Churchill Downs (CHDN) Share-based Compensation (2010 - 2026)
Churchill Downs' Share-based Compensation was $6 million in Q3 2026, down 14.3% from $7 million a year earlier and down 25.0% from the prior quarter.
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Analysis
Churchill Downs (CHDN) Share-based Compensation (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Churchill Downs' Share-based Compensation was $31.2 million through Sep 30, 2026, up 1.0% year-over-year; for FY2025, it came in at $30.2 million, down 16.3% from FY2024.
- Share-based Compensation shows a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- In earlier years, Share-based Compensation was $36.1 million in FY2024 (+9.7%), $32.9 million in FY2023 (+3.5%), $31.8 million in FY2022 (+14.4%) and $27.8 million in FY2021 (+17.3%).
- Quarterly Share-based Compensation has moved between $4 million (Q1 2025) and $12.9 million (Q4 2024) over five years.
- Compared with a year earlier, Share-based Compensation was higher in three of the last eight quarters, with growth averaging 1.5%.
- The best year-over-year quarter for Share-based Compensation over five years was Q4 2024 (growth of 59.3%); the worst was Q1 2025 (a decline of 44.4%).
- Per Business Quant data, CHDN's Share-based Compensation in the three quarters before Q3 2026 was $8 million (Q2 2026), $5 million (Q1 2026) and $12.2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 14.00 Mn |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | 61.00 Mn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 15.77 Mn |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | 82.55 Mn |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 20.21 Mn |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 15.02 Mn |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 3.88 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 24.00 Mn |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 6.00 Mn |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | 23.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.00 Mn |
| Jun 30, 2026 | 8.00 Mn |
| Mar 31, 2026 | 5.00 Mn |
| Dec 31, 2025 | 12.20 Mn |
| Sep 30, 2025 | 7.00 Mn |
| Jun 30, 2025 | 7.00 Mn |
| Mar 31, 2025 | 4.00 Mn |
| Dec 31, 2024 | 12.90 Mn |
| Sep 30, 2024 | 7.10 Mn |
| Jun 30, 2024 | 8.90 Mn |
| Mar 31, 2024 | 7.20 Mn |
| Dec 31, 2023 | 8.10 Mn |
| Sep 30, 2023 | 8.10 Mn |
| Jun 30, 2023 | 8.10 Mn |
| Mar 31, 2023 | 8.60 Mn |
| Dec 31, 2022 | 8.30 Mn |
| Sep 30, 2022 | 9.10 Mn |
| Jun 30, 2022 | 7.40 Mn |
| Mar 31, 2022 | 7.00 Mn |
| Dec 31, 2021 | 7.40 Mn |
API Access
Churchill Downs Share-based Compensation API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=share-based-compensation&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "ticker": "CHDN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=share-based-compensation&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();