Match Group
MTCH Nasdaq· Interactive Media & Services
Last close · Oct 27, 2026
$43.69
KIRA · Stoqly’s AI analyst, in plain words
- Match Group had $3.5B of revenue in fiscal 2025, up 0.2% on the year before. Over five years, revenue changed +7.8% a year on average.
- Its operating margin was 25.0%, up 1.4 pts: of every 100 in sales, about 25 is left after running the business.
- Match Group made $614M of net profit in fiscal 2025.
- Free cash flow was $1.0B in fiscal 2025, 29.4% of revenue.
- Match Group returned $975M to shareholders in fiscal 2025, 95% of free cash flow. The diluted share count fell 5.9%.
- Match Group owes $2.5B more than it holds in cash, about 2.7 years of operating profit.
Market cap
$10.8B
P/E
15.4x
Revenue
$3.5B
Net income
$614M
Free cash flow
$1.0B
Operating margin
25.0%
Match Group in 30 seconds · fiscal 2025
Are sales growing?
+0.2%
Only a little. Sales grew 0.2% last year.
Does it make a profit?
17.6%
Yes. It keeps 17.6% of every sale as profit.
Does profit turn into cash?
29.4%
Yes. 29.4% of sales ends up as free cash.
Is debt under control?
2.7x
Keep an eye on it. Repaying its debt would take 2.7 years of operating profit.
How healthy are the accounts?
8 / 9
Solid. It passes 8 of 9 health tests.
How is the share priced?
15.4x
One share costs 15.4 times its yearly profit per share. Typical for its sector: 17.3x.
What Match Group does
Match Group runs dating and social connection apps. Its brands include Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar and BLK. Each aims at different tastes and relationship goals, from casual discovery to serious relationships. Tinder, launched in 2012, uses its patented Swipe feature. Hinge is aimed at people looking for intentional, relationship-oriented connections. Match Group makes money mainly from its users. Tinder uses a freemium model: core features are free, and users pay for subscriptions or for extras such as Super Likes and Boosts, which can be bought one at a time. Tinder's subscription tiers are Plus, Gold and Platinum. Its mobile apps are almost exclusively accessed through the Apple App Store and Google Play Store, which charge fees. It reports revenue in segments by brand group, including Tinder, Hinge, Evergreen & Emerging and MG Asia.
Biggest risks, in its own words
- Losing paying users, since Tinder's number of payers has been declining.
- Depending on the Apple App Store and Google Play Store, which can change their rules and fees.
- Apple's removal of the Azar app from the App Store, which could cut its Azar revenue.
- Strong competition, and the risk that its brands lose appeal with users.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- Match Group, Inc.
- CIK
- 0000891103
Match Group · MTCH
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $3.0B | $3.2B | $3.4B | $3.5B | $3.5B |
| Revenue growth | 24.8% | 6.9% | 5.5% | 3.4% | 0.2% |
| Gross margin | 71.9% | 69.9% | 71.6% | 71.5% | 72.8% |
| Operating margin | 28.6% | 16.2% | 27.3% | 23.7% | 25.0% |
| Net income | $277M | $360M | $652M | $551M | $614M |
| Net margin | 9.3% | 11.3% | 19.4% | 15.9% | 17.6% |
| Diluted EPS | $0.93 | $1.24 | $2.26 | $2.02 | $2.38 |
| Cash | |||||
| Cash from operations | $913M | $526M | $897M | $933M | $1.1B |
| Capital expenditure | $80.0M | $49.1M | $67.4M | $50.6M | $56.8M |
| Free cash flow | $833M | $477M | $829M | $882M | $1.0B |
| FCF margin | 27.9% | 14.9% | 24.7% | 25.4% | 29.4% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $186M |
| Share buybacks | $0.0M | $482M | $546M | $753M | $789M |
| Share count change | 19.1% | −3.2% | −0.7% | −4.9% | −5.9% |
| Debt and strength | |||||
| Cash and short-term investments | $827M | $581M | $869M | $971M | $1.0B |
| Debt incl. finance leases | $3.8B | $3.8B | $3.8B | $3.8B | $3.5B |
| Shareholders' equity | −$204M | −$360M | −$19.5M | −$63.7M | −$254M |
| Net debt / EBITDA | 3.3x | 3.5x | 2.9x | 3.2x | 2.7x |
| Current ratio | 1.0x | 1.6x | 2.4x | 2.5x | 1.4x |
| Interest coverage | 6.5x | 3.5x | 5.7x | 5.1x | 5.9x |
| Returns and quality | |||||
| Return on capital | 40.7% | 17.3% | 26.3% | 22.4% | 28.3% |
| Piotroski F-score | 5 | 6 | 8 | 6 | 8 |
| Altman Z'' | −4.1 | −4.8 | −2.7 | −2.3 | −2.5 |
Insiders bought, 12 months
$0.6M
2 insiders
Insiders sold, 12 months
$2.9M
5 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Match Group · MTCH
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Match Group MTCH | $10.8B | 0.2% | 25.0% | 29.4% | 28.3% | 15.4x | 8 |
| People Inc. PPLI | $2.8B | −8.7% | −4.1% | 1.9% | −1.3% | 8.3x | 6 |
| Reddit RDDT | $27.6B | 69.4% | 20.1% | 31.1% | 119.1% | 31.7x | 6 |
| Snap SNAP | $10.1B | 10.6% | −9.0% | 7.4% | −14.8% | — | 6 |
| Tripadvisor TRIP | $1.1B | 3.1% | 4.2% | 8.6% | 8.9% | 149.7x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $43.69 a share, the company is worth $10.8B: 15.4 times its earnings of the last four quarters.
Match Group grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 1 of 3.
Source: SEC EDGAR XBRL filings (CIK 0000891103). Data updated October 11, 2026. For information only — not investment advice. Check the original filings before relying on any figure.