Growth Metrics

Churchill Downs (CHDN) Net Margin (2016 - 2026)

Churchill Downs has reported Net Margin over the past 16 years, most recently at 12.52% for Q1 2026.

  • Quarterly Net Margin rose 54.0% to 12.52% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 13.28% through Mar 2026, down 200.0% year-over-year, with the annual reading at 13.18% for FY2025, 252.0% down from the prior year.
  • Net Margin was 12.52% for Q1 2026 at Churchill Downs, up from 7.73% in the prior quarter.
  • Over five years, Net Margin peaked at 58.25% in Q2 2022 and troughed at 0.21% in Q4 2022.
  • The 5-year median for Net Margin is 11.98% (2025), against an average of 16.05%.
  • Peak annual rise in Net Margin hit 1627bps in 2023, while the deepest fall reached -3964bps in 2023.
  • Tracing CHDN's Net Margin over 5 years: stood at 0.21% in 2022, then skyrocketed by 4828bps to 10.26% in 2023, then increased by 13bps to 11.58% in 2024, then plummeted by -33bps to 7.73% in 2025, then surged by 62bps to 12.52% in 2026.
  • According to Business Quant data, Net Margin over the past three periods came in at 12.52%, 7.73%, and 5.74% for Q1 2026, Q4 2025, and Q3 2025 respectively.