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

Churchill Downs has reported Cost of Revenue for 9 years, with the latest figure at $188.0 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 4600.0% year-over-year to $188.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.2 billion (up 224.39% YoY), and the FY2025 full-year result was $861.4 million, up 15.02% from the prior year.
• Cost of Revenue for Q1 2026 stood at $188.0 million, down from $848.3 million in the prior quarter.
• The five-year high for Cost of Revenue was $848.3 million in Q4 2025, with the low at $4.0 million in Q1 2025.
• Average Cost of Revenue over 5 years is $174.3 million, with a median of $131.7 million recorded in 2022.
• Year-over-year, Cost of Revenue slumped 97.82% in 2025 and surged 4600.0% in 2026.
• Tracing CHDN's Cost of Revenue over 5 years: stood at $131.7 million in 2022, then jumped by 235.91% to $442.4 million in 2023, then sank by 57.69% to $187.2 million in 2024, then surged by 353.15% to $848.3 million in 2025, then tumbled by 77.84% to $188.0 million in 2026.
• The last three Cost of Revenue figures came in at $188.0 million (Q1 2026), $848.3 million (Q4 2025), and $205.6 million (Q3 2025), per Business Quant data.

Peer Comparison