Filing Flows › Match Group (MTCH) › Q4 2025
Match Group (MTCH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Match Group (MTCH) reported revenue of $878M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -4% from the quarter before. Operating margin was 32.4%, net earnings $210M (23.9% of revenue).
Match Group, Q4 2025: revenue $878M (+2% year over year), operating margin 32.4%, net earnings $210M, operating cash flow $323M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $878M | -4% | +2% |
| Operating profit | $285M | +29% | +27% |
| Net earnings | $210M | +30% | +32% |
| Operating cash flow | $323M | +0.7% | +27% |
| Free cash flow | $308M | +0.4% | +25% |
What changed
Revenue was $878.0M in Q4 2025, up 2% year over year and down 4% from the previous quarter.
Operating profit was $284.7M, a 32.4% margin (up 6.5 points year over year). Of the extra revenue versus a year earlier, 344% reached operating profit, above the 26% margin then. Total costs fell 7% while revenue rose 2%. Net earnings were $209.6M, up 32% year over year. The effective tax rate was 17.7%.
Operating cash flow was $322.8M (up 27% year over year), 154% of net earnings. Non-cash charges added back $12.5M of depreciation and $64.0M of share-based compensation. Working capital and other items added $36.6M. Capital expenditures of $14.7M left free cash flow of $308.1M.
Questions
What was Match Group's revenue in the fourth quarter 2025?
Match Group (MTCH) reported revenue of $878M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -4% from the quarter before.
Was Match Group profitable in the fourth quarter 2025?
Operating profit was $285M (32.4% of revenue) and net earnings $210M.
Source: Match Group 10-K on SEC EDGAR.