Match (MTCH) | Financial Analysis & Statements
Match Group Inc. Mid-cap Communication Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
878.0M
Gross Profit
655.5M
74.66%
Operating Income
293.3M
33.41%
Net Income
209.7M
23.88%
EPS (Diluted)
$0.83
Balance Sheet Metrics
Total Assets
4.5B
Total Liabilities
4.7B
Shareholders Equity
-253.4M
Cash Flow Metrics
Operating Cash Flow
314.1M
Free Cash Flow
308.1M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Match Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 3.5B | 3.5B | 3.4B | 3.2B | 3.0B |
| Cost of Goods Sold | 948.4M | 991.3M | 954.0M | 960.0M | 839.3M |
| Gross Profit | 2.5B | 2.5B | 2.4B | 2.2B | 2.1B |
| Gross Margin % | 72.8% | 71.5% | 71.6% | 69.9% | 71.9% |
| Operating Expenses | |||||
| Research & Development | 449.5M | 442.2M | 384.2M | 333.6M | 241.0M |
| Selling, General & Administrative | 1.1B | 1.1B | 999.9M | 970.4M | 981.3M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 1.6B | 1.5B | 1.4B | 1.3B | 1.2B |
| Operating Income | 911.1M | 897.5M | 964.6M | 881.3M | 880.2M |
| Operating Margin % | 26.1% | 25.8% | 28.7% | 27.6% | 29.5% |
| Non-Operating Items | |||||
| Interest Income | 21.9M | 41.1M | 26.8M | 4.4M | - |
| Interest Expense | 147.6M | 160.1M | 159.9M | 145.5M | 130.5M |
| Other Non-Operating Income | -39.5M | -74.5M | -54.8M | -362.1M | -493.6M |
| Pre-tax Income | 746.0M | 704.1M | 776.8M | 377.5M | 256.1M |
| Income Tax | 132.5M | 152.7M | 125.3M | 15.4M | -19.9M |
| Effective Tax Rate % | 17.8% | 21.7% | 16.1% | 4.1% | -7.8% |
| Net Income | 613.5M | 551.3M | 651.5M | 359.9M | 276.6M |
| Net Margin % | 17.6% | 15.8% | 19.4% | 11.3% | 9.3% |
| Key Metrics | |||||
| EBITDA | 1.0B | 1.0B | 1.1B | 931.4M | 911.6M |
| EPS (Basic) | $2.53 | $2.12 | $2.36 | $1.28 | $1.01 |
| EPS (Diluted) | $2.38 | $2.02 | $2.26 | $1.24 | $0.93 |
| Basic Shares Outstanding | 242676000 | 260299000 | 275773000 | 282564000 | 275004000 |
| Diluted Shares Outstanding | 242676000 | 260299000 | 275773000 | 282564000 | 275004000 |
Income Statement Trend
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Match Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 1.0B | 966.0M | 862.4M | 572.4M | 815.4M |
| Short-term Investments | 3.5M | 4.7M | 6.2M | 8.7M | 11.8M |
| Accounts Receivable | 303.5M | 325.0M | 298.6M | 191.9M | 188.5M |
| Inventory | - | - | - | - | - |
| Other Current Assets | 35.4M | 32.5M | 24.5M | 26.1M | 81.9M |
| Total Current Assets | 1.4B | 1.4B | 1.3B | 882.4M | 1.2B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 4.9B | 4.8B | 5.0B | 5.1B | 5.6B |
| Intangible Assets | 192.9M | 215.4M | 305.7M | 357.7M | 771.7M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 370.1M | 383.6M | 393.7M | 418.1M | 498.1M |
| Total Non-Current Assets | 3.0B | 3.1B | 3.2B | 3.3B | 3.8B |
| Total Assets | 4.5B | 4.5B | 4.5B | 4.2B | 5.1B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 9.6M | 18.3M | 13.2M | 13.7M | 37.9M |
| Short-term Debt | 423.6M | - | - | - | 99.9M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 80.5M | 83.2M | 79.9M | 82.2M | 128.2M |
| Total Current Liabilities | 1.0B | 549.5M | 531.8M | 556.4M | 1.2B |
| Non-Current Liabilities | |||||
| Long-term Debt | 3.5B | 3.8B | 3.8B | 3.8B | 3.8B |
| Deferred Tax Liabilities | 10.7M | 11.8M | 26.3M | 32.6M | 130.3M |
| Other Non-Current Liabilities | 104.3M | 85.9M | 101.8M | 103.7M | 116.1M |
| Total Non-Current Liabilities | 3.7B | 4.0B | 4.0B | 4.0B | 4.1B |
| Total Liabilities | 4.7B | 4.5B | 4.5B | 4.5B | 5.3B |
| Equity | |||||
| Common Stock | 300.0K | 294.0K | 290.0K | 287.0K | 283.0K |
| Retained Earnings | -6.0B | -6.6B | -7.1B | -7.8B | -8.1B |
| Treasury Stock | 2.6B | 1.8B | 1.0B | 482.0M | 0 |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | -253.4M | -63.7M | -19.1M | -358.9M | -194.6M |
| Key Metrics | |||||
| Total Debt | 4.0B | 3.8B | 3.8B | 3.8B | 3.9B |
| Working Capital | 420.7M | 848.3M | 739.5M | 326.0M | 50.0M |
Balance Sheet Composition
Match Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 613.5M | 551.3M | 651.5M | 362.1M | 276.0M |
| Depreciation & Amortization | 67.1M | 87.5M | 61.8M | 43.6M | 41.4M |
| Stock-Based Compensation | 258.2M | 267.4M | 232.1M | 203.9M | 146.8M |
| Working Capital Changes | 58.7M | -34.7M | -132.9M | -427.2M | 450.0M |
| Operating Cash Flow | 1.0B | 858.5M | 849.1M | 159.4M | 883.9M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | - | - | -11.6M | -25.7M | -859.9M |
| Investment Purchases | - | - | - | 0 | 0 |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | 9.9M | -8.0M | -9.2M | -22.6M | -859.9M |
| Financing Activities | |||||
| Share Repurchases | -788.8M | -752.7M | -546.2M | -482.0M | 0 |
| Dividends Paid | -186.3M | - | - | - | - |
| Debt Issuance | 700.0M | - | 0 | 0 | 500.0M |
| Debt Repayment | -425.0M | - | - | 0 | 0 |
| Financing Cash Flow | -991.6M | -771.9M | -554.0M | -709.7M | 52.7M |
| Free Cash Flow | 1.0B | 882.1M | 829.4M | 476.6M | 832.5M |
| Net Change in Cash | 60.2M | 78.7M | 285.9M | -572.8M | 76.8M |
Cash Flow Trend
Match Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
15.35
Forward P/E
9.06
Price to Book
-33.07
Price to Sales
2.47
PEG Ratio
0.37
Profitability Ratios
Profit Margin
17.59%
Operating Margin
30.02%
Return on Equity
-242.09%
Return on Assets
13.26%
Financial Health
Current Ratio
1.42
Debt to Equity
-16.14
Beta
1.30
Per Share Data
EPS (TTM)
$2.38
Book Value per Share
$-1.09
Revenue per Share
$14.37
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| MTCH | 8.4B | 15.35 | -33.07 | -242.09% | 17.59% | -16.14 |
| Alphabet | 4.1T | 31.36 | 9.88 | 35.71% | 32.81% | 16.13 |
| Meta Platforms | 1.7T | 27.10 | 9.47 | 39.84% | 39.11% | 26.76 |
| Snap | 9.4B | -20.63 | 4.18 | -19.46% | -7.76% | 181.60 |
| Kanzhun Ltd - ADR | 6.1B | 15.87 | 2.15 | 15.36% | 33.09% | 0.79 |
| IAC | 3.4B | 18.97 | 0.73 | -2.11% | -4.35% | 33.99 |
Financial data is updated regularly. All figures are in the company's reporting currency.






