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Churchill Downs CHDN Other — Net revenue

Other product segments

Gaming
$270M+1.5%
Pari-mutuel, historical racing
$265M+3.3%
Racing event-related services
$192M+11.3%
Pari-mutuel, live and simulcast racing
$190M+3.7%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 SolutionsGamingTotal SegmentsAll OtherTotal
Net revenue from external customers
Pari-mutuel:
Live and simulcast racing$53$133$4$190$190
Historical racing(a)265265265
Racing event-related services192192192
Gaming(a)34232239239
Other(a)3030349494
Total$543$167$270$980$980

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's other — net revenue?
Churchill Downs (CHDN) reported other — net revenue of $94M in Q2 2026.
How has Churchill Downs's other — net revenue changed year-over-year?
Churchill Downs's other — net revenue increased by 5.1% year-over-year, from $89.4M to $94M.
What is the long-term trend for Churchill Downs's other — net revenue?
Over 4 years (2021 to 2025), Churchill Downs's other — net revenue has grown at a 30.6% compound annual growth rate (CAGR), from $108.1M to $314.6M.
What does other — net revenue mean?
Represents the total revenue generated from business activities that do not fall under the primary reporting segments of racing, wagering, or gaming. This metric captures income streams from ancillary operations or corporate-level investments that contribute to the company's consolidated top-line performance. It is used to assess the contribution of non-core business units to overall financial growth.

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