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Churchill Downs CHDN Live and Historical — Other Cost and Expense, Operating

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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 us-gaap:OtherCostAndExpenseOperating.

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 live and historical — other cost and expense, operating?
Churchill Downs (CHDN) reported live and historical — other cost and expense, operating of $37M in Q2 2026.
How has Churchill Downs's live and historical — other cost and expense, operating changed year-over-year?
Churchill Downs's live and historical — other cost and expense, operating increased by 8.5% year-over-year, from $34.1M to $37M.
What is the long-term trend for Churchill Downs's live and historical — other cost and expense, operating?
Over 2 years (2021 to 2025), Churchill Downs's live and historical — other cost and expense, operating has grown at a 32.0% compound annual growth rate (CAGR), from $53M to $92.3M.
What does live and historical — other cost and expense, operating mean?
This metric captures miscellaneous operating costs that do not fall into specific categories like labor, marketing, or taxes within the Live and Historical Racing segment. It includes items such as insurance, professional fees, and other variable costs necessary for day-to-day operations. Monitoring this helps identify trends in non-core operational spending.

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