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Churchill Downs CHDN Total Operating Expenses

Total Operating Expenses at other companies

Red Rock Resorts, Inc. logo
Red Rock Resorts, Inc.RRR
$374.27M+4.5%

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 total operating expenses?
Churchill Downs (CHDN) reported total operating expenses of $623M in Q2 2026.
How has Churchill Downs's total operating expenses changed year-over-year?
Churchill Downs's total operating expenses increased by 2.7% year-over-year, from $606.7M to $623M.
What is the long-term trend for Churchill Downs's total operating expenses?
Over 4 years (2021 to 2025), Churchill Downs's total operating expenses has grown at a 14.3% compound annual growth rate (CAGR), from $1.31B to $2.24B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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