Churchill Downs (CHDN) Net Margin (2010 - 2026)

Churchill Downs has reported Net Margin for 17 years, with the latest figure at 24.69% in Q2 2026.

• On a quarterly basis, Net Margin rose 135.0% year-over-year to 24.69% in Q2 2026; TTM through Jun 2026 was 13.89%, a 143.0% decrease from a year earlier, with the FY2025 full-year figure at 13.18%, down 252.0% from the prior year.
• Net Margin was 24.69% for Q2 2026 at Churchill Downs, up from 12.52% in the prior quarter.
• The five-year high for Net Margin was 58.25% in Q2 2022, with the low at 0.21% in Q4 2022.
• Average Net Margin over 5 years is 16.53%, with a median of 12.25% recorded in 2025.
• The sharpest annual moves came in 2022 and 2023: Net Margin surged 3722 bps in 2022, then sank 3964 bps in 2023.
• Over 5 years, Net Margin stood at 0.21% in 2022, then surged by 4828 bps to 10.26% in 2023, then rose by 13 bps to 11.58% in 2024, then sank by 33 bps to 7.73% in 2025, then soared by 219 bps to 24.69% in 2026.
• The last three Net Margin figures came in at 24.69% (Q2 2026), 12.52% (Q1 2026), and 7.73% (Q4 2025), per Business Quant data.