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Churchill Downs CHDN Other — Operating expense

Other product segments

Gaming
$192M+0.4%

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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: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
Live and Historical Racing268256467446
Wagering Services and Solutions9691164158
Gaming192191380383
All Other54108
Selling, general and administrative expense6161120116
Asset impairments, net22
Transaction expense, net1222
Total operating expense6236071,1431,115

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's other — operating expense?
Churchill Downs (CHDN) reported other — operating expense of $5M in Q2 2026.
How has Churchill Downs's other — operating expense changed year-over-year?
Churchill Downs's other — operating expense increased by 22.0% year-over-year, from $4.1M to $5M.
What is the long-term trend for Churchill Downs's other — operating expense?
Over 4 years (2021 to 2025), Churchill Downs's other — operating expense has grown at a -26.6% compound annual growth rate (CAGR), from $60.5M to $17.6M.
What does other — operating expense mean?
Includes all costs and expenses associated with the operation of non-core business segments or corporate-level functions not allocated to primary racing or gaming divisions. Monitoring this metric helps investors understand the overhead and operational efficiency of secondary business lines. It is essential for evaluating the cost structure of diversified activities outside the company's main revenue drivers.

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