Churchill Downs (CHDN) Share-based Compensation (2010 - 2026)
Churchill Downs (CHDN) recorded quarterly Share-based Compensation of $5.0 million in Q1 2026, down 58.33% quarter-over-quarter from $12.0 million in Q4 2025, and up 25.0% on a YoY basis from $4.0 million in Q1 2025.
Churchill Downs (CHDN) Share-based Compensation (2010 - 2026) Analysis & Trends
Churchill Downs' Share-based Compensation history runs 17 years deep, the most recent figure standing at $5.0 million for Q1 2026.
- In Q1 2026, Share-based Compensation rose 25.0% year-over-year to $5.0 million; the TTM figure through Mar 2026 stood at $31.6 million (down 3.95% YoY), while the FY2025 annual figure was $30.2 million, down 16.34% from the prior year.
- Share-based Compensation was $5.0 million for Q1 2026 at Churchill Downs, down from $12.0 million in the prior quarter.
- In the past five years, Share-based Compensation ranged from a high of $12.9 million in Q4 2024 to a low of $4.0 million in Q1 2025.
- Historically, Share-based Compensation has averaged $8.0 million across 5 years, with a median of $8.1 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Share-based Compensation surged 59.26% in 2024, then plunged 44.44% in 2025.
- A 5-year view of Share-based Compensation shows it stood at $8.3 million in 2022, then declined by 2.41% to $8.1 million in 2023, then soared by 59.26% to $12.9 million in 2024, then declined by 6.98% to $12.0 million in 2025, then plunged by 58.33% to $5.0 million in 2026.
- The last three Share-based Compensation figures came in at $5.0 million (Q1 2026), $12.0 million (Q4 2025), and $7.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 53.00 Mn |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 65.22 Mn |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | 5.00 Mn |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | 6.69 Mn |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | - |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | 2.50 Mn |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | 3.46 Mn |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | 1.40 Mn |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.00 Mn |
| Mar 31, 2026 | 5.00 Mn |
| Dec 31, 2025 | 12.00 Mn |
| Dec 31, 2025 | 12.00 Mn |
| Sep 30, 2025 | 7.40 Mn |
| Sep 30, 2025 | 7.40 Mn |
| Jun 30, 2025 | 7.20 Mn |
| Jun 30, 2025 | 7.20 Mn |
| Mar 31, 2025 | 4.00 Mn |
| Mar 31, 2025 | 4.00 Mn |
| Dec 31, 2024 | 12.90 Mn |
| Dec 31, 2024 | 12.90 Mn |
| Sep 30, 2024 | 7.10 Mn |
| Sep 30, 2024 | 7.10 Mn |
| Jun 30, 2024 | 8.90 Mn |
| Jun 30, 2024 | 8.90 Mn |
| Mar 31, 2024 | 7.20 Mn |
| Mar 31, 2024 | 7.20 Mn |
| Dec 31, 2023 | 8.10 Mn |
| Dec 31, 2023 | 8.10 Mn |