Churchill Downs (CHDN) Operating Expenses (2010 - 2026)
Churchill Downs (CHDN) posted quarterly Operating Expenses of $623.0 million for Q2 2026, up 2.64% year-over-year from $607.0 million in Q2 2025, and up 19.81% quarter-over-quarter from $520.0 million in Q1 2026.
Churchill Downs (CHDN) Operating Expenses (2010 - 2026) Analysis & Trends
Churchill Downs' Operating Expenses history runs 17 years deep, the most recent figure standing at $623.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 2.64% year-over-year to $623.0 million; the TTM figure through Jun 2026 stood at $2.3 billion (up 7.35% YoY), while the FY2025 annual figure was $2.2 billion, up 10.7% from the prior year.
- Operating Expenses for Q2 2026 stood at $623.0 million, up from $520.0 million in the prior quarter.
- The five-year high for Operating Expenses was $623.0 million in Q2 2026, with the low at $316.7 million in Q1 2022.
- The 5-year median for Operating Expenses is $500.0 million (2024), against an average of $488.7 million.
- Peak annual rise in Operating Expenses reached 43.77% in 2023, while the deepest fall reached 2.86% in 2023.
- Churchill Downs' Operating Expenses stood at $468.4 million in 2022, then retreated by 2.86% to $455.0 million in 2023, then grew by 9.32% to $497.4 million in 2024, then increased by 9.05% to $542.4 million in 2025, then increased by 14.86% to $623.0 million in 2026.
- Business Quant data shows CHDN's Operating Expenses at $623.0 million in Q2 2026, $520.0 million in Q1 2026, and $542.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 1.56 Bn |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 491.98 Mn |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | -470.00 Mn |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 623.00 Mn |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 347.55 Mn |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 60.00 Mn |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 336.07 Mn |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 24.20 Mn |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | -21.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 623.00 Mn |
| Mar 31, 2026 | 520.00 Mn |
| Dec 31, 2025 | 542.40 Mn |
| Sep 30, 2025 | 585.00 Mn |
| Jun 30, 2025 | 607.00 Mn |
| Mar 31, 2025 | 508.00 Mn |
| Dec 31, 2024 | 497.40 Mn |
| Sep 30, 2024 | 502.60 Mn |
| Jun 30, 2024 | 560.70 Mn |
| Mar 31, 2024 | 464.60 Mn |
| Dec 31, 2023 | 455.00 Mn |
| Sep 30, 2023 | 460.20 Mn |
| Jun 30, 2023 | 542.90 Mn |
| Mar 31, 2023 | 439.60 Mn |
| Dec 31, 2022 | 468.40 Mn |
| Sep 30, 2022 | 320.10 Mn |
| Jun 30, 2022 | 382.80 Mn |
| Mar 31, 2022 | 316.70 Mn |
| Dec 31, 2021 | 330.10 Mn |
| Sep 30, 2021 | 325.40 Mn |