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Alphabet vs Flutter Entertainment: GOOGL and FLUT compared
Alphabet is the larger company: $127.6B of revenue in its latest quarter (Q3 2026) against $3.9B for Flutter Entertainment (Q3 2026). Alphabet is growing faster (+25% against +2% a year earlier). Alphabet is more profitable, with an operating margin of 31.8% against -30.7%.
Where the money goes: GOOGL and FLUT
Alphabet (GOOGL) · Q3 2026
Alphabet, Q3 2026: revenue $127.6B (+25% year over year), operating margin 31.8%, net earnings $26.5B, operating cash flow $42.3B. The chart follows the revenue to costs, profit and cash.
Flutter Entertainment (FLUT) · Q3 2026
Flutter Entertainment, Q3 2026: revenue $3.9B (+2% year over year), operating margin -30.7%, net loss $1.1B, operating cash flow $211M. The chart follows the revenue to costs, profit and cash.
| Alphabet (GOOGL) | Flutter Entertainment (FLUT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $127.6B | $3.9B |
| Revenue growth, Y/Y | +25% | +2% |
| Operating margin | 31.8% | -30.7% |
| Net earnings | $26.5B | −$1.1B |
| Net margin | 20.7% | -29.6% |
| Operating cash flow | $42.3B | $211M |
| Free cash flow | — | $35.0M |
| Market value | $3.52T | $14.6B |
| P/E | 14.9× | — |
| Analysts’ mean target | $400.37 | $119.99 |
Where the revenue comes from
Alphabet
- Google Services: $96.3B (75%)
- Google Cloud: $30.7B (24%)
- Other Bets: $372M (0%)
Flutter Entertainment
- International: $2.4B (62%)
- U.S.: $1.5B (38%)
Questions
Which is bigger, Alphabet or Flutter Entertainment?
Alphabet is the larger company: $127.6B of revenue in its latest quarter (Q3 2026) against $3.9B for Flutter Entertainment (Q3 2026).
Is Alphabet or Flutter Entertainment growing faster?
Alphabet is growing faster (+25% against +2% a year earlier).
Which is more profitable, Alphabet or Flutter Entertainment?
Alphabet is more profitable, with an operating margin of 31.8% against -30.7%.
More: Alphabet earnings · how Alphabet makes money · Flutter Entertainment earnings · how Flutter Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.