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

Churchill Downs' Net Margin history runs 16 years deep, the most recent figure standing at 12.52% for Q1 2026.

• On a quarterly basis, Net Margin rose 54.0% year-over-year to 12.52% in Q1 2026; TTM through Mar 2026 was 13.28%, a 200.0% decrease from a year earlier, with the FY2025 full-year figure at 13.18%, down 252.0% from the prior year.
• Net Margin improved to 12.52% in Q1 2026 per CHDN's latest filing, from 7.73% in the prior quarter.
• Across five years, Net Margin topped out at 58.25% in Q2 2022 and bottomed at 0.21% in Q4 2022.
• The 5-year median for Net Margin is 11.98% (2025), against an average of 16.05%.
• Biggest YoY gain for Net Margin was 1627 bps in 2023; the steepest drop was 3964 bps in 2023.
• Year by year, Net Margin stood at 0.21% in 2022, then jumped by 4828 bps to 10.26% in 2023, then increased by 13 bps to 11.58% in 2024, then plunged by 33 bps to 7.73% in 2025, then surged by 62 bps to 12.52% in 2026.
• Per Business Quant, the three latest CHDN Net Margin figures stand at 12.52% (Q1 2026), 7.73% (Q4 2025), and 5.74% (Q3 2025).