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

Churchill Downs' Operating Expenses history runs 17 years deep, the most recent figure standing at $520.0 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 2.36% year-over-year to $520.0 million in Q1 2026; TTM through Mar 2026 was $2.3 billion, a 8.96% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 10.7% from the prior year.
• Operating Expenses eased to $520.0 million in Q1 2026 per CHDN's latest filing, from $542.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at $606.7 million in Q2 2025 and bottomed at $316.7 million in Q1 2022.
• The 5-year median for Operating Expenses is $497.4 million (2024), against an average of $480.8 million.
• Biggest YoY gain for Operating Expenses was 43.77% in 2023; the steepest drop was 2.86% in 2023.
• Year by year, Operating Expenses stood at $468.4 million in 2022, then decreased by 2.86% to $455.0 million in 2023, then increased by 9.32% to $497.4 million in 2024, then rose by 9.05% to $542.4 million in 2025, then retreated by 4.13% to $520.0 million in 2026.
• Per Business Quant, the three latest CHDN Operating Expenses figures stand at $520.0 million (Q1 2026), $542.4 million (Q4 2025), and $585.0 million (Q3 2025).