LendingTree, Inc. (TREE) Income Statement
TREE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTREE revenue and net income
Where TREE's revenue goes
2025Each bar shows an amount and its share of revenue. TREE kept 13.5% of revenue as net income.
TREE profit margins
TREE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +24.1% | +4.3% | +4.2% | +16.0% |
| Gross profit | +21.9% | +4.3% | +4.2% | +15.7% |
| Operating income | +84.0% | — | — | +11.2% |
| Net income | — | — | — | +12.2% |
| EPS (diluted) | +7.2% | +47.9% | +17.5% | −2.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TREE quarterly EPS vs estimates
LendingTree beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.85).
TREE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | $900.2M | $672.5M | $985.0M | $1.10B | $910.0M | $1.11B | $764.9M | $617.7M | $384.4M |
| Cost of revenue | $64.2M | $36.1M | $38.8M | $57.8M | $57.3M | $54.5M | $68.4M | $36.4M | $17.2M | $13.8M |
| Gross profit | $1.05B | $864.1M | $633.7M | $927.2M | $1.04B | $855.5M | $1.04B | $728.5M | $600.5M | $370.6M |
| Research & development | $45.3M | $46.4M | $47.2M | $55.6M | $52.9M | $43.6M | $40.0M | $27.0M | $17.9M | $13.8M |
| Sales, general & admin | $925.8M | $744.7M | $551.3M | $854.6M | $927.5M | $746.5M | $852.0M | $601.5M | $504.3M | $298.3M |
| Total operating expenses | $971.0M | $819.5M | $674.4M | $960.0M | $1.03B | $862.1M | $987.5M | $672.3M | $567.4M | $318.5M |
| Operating income | $82.1M | $44.6M | −$40.6M | −$32.8M | $8.0M | −$6.6M | $50.7M | $56.2M | $33.1M | $52.1M |
| Interest income | — | — | — | — | — | — | $20.3M | $12.4M | $7.0M | $561,000 |
| Interest expense | $46.8M | $27.8M | $21.7M | $26.0M | $46.9M | $36.3M | $20.3M | $12.4M | $7.0M | $561,000 |
| Income before taxes | $21.0M | −$37.4M | −$124.9M | −$54.9M | $84.4M | −$42.5M | $31.0M | $43.7M | $25.7M | $51.6M |
| Income taxes | −$130.3M | $4.3M | −$2.5M | $133.0M | $11.3M | −$20.0M | −$8.5M | −$65.6M | $6.3M | $20.4M |
| Net income | $151.3M | −$41.7M | −$122.4M | −$188.0M | $69.1M | −$48.3M | $17.8M | $96.5M | $15.6M | $27.5M |
| EBITDA | $103.8M | $73.1M | $35.3M | $17.0M | $60.9M | $61.1M | $117.5M | $87.7M | $54.3M | $58.3M |
| EPS (diluted) | $3.43 | $3.20 | $2.28 | $1.06 | $1.55 | $1.53 | $5.65 | $5.71 | $3.76 | $3.35 |
| Gross margin | 94.3% | 96.0% | 94.2% | 94.1% | 94.8% | 94.0% | 93.8% | 95.2% | 97.2% | 96.4% |
| Operating margin | 7.3% | 5.0% | −6.0% | −3.3% | 0.7% | −0.7% | 4.6% | 7.3% | 5.4% | 13.6% |
| Net margin | 13.5% | −4.6% | −18.2% | −19.1% | 6.3% | −5.3% | 1.6% | 12.6% | 2.5% | 7.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $313.4M | $327.3M | $319.7M | $307.8M | $250.1M | $239.7M | $261.5M | $260.8M | $210.1M | $167.8M | $134.4M | $155.2M |
| Cost of revenue | $11.3M | $11.7M | $11.6M | $11.0M | $10.0M | $9.9M | $9.7M | $9.4M | $8.4M | $8.5M | $8.1M | $7.6M |
| Gross profit | $302.2M | $315.6M | $308.1M | $296.8M | $240.1M | $229.8M | $251.8M | $251.4M | $201.7M | $159.2M | $126.2M | $147.6M |
| Research & development | $10.0M | $11.5M | $10.6M | $11.3M | $11.5M | $11.9M | $12.9M | $11.2M | $10.4M | $11.9M | $11.1M | $10.8M |
| Sales, general & admin | $262.2M | $266.6M | $269.3M | $251.3M | $201.8M | $203.4M | $215.0M | $220.2M | $175.5M | $134.0M | $108.6M | $123.6M |
| Total operating expenses | $279.5M | $284.5M | $285.1M | $268.0M | $219.2M | $236.9M | $233.8M | $241.5M | $192.1M | $152.0M | $126.4M | $181.6M |
| Operating income | $22.6M | $31.1M | $23.0M | $28.8M | $20.9M | −$7.1M | $17.9M | $9.9M | $9.6M | $7.2M | −$221,000 | −$34.0M |
| Interest expense | $8.5M | $8.6M | $9.4M | $17.9M | $10.4M | $9.1M | $9.9M | $10.1M | $1.2M | $6.6M | $10.7M | $7.1M |
| Income before taxes | $15.0M | $22.9M | $13.5M | $11.6M | $10.8M | −$14.8M | $9.1M | −$57.5M | $9.4M | $1.6M | $13.1M | −$152.0M |
| Income taxes | $5.4M | $5.7M | −$131.2M | $1.4M | $1.9M | −$2.4M | $1.6M | $447,000 | $1.7M | $559,000 | $397,000 | −$3.5M |
| Net income | $9.6M | $17.3M | $144.7M | $10.2M | $8.9M | −$12.4M | $7.5M | −$58.0M | $7.8M | $1.0M | $12.7M | −$148.5M |
| EBITDA | $29.0M | $37.5M | $42.4M | $34.8M | $26.8M | $14.5M | $23.9M | $20.0M | $15.8M | $13.4M | $6.5M | $13.2M |
| EPS (diluted) | $0.90 | $1.53 | −$0.39 | $1.70 | $1.13 | $0.99 | $1.16 | $0.80 | $0.54 | $0.70 | $0.28 | $0.61 |
| Gross margin | 96.4% | 96.4% | 96.4% | 96.4% | 96.0% | 95.9% | 96.3% | 96.4% | 96.0% | 94.9% | 94.0% | 95.1% |
| Operating margin | 7.2% | 9.5% | 7.2% | 9.3% | 8.4% | −3.0% | 6.9% | 3.8% | 4.6% | 4.3% | −0.2% | −21.9% |
| Net margin | 3.1% | 5.3% | 45.2% | 3.3% | 3.5% | −5.2% | 2.9% | −22.2% | 3.7% | 0.6% | 9.5% | −95.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TREE's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TREE financial results
In fiscal year 2025 (ended December 31, 2025), LendingTree reported revenue of $1.1 billion, up 24.1% from the year before. It had net income of $151.3 million, a net profit margin of 13.5%. Diluted earnings per share came to $3.43. Over five years revenue grew at an average rate of 4.2% a year.
See the TREE stock overview for the latest quote and news, or the TREE chart for price history and technical indicators.
TREE income statement FAQ
What is LendingTree's annual revenue?
LendingTree reported total revenue of $1.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 24.1% from $900.2 million the previous year.
Is LendingTree profitable?
Yes. LendingTree reported net income of $151.3 million in fiscal 2025, a net profit margin of 13.5%; its operating margin was 7.3%.
What is LendingTree's gross margin?
LendingTree's gross margin was 94.3% in fiscal 2025: for every $100 of revenue, LendingTree kept $94 after the direct cost of its products and services.
How much does LendingTree spend on research and development?
LendingTree spent $45.3 million on research and development in fiscal 2025, 4.0% of revenue.
How fast is LendingTree growing?
Revenue grew 4.2% a year on average over the last five fiscal years, from $910.0 million to $1.1 billion.
What are LendingTree's earnings per share?
LendingTree earned $3.43 per diluted share in fiscal 2025, compared with $3.20 a year earlier.
When will LendingTree report its next earnings?
LendingTree is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does LendingTree's fiscal year end?
LendingTree's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.