Churchill Downs (CHDN) Change in Taxes (2010 - 2025)
Churchill Downs' (CHDN) 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 13.89% quarter-over-quarter from -$39.6 million in Q3 2025.
Churchill Downs (CHDN) Change in Taxes (2010 - 2025) Analysis & Trends
Churchill Downs' Change in Taxes history runs 16 years deep, the most recent figure standing at -$45.1 million for Q4 2025.
- On a quarterly basis, Change in Taxes fell 424.42% year-over-year to -$45.1 million in Q4 2025; TTM through Mar 2026 was -$22.5 million, a 800.0% decrease from a year earlier, with the FY2025 full-year figure at -$3.5 million, up 22.22% from the prior year.
- Change in Taxes declined to -$45.1 million in Q4 2025 per CHDN's latest filing, from -$39.6 million in the prior quarter.
- Across five years, Change in Taxes topped out at $62.2 million in Q2 2025 and bottomed at -$48.8 million in Q3 2024.
- The 5-year median for Change in Taxes is $3.2 million (2022), against an average of $3.6 million.
- Biggest YoY gain for Change in Taxes was 35800.0% in 2024; the steepest drop was 1038.46% in 2024.
- Year by year, Change in Taxes stood at $12.9 million in 2021, then soared by 112.4% to $27.4 million in 2022, then plunged by 125.91% to -$7.1 million in 2023, then dropped by 21.13% to -$8.6 million in 2024, then tumbled by 424.42% to -$45.1 million in 2025.
- Per Business Quant, the three latest CHDN Change in Taxes figures stand at -$45.1 million (Q4 2025), -$39.6 million (Q3 2025), and $62.2 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | - |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 1.29 Mn |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | - |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | - |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | - |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 30.00 Mn |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | - |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | -3.90 Mn |
| 10 | Gambling.com | 58.26 Mn | 42.45 Mn | 39.34 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -45.10 Mn |
| Dec 31, 2025 | -45.10 Mn |
| Sep 30, 2025 | -39.60 Mn |
| Sep 30, 2025 | -39.60 Mn |
| Jun 30, 2025 | 62.20 Mn |
| Jun 30, 2025 | 62.20 Mn |
| Mar 31, 2025 | 19.00 Mn |
| Mar 31, 2025 | 19.00 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 | 35.90 Mn |
| Jun 30, 2024 | 35.90 Mn |
| Mar 31, 2024 | 17.00 Mn |
| Mar 31, 2024 | 17.00 Mn |
| Dec 31, 2023 | -7.10 Mn |
| Dec 31, 2023 | -7.10 Mn |
| Sep 30, 2023 | 5.20 Mn |
| Sep 30, 2023 | 5.20 Mn |