MTCH

MKT CAP:$9B

Match Group, Inc.

Market Cap

$9B

Communication Services·Internet Content & Information·🇺🇸 United States·NASDAQ

Communication·Internet·🇺🇸·NASDAQ

Stock Price

$35.64+$3.90 (+12.29%)

Apr 24, 2026

Company Details

Match Group, Inc. provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 198...

CEO

Spencer Rascoff

IPO Date

Jan 19, 1993

Website

www.mtch.com

Key Metrics TTM

Revenue

$3.5B

+0.2% YoY

Net Income

$613M

EPS (Diluted)

$2.38

Free Cash Flow

$1.0B

Revenue / Share

$13.72

Gross Margin

72.8%

Operating Margin

25.0%

Net Margin

17.6%

FCF Margin

29.4%

P/S

2.4x

P/E

13.9x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 26, 2026

$3.5B+0.2%EPS $2.38

Q4 2025

Feb 26, 2026

$878M+2.1%EPS $0.83

Q3 2025

Nov 4, 2025

$914M+2.1%EPS $0.62

Q2 2025

Aug 5, 2025

$864M-0.0%EPS $0.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$802M	$570M	$221M
Q4 21	$806M	$572M	$232M
Q1 22	$799M	$562M	$208M
Q3 22	$810M	$563M	$211M
Q1 23	$787M	$547M	$198M
Q2 23	$830M	$579M	$215M
Q3 23	$882M	$626M	$244M
Q4 23	$866M	$625M	$260M
Q1 24	$860M	$603M	$185M
Q2 24	$864M	$619M	$205M
Q3 24	$895M	$642M	$211M
Q4 24	$860M	$624M	$223M
Q1 25	$831M	$594M	$173M
Q2 25	$864M	$622M	$194M
Q3 25	$914M	$667M	$221M
Q4 25	$878M	$656M	$285M

Valuation

Quarter	P/S	P/E
Q3 21	16.5x	77.6x
Q4 21	13.0x	137.6x
Q1 22	10.0x	96.6x
Q3 22	4.4x	51.7x
Q1 23	3.3x	40.9x
Q2 23	3.6x	20.6x
Q3 23	3.1x	18.7x
Q4 23	3.0x	15.6x
Q1 24	2.8x	14.5x
Q2 24	2.2x	11.6x
Q3 24	2.7x	15.3x
Q4 24	2.4x	15.0x
Q1 25	2.2x	14.0x
Q2 25	2.2x	13.8x
Q3 25	2.5x	15.6x
Q4 25	2.2x	12.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$316M	$296M
Q4 21	$246M	$218M
Q1 22	$233M	$215M
Q3 22	$280M	$269M
Q1 23	$120M	$101M
Q2 23	$209M	$192M
Q3 23	$291M	$278M
Q4 23	$276M	$259M
Q1 24	$284M	$267M
Q2 24	$129M	$116M
Q3 24	$265M	$252M
Q4 24	$255M	$247M
Q1 25	$193M	$178M
Q2 25	$244M	$231M
Q3 25	$321M	$307M
Q4 25	$323M	$308M

Capital Expenditures

Quarter	CapEx
Q3 21	$20M
Q4 21	$27M
Q1 22	$18M
Q3 22	$11M
Q1 23	$20M
Q2 23	$18M
Q3 23	$13M
Q4 23	$17M
Q1 24	$17M
Q2 24	$13M
Q3 24	$13M
Q4 24	$8M
Q1 25	$15M
Q2 25	$13M
Q3 25	$14M
Q4 25	$15M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+26.0%	+30.6%
Q1 22	+22.6%	+34.6%
Q3 22	+21.3%	+25.2%
Q1 23	-1.8%	+1.3%
Q2 23	+2.9%	+7.1%
Q3 23	+10.4%	+8.0%
Q4 23	+7.0%	+1.2%
Q1 24	+9.2%	+14.6%
Q2 24	+4.2%	+7.3%
Q3 24	+1.6%	+7.3%
Q4 24	-0.7%	+5.1%
Q1 25	-3.3%	-2.4%
Q2 25	-0.0%	+1.6%
Q3 25	+2.1%	+1.2%
Q4 25	+2.1%	-6.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$40M	4.9%
Q4 21	$35M	4.3%
Q1 22	$42M	5.3%
Q3 22	$53M	6.6%
Q1 23	$42M	5.3%
Q2 23	$61M	7.3%
Q3 23	$62M	7.0%
Q4 23	$68M	7.9%
Q1 24	$64M	7.4%
Q2 24	$70M	8.1%
Q3 24	$64M	7.2%
Q4 24	$69M	8.0%
Q1 25	$70M	8.5%
Q2 25	$67M	7.8%
Q3 25	$56M	6.2%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$67M	$104M	$153M
Q4 21	$66M	$110M	$139M
Q1 22	$79M	$101M	$152M
Q3 22	$88M	$114M	$130M
Q1 23	$98M	$91M	$137M
Q2 23	$94M	$108M	$137M
Q3 23	$94M	$107M	$153M
Q4 23	$98M	$108M	$159M
Q1 24	$116M	$106M	$165M
Q2 24	$114M	$114M	$155M
Q3 24	$104M	$104M	$157M
Q4 24	$109M	$114M	$146M
Q1 25	$121M	$112M	$157M
Q2 25	$115M	$137M	$148M
Q3 25	$105M	$148M	$169M
Q4 25	$109M	$89M	$151M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$912M	$9M	$921M
Q2 22	$464M	$9M	$473M
Q3 22	$391M	$8M	$398M
Q4 22	$572M	$9M	$581M
Q1 23	$570M	$8M	$578M
Q2 23	$733M	$8M	$741M
Q3 23	$707M	$6M	$713M
Q4 23	$862M	$6M	$869M
Q1 24	$915M	$6M	$921M
Q2 24	$838M	$6M	$844M
Q3 24	$856M	$5M	$861M
Q4 24	$966M	$5M	$971M
Q1 25	$409M	$5M	$414M
Q2 25	$335M	$5M	$340M
Q3 25	$1.1B	$4M	$1.1B
Q4 25	$1.0B	$3M	$1.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	317M	+2.0%	—
Q4 21	283M	-10.7%	-7.4%
Q1 22	307M	+8.5%	+4.0%
Q3 22	281M	-8.3%	-9.4%
Q1 23	297M	+5.5%	-6.4%
Q2 23	295M	-0.6%	+4.2%
Q3 23	293M	-0.5%	-4.4%
Q4 23	288M	-1.8%	+2.4%
Q1 24	286M	-0.7%	-3.5%
Q2 24	264M	-7.6%	-10.4%
Q3 24	276M	+4.3%	-6.0%
Q4 24	273M	-1.2%	-5.4%
Q1 25	272M	-0.2%	-5.0%
Q2 25	264M	-3.0%	-0.2%
Q3 25	260M	-1.3%	-5.6%
Q4 25	254M	-2.4%	-6.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$426.5K	2K
Q4 21	$322.4K	3K
Q1 22	$319.5K	3K
Q3 22	$323.8K	3K
Q1 23	$291.5K	3K
Q2 23	$307.2K	3K
Q3 23	$326.5K	3K
Q4 23	$333.2K	3K
Q1 24	$330.6K	3K
Q2 24	$332.3K	3K
Q3 24	$344.4K	3K
Q4 24	$344.1K	3K
Q1 25	$332.5K	3K
Q2 25	$345.5K	3K
Q3 25	$365.7K	3K
Q4 25	$399.1K	2K

Revenue / Employee