Churchill Downs (CHDN) Tax Rate (2010 - 2026)
Churchill Downs' Tax Rate was 26.22% in Q2 2026, up 0.88 percentage points from 25.34% a year earlier but down 0.33 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 29.00% through Jun 30, 2026, up 5.71 percentage points year-over-year; for FY2025, it came in at 27.59%, up 2.45 percentage points from FY2024.
- Tax Rate shows a five-year change of +93.84 percentage points (FY2020 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 (+93.75 pp).
- Quarterly Tax Rate has moved between 19.37% (Q4 2021) and 132.26% (Q4 2022) over five years.
- Compared with a year earlier, Tax Rate has increased for four straight quarters, with an average year-over-year change of +4.00 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q4 2022 (a gain of 112.89 percentage points); the worst was Q4 2023 (a drop of 112.37 percentage points).
- Per Business Quant data, CHDN's Tax Rate in the three quarters before Q2 2026 was 26.55% (Q1 2026), 38.18% (Q4 2025) and 35.95% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 19.09% |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | - |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | - |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | 15.96% |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 24.66% |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | 8.15% |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 21.94% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | - |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | - |
| 10 | Churchill Downs | 5.31 Bn | 4.58 Bn | 419.00 Mn | 26.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.22% |
| Mar 31, 2026 | 26.55% |
| Dec 31, 2025 | 38.18% |
| Sep 30, 2025 | 35.95% |
| 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% |
| Jun 30, 2021 | 27.75% |
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();