What is Churchill Downs's SG&A?

Churchill Downs (CHDN) reported SG&A of $59M in Q1 2026.

How has Churchill Downs's SG&A changed year-over-year?

Churchill Downs's SG&A increased by 7.3% year-over-year, from $55M to $59M.

What is the long-term trend for Churchill Downs's SG&A?

Over 4 years (2021 to 2025), Churchill Downs's SG&A has grown at a 15.5% compound annual growth rate (CAGR), from $138.5M to $246.7M.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Churchill Downs CHDN SG&A

SG&A at other companies

MGM Resorts InternationalMGM

$1.28B+10.1%

Boyd GamingBYD

$109.99M+2.0%

Wynn ResortsWYNN

$275.2M-0.2%

Red Rock Resorts, Inc.RRR

$114.36M+9.2%

Las Vegas SandsLVS

$302M+10.6%

Other financials

Income statement

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Revenue$663.0M+3.1%

Operating income$143.0M+5.9%

Net income$83.0M+7.8%

EPS (diluted)$1.16+13.7%

Balance sheet

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Cash & equivalents$291.0M+7.4%

Total debt$1.8B+2.6%

Total equity$1.1B+2.2%

Total assets$7.5B+1.9%

Cash flow

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Operating cash flow$295.0M+19.4%

CapEx$19.0M+46.2%

Free cash flow$276.0M+17.9%

Valuation

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Market cap$6.15B-23.3%

Profitability

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Operating margin23.5%-2.3pp

Net margin13.2%-2.0pp

FCF margin25.2%+0.8pp

Returns & leverage

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Return on equity35.9%-8.7pp

Debt / equity1.7×0.0×

Current ratio0.5×0.0×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The official record: Churchill Downs’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Churchill Downs's SG&A?: Churchill Downs (CHDN) reported SG&A of $59M in Q1 2026.
How has Churchill Downs's SG&A changed year-over-year?: Churchill Downs's SG&A increased by 7.3% year-over-year, from $55M to $59M.
What is the long-term trend for Churchill Downs's SG&A?: Over 4 years (2021 to 2025), Churchill Downs's SG&A has grown at a 15.5% compound annual growth rate (CAGR), from $138.5M to $246.7M.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.