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

Churchill Downs has reported Operating Expenses for 17 years, with the latest figure at $623.0 million in Q2 2026.

• On a quarterly basis, Operating Expenses rose 2.64% year-over-year to $623.0 million in Q2 2026; TTM through Jun 2026 was $2.3 billion, a 7.35% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 10.7% from the prior year.
• Operating Expenses was $623.0 million for Q2 2026 at Churchill Downs, 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.
• Average Operating Expenses over 5 years is $488.7 million, with a median of $500.0 million recorded in 2024.
• The largest YoY upside for Operating Expenses was 43.77% in 2023 against a maximum downside of 2.86% in 2023.
• Over 5 years, Operating Expenses 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 gained by 14.86% to $623.0 million in 2026.
• The last three Operating Expenses figures came in at $623.0 million (Q2 2026), $520.0 million (Q1 2026), and $542.4 million (Q4 2025), per Business Quant data.