080
’24 284 129 265 255 933
’23 120 209 291 276 897
’22 233 (213) 280 225 526
’21 102 249 316 246 912
’20 39 237 243 270 789
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 174 353 305 — —
’25 178 231 307 308 1,024
’24 267 116 252 247 882
’23 101 192 278 259 829
’22 215 (222) 269 214 477
’21 92 226 296 218 833
’20 29 228 229 260 746
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 1.0% a year for ten years. It grew 14.8% a year over the last ten.

Implied
1.0%
10 years, reported
14.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,140 3,307 1,730 2,051 2,391 2,983 3,189 3,365 3,479 3,487 3,486 +1.2% 3,481 3,622 3,824 +3.1%
Gross margin, % 75.93 80.32 76.30 74.30 73.41 71.87 69.90 71.64 71.51 72.80 75.79 (3.1) pt
EBT (81) 67 462 532 631 256 377 777 704 746 895 n/m
EBT margin, % (2.58) 2.02 26.73 25.96 26.39 8.59 11.84 23.09 20.24 21.39 25.66 +24.0 pt
Net income (16) 358 451 567 222 277 360 651 551 613 721 n/m
Per share, $
Per share, $ Revenue 39.23 41.29 9.61 11.28 10.70 10.85 11.29 12.20 13.37 14.37 15.20 (10.6%)
Earnings (0.52) 3.81 3.48 2.50 0.73 1.01 1.28 2.36 2.12 2.53 3.09 n/m
Cash flow 4.30 5.20 3.40 3.56 3.53 3.32 1.86 3.25 3.58 4.45 5.27 +0.4%
Capex (0.97) (0.94) (0.17) (0.21) (0.19) (0.29) (0.17) (0.24) (0.19) (0.23) (0.30) (14.7%)
Free cash flow 3.33 4.26 3.22 3.35 3.34 3.03 1.69 3.01 3.39 4.22 4.97 +2.7%
Book value 25.12 36.79 19.73 21.43 (6.33) (0.71) (1.27) (0.07) (0.24) (1.04) (0.61) n/m
Shares, m 80 80 180 182 223 275 283 276 260 243 235 +13.1%
Valuation, ×
Valuation, × P/E 0.00 8.52 7.48 16.04 0.00 127.16 32.08 15.43 15.43 12.71 12.67 23.5
P/S 0.44 0.78 4.41 5.57 16.84 12.19 3.64 2.98 2.45 2.25 2.58 5.2
P/B 0.69 0.88 5.29 3.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.1
EV/Sales 0.50 0.89 4.41 6.47 18.14 13.23 4.66 3.87 3.28 3.09 3.51 5.9
EV/FCF 5.90 8.65 32.38 28.62 58.14 47.41 31.20 15.71 12.93 10.53 10.73 25.1
Cash, $m
Cash, $m Operating cash flow 344 417 611 648 789 912 526 897 933 1,080 1,209 +13.6%
Capex (78) (76) (31) (39) (42) (80) (49) (67) (51) (57) (69) (3.5%)
Free cash flow 266 341 580 609 746 833 477 829 882 1,024 1,140 +16.1%
Balance, $m
Balance, $m Working capital 1,129 1,325 1,879 2,698 520 50 326 740 848 421 488 (10.4%)
Net debt 184 357 4 2,438 3,109 3,102 3,269 2,974 2,878 2,941 2,824 +36.1%
Shareholders’ equity 2,011 2,947 3,552 3,898 (1,413) (196) (359) (19) (64) (253) (139) n/m
Returns, %
Returns, % ROA (0.84) 5.80 9.84 5.96 2.85 6.85 7.83 14.99 12.29 13.74 16.52 +14.6 pt
ROIC (0.93) 3.56 9.66 6.37 27.49 18.32 11.06 19.40 18.28 20.29 24.10 +21.2 pt
ROE (1.95) 12.30 19.30 12.18 13.07 (34.52) (130.50) (344.77) (1,332.72) (386.97) (397.14) (385.0) pt
People
People Employees 9,100 7,000 7,800 8,700 1,900 2,540 2,720 2,620 2,510 2,209 — (14.6%)
Revenue/emp, $m 0.35 0.47 0.22 0.24 1.26 1.17 1.17 1.28 1.39 1.58 — +18.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Match Group operates a portfolio of apps that help people meet and connect. Its services cater to different preferences, from casual discovery to finding a serious relationship, as well as communities defined by shared culture, values or experiences. The company was founded in 2009 and is headquartered in Kerrville. Spencer Rascoff is its chief executive.

Tinder emphasizes low-pressure discovery: users browse potential connections using its Swipe feature. Hinge focuses on people seeking relationships and offers prompts and voice features that help users present themselves. Both let people use core features for free and pay for additional features.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Tinder 1,925 55.19%
Hinge 691 19.81%
Evergreen & Emerging 608 17.44%
MG Asia 268 7.69%
Gross margin 72.80%
Operating margin 25.02%
Pre-tax margin 21.39%

Revenue by segment since 2009

Match Group Inc. vs peers in Internet Content & Information (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RDDT Reddit Inc. $18.1B 18.2× 16.6× +53.01% (above 0%: growing) +69.06% (above 0%: growing) +98.02% (above 0%: growing) 91.53% 29.23% Compare
PINS Pinterest, Inc. $11.4B 79.5× 49.6× +11.89% (above 0%: growing) −72.93% (below 0%: shrinking) −5.70% (below 0%: shrinking) 77.72% 2.58% Compare
MTCH Match Group Inc. $8.9B 12.7× 14.8× −2.52% (below 0%: shrinking) +13.45% (above 0%: growing) −0.54% (below 0%: shrinking) 76.83% 30.13%
SNAP Snap Inc. $8.6B — (loss-making) — (loss-making) +14.31% (above 0%: growing) n/m +75.99% (above 0%: growing) 62.30% 4.45% Compare
BZ KANZHUN LIMITED Sponsored ADR $7.1B 12.2× 10.9× +20.45% (above 0%: growing) +186.36% (above 0%: growing) −2.73% (below 0%: shrinking) 86.97% 35.99% Compare
ZG Zillow Group, Inc. $6.9B — (loss-making) 61.2× +7.10% (above 0%: growing) n/m +83.08% (above 0%: growing) 71.27% (22.24%) Compare
Z Zillow Group, Inc. $6.8B — (loss-making) 139× +7.10% (above 0%: growing) n/m +83.08% (above 0%: growing) 71.27% (22.24%) Compare
TME Tencent Music Entertainment Group Sponsored ADR $6.0B 11.4× 9.8× +11.80% (above 0%: growing) +4.55% (above 0%: growing) +83.69% (above 0%: growing) 44.19% 29.69% Compare
BILI Bilibili Inc. Sponsored ADR $4.8B 27.0× 22.6× +15.10% (above 0%: growing) +71.43% (above 0%: growing) +130.65% (above 0%: growing) 37.22% 4.70% Compare
Median of peers $7.0B 18.2× 22.6× +13.10% +69.06% +83.08% 71.27% 4.58%

All 68 Internet Content & Information stocks →

From the latest earnings call

Updated

  • CEO Spencer Rascoff said Tinder’s engagement trends improved and outlined plans for events, search and recommendation changes to bring users back.
  • CFO Steven Bailey reduced the expected full-year revenue impact of Tinder’s user experience tests and said the app’s rebrand had not hurt revenue.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 106.10%
Held by the ten largest 55.52%
Holder Shares Stake Change
BlackRock 28.57m 12.43% −197.02k
Vanguard 27.20m 11.83% +106.74k
Ameriprise (Columbia Threadneedle) 19.20m 8.35% +5.93m
FULLER & THALER ASSET MANAGEMENT, INC. 8.42m 3.66% +673.87k
State Street 8.29m 3.60% −51.59k
AQR Capital Management 7.91m 3.44% −1.68m
UBS 7.86m 3.42% +148.85k
Starboard Value LP 7.78m 3.38% −3.62m
LSV ASSET MANAGEMENT 6.54m 2.84% +407.50k
Arrowstreet Capital 5.87m 2.56% −1.11m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 30 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2022 23.92m — 27.00

Ownership

Directors and executive officers, together less than 1%
The Vanguard Group 13.70%
BlackRock, Inc. 11.90%
Starboard Value LP 7.60%
State Street Corporation 6.90%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Match Group Inc. (MTCH) Latest News

4 Nov

Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool

3 Nov

Impact 3 · · Proactive Investors
Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com

2 Nov

Impact 3 · · MarketBeat transcript
Impact 3 · · PR Newswire

27 Oct

Impact 4 · · 24/7 Wall St.

22 Oct

Impact 3 · · Trefis

20 Oct

Impact 4 · · fastcompany.com
Impact 3 · · Simply Wall St.

19 Oct

Impact 4 · · Investing.com
Impact 4 · · The Daily Upside

13 Oct

Impact 3 · · 24/7 Wall St.

12 Oct

Impact 3 · · Investing.com

27 Sep

Impact 3 · · Simply Wall St.

24 Sep

Impact 3 · · PR Newswire
Impact 3 · · StockStory
Impact 3 · · PR Newswire

22 Sep

Impact 4 · · PR Newswire

17 Sep

Impact 3 ·

9 Sep

Impact 3 ·

5 Sep

Impact 4 ·

4 Sep

Impact 4 ·
Impact 3 ·

3 Sep

Impact 4 · · MarketBeat
Impact 3 ·

15 Aug

Impact 3 ·

12 Aug

Impact 3 ·

MTCH metrics, ten years each

stockrow.com/MTCH · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com