Churchill Downs (CHDN) Change in Taxes (2010 - 2025)

Churchill Downs' Change in Taxes history runs 16 years deep, the most recent figure standing at -$45.1 million for Q4 2025.

• In Q4 2025, Change in Taxes fell 424.42% year-over-year to -$45.1 million; the TTM figure through Mar 2026 stood at -$4.5 million (down 25.0% YoY), while the FY2025 annual figure was -$3.5 million, up 22.22% from the prior year.
• Change in Taxes was -$45.1 million for Q4 2025 at Churchill Downs, down from $40.2 million in the prior quarter.
• In the past five years, Change in Taxes ranged from a high of $147.6 million in Q2 2022 to a low of -$119.8 million in Q3 2022.
• Historically, Change in Taxes has averaged $1.6 million across 5 years, with a median of $700000.0 in 2025.
• The sharpest annual moves came in 2021 and 2025: Change in Taxes slumped 939.47% in 2021, then surged 900.0% in 2025.
• A 5-year view of Change in Taxes shows it stood at $12.9 million in 2021, then slumped by 146.51% to -$6.0 million in 2022, then surged by 68.33% to -$1.9 million in 2023, then plunged by 352.63% to -$8.6 million in 2024, then sank by 424.42% to -$45.1 million in 2025.
• The last three Change in Taxes figures came in at -$45.1 million (Q4 2025), $40.2 million (Q3 2025), and $400000.0 (Q2 2025), per Business Quant data.