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Other financials

Income statement

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Revenue$980.0M+4.9%
Operating income$357.0M+8.9%
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:NetIncomeLoss.

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
Income tax provision(86)(74)(116)(93)
Net income242218325295
Net income attributable to noncontrolling interests1111
Net income attributable to Churchill Downs Incorporated$241$217$324$294
Net income attributable to Churchill Downs Incorporated per common share data:
Basic net income$3.43$3.02$4.59$4.02
Diluted net income$3.42$2.99$4.58$3.98
Weighted average shares outstanding:

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's net income?
Churchill Downs (CHDN) reported net income of $241M in Q2 2026.
How has Churchill Downs's net income changed year-over-year?
Churchill Downs's net income increased by 11.1% year-over-year, from $216.9M to $241M.
What is the long-term trend for Churchill Downs's net income?
Over 4 years (2021 to 2025), Churchill Downs's net income has grown at a 11.4% compound annual growth rate (CAGR), from $249.1M to $383M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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