Match Group, Inc.
MTCH · Services-Computer Programming, Data Processing, Etc. · 233.3M shares · +10%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $314M (gross $546M, SBC $232M)
Reference price $35.94 · est. market cap ~$8.4B — last insider sale, 2026-05-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70Dating-app portfolio with high margins and strong free cash flow, but flat revenue and buyback-driven negative equity.
Strengths
- Strong margins and FCF — operating margin 25.0% (76th), FCF $1.02B (76th), FCF margin 29.4%
- Durable brands (Tinder, Hinge) — qualitative (per 10-K)
- Adequate liquidity — current ratio 1.42 (39th)
Risks
- Flat revenue — +0.2% (18th) — Tinder weakness offsetting Hinge growth
- Negative equity — D/E -14.00 from sustained buybacks
- Engagement/competition and app-store-fee risk — qualitative (per 10-K)
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Chronic dilutionShare count +10%/yr over 4y (dilution)
- Negative equityNegative book equity (debt/equity -14.00)
- Customer concentration~55% of revenue from one customer/distributor — Impairments and amortization of intangibles Years Ended December 31, 2025 $ Change % Change 2024 $ Change % Change 2023 (Dollars in thousands) Impairments and amortizat
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $1.0B cash & investments
- Insider sellingInsider selling — 2 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$2M, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, RENAISSANCE TECHNOLOGIES LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
72.8%
Operating margin
25.0%
Net margin
17.6%
Return on equity
-242.0%
Return on assets
13.8%
ROIC
20.9%
Revenue growth (QoQ)
-1.6%
Net-income growth
11.3%
Debt / equity
-14.0×
Current ratio
1.4×
Free cash flow
$1.0B
Tangible book value
-$2.8B
Cash & investments
$1.0B
Stock comp / revenue
7.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | Seymon Pamela | Option exercise | 194 | — |
| 2026-06-16 | Schiffman Glenn | Option exercise | 8.2K | — |
| 2026-06-16 | Schiffman Glenn | Option exercise | 194 | — |
| 2026-06-16 | MCINERNEY THOMAS | Option exercise | 8.2K | — |
| 2026-06-16 | Seymon Pamela | Option exercise | 8.2K | — |
| 2026-06-16 | MCINERNEY THOMAS | Option exercise | 194 | — |
| 2026-06-16 | MCDANIEL ANN | Option exercise | 8.2K | — |
| 2026-06-16 | MCDANIEL ANN | Option exercise | 194 | — |
| 2026-06-16 | Campbell Kotzman Kelly | Option exercise | 8.2K | — |
| 2026-06-16 | Campbell Kotzman Kelly | Option exercise | 194 | — |
| 2026-06-16 | Jones Laura Rachel | Option exercise | 8.2K | — |
| 2026-06-16 | Jones Laura Rachel | Option exercise | 194 | — |
| 2026-06-16 | Dubey Sharmistha | Option exercise | 8.2K | — |
| 2026-06-16 | Dubey Sharmistha | Option exercise | 194 | — |
| 2026-06-16 | CAVENS DARRELL | Option exercise | 8.2K | — |
| 2026-06-16 | CAVENS DARRELL | Option exercise | 194 | — |
| 2026-06-16 | Brenner Melissa Anne | Option exercise | 8.2K | — |
| 2026-06-16 | Brenner Melissa Anne | Option exercise | 194 | — |
| 2026-06-16 | Bailey Stephen | Option exercise | 8.2K | — |
| 2026-06-16 | Bailey Stephen | Option exercise | 194 | — |
| 2026-06-01 | Rascoff Spencer M | Option exercise | 71 | — |
| 2026-06-01 | Rascoff Spencer M | Option exercise | 18K | — |
| 2026-06-01 | Rascoff Spencer M | Option exercise | 540 | — |
| 2026-06-01 | Rascoff Spencer M | Tax withheld | 9.4K | $36.13 |
| 2026-06-01 | Rascoff Spencer M | Option exercise | 13K | — |
| 2026-06-01 | Rascoff Spencer M | Tax withheld | 6.6K | $36.13 |
| 2026-06-01 | Hosseini Hesam | Option exercise | 8.9K | — |
| 2026-06-01 | Hosseini Hesam | Option exercise | 267 | — |
| 2026-06-01 | Hosseini Hesam | Tax withheld | 3.6K | $36.13 |
| 2026-06-01 | Eigenmann Philip D | Option exercise | 1.2K | — |
| 2026-06-01 | Eigenmann Philip D | Option exercise | 44 | — |
| 2026-06-01 | Eigenmann Philip D | Tax withheld | 438 | $36.13 |
| 2026-06-01 | Eigenmann Philip D | Option exercise | 1.8K | — |
| 2026-06-01 | Eigenmann Philip D | Option exercise | 55 | — |
| 2026-06-01 | Eigenmann Philip D | Tax withheld | 653 | $36.13 |
| 2026-06-01 | Eigenmann Philip D | Option exercise | 2.0K | — |
| 2026-06-01 | Eigenmann Philip D | Option exercise | 11 | — |
| 2026-06-01 | Eigenmann Philip D | Tax withheld | 694 | $36.13 |
| 2026-06-01 | Edgett Sean | Option exercise | 1.8K | — |
| 2026-06-01 | Edgett Sean | Option exercise | 55 | — |
| 2026-06-01 | Edgett Sean | Tax withheld | 967 | $36.13 |
| 2026-06-01 | Edgett Sean | Option exercise | 8.4K | — |
| 2026-06-01 | Edgett Sean | Option exercise | 46 | — |
| 2026-06-01 | Edgett Sean | Tax withheld | 4.3K | $36.13 |
| 2026-06-01 | Bailey Steven Richard Jr. | Option exercise | 1.8K | — |
| 2026-06-01 | Bailey Steven Richard Jr. | Option exercise | 66 | — |
| 2026-06-01 | Bailey Steven Richard Jr. | Tax withheld | 731 | $36.13 |
| 2026-06-01 | Bailey Steven Richard Jr. | Option exercise | 4.6K | — |
| 2026-06-01 | Bailey Steven Richard Jr. | Option exercise | 139 | — |
| 2026-06-01 | Bailey Steven Richard Jr. | Tax withheld | 1.9K | $36.13 |
| 2026-06-01 | Bailey Steven Richard Jr. | Option exercise | 6.7K | — |
| 2026-06-01 | Bailey Steven Richard Jr. | Option exercise | 37 | — |
| 2026-06-01 | Bailey Steven Richard Jr. | Tax withheld | 2.6K | $36.13 |
| 2026-05-08 | Brenner Melissa Anne | Sell | 5.1K | $35.94 |
| 2026-04-21 | Jones Laura Rachel | Grant | 18 | $35.93 |
| 2026-04-21 | CAVENS DARRELL | Grant | 11 | $35.93 |
| 2026-04-21 | Schiffman Glenn | Grant | 36 | $35.93 |
| 2026-03-31 | Jones Laura Rachel | Grant | 448 | $30.71 |
| 2026-03-31 | CAVENS DARRELL | Grant | 651 | $30.71 |
| 2026-03-31 | Schiffman Glenn | Grant | 488 | $30.71 |
| 2026-03-06 | Hosseini Hesam | Sell | 59K | $30.13 |
| 2026-03-01 | Hosseini Hesam | Tax withheld | 10K | $31.60 |
| 2026-03-01 | Hosseini Hesam | Option exercise | 35K | — |
| 2026-03-01 | Bailey Steven Richard Jr. | Tax withheld | 541 | $31.60 |
| 2026-03-01 | Rascoff Spencer M | Option exercise | 71K | — |
| 2026-03-01 | Rascoff Spencer M | Option exercise | 1.8K | — |
| 2026-03-01 | Rascoff Spencer M | Tax withheld | 35K | $31.60 |
| 2026-03-01 | Hosseini Hesam | Option exercise | 27K | — |
| 2026-03-01 | Hosseini Hesam | Tax withheld | 11K | $31.60 |
| 2026-03-01 | Hosseini Hesam | Option exercise | 25K | — |
| 2026-03-01 | Hosseini Hesam | Option exercise | 768 | — |
| 2026-03-01 | Bailey Steven Richard Jr. | Option exercise | 1.8K | — |
| 2026-03-01 | Bailey Steven Richard Jr. | Option exercise | 54 | — |
| 2026-03-01 | Bailey Steven Richard Jr. | Tax withheld | 727 | $31.60 |
| 2026-03-01 | Bailey Steven Richard Jr. | Option exercise | 18K | — |
| 2026-03-01 | Bailey Steven Richard Jr. | Option exercise | 452 | — |
| 2026-03-01 | Bailey Steven Richard Jr. | Tax withheld | 7.6K | $31.60 |
| 2026-03-01 | Hosseini Hesam | Option exercise | 871 | — |
| 2026-03-01 | Hosseini Hesam | Tax withheld | 9.7K | $31.60 |
| 2026-03-01 | Eigenmann Philip D | Option exercise | 987 | — |
| 2026-03-01 | Eigenmann Philip D | Tax withheld | 340 | $31.60 |
| 2026-03-01 | Eigenmann Philip D | Option exercise | 1.2K | — |
| 2026-03-01 | Eigenmann Philip D | Option exercise | 36 | — |
| 2026-03-01 | Eigenmann Philip D | Tax withheld | 436 | $31.60 |
| 2026-03-01 | Eigenmann Philip D | Option exercise | 7.4K | — |
| 2026-03-01 | Eigenmann Philip D | Option exercise | 180 | — |
| 2026-03-01 | Eigenmann Philip D | Tax withheld | 2.8K | $31.60 |
| 2026-03-01 | Edgett Sean | Option exercise | 7.4K | — |
| 2026-03-01 | Edgett Sean | Option exercise | 180 | — |
| 2026-03-01 | Edgett Sean | Tax withheld | 4.0K | $31.60 |
| 2026-03-01 | Bailey Steven Richard Jr. | Option exercise | 384 | — |
| 2026-03-01 | Bailey Steven Richard Jr. | Tax withheld | 152 | $31.60 |
| 2026-03-01 | Bailey Steven Richard Jr. | Option exercise | 1.4K | — |
| 2026-01-21 | Jones Laura Rachel | Grant | 17 | $31.02 |
| 2026-01-21 | CAVENS DARRELL | Grant | 8 | $31.02 |
| 2026-01-21 | Schiffman Glenn | Grant | 37 | $31.02 |
| 2025-12-31 | Schiffman Glenn | Grant | 465 | $32.29 |
| 2025-12-31 | Jones Laura Rachel | Grant | 426 | $32.29 |
| 2025-12-31 | CAVENS DARRELL | Grant | 619 | $32.29 |
| 2025-12-01 | Bailey Steven Richard Jr. | Option exercise | 383 | — |
| 2025-12-01 | Eigenmann Philip D | Option exercise | 987 | — |
| 2025-12-01 | Eigenmann Philip D | Tax withheld | 340 | $33.31 |
| 2025-12-01 | Eigenmann Philip D | Option exercise | 1.2K | — |
| 2025-12-01 | Eigenmann Philip D | Option exercise | 29 | — |
| 2025-12-01 | Eigenmann Philip D | Tax withheld | 434 | $33.31 |
| 2025-12-01 | Bailey Steven Richard Jr. | Tax withheld | 151 | $33.31 |
| 2025-12-01 | Bailey Steven Richard Jr. | Option exercise | 1.4K | — |
| 2025-12-01 | Bailey Steven Richard Jr. | Tax withheld | 541 | $33.31 |
| 2025-12-01 | Bailey Steven Richard Jr. | Option exercise | 1.8K | — |
| 2025-12-01 | Bailey Steven Richard Jr. | Option exercise | 43 | — |
| 2025-12-01 | Bailey Steven Richard Jr. | Tax withheld | 722 | $33.31 |
| 2025-11-20 | Rascoff Spencer M | Buy | 14K | $31.84 |
| 2025-10-17 | CAVENS DARRELL | Grant | 4 | $32.43 |
| 2025-10-17 | Jones Laura Rachel | Grant | 14 | $32.43 |
| 2025-10-17 | Schiffman Glenn | Grant | 32 | $32.43 |
| 2025-10-01 | Edgett Sean | Option exercise | 23K | — |
| 2025-10-01 | Edgett Sean | Tax withheld | 8.3K | $35.32 |
| 2025-10-01 | Edgett Sean | Option exercise | 416 | — |
| 2025-09-30 | Schiffman Glenn | Grant | 425 | $35.32 |
| 2025-09-30 | CAVENS DARRELL | Grant | 566 | $35.32 |
| 2025-09-30 | Jones Laura Rachel | Grant | 389 | $35.32 |
| 2025-09-03 | Eigenmann Philip D | Option exercise | 11K | $16.48 |
| 2025-09-03 | Eigenmann Philip D | Tax withheld | 7.0K | $37.56 |
| 2025-09-03 | Eigenmann Philip D | Option exercise | 11K | $24.77 |
| 2025-09-03 | Eigenmann Philip D | Sell | 6.5K | $37.52 |
| 2025-09-03 | Eigenmann Philip D | Tax withheld | 8.4K | $37.56 |
| 2025-09-01 | Eigenmann Philip D | Option exercise | 1.2K | — |
| 2025-09-01 | Eigenmann Philip D | Option exercise | 987 | — |
| 2025-09-01 | Eigenmann Philip D | Tax withheld | 340 | $37.34 |
| 2025-09-01 | Eigenmann Philip D | Option exercise | 22 | — |
| 2025-09-01 | Eigenmann Philip D | Tax withheld | 431 | $37.34 |
| 2025-09-01 | Bailey Steven Richard Jr. | Option exercise | 384 | — |
| 2025-09-01 | Bailey Steven Richard Jr. | Tax withheld | 152 | $37.34 |
| 2025-09-01 | Bailey Steven Richard Jr. | Option exercise | 1.4K | — |
| 2025-09-01 | Bailey Steven Richard Jr. | Tax withheld | 541 | $37.34 |
| 2025-09-01 | Bailey Steven Richard Jr. | Option exercise | 1.8K | — |
| 2025-09-01 | Bailey Steven Richard Jr. | Option exercise | 33 | — |
| 2025-09-01 | Bailey Steven Richard Jr. | Tax withheld | 718 | $37.34 |
| 2025-08-27 | MCDANIEL ANN | Sell | 5.4K | $37.58 |
| 2025-08-26 | Rascoff Spencer M | Buy | 13K | $37.57 |
| 2025-08-07 | Bailey Stephen | Sell | 12K | $36.72 |
| 2025-07-18 | Schiffman Glenn | Grant | 30 | $32.45 |
| 2025-07-18 | Jones Laura Rachel | Grant | 12 | $32.45 |
| 2025-06-30 | Schiffman Glenn | Grant | 486 | $30.89 |
| 2025-06-30 | Jones Laura Rachel | Grant | 445 | $30.89 |
| 2025-06-30 | CAVENS DARRELL | Grant | 50 | $30.89 |
| 2025-06-18 | Seymon Pamela | Option exercise | 99 | — |
| 2025-06-18 | SPOON ALAN G | Option exercise | 8.1K | — |
| 2025-06-18 | SPOON ALAN G | Option exercise | 99 | — |
| 2025-06-18 | Seymon Pamela | Option exercise | 8.1K | — |
| 2025-06-18 | Schiffman Glenn | Option exercise | 8.1K | — |
| 2025-06-18 | Schiffman Glenn | Option exercise | 99 | — |
| 2025-06-18 | MCINERNEY THOMAS | Option exercise | 8.1K | — |
| 2025-06-18 | MCINERNEY THOMAS | Option exercise | 99 | — |
| 2025-06-18 | MCDANIEL ANN | Option exercise | 8.1K | — |
| 2025-06-18 | MCDANIEL ANN | Option exercise | 99 | — |
| 2025-06-18 | Dubey Sharmistha | Option exercise | 8.1K | — |
| 2025-06-18 | Dubey Sharmistha | Option exercise | 99 | — |
| 2025-06-18 | Brenner Melissa Anne | Option exercise | 8.1K | — |
| 2025-06-18 | Brenner Melissa Anne | Option exercise | 99 | — |
| 2025-06-18 | Bailey Stephen | Option exercise | 8.1K | — |
| 2025-06-18 | Bailey Stephen | Option exercise | 99 | — |
| 2025-06-01 | Eigenmann Philip D | Tax withheld | 339 | $29.94 |
| 2025-06-01 | Eigenmann Philip D | Option exercise | 1.2K | — |
| 2025-06-01 | Eigenmann Philip D | Option exercise | 15 | — |
| 2025-06-01 | Eigenmann Philip D | Tax withheld | 429 | $29.94 |
| 2025-06-01 | Bailey Steven Richard Jr. | Option exercise | 384 | — |
| 2025-06-01 | Bailey Steven Richard Jr. | Tax withheld | 144 | $29.94 |
| 2025-06-01 | Eigenmann Philip D | Option exercise | 986 | — |
| 2025-06-01 | Bailey Steven Richard Jr. | Option exercise | 1.4K | — |
| 2025-06-01 | Bailey Steven Richard Jr. | Tax withheld | 513 | $29.94 |
| 2025-06-01 | Bailey Steven Richard Jr. | Option exercise | 1.8K | — |
| 2025-06-01 | Bailey Steven Richard Jr. | Option exercise | 21 | — |
| 2025-06-01 | Bailey Steven Richard Jr. | Tax withheld | 677 | $29.94 |
| 2025-05-09 | Rascoff Spencer M | Buy | 53K | $27.89 |
| 2025-05-09 | Rascoff Spencer M | Buy | 17K | $28.54 |
| 2025-04-17 | Schiffman Glenn | Grant | 30 | $29.02 |
| 2025-04-17 | Jones Laura Rachel | Grant | 10 | $29.02 |
| 2025-03-31 | Schiffman Glenn | Grant | 481 | $31.20 |
| 2025-03-31 | Jones Laura Rachel | Grant | 413 | $31.20 |
| 2025-03-24 | Rascoff Spencer M | Option exercise | 7.0K | — |
| 2025-03-24 | Rascoff Spencer M | Option exercise | 40 | — |
| 2025-03-24 | Jones Laura Rachel | Option exercise | 7.0K | — |
| 2025-03-24 | Jones Laura Rachel | Option exercise | 40 | — |
| 2025-03-07 | Swidler Gary | Sell | 26K | $33.40 |
| 2025-03-07 | Swidler Gary | Sell | 216K | $32.80 |
| 2025-03-01 | Eigenmann Philip D | Tax withheld | 340 | $31.71 |
| 2025-03-01 | Swidler Gary | Option exercise | 38K | — |
| 2025-03-01 | Swidler Gary | Tax withheld | 21K | $31.71 |
| 2025-03-01 | Swidler Gary | Option exercise | 22K | — |
| 2025-03-01 | Swidler Gary | Option exercise | 125 | — |
| 2025-03-01 | Swidler Gary | Tax withheld | 12K | $31.71 |
| 2025-03-01 | Eigenmann Philip D | Option exercise | 987 | — |
| 2025-03-01 | Eigenmann Philip D | Option exercise | 4.9K | — |
| 2025-03-01 | Eigenmann Philip D | Option exercise | 28 | — |
| 2025-03-01 | Eigenmann Philip D | Tax withheld | 1.8K | $31.71 |
| 2025-03-01 | Bailey Steven Richard Jr. | Option exercise | 383 | — |
| 2025-03-01 | Bailey Steven Richard Jr. | Tax withheld | 144 | $31.71 |
| 2025-03-01 | Bailey Steven Richard Jr. | Option exercise | 1.4K | — |
| 2025-03-01 | Bailey Steven Richard Jr. | Tax withheld | 513 | $31.71 |
| 2025-03-01 | Bailey Steven Richard Jr. | Option exercise | 7.2K | — |
| 2025-03-01 | Bailey Steven Richard Jr. | Option exercise | 41 | — |
| 2025-03-01 | Bailey Steven Richard Jr. | Tax withheld | 2.8K | $31.71 |
| 2025-02-19 | Eigenmann Philip D | Option exercise | 537 | — |
| 2025-02-19 | Eigenmann Philip D | Tax withheld | 213 | $35.23 |
| 2025-02-06 | Rascoff Spencer M | Buy | 60K | $34.41 |
| 2025-02-06 | Schiffman Glenn | Buy | 3.0K | $34.47 |
| 2025-01-21 | Schiffman Glenn | Grant | 23 | $32.74 |
| 2025-01-21 | Jones Laura Rachel | Grant | 7 | $32.74 |
| 2024-12-31 | Jones Laura Rachel | Grant | 382 | $32.71 |
| 2024-12-31 | Schiffman Glenn | Grant | 459 | $32.71 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-05 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-04-30 | Exec/director change | filing ↗ |
| 2026-03-05 | Exec/director change | filing ↗ |
| 2026-02-17 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-02-03 | ResultsReg FDOtherExhibits | filing ↗ |
| 2025-11-04 | ResultsReg FDOtherExhibits | filing ↗ |
| 2025-08-20 | Material agreementDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-16 | 0000891103-26-000095 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0000891103-26-000073 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0000891103-26-000072 ↗ |
| 8-K | 2026-04-30 | 2026-04-29 | 0000891103-26-000069 ↗ |
| 8-K | 2026-03-05 | 2026-03-04 | 0000891103-26-000032 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0000891103-26-000025 ↗ |
| 8-K | 2026-02-17 | 2026-02-13 | 0000891103-26-000022 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0000891103-26-000020 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0000891103-25-000180 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0000891103-25-000179 ↗ |
| 8-K | 2025-08-20 | 2025-08-20 | 0001104659-25-080938 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0000891103-25-000127 ↗ |