Tabcorp FY26 Results: Revenue Flat at $2.64bn, EBITDA Up 10.3%

By Ethan Clarke, Regulation and Responsible Gambling Editor
Published 27 August 2026

Tabcorp Holdings, the owner of the TAB brand, reported its results for the year to 30 June 2026 (FY26) on 26 August 2026. Revenue was almost unchanged, but profit rose sharply as cost reductions flowed through.

The headline numbers

• **Group revenue:** $2,636.3 million, up 0.8%.
• **Wagering and Media revenue:** $2,454.7 million, up 0.7%.
• **Group EBITDA:** $431.7 million, up 10.3%, with the EBITDA margin up 140 basis points to 16.4%.
• **Wagering and Media EBITDA:** $361.8 million, up 9.9%.
• **Net profit after tax before significant items:** $71.1 million, up 43.6%.
• **Statutory net profit after tax:** $46.3 million, up 26.5%.

Where the revenue came from

Domestic wagering revenue rose 0.9%, in line with domestic turnover, which also grew 0.9%. Within that, sport turnover increased 8.3%, and turnover in the digital-in-venue channel, which covers digital betting by customers inside TAB pubs and clubs, rose 9.1%.

International wagering revenue fell 3.7%, mainly because of weaker trading in Hong Kong in the second half. Media revenue rose 1.9% to $377.8 million, driven by international sales.

Strategy under Gillon McLachlan

CEO Gillon McLachlan, who took over in August 2024, said the first two stages of Tabcorp’s transformation were complete and the company was moving into a growth phase. He pointed to a new commercial model for retail venues, the TAB LIVE rollout, new betting terminals in venues, renewed media rights agreements and the launch of a national tote.

Two weeks before the results, Tabcorp agreed to buy wagering technology supplier BetMakers in a deal valuing its equity at about $283 million; our BetMakers deal report has the terms. The national tote still needed final approval from state gambling regulators at the time of the results; Tabcorp said it would launch soon.

Outlook for FY27

Tabcorp expects domestic wagering turnover growth in FY27 to be broadly in line with FY26, excluding the effect of the FIFA World Cup. It expects operating expenses to rise with inflation, estimated at 3% to 3.5%, alongside continued spending on growth, regulatory and risk programs. Casino.org reported that capital expenditure will rise as Tabcorp invests in new terminals and that the federal wagering advertising restrictions starting in January 2027 are already factored into the outlook.

Regulatory backdrop

The year was not free of regulatory pressure. In May 2026 Tabcorp disclosed that AUSTRAC had opened an enforcement investigation into its anti-money laundering and counter-terrorism financing compliance, and its shares fell more than 20% that day. AUSTRAC said the matter was at an early stage and that all outcomes, including no further action, remained open. In July the ACMA announced that Tabcorp had paid more than $2.7 million for spam and telemarketing breaches; see our report on the ACMA penalty.

Tabcorp also faces the advertising changes set out in the wagering reform bill, which limit TV wagering ads and ban inducements in the 14 days after a new sign-up from 2027.

Why it matters for punters

Flat turnover and rising margins suggest Tabcorp is earning more from each dollar wagered through cost control rather than volume. For racing punters, the main changes are product-side: the merged national tote and new venue terminals. Our gambling statistics page puts wagering in the context of total Australian gambling losses.

Sources

• Tabcorp: FY26 results announcement, ASX (26 August 2026)
• Focus Gaming News: Tabcorp posts 10.3% EBITDA growth in FY26 (26 August 2026)
• Casino.org: Tabcorp revenue hits AU$2.64B as BetMakers deal moves into focus (26 August 2026)
• The Motley Fool Australia: Tabcorp faces AUSTRAC compliance probe (7 May 2026)

Header photo: Barangaroo at sunset, One Sydney Harbour Tower 1 and 2 under construction by Mary and Andrew, licensed CC BY 4.0.