Skip to content
Screener

Churchill Downs CHDN Gaming — Operating expense

Similar metrics at other companies

Driven Brands Holdings Inc. logo
DRVNAdvertising — Operating expense
$30.1M+11.3%
Hilton Grand Vacations logo
HGVMarketing expense — Expenses
$239M+3.9%
Hilton Grand Vacations logo
HGVRental expense — Expenses
$204M+4.6%
Hilton Grand Vacations logo
HGVSelling expense — Expenses
$181M-7.2%
Hilton Grand Vacations logo
HGVClub expense — Expenses
$22M+10.0%
Trimble Inc. logo
TRMBAECO — Operating expense
$205.3M+11.0%

Other financials

Income statement

See full
Revenue$980.0M+4.9%
Operating income$357.0M+8.9%
Net income$241.0M+11.1%
EPS (diluted)$3.42+14.4%

Balance sheet

See full
Cash & equivalents$295.0M+3.3%
Total debt$2.3B+18.9%
Total equity$1.3B+28.7%
Total assets$7.5B+2.0%

Cash flow

See full
Operating cash flow$217.0M-9.8%
CapEx$19.0M+0.5%
Free cash flow$198.0M-10.6%

Valuation

See full
Market cap$6.06B-15.6%
Enterprise value$8.05B-8.7%
P/E14.7×-2.0×
P/S2×-0.5×

Profitability

See full
Operating margin24.1%-1.2pp
Net margin13.8%-1.4pp
FCF margin24%-1.0pp

Returns & leverage

See full
Return on equity34.7%-6.9pp
Debt / equity1.7×-0.1×
Current ratio0.4×-0.2×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Churchill Downs’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000020212-26-000059
(in millions, except per common share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating expense:
Live and Historical Racing268256467446
Wagering Services and Solutions9691164158
Gaming192191380383
All Other54108
Selling, general and administrative expense6161120116
Asset impairments, net—2—2
Transaction expense, net1222

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's gaming — operating expense?
Churchill Downs (CHDN) reported gaming — operating expense of $192M in Q2 2026.
How has Churchill Downs's gaming — operating expense changed year-over-year?
Churchill Downs's gaming — operating expense increased by 0.4% year-over-year, from $191.3M to $192M.
What is the long-term trend for Churchill Downs's gaming — operating expense?
Over 4 years (2021 to 2025), Churchill Downs's gaming — operating expense has grown at a 12.5% compound annual growth rate (CAGR), from $476.3M to $763M.
What does gaming — operating expense mean?
The aggregate costs incurred to operate the gaming segment, including labor, marketing, utilities, and maintenance expenses. This metric captures the efficiency of the segment's cost structure in supporting its gaming operations. Monitoring this helps investors assess management's ability to control overhead and maintain margins amidst varying levels of revenue.

Ask your AI about Churchill Downs's gaming — operating expense.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude