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Churchill Downs CHDN Compensation and benefits

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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:ShareBasedCompensation.

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)Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Depreciation and amortization115117
Distributions from unconsolidated affiliates7263
Equity in income of unconsolidated affiliates(77)(70)
Stock-based compensation1311
Deferred income taxes424
Asset impairments2
Amortization of operating lease assets33
Other54

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's compensation and benefits?
Churchill Downs (CHDN) reported compensation and benefits of $8M in Q2 2026.
How has Churchill Downs's compensation and benefits changed year-over-year?
Churchill Downs's compensation and benefits increased by 11.1% year-over-year, from $7.2M to $8M.
What is the long-term trend for Churchill Downs's compensation and benefits?
Over 4 years (2021 to 2025), Churchill Downs's compensation and benefits has grown at a 2.1% compound annual growth rate (CAGR), from $27.8M to $30.2M.
What does compensation and benefits mean?
Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.

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