Boyd Gaming (BYD) Operating Margin (2010 - 2026)
Boyd Gaming (BYD) reported Operating Margin of 19.40% for Q2 2026, down 4.04 percentage points from 23.44% a year earlier but up 2.96 percentage points from the prior quarter.
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Analysis
Boyd Gaming (BYD) Operating Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Boyd Gaming's Operating Margin came in at 16.37%, down 6.56 percentage points year-over-year; for FY2025, it came in at 18.29%, down 5.32 percentage points from FY2024.
- Operating Margin has declined for three consecutive years, though with a five-year change of +17.63 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 23.61% in FY2024 (-0.52 pp), 24.12% in FY2023 (-3.48 pp), 27.60% in FY2022 (+0.89 pp) and 26.71% in FY2021 (+26.06 pp).
- Five-year quarterly Operating Margin spans a low of 13.92% in Q3 2025 and a high of 29.55% in Q1 2023.
- Year over year, Operating Margin has now declined in each of the last six quarters, with an average year-over-year change of -2.66 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q4 2024 (a gain of 8.86 percentage points); the low point was Q4 2023 (a drop of 10.59 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 16.44% (Q1 2026), 15.67% (Q4 2025) and 13.92% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn | 19.59% |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn | -4.72% |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn | -3.33% |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn | 11.53% |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn | 17.29% |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn | 16.03% |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn | 11.32% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn | 17.14% |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - | - |
| 10 | Boyd Gaming | 5.06 Bn | 3.69 Bn | 520.16 Mn | 19.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.40% |
| Mar 31, 2026 | 16.44% |
| Dec 31, 2025 | 15.67% |
| Sep 30, 2025 | 13.92% |
| Jun 30, 2025 | 23.44% |
| Mar 31, 2025 | 20.16% |
| Dec 31, 2024 | 25.10% |
| Sep 30, 2024 | 22.89% |
| Jun 30, 2024 | 23.47% |
| Mar 31, 2024 | 22.84% |
| Dec 31, 2023 | 16.25% |
| Sep 30, 2023 | 24.12% |
| Jun 30, 2023 | 26.61% |
| Mar 31, 2023 | 29.55% |
| Dec 31, 2022 | 26.83% |
| Sep 30, 2022 | 27.07% |
| Jun 30, 2022 | 27.40% |
| Mar 31, 2022 | 29.17% |
| Dec 31, 2021 | 24.65% |
| Sep 30, 2021 | 26.47% |
API Access
Boyd Gaming Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=BYD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "BYD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=BYD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();