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Churchill Downs CHDN Live and Historical — Pari-Mutuel Taxes and Purses

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Other financials

Income statement

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Revenue$663.0M+3.1%
Operating income$143.0M+5.9%
Net income$83.0M+7.8%
EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.4%
Total debt$1.8B+2.6%
Total equity$1.1B+2.2%
Total assets$7.5B+1.9%

Cash flow

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Operating cash flow$295.0M+19.4%
CapEx$19.0M+46.2%
Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept chdn:PariMutuelTaxesAndPurses.

The official record: Churchill Downs’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Churchill Downs's live and historical — pari-mutuel taxes and purses?
Churchill Downs (CHDN) reported live and historical — pari-mutuel taxes and purses of $76M in Q1 2026.
How has Churchill Downs's live and historical — pari-mutuel taxes and purses changed year-over-year?
Churchill Downs's live and historical — pari-mutuel taxes and purses increased by 5.6% year-over-year, from $72M to $76M.
What is the long-term trend for Churchill Downs's live and historical — pari-mutuel taxes and purses?
Over 3 years (2022 to 2025), Churchill Downs's live and historical — pari-mutuel taxes and purses has grown at a 27.9% compound annual growth rate (CAGR), from $167.1M to $349.5M.
What does live and historical — pari-mutuel taxes and purses mean?
This metric represents the mandatory payments made to regulatory bodies and the prize money allocated to horse racing participants within the Live and Historical Racing segment. It reflects the direct cost of compliance and the competitive incentive structure required to maintain racing operations. Monitoring this helps assess the regulatory burden and the cost of maintaining high-quality racing fields.