Churchill Downs (CHDN) Cost of Revenue (2018 - 2026)

Churchill Downs' Cost of Revenue history runs 9 years deep, the most recent figure standing at $199.0 million for Q1 2026.

• On a quarterly basis, Cost of Revenue rose 3.65% year-over-year to $199.0 million in Q1 2026; TTM through Mar 2026 was $322.7 million, a 340.25% increase from a year earlier, with the FY2025 full-year figure at $301.3 million, up 1908.67% from the prior year.
• Cost of Revenue climbed to $199.0 million in Q1 2026 per CHDN's latest filing, from -$273.2 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $221.4 million in Q2 2024 and bottomed at -$534.9 million in Q4 2024.
• The 5-year median for Cost of Revenue is $175.6 million (2023), against an average of $68.0 million.
• Across the five-year window, Cost of Revenue plunged 4971.7% in 2022 and soared 9042.86% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at -$258.2 million in 2022, then soared by 175.25% to $194.3 million in 2023, then tumbled by 375.3% to -$534.9 million in 2024, then jumped by 48.93% to -$273.2 million in 2025, then jumped by 172.84% to $199.0 million in 2026.
• Per Business Quant, the three latest CHDN Cost of Revenue figures stand at $199.0 million (Q1 2026), -$273.2 million (Q4 2025), and $205.6 million (Q3 2025).