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Churchill Downs CHDN Total Revenue

Total Revenue at other companies

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MGM Resorts InternationalMGM
$4.45B+1.0%
PENN Entertainment, Inc. logo
PENN Entertainment, Inc.PENN
$1.86B+5.2%
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Caesars Entertainment, Inc.CZR
$2.99B+3.0%
DraftKings Inc. logo
DraftKings Inc.DKNG
$1.44B-4.6%
Boyd Gaming logo
Boyd GamingBYD
$1.03B0.0%
Red Rock Resorts, Inc. logo
Red Rock Resorts, Inc.RRR
$510.26M-3.0%

Segments

By product

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Gaming$270M+1.5%
Pari-mutuel, historical racing$265M+3.3%
Racing event-related services$192M+11.3%
Pari-mutuel, live and simulcast racing$190M+3.7%

By segment

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Gaming$270M+1.4%

Other financials

Income statement

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Wagering Services and Solutions167158276265
Gaming270266527529
All Other
Total net revenue9809341,6431,577
Operating expense:
Live and Historical Racing268256467446
Wagering Services and Solutions9691164158
Gaming192191380383

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's total revenue?
Churchill Downs (CHDN) reported total revenue of $980M in Q2 2026.
How has Churchill Downs's total revenue changed year-over-year?
Churchill Downs's total revenue increased by 4.9% year-over-year, from $934.4M to $980M.
What is the long-term trend for Churchill Downs's total revenue?
Over 4 years (2021 to 2025), Churchill Downs's total revenue has grown at a 16.3% compound annual growth rate (CAGR), from $1.6B to $2.93B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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