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.

• In Q1 2026, Net Margin rose 54.0% year-over-year to 12.52%; the TTM figure through Mar 2026 stood at 13.28% (down 200.0% YoY), while the FY2025 annual figure was 13.18%, down 252.0% from the prior year.
• Net Margin was 12.52% for Q1 2026 at Churchill Downs, up from 7.73% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 58.25% in Q2 2022 to a low of 0.21% in Q4 2022.
• Historically, Net Margin has averaged 16.05% across 5 years, with a median of 11.98% in 2025.
• Biggest YoY gain for Net Margin was 1627 bps in 2023; the steepest drop was 3964 bps in 2023.
• A 5-year view of Net Margin shows it 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 slumped by 33 bps to 7.73% in 2025, then surged by 62 bps to 12.52% in 2026.
• The last three Net Margin figures came in at 12.52% (Q1 2026), 7.73% (Q4 2025), and 5.74% (Q3 2025), per Business Quant data.