Churchill Downs (CHDN) Change in Taxes (2010 - 2025)
Churchill Downs' quarterly Change in Taxes came in at -$45.1 million in Q4 2025, down 424.42% year-on-year from $13.9 million in Q4 2024, and down 212.19% quarter-over-quarter from $40.2 million in Q3 2025.
Churchill Downs has reported Change in Taxes for 16 years, with the latest figure at -$45.1 million in Q4 2025.
- For the quarter ending Q4 2025, Change in Taxes fell 424.42% year-over-year to -$45.1 million; the trailing twelve-month figure through Mar 2026 stood at -$4.5 million (down 25.0% YoY), and the FY2025 full-year result was -$3.5 million, up 22.22% from the prior year.
- Change in Taxes for Q4 2025 stood at -$45.1 million, down from $40.2 million in the prior quarter.
- The five-year high for Change in Taxes was $147.6 million in Q2 2022, with the low at -$119.8 million in Q3 2022.
- Average Change in Taxes over 5 years is $1.6 million, with a median of $700000.0 recorded in 2025.
- Year-over-year, Change in Taxes slumped 939.47% in 2021 and jumped 900.0% in 2025.
- Tracing CHDN's Change in Taxes over 5 years: stood at $12.9 million in 2021, then sank by 146.51% to -$6.0 million in 2022, then soared by 68.33% to -$1.9 million in 2023, then tumbled by 352.63% to -$8.6 million in 2024, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | - |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 1.29 Mn |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | - |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | - |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | -5.23 Mn |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | - |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | -3.90 Mn |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -45.10 Mn |
| Dec 31, 2025 | -45.10 Mn |
| Sep 30, 2025 | 40.20 Mn |
| Sep 30, 2025 | 40.20 Mn |
| Jun 30, 2025 | 400,000.00 |
| Jun 30, 2025 | 400,000.00 |
| Mar 31, 2025 | 1.00 Mn |
| Mar 31, 2025 | 1.00 Mn |
| Dec 31, 2024 | -8.60 Mn |
| Dec 31, 2024 | -8.60 Mn |
| Sep 30, 2024 | -48.80 Mn |
| Sep 30, 2024 | -48.80 Mn |
| Jun 30, 2024 | 52.80 Mn |
| Jun 30, 2024 | 52.80 Mn |
| Mar 31, 2024 | 100,000.00 |
| Mar 31, 2024 | 100,000.00 |
| Dec 31, 2023 | -1.90 Mn |
| Dec 31, 2023 | -1.90 Mn |
| Sep 30, 2023 | -40.80 Mn |
| Sep 30, 2023 | -40.80 Mn |
| Jun 30, 2023 | 21.70 Mn |
| Jun 30, 2023 | 21.70 Mn |
| Mar 31, 2023 | 19.90 Mn |
| Mar 31, 2023 | 19.90 Mn |
| Dec 31, 2022 | -6.00 Mn |
| Dec 31, 2022 | -6.00 Mn |
| Sep 30, 2022 | -119.80 Mn |
| Sep 30, 2022 | -119.80 Mn |
| Jun 30, 2022 | 147.60 Mn |
| Jun 30, 2022 | 147.60 Mn |
| Mar 31, 2022 | 6.40 Mn |
| Mar 31, 2022 | 6.40 Mn |
| Dec 31, 2021 | 12.90 Mn |
| Dec 31, 2021 | 12.90 Mn |
| Sep 30, 2021 | -39.50 Mn |
| Sep 30, 2021 | -39.50 Mn |
| Jun 30, 2021 | 30.30 Mn |
| Jun 30, 2021 | 30.30 Mn |
| Mar 31, 2021 | 9.20 Mn |
| Mar 31, 2021 | 9.20 Mn |
| Dec 31, 2020 | -8.40 Mn |
| Dec 31, 2020 | -8.40 Mn |
| Sep 30, 2020 | -3.80 Mn |
| Sep 30, 2020 | -3.80 Mn |
| Jun 30, 2020 | -11.70 Mn |
| Jun 30, 2020 | -11.70 Mn |
| Mar 31, 2020 | -10.70 Mn |
| Mar 31, 2020 | -10.70 Mn |
| Dec 31, 2019 | -11.90 Mn |
| Dec 31, 2019 | -11.90 Mn |
| Sep 30, 2019 | -16.40 Mn |
| Sep 30, 2019 | -16.40 Mn |
| Jun 30, 2019 | 31.60 Mn |
| Jun 30, 2019 | 31.60 Mn |
| Mar 31, 2019 | 300,000.00 |
| Mar 31, 2019 | 300,000.00 |
| Dec 31, 2018 | -17.40 Mn |
| Dec 31, 2018 | -17.40 Mn |
| Sep 30, 2018 | -24.10 Mn |
| Sep 30, 2018 | -24.10 Mn |
| Jun 30, 2018 | 2.90 Mn |
| Jun 30, 2018 | 2.90 Mn |
| Mar 31, 2018 | 52.40 Mn |
| Mar 31, 2018 | 52.40 Mn |
| Dec 31, 2017 | -51.90 Mn |
| Dec 31, 2017 | -51.90 Mn |
| Sep 30, 2017 | -25.50 Mn |
| Sep 30, 2017 | -25.50 Mn |
| Jun 30, 2017 | 43.40 Mn |
| Jun 30, 2017 | 43.40 Mn |
| Mar 31, 2017 | 6.60 Mn |
| Mar 31, 2017 | 6.60 Mn |
| Dec 31, 2016 | -34.70 Mn |
| Dec 31, 2016 | -34.70 Mn |
| Sep 30, 2016 | -7.70 Mn |
| Sep 30, 2016 | -7.70 Mn |
| Jun 30, 2016 | 41.50 Mn |
| Jun 30, 2016 | 41.50 Mn |
| Mar 31, 2016 | -5.70 Mn |
| Mar 31, 2016 | -5.70 Mn |
| Dec 31, 2015 | -9.60 Mn |
| Dec 31, 2015 | -9.60 Mn |
| Sep 30, 2015 | -24.00 Mn |
| Sep 30, 2015 | -24.00 Mn |
| Jun 30, 2015 | 46.10 Mn |
| Jun 30, 2015 | 46.10 Mn |
| Mar 31, 2015 | 16.00 Mn |
| Mar 31, 2015 | 16.00 Mn |
| Dec 31, 2014 | -20.28 Mn |
| Dec 31, 2014 | -20.28 Mn |
| Sep 30, 2014 | -18.49 Mn |
| Sep 30, 2014 | -18.49 Mn |
| Jun 30, 2014 | 32.94 Mn |
| Jun 30, 2014 | 32.94 Mn |
| Mar 31, 2014 | 6.03 Mn |
| Mar 31, 2014 | 6.03 Mn |
| Dec 31, 2013 | -12.32 Mn |
| Dec 31, 2013 | -12.32 Mn |
| Mar 31, 2013 | 1.30 Mn |
| Mar 31, 2013 | 1.30 Mn |
| Dec 31, 2012 | -11.39 Mn |
| Dec 31, 2012 | -11.39 Mn |
| Sep 30, 2012 | -18.84 Mn |
| Sep 30, 2012 | -18.84 Mn |
| Jun 30, 2012 | 30.88 Mn |
| Jun 30, 2012 | 30.88 Mn |
| Mar 31, 2012 | 110,000.00 |
| Mar 31, 2012 | 110,000.00 |
| Dec 31, 2011 | -19.57 Mn |
| Dec 31, 2011 | -19.57 Mn |
| Sep 30, 2011 | -3.54 Mn |
| Sep 30, 2011 | -3.54 Mn |
| Jun 30, 2011 | 25.93 Mn |
| Jun 30, 2011 | 25.93 Mn |
| Mar 31, 2011 | 5.16 Mn |
| Mar 31, 2011 | 5.16 Mn |
| Dec 31, 2010 | -12.18 Mn |
| Dec 31, 2010 | -12.18 Mn |
| Sep 30, 2010 | -7.24 Mn |
| Sep 30, 2010 | -7.24 Mn |