TKO Group Holdings, Inc. (TKO) financials
NYSE · Communication Services · Entertainment · 4,000 employees · CEO Ariel Zev Emanuel
- Price
- $180.68 +1.07%
- Market cap
- $13.2B
- Enterprise value
- $16.6B
- Last report
- Q2 '26 filed 2026-08-03
- Next report
- 2026-11-04 EPS est. $1.20
Revenue (TTM)$5.3B+11.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)20.0%+2.9 pp vs a year agoOperating income $1.06B
Net income (TTM)$230M+8.9% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.67B+139.6% vs a year agoCapex $123M
Diluted EPS (TTM)$2.90+25.0% vs a year agoSum of the last 4 quarters
Net cash-$3.4B-34.7% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $13.2B EV $16.6B
- Revenue
- $5.3B Trailing 12 months
- Revenue growth
- +23% FY2026 consensus
- Profit margin
- 4.3% Net income / revenue, TTM
- P/E
- 59.8× Forward 39.0× (FY2026)
- P/S
- 2.5× Price / sales, TTM
- EV / EBITDA
- 10.7× TTM
- Free cash flow
- $1.67B Trailing 12 months
- Net income
- $230M Trailing 12 months
- Revenue estimate
- $5.82B FY2026 consensus
- Earnings
- 2026-11-04 Revenue est. $1.38B
- Dividend
- $3.14 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-03): revenue in line, EPS missed by 5.0%Revenue $1.55B vs $1.54B expected (+0.3%); EPS $1.34 vs $1.41 (-5.0%).
- Revenue growth steady: 18.2% year on yearQ2 '26 revenue $1.55B, against an average of 17.5% over the four quarters before.
- Operating margin 20.0% (TTM), +2.9 pp on a year agoOperating income grew 30.4% while revenue grew 11.4%.
- 40.2% of pre-tax profit is eaten by non-operating lossesPre-tax income $755M vs operating income $1.06B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
- Capex 2.3% of revenue (a year ago 2.0%)$123M invested in the last 4 quarters (+28.0% on a year earlier). Free cash flow $1.67B = 728.5% of net income.
- Returned $2.36B to shareholders = 141.3% of free cash flowBuybacks $1.83B (a year earlier $0), dividends $529M, stock-based pay $134M (TTM). More than the free cash flow: paid from cash or debt.
- Diluted share count down 2.3% in a year195M diluted shares in Q2 '26, 199M a year earlier.
- Net debt $3.4BCash + short-term investments $1.55B, debt incl. leases $4.95B; a year ago net debt $2.52B.
Last quarter: Q2 '26
Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $1.55B | $1.31B | +18.2% |
| Gross margin | 64.1% | 56.0% | +8.1 pp |
| Operating income | $430M | $387M | +11.2% |
| Operating margin | 27.8% | 29.5% | -1.8 pp |
| Net income | $102M | $98.4M | +3.3% |
| Diluted EPS | $1.34 | $1.17 | +14.5% |
| Operating cash flow | $374M | $396M | -5.6% |
| Capex | $24.5M | $21.3M | +14.6% |
| Free cash flow | $349M | $375M | -6.8% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $40.4M | $33M | +22.4% |
Reported vs consensus
2026-08-03| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $1.55B | $1.54B | +0.3% |
| EPS (as estimated) | $1.34 | $1.41 | -5.0% |
From the report of 2026-08-03 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyMargins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $1.8B
- Capex
- -$123M
- Buybacks
- -$1.83B
- Dividends
- -$529M
- Acquisitions
- -$25.6M
- Net debt issued
- $1.87B
- Stock-based compensation
- $134M
- Free cash flow
- $1.67B
- Returned to shareholders / FCF
- 141.3%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 59.8× | 326.6× 4 of 5 years | 14.7× – 1,184.3× |
| EV / EBITDA | 10.7× | 16.0× | 13.7× – 19.0× |
| EV / Sales | 3.1× | 5.6× | 4.2× – 7.3× |
| Price / FCF | 7.9× | 19.9× | 9.5× – 39.2× |
| Price / Book | 4.0× | 4.5× | 1.6× – 10.0× |
| FCF yield | 12.7% | 6.5% | 2.6% – 10.5% |
| Return on invested capital | 6.7% | 6.4% | 1.3% – 15.6% |
| Return on equity | 6.4% | 17.4% | -0.9% – 68.1% |
Analysts
Consensus target $223.57 (+23.7%)
range $208.00 – $235.00 · rating Buy
Strong buy0
Buy17
Hold2
Sell0
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $5.82B | +23.0% | $4.63 | +105.0% | 39.0× | 7 |
| FY2027 | $5.88B | +1.0% | $5.71 | +23.2% | 31.6× | 7 |
| FY2028 | $7.43B | +26.4% | $8.01 | +40.2% | 22.6× | 6 |
| FY2029 | $6.83B | -8.1% | $7.66 | -4.3% | 23.6× | 3 |
| FY2030 | $7.39B | +8.1% | $9.93 | +29.6% | 18.2× | 2 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 281 figures TKO Group Holdings, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $283M | $284M | -0.4% | $195M | $246M | -20.9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.06B | $634M | +67.3% | $558M | $423M | +32.0% |
| Accounts Receivable, Allowance for Credit Loss, Current | $28.1M | $24.8M | +13.2% | $30.7M | $20.6M | +48.9% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $1.1M2025-12-31 | $4.72M | -76.6% | $2.92M | $5.35M | -45.5% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $8.99M2025-12-31 | $2.11M | +326.8% | $12.8M | $4.06M | +216.0% |
| Accrued Liabilities, Current | $745M | $394M | +89.2% | $526M | $670M | -21.5% |
| Accrued Professional Fees, Current | $85.4M | $29.6M | +188.5% | $45.8M | $28.4M | +61.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $415M | $331M | +25.1% | $371M | $279M | +33.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$20.5M | -$15.6M | -31.3% | -$17.5M | -$2.55M | -585.2% |
| Additional Paid in Capital, Common Stock | $4.83B | $4.41B | +9.4% | $4.55B | $4.39B | +3.8% |
| Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings | $58.9M | $31.1M | +89.4% | $185M | – | – |
| Amortization of Debt Issuance Costs and Discounts | $1.22M | $641K | +89.5% | $2.75M | $10.4M | -73.6% |
| Amortization of Intangible Assets | $66.8M | $72.1M | -7.4% | $368M | $342M | +7.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $40M | $32.3M | +23.8% | $109M | $87.7M | +24.7% |
| Asset Impairment Charges | $02025-12-31 | $2.17M | -100.0% | $3.59M | $27.9M | -87.2% |
| AssetAcquisitionConsiderationTransferredOtherAssets | $800K | $1.3M | -38.5% | $42.3M | – | – |
| Assets | $16.3B | $15.3B | +6.0% | $15.5B | $15.1B | +2.5% |
| Assets Held-for-sale, Not Part of Disposal Group, Current | – | – | – | $4.46M2024-12-31 | $7.5M | -40.6% |
| Assets, Current | $3.21B | $1.91B | +67.8% | $2.33B | $1.53B | +52.4% |
| Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | – | – | – | $8.11B2023-12-31 | – | – |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | – | – | – | -$130K2024-12-31 | $2.01M | -106.5% |
| Cash Acquired from Acquisition | – | – | – | $381M2023-12-31 | – | – |
| Cash and Cash Equivalents, at Carrying Value | $592M | $535M | +10.7% | $831M | $620M | +34.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.55B | $859M | +80.8% | $1.19B | $678M | +74.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$174M | $229M | -176.0% | $508M | $306M | +65.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $203M | $188M | +8.2% | $368M | -$261M | +240.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $102M | $108M | -5.1% | $209M | $4.76M | +4,291.3% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $305M | $296M | +3.3% | $577M | -$256M | +325.0% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $293M | – | – | $71.3M | $32.3M | +120.7% |
| Contract with Customer, Liability | $639M | $493M | +29.5% | $703M | $471M | +49.4% |
| Contract with Customer, Liability, Current | $484M | $439M | +10.1% | $663M | $417M | +59.1% |
| Contract with Customer, Liability, Revenue Recognized | $144M | $75.9M | +90.3% | $374M | – | – |
| Contract with Customer, Performance Obligation Satisfied in Previous Period | $0 | $0 | – | $0 | $0 | – |
| Contract with Customer, Refund Liability | $16.6M | – | – | $32.7M | $50.5M | -35.2% |
| Contribution of Property | $252K | $481K | -47.6% | $50.9M | $6.93M | +634.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $32.5M | – | – |
| Current Federal, State and Local, Tax Expense (Benefit) | – | – | – | $38.5M2024-12-31 | $5.69M | +576.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $40.5M | $68.2M | -40.6% |
| Current Income Tax Expense (Benefit) | – | – | – | $83.9M | $107M | -21.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $11M | – | – |
| Debt Instrument, Unamortized Discount | $11.2M | $7.86M | +42.1% | $9.76M | $10.2M | -3.9% |
| Deferred Costs, Current | $133M | $141M | -5.6% | $235M | $179M | +31.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$1.05M | – | – |
| Deferred Federal, State and Local, Tax Expense (Benefit) | – | – | – | -$62.4M2024-12-31 | -$7.88M | -692.1% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$3.01M | -$6.98M | +56.9% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$10.1M | -$69.4M | +85.4% |
| Deferred Income Tax Liabilities, Net | $301M | $337M | -10.7% | $302M | $361M | -16.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$6.08M | – | – |
| Deferred Tax Assets, Gross | $113M2025-12-31 | $138M | -17.7% | $113M | $138M | -17.7% |
| Deferred Tax Assets, Net of Valuation Allowance | $68.3M2025-12-31 | $101M | -32.3% | $68.3M | $101M | -32.3% |
| Deferred Tax Assets, Operating Loss Carryforwards | $47.6M2025-12-31 | $50.9M | -6.3% | $47.6M | $50.9M | -6.3% |
| Deferred Tax Assets, Other | $3.69M2025-12-31 | $6.08M | -39.3% | $3.69M | $6.08M | -39.3% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $15.5M2025-12-31 | $30.9M | -49.8% | $15.5M | $30.9M | -49.8% |
| Deferred Tax Assets, Valuation Allowance | $45M2025-12-31 | $36.6M | +22.8% | $45M | $36.6M | +22.8% |
| Deferred Tax Liabilities, Intangible Assets | $291M2025-12-31 | $375M | -22.2% | $291M | $375M | -22.2% |
| Deferred Tax Liabilities, Investments | $10.4M2025-12-31 | $7.76M | +34.4% | $10.4M | $7.76M | +34.4% |
| Deferred Tax Liabilities, Leasing Arrangements | $29.1M2025-12-31 | $34.2M | -15.0% | $29.1M | $34.2M | -15.0% |
| Deferred Tax Liabilities, Net | $366M2025-12-31 | $459M | -20.4% | $366M | $459M | -20.4% |
| Deferred Tax Liabilities, Other | $6.31M2025-12-31 | $0 | – | $6.31M | $0 | – |
| Deferred Tax Liabilities, Property, Plant and Equipment | $28.3M2025-12-31 | $35M | -19.3% | $28.3M | $35M | -19.3% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02