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Churchill Downs CHDN Other operating expenses

Discontinued — last reported Q2 '26

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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:OperatingExpenses.

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
Selling, general and administrative expense6161120116
Asset impairments, net22
Transaction expense, net1222
Total operating expense6236071,1431,115
Operating income357327500462
Other (expense) income:
Interest expense, net(70)(75)(142)(147)
Equity in income of unconsolidated affiliates41377770

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's other operating expenses?
Churchill Downs (CHDN) reported other operating expenses of 62,300,000,000% in Q2 2026.
How has Churchill Downs's other operating expenses changed year-over-year?
Churchill Downs's other operating expenses increased by 2.7% year-over-year, from 60,670,000,000% to 62,300,000,000%.
What is the long-term trend for Churchill Downs's other operating expenses?
Over 4 years (2021 to 2025), Churchill Downs's other operating expenses has grown at a 14.5% compound annual growth rate (CAGR), from 229,550,000,000% to 394,180,000,000%.
What does other operating expenses mean?
Residual operating expenses not classified into specific categories, serving as a catch-all for miscellaneous operating costs.

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