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Churchill Downs CHDN Gaming — Other income

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Other financials

Income statement

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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

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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

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

Valuation

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

Profitability

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

Returns & leverage

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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 chdn:OtherincomeexpenseAdjustedEBITDA.

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)Live and Historical RacingWagering Services and SolutionsGaming
Selling, general and administrative expense(14)(4)(12)
Maintenance, insurance and utilities(13)(3)(9)
Gaming equipment rental and technology costs(13)(2)(5)
Food and beverage costs(4)(4)
Other operating expense(1)(37)(15)(18)
Equity in income of unconsolidated affiliates50
Other income
Adjusted EBITDA$318$52$133

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's gaming — other income?
Churchill Downs (CHDN) reported gaming — other income of $0 in Q2 2026.
How has Churchill Downs's gaming — other income changed year-over-year?
Churchill Downs's gaming — other income decreased by 100.0% year-over-year, from $400K to $0.
What is the long-term trend for Churchill Downs's gaming — other income?
Over 3 years (2021 to 2025), Churchill Downs's gaming — other income has grown at a -85.1% compound annual growth rate (CAGR), from $181.7M to $600K.
What does gaming — other income mean?
Captures non-operating income streams generated within the gaming segment that fall outside of core wagering or casino operations. This includes items such as interest income, gains on asset sales, or other miscellaneous financial inflows that impact the segment's bottom line.

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