Churchill Downs (CHDN) Tax Rate (2010 - 2026)
Churchill Downs' quarterly Tax Rate came in at 26.55% in Q1 2026, up 676.0% year-on-year from 3.42% in Q1 2025, and down 30.46% quarter-over-quarter from 38.18% in Q4 2025.
Churchill Downs has reported Tax Rate for 17 years, with the latest figure at 26.55% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 676.0% year-over-year to 26.55%; the trailing twelve-month figure through Mar 2026 stood at 28.79% (up 382.0% YoY), and the FY2025 full-year result was 27.59%, up 245.0% from the prior year.
- Tax Rate for Q1 2026 stood at 26.55%, down from 38.18% in the prior quarter.
- The five-year high for Tax Rate was 132.26% in Q4 2022, with the low at 19.79% in Q1 2025.
- Average Tax Rate over 5 years is 32.37%, with a median of 25.48% recorded in 2025.
- Year-over-year, Tax Rate surged 11289 bps in 2022 and plunged 11237 bps in 2023.
- Tracing CHDN's Tax Rate over 5 years: stood at 132.26% in 2022, then sank by 85 bps to 19.89% in 2023, then climbed by 3 bps to 20.55% in 2024, then soared by 86 bps to 38.18% in 2025, then plunged by 30 bps to 26.55% in 2026.
- The last three Tax Rate figures came in at 26.55% (Q1 2026), 38.18% (Q4 2025), and 35.95% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 18.39 Bn | 17.30 Bn | 1.84 Bn | 10.68 |
| 2 | DraftKings | 13.23 Bn | 12.22 Bn | 696.69 Mn | 27.79 |
| 3 | Churchill Downs | 6.28 Bn | 6.13 Bn | 475.00 Mn | 26.55 |
| 4 | Rush Street Interactive | 2.60 Bn | 2.43 Bn | 132.17 Mn | 42.74 |
| 5 | Brightstar Lottery | 2.28 Bn | 2.94 Bn | - | - |
| 6 | Accel Entertainment | 1.01 Bn | 735.58 Mn | 109.94 Mn | 26.95 |
| 7 | Codere Online Luxembourg | 490.38 Mn | 420.96 Mn | - | - |
| 8 | Bragg Gaming | 269.74 Mn | 261.99 Mn | 18.22 Mn | -130.02 |
| 9 | Inspired Entertainment | 233.43 Mn | 189.93 Mn | 54.60 Mn | 58.33 |
| 10 | High Roller Technologies | 45.23 Mn | 42.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.55 |
| Mar 31, 2026 | 26.55 |
| Dec 31, 2025 | 38.18 |
| Dec 31, 2025 | 38.18 |
| Sep 30, 2025 | 35.95 |
| Sep 30, 2025 | 35.95 |
| Jun 30, 2025 | 25.48 |
| Jun 30, 2025 | 25.48 |
| Mar 31, 2025 | 19.79 |
| Mar 31, 2025 | 19.79 |
| Dec 31, 2024 | 20.55 |
| Dec 31, 2024 | 20.55 |
| Sep 30, 2024 | 23.11 |
| Sep 30, 2024 | 23.11 |
| Jun 30, 2024 | 28.58 |
| Jun 30, 2024 | 28.58 |
| Mar 31, 2024 | 21.02 |
| Mar 31, 2024 | 21.02 |
| Dec 31, 2023 | 19.89 |
| Dec 31, 2023 | 19.89 |
| Sep 30, 2023 | 25.43 |
| Sep 30, 2023 | 25.43 |
| Jun 30, 2023 | 28.21 |
| Jun 30, 2023 | 28.21 |
| Mar 31, 2023 | 25.47 |
| Mar 31, 2023 | 25.47 |
| Dec 31, 2022 | 132.26 |
| Dec 31, 2022 | 132.26 |
| Sep 30, 2022 | 22.34 |
| Sep 30, 2022 | 22.34 |
| Jun 30, 2022 | 29.30 |
| Jun 30, 2022 | 29.30 |
| Mar 31, 2022 | 28.16 |
| Mar 31, 2022 | 28.16 |
| Dec 31, 2021 | 19.37 |
| Dec 31, 2021 | 19.37 |
| Sep 30, 2021 | 29.99 |
| Sep 30, 2021 | 29.99 |
| Jun 30, 2021 | 27.75 |
| Jun 30, 2021 | 27.75 |
| Mar 31, 2021 | 30.98 |
| Mar 31, 2021 | 30.98 |
| Dec 31, 2020 | 1.80 |
| Dec 31, 2020 | 1.80 |
| Sep 30, 2020 | 24.39 |
| Sep 30, 2020 | 24.39 |
| Jun 30, 2020 | 25.08 |
| Jun 30, 2020 | 25.08 |
| Mar 31, 2020 | 33.92 |
| Mar 31, 2020 | 33.92 |
| Dec 31, 2019 | 46.84 |
| Dec 31, 2019 | 46.84 |
| Sep 30, 2019 | 34.48 |
| Sep 30, 2019 | 34.48 |
| Jun 30, 2019 | 26.28 |
| Jun 30, 2019 | 26.28 |
| Mar 31, 2019 | 35.33 |
| Mar 31, 2019 | 35.33 |
| Dec 31, 2018 | -12.31 |
| Dec 31, 2018 | -12.31 |
| Sep 30, 2018 | 22.36 |
| Sep 30, 2018 | 22.36 |
| Jun 30, 2018 | 24.12 |
| Jun 30, 2018 | 24.12 |
| Mar 31, 2018 | 15.57 |
| Mar 31, 2018 | 15.57 |
| Dec 31, 2017 | 179.26 |
| Dec 31, 2017 | 179.26 |
| Sep 30, 2017 | 44.02 |
| Sep 30, 2017 | 44.02 |
| Jun 30, 2017 | 39.26 |
| Jun 30, 2017 | 39.26 |
| Mar 31, 2017 | 21.43 |
| Mar 31, 2017 | 21.43 |
| Dec 31, 2016 | 6.67 |
| Dec 31, 2016 | 6.67 |
| Sep 30, 2016 | 57.35 |
| Sep 30, 2016 | 57.35 |
| Jun 30, 2016 | 37.40 |
| Jun 30, 2016 | 37.40 |
| Mar 31, 2016 | 380.00 |
| Mar 31, 2016 | 380.00 |
| Dec 31, 2015 | -12.93 |
| Dec 31, 2015 | -12.93 |
| Sep 30, 2015 | 14.29 |
| Sep 30, 2015 | 14.29 |
| Jun 30, 2015 | 45.82 |
| Jun 30, 2015 | 45.82 |
| Mar 31, 2015 | 42.86 |
| Mar 31, 2015 | 42.86 |
| Dec 31, 2014 | 175.00 |
| Dec 31, 2014 | 175.00 |
| Sep 30, 2014 | 19.33 |
| Sep 30, 2014 | 19.33 |
| Jun 30, 2014 | 37.75 |
| Jun 30, 2014 | 37.75 |
| Mar 31, 2014 | 38.49 |
| Mar 31, 2014 | 38.49 |
| Dec 31, 2013 | -66.98 |
| Dec 31, 2013 | -66.98 |
| Sep 30, 2013 | 25.76 |
| Sep 30, 2013 | 25.76 |
| Jun 30, 2013 | 38.15 |
| Jun 30, 2013 | 38.15 |
| Mar 31, 2013 | 23.20 |
| Mar 31, 2013 | 23.20 |
| Dec 31, 2012 | -100.62 |
| Dec 31, 2012 | -100.62 |
| Sep 30, 2012 | 15.50 |
| Sep 30, 2012 | 15.50 |
| Jun 30, 2012 | 39.81 |
| Jun 30, 2012 | 39.81 |
| Mar 31, 2012 | 41.84 |
| Mar 31, 2012 | 41.84 |
| Dec 31, 2011 | 5.22 |
| Dec 31, 2011 | 5.22 |
| Sep 30, 2011 | 29.81 |
| Sep 30, 2011 | 29.81 |
| Jun 30, 2011 | 40.92 |
| Jun 30, 2011 | 40.92 |
| Mar 31, 2011 | 38.78 |
| Mar 31, 2011 | 38.78 |
| Dec 31, 2010 | 28.40 |
| Dec 31, 2010 | 28.40 |
| Sep 30, 2010 | -20.84 |
| Sep 30, 2010 | -20.84 |
| Jun 30, 2010 | 39.84 |
| Jun 30, 2010 | 39.84 |