Churchill Downs (CHDN) Tax Rate (2010 - 2026)
Churchill Downs' Tax Rate was 27.93% in Q3 2026, down 8.14 percentage points from 36.07% a year earlier but up 1.71 percentage points from the prior quarter.
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Analysis
Churchill Downs (CHDN) Tax Rate (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Churchill Downs' Tax Rate was 28.16% through Sep 30, 2026, up 3.40 percentage points year-over-year; for FY2025, it came in at 27.59%, up 2.45 percentage points from FY2024.
- Tax Rate shows a four-year change of +0.09 percentage points (FY2021 to FY2025).
- In earlier years, Tax Rate was 25.14% in FY2024 (-0.58 pp), 25.72% in FY2023 (-2.10 pp), 27.83% in FY2022 (+0.32 pp) and 27.50% in FY2021.
- Quarterly Tax Rate has moved between 19.37% (Q4 2021) and 38.25% (Q4 2025) over five years.
- Compared with a year earlier, Tax Rate was higher in five of the last eight quarters, with an average year-over-year change of +3.29 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q4 2025 (a gain of 17.70 percentage points); the worst was Q3 2026 (a drop of 8.14 percentage points).
- Per Business Quant data, CHDN's Tax Rate in the three quarters before Q3 2026 was 26.22% (Q2 2026), 26.55% (Q1 2026) and 38.25% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 22.47% |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | - |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 25.99% |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | - |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 13.23% |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | - |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 15.96% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 20.36% |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 27.93% |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.93% |
| Jun 30, 2026 | 26.22% |
| Mar 31, 2026 | 26.55% |
| Dec 31, 2025 | 38.25% |
| Sep 30, 2025 | 36.07% |
| Jun 30, 2025 | 25.34% |
| Mar 31, 2025 | 19.79% |
| Dec 31, 2024 | 20.55% |
| Sep 30, 2024 | 23.11% |
| Jun 30, 2024 | 28.58% |
| Mar 31, 2024 | 21.02% |
| Dec 31, 2023 | 19.89% |
| Sep 30, 2023 | 25.43% |
| Jun 30, 2023 | 28.21% |
| Mar 31, 2023 | 25.47% |
| Sep 30, 2022 | 22.34% |
| Jun 30, 2022 | 29.30% |
| Mar 31, 2022 | 28.16% |
| Dec 31, 2021 | 19.37% |
| Sep 30, 2021 | 29.99% |
API Access
Churchill Downs Tax Rate 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=tax-rate&ticker=CHDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=CHDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();