Match Group, Inc.MTCH

Match Group, Inc. Leases Disclosure

10-KFiled Feb 26, 20263 min read
NOTE 12—LEASES
The Company leases office space, data center facilities, and equipment used in connection with its
operations under various operating leases, many of which contain escalation clauses.
ROU assets represent the Company’s right to use the underlying assets for the lease term and lease
liabilities represent the present value of the Company’s obligation to make payments arising from leases. ROU
assets and related lease liabilities are based on the present value of fixed lease payments over the lease term
using the Company’s incremental borrowing rates on the lease commencement date. The Company combines
the lease and non-lease components of lease payments in determining ROU assets and related lease liabilities. If
the lease includes one or more options to extend the term of the lease, the renewal option is considered in the
lease term if it is reasonably certain the Company will exercise the options. Lease expense is recognized on a
straight-line basis over the term of the lease. Leases with an initial term of twelve months or less (“short-term
leases”) are not recorded on the accompanying consolidated balance sheet.
Variable lease payments consist primarily of common area maintenance, utilities, and taxes, which are not
included in the recognition of ROU assets and related lease liabilities. The Company’s lease agreements do not
contain any material residual value guarantees or material restrictive covenants.
Leases
Balance Sheet Classification
December 31, 2025
December 31, 2024
(In thousands)
Assets:
Right-of-use assets
Other non-current assets
$101,932
$86,417
Liabilities:
Current lease liabilities
Accrued expenses and other current
liabilities
$16,644
$19,213
Long-term lease liabilities
Other long-term liabilities
101,668
84,583
Total lease liabilities
$118,312
$103,796
Lease Cost
Income Statement Classification
Year Ended
December 31, 2025
Year Ended
December 31, 2024
(In thousands)
Fixed lease cost
Cost of revenue
$2,004
$1,875
Fixed lease cost
General and administrative expense
21,399
22,032
Total fixed lease cost(a)
23,403
23,907
Variable lease cost
Cost of revenue
637
441
Variable lease cost
General and administrative expense
2,952
3,368
Total variable lease cost
3,589
3,809
Net lease cost
$26,992
$27,716
______________________
(a)Includes approximately $0.5 million and $0.6 million of short-term lease cost for the years ended
December 31, 2025 and December 31, 2024, respectively.
Maturities of lease liabilities as of December 31, 2025(a):
(In thousands)
2026
$24,452
2027
20,067
2028
19,862
2029
20,242
2030
16,911
After 2030
42,475
Total
144,009
Less: Interest
(21,842)
Less: Tenant improvement receivables
(3,855)
Present value of lease liabilities
$118,312
______________________
(a)Operating lease payments exclude $29.3 million of legally binding minimum lease payments for leases
signed but not yet commenced.
The following are the weighted average assumptions used for lease term and discount rate:
December 31, 2025
December 31, 2024
Remaining lease term
7.1 years
7.2 years
Discount rate
4.39%
3.86%
Year Ended
December 31, 2025
Year Ended
December 31, 2024
(In thousands)
Other information:
Right-of-use assets obtained in exchange for lease liabilities
$33,362
$11,420
Cash paid for amounts included in the measurement of lease liabilities
$24,741
$26,082

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Feb 27, 2025
2023Feb 23, 2024
2022Feb 24, 2023
2021Feb 24, 2022
2020Feb 25, 2021
2019Feb 28, 2020

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

Income TaxesRevenueEarnings Per ShareFair ValuePP&EGoodwill & IntangiblesSegmentsDebtCommitmentsStock CompensationNew Standards