Churchill Downs (CHDN) Operating Expenses (2010 - 2026)

Churchill Downs has reported Operating Expenses for 17 years, with the latest figure at $520.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 2.36% year-over-year to $520.0 million; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (up 8.96% YoY), and the FY2025 full-year result was $2.2 billion, up 10.7% from the prior year.
• Operating Expenses for Q1 2026 stood at $520.0 million, down from $542.4 million in the prior quarter.
• The five-year high for Operating Expenses was $606.7 million in Q2 2025, with the low at $316.7 million in Q1 2022.
• Average Operating Expenses over 5 years is $480.8 million, with a median of $497.4 million recorded in 2024.
• Peak annual rise in Operating Expenses reached 43.77% in 2023, while the deepest fall reached 2.86% in 2023.
• Tracing CHDN's Operating Expenses over 5 years: stood at $468.4 million in 2022, then slipped by 2.86% to $455.0 million in 2023, then rose by 9.32% to $497.4 million in 2024, then gained by 9.05% to $542.4 million in 2025, then decreased by 4.13% to $520.0 million in 2026.
• The last three Operating Expenses figures came in at $520.0 million (Q1 2026), $542.4 million (Q4 2025), and $585.0 million (Q3 2025), per Business Quant data.

Peer Comparison