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
DateValue
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