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Churchill Downs CHDN Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$663.0MBeat by $1.8M
EPS$1.21Beat by $0.15
Revenue estimate$661.2M
EPS estimate$1.06

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$703.3M
EPS estimate$1.22

Financials

Q1 2026

Income statement

See full
Revenue$663.0M+3.2%
Operating income$143.0M+6.2%
Net income$83.0M+8.2%
EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.3%
Total debt$1.8B+2.6%
Total equity$1.1B+2.3%
Total assets$7.5B+1.9%

Cash flow

See full
Operating cash flow$295.0M+19.7%
CapEx$19.0M+50.8%
Free cash flow$276.0M+18.0%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$6.26B-23.3%
Enterprise value$7.82B-19.3%
P/E16.1×-3.2×
P/S2.1×-0.8×

Profitability

See full
Operating margin23.5%-2.3pp
Net margin13.2%-2.0pp
FCF margin25.2%+0.8pp

Returns & leverage

See full
Return on equity35.9%-8.7pp
Debt / equity1.7×0.0×
Current ratio0.5×0.0×

Segments

By product

See full
Gaming$257.0M-2.4%
Pari-mutuel, historical racing$257.0M+4.4%
Pari-mutuel, live and simulcast racing$102.0M0.0%
Racing event-related services$2.0M-4.8%

By segment

See full
Gaming$262.0M-1.9%

Versus estimates

Revenue

Q2 2026$980.0MBeat by $2.6M
Q1 2026$663.0MBeat by $1.8M
Q4 2025$665.9MBeat by $5.8MQ3 2025$683.0MBeat by $26.7MQ2 2025$934.4MBeat by $266.7MQ1 2025$642.6MIn line

Diluted EPS

Q2 2026$3.45In line
Q1 2026$1.21Beat by $0.15
Q4 2025$0.97Beat by $0.12Q3 2025$1.09Beat by $0.12Q2 2025$3.10Beat by $0.07Q1 2025$1.07Beat by $0.03

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Questions, answered.

When did Churchill Downs report Q1 2026 earnings?
Churchill Downs (CHDN) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Churchill Downs's Q1 2026 revenue and EPS?
Churchill Downs reported revenue of $663.0M and eps of $1.21 for Q1 2026.
Did Churchill Downs beat estimates in Q1 2026?
Revenue beat the consensus estimate of $661.2M by $1.8M. EPS beat the consensus estimate of $1.06 by $0.15.
How did Churchill Downs's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.2% from $642.6M a year earlier and eps grew 13.1% from $1.07.
Where can I find Churchill Downs's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000020212-26-000033) and the 10-Q periodic report (0000020212-26-000043) directly on SEC EDGAR. The filing index links above go to sec.gov.