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    Churchill Downs Inc

    Company overview

    Market capitalization
    $5.28B
    Employees
    6,600
    Latest publication
    2026-09-29
    About Churchill Downs Inc

    Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USDQ4 20232023-12-31 · USDQ3 20232023-09-30 · USD
    Total Revenue980,000,000USD934,400,000USD642,600,000USD624,200,000USD890,700,000USD590,900,000USD561,200,000USD572,500,000USD
    Selling General Administrative61,000,000USD60,900,000USD54,500,000USD65,700,000USD57,400,000USD54,800,000USD60,500,000USD50,200,000USD
    Total Operating Expenses623,000,000USD64,400,000USD54,900,000USD52,900,000USD58,000,000USD58,900,000USD54,800,000USD51,700,000USD
    Operating Income357,000,000USD327,700,000USD134,600,000USD126,800,000USD330,000,000USD126,300,000USD106,200,000USD112,300,000USD
    Total Other Income Expense Net-29,000,000USD-35,700,000USD-38,700,000USD-35,800,000USD-35,700,000USD-24,500,000USD-34,300,000USD-30,500,000USD
    Interest Expense70,000,000USD74,200,000USD72,300,000USD72,800,000USD73,500,000USD70,400,000USD70,600,000USD67,900,000USD
    Net Interest Income-70,000,000USD-74,200,000USD-72,300,000USD-72,800,000USD-73,500,000USD-70,400,000USD-70,600,000USD-67,900,000USD
    Income Before Tax328,000,000USD292,000,000USD95,900,000USD91,000,000USD294,300,000USD101,800,000USD71,900,000USD81,800,000USD
    Income Tax Expense86,000,000USD74,400,000USD18,700,000USD18,700,000USD84,100,000USD21,400,000USD14,300,000USD20,800,000USD
    Equity Method Income Loss41,000,000USD———————
    Net Income242,000,000USD216,900,000USD76,700,000USD71,700,000USD209,300,000USD80,400,000USD57,600,000USD61,000,000USD
    Minority Interest1,000,000USD-700,000USD-500,000USD-600,000USD-900,000USD0USD—0USD
    Net Income Applicable To Common Shares240,000,000USD———————
    Cost Of Revenue—542,300,000USD453,100,000USD444,500,000USD502,700,000USD405,700,000USD400,200,000USD408,500,000USD
    Gross Profit—392,100,000USD189,500,000USD179,700,000USD388,000,000USD185,200,000USD161,000,000USD164,000,000USD
    Unclassified Operating Expenses—3,500,000USD—-25,800,000USD—4,100,000USD-16,900,000USD1,500,000USD
    Tax Provision—74,400,000USD18,700,000USD18,700,000USD84,100,000USD21,400,000USD14,300,000USD20,800,000USD
    Net Income From Continuing Ops—217,600,000USD77,200,000USD72,300,000USD210,200,000USD80,400,000USD57,600,000USD61,000,000USD
    Ebit—366,200,000USD168,200,000USD114,000,000USD367,800,000USD172,200,000USD142,500,000USD149,700,000USD
    Ebitda—425,600,000USD229,000,000USD154,400,000USD418,300,000USD220,500,000USD191,100,000USD193,100,000USD
    Depreciation And Amortization—59,400,000USD60,800,000USD40,400,000USD50,500,000USD48,300,000USD48,600,000USD43,400,000USD
    Reconciled Depreciation—59,400,000USD60,800,000USD54,900,000USD50,500,000USD48,300,000USD48,600,000USD43,400,000USD
    Research Development———13,000,000USD——11,200,000USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USDFY 20172017-12-31 · USD
    Total Revenue2,734,300,000USD2,461,700,000USD1,809,800,000USD1,597,200,000USD1,054,000,000USD1,329,700,000USD1,009,000,000USD882,600,000USD
    Cost Of Revenue1,795,800,000USD1,666,000,000USD1,243,400,000USD1,151,100,000USD860,500,000USD986,700,000USD719,400,000USD629,800,000USD
    Gross Profit938,500,000USD795,700,000USD566,400,000USD446,100,000USD193,500,000USD343,000,000USD289,600,000USD252,800,000USD
    Selling General Administrative237,700,000USD202,300,000USD164,200,000USD138,500,000USD114,800,000USD122,000,000USD90,500,000USD83,100,000USD
    Unclassified Operating Expenses-8,200,000USD18,200,000USD69,700,000USD12,900,000USD9,100,000USD-3,500,000USD-7,300,000USD-16,700,000USD
    Total Operating Expenses229,500,000USD231,700,000USD244,600,000USD161,700,000USD133,300,000USD127,300,000USD90,500,000USD83,900,000USD
    Operating Income709,000,000USD564,000,000USD321,800,000USD284,400,000USD60,200,000USD215,700,000USD188,800,000USD145,700,000USD
    Interest Expense289,800,000USD268,400,000USD147,300,000USD84,700,000USD80,000,000USD70,900,000USD40,100,000USD49,300,000USD
    Net Interest Income-289,800,000USD-268,400,000USD-147,300,000USD-84,700,000USD-80,000,000USD-70,900,000USD-40,100,000USD-49,300,000USD
    Income Before Tax573,200,000USD561,800,000USD608,800,000USD343,600,000USD8,000,000USD196,400,000USD233,900,000USD102,500,000USD
    Income Tax Expense144,100,000USD144,500,000USD169,400,000USD94,500,000USD-5,300,000USD56,800,000USD51,300,000USD-19,900,000USD
    Tax Provision144,100,000USD144,500,000USD169,400,000USD94,500,000USD-5,300,000USD56,800,000USD51,300,000USD-19,900,000USD
    Net Income426,800,000USD417,300,000USD439,400,000USD249,100,000USD-81,900,000USD137,500,000USD352,800,000USD140,500,000USD
    Net Income From Continuing Ops429,100,000USD417,300,000USD439,400,000USD249,100,000USD13,300,000USD139,600,000USD182,400,000USD122,400,000USD
    Ebit863,000,000USD830,200,000USD756,100,000USD428,300,000USD88,000,000USD267,300,000USD274,000,000USD151,800,000USD
    Ebitda1,067,700,000USD1,005,400,000USD875,100,000USD536,800,000USD185,900,000USD368,300,000USD338,000,000USD225,200,000USD
    Depreciation And Amortization204,700,000USD175,200,000USD119,000,000USD108,500,000USD97,900,000USD101,000,000USD64,000,000USD73,400,000USD
    Reconciled Depreciation204,700,000USD175,200,000USD119,000,000USD108,500,000USD97,900,000USD101,000,000USD64,000,000USD114,600,000USD
    Total Other Income Expense Net-135,800,000USD-2,200,000USD287,000,000USD59,200,000USD-52,200,000USD-19,300,000USD45,100,000USD-43,200,000USD
    Minority Interest-2,300,000USD0USD0USD0USD-200,000USD-300,000USD2,700,000USD2,700,000USD
    Research Development—11,200,000USD10,700,000USD10,300,000USD9,400,000USD8,800,000USD7,300,000USD17,500,000USD
    Non Operating Income Net Other——434,300,000USD143,900,000USD27,800,000USD51,600,000USD85,200,000USD6,100,000USD
    Net Income Applicable To Common Shares——439,400,000USD249,100,000USD-81,900,000USD137,500,000USD352,800,000USD140,500,000USD
    Discontinued Operations————-95,400,000USD-2,400,000USD170,200,000USD18,100,000USD
    Interest Income—————20,300,000USD10,500,000USD23,800,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets7,521,000,000USD7,485,000,000USD7,484,500,000USD7,454,800,000USD7,375,700,000USD7,347,100,000USD7,275,900,000USD7,172,500,000USD
    Cash And Equivalents196,000,000USD———————
    Total Current Assets484,000,000USD452,000,000USD443,200,000USD414,900,000USD464,000,000USD452,400,000USD412,300,000USD387,400,000USD
    Other Current Assets60,000,000USD136,000,000USD44,200,000USD144,700,000USD150,600,000USD158,000,000USD112,000,000USD141,500,000USD
    Other Non Current Assets23,000,000USD———————
    Total Liabilities6,130,000,000USD———————
    Total Current Liabilities1,359,000,000USD836,000,000USD733,300,000USD725,200,000USD772,100,000USD846,100,000USD729,300,000USD710,100,000USD
    Other Non Current Liabilities87,000,000USD———————
    Total Stockholder Equity1,341,000,000USD1,096,000,000USD1,009,700,000USD1,034,900,000USD1,041,600,000USD1,071,700,000USD1,083,600,000USD1,097,000,000USD
    Total Equity Including Noncontrolling Interest1,391,000,000USD———————
    Short Long Term Debt1,326,000,000USD63,000,000USD63,100,000USD63,100,000USD63,100,000USD63,100,000USD63,100,000USD63,100,000USD
    Long Term Debt4,110,000,000USD4,865,000,000USD5,067,100,000USD5,043,100,000USD4,942,200,000USD4,813,900,000USD4,844,100,000USD4,770,600,000USD
    Deferred Revenue27,000,000USD———————
    Deferred Revenue Non Current12,000,000USD———————
    Net Receivables129,000,000USD105,000,000USD110,500,000USD89,700,000USD118,400,000USD108,600,000USD113,200,000USD93,200,000USD
    Inventory11,000,000USD11,000,000USD11,900,000USD12,400,000USD12,600,000USD11,600,000USD11,600,000USD—
    Property Plant Equipment Net2,911,000,000USD2,910,000,000USD314,500,000USD2,925,500,000USD2,917,400,000USD2,907,300,000USD2,874,900,000USD2,805,500,000USD
    Goodwill900,000,000USD———————
    Intangible Assets2,513,000,000USD2,516,000,000USD2,515,300,000USD2,517,800,000USD2,406,000,000USD2,406,300,000USD2,409,000,000USD2,411,700,000USD
    Accounts Payable261,000,000USD218,000,000USD184,300,000USD194,000,000USD231,000,000USD207,100,000USD180,300,000USD182,400,000USD
    Common Stock7,000,000USD3,000,000USD—————1,700,000USD
    Retained Earnings1,335,000,000USD1,094,000,000USD1,010,700,000USD1,035,900,000USD1,042,600,000USD1,072,700,000USD1,084,600,000USD1,096,300,000USD
    Total Liab—6,341,000,000USD6,428,700,000USD6,375,700,000USD6,311,600,000USD6,254,000,000USD6,172,600,000USD6,057,600,000USD
    Other Current Liab—389,000,000USD422,800,000USD403,600,000USD384,100,000USD415,700,000USD424,300,000USD430,700,000USD
    Capital Stock—3,000,000USD0USD0USD0USD0USD0USD1,700,000USD
    Good Will—900,000,000USD900,200,000USD900,200,000USD900,200,000USD900,200,000USD900,200,000USD900,200,000USD
    Cash—200,000,000USD288,500,000USD180,500,000USD182,400,000USD174,200,000USD175,500,000USD152,700,000USD
    Cash And Short Term Investments—200,000,000USD288,500,000USD180,500,000USD182,400,000USD174,200,000USD175,500,000USD152,700,000USD
    Current Deferred Revenue—158,000,000USD54,700,000USD27,800,000USD17,500,000USD146,800,000USD52,900,000USD26,800,000USD
    Net Debt—4,736,000,000USD4,908,500,000USD4,934,400,000USD4,831,700,000USD4,711,400,000USD4,740,400,000USD4,681,000,000USD
    Short Term Debt—71,000,000USD71,500,000USD71,800,000USD71,900,000USD71,700,000USD71,800,000USD63,100,000USD
    Short Long Term Debt Total—4,936,000,000USD5,197,000,000USD5,114,900,000USD5,014,100,000USD4,885,600,000USD4,915,900,000USD4,833,700,000USD
    Long Term Investments—685,000,000USD684,600,000USD674,900,000USD668,800,000USD663,100,000USD661,200,000USD650,200,000USD
    Accumulated Other Comprehensive Income—-1,000,000USD-1,000,000USD-1,000,000USD-1,000,000USD-1,000,000USD-1,000,000USD-1,000,000USD
    Common Stock Shares Outstanding—70,000,000shares71,800,000shares71,000,000shares72,300,000shares74,400,000shares74,600,000shares74,600,000shares
    Non Current Assets Total—7,033,000,000USD7,041,300,000USD7,039,900,000USD6,911,700,000USD6,894,700,000USD6,863,600,000USD6,785,100,000USD
    Non Current Liabilities Total—5,505,000,000USD5,695,400,000USD5,650,500,000USD5,539,500,000USD5,407,900,000USD5,443,300,000USD5,347,500,000USD
    Non Current Liabilities Other—86,000,000USD93,000,000USD98,100,000USD142,700,000USD141,200,000USD146,500,000USD139,000,000USD
    Non Currrent Assets Other—22,000,000USD2,626,700,000USD21,500,000USD19,300,000USD17,800,000USD18,300,000USD17,500,000USD
    Net Working Capital—-384,000,000USD-290,100,000USD-310,300,000USD-308,100,000USD-393,700,000USD-317,000,000USD-322,700,000USD
    Unclassified Current Liabilities—-63,000,000USD-63,100,000USD-35,100,000USD—-58,300,000USD-63,100,000USD-56,000,000USD
    Unclassified Non Current Liabilities—554,000,000USD535,300,000USD509,300,000USD454,600,000USD452,800,000USD452,700,000USD437,900,000USD
    Other Assets——374,200,000USD—————
    Property Plant Equipment Gross——4,296,600,000USD———4,043,500,000USD—
    Unclassified Current Assets——-11,900,000USD-12,400,000USD————
    Unclassified Non Current Assets——-374,200,000USD—————
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets7,484,500,000USD7,275,900,000USD6,955,500,000USD6,206,800,000USD2,981,600,000USD2,686,400,000USD2,551,000,000USD1,725,200,000USD
    Intangible Assets2,515,300,000USD2,409,000,000USD2,418,400,000USD2,391,800,000USD348,100,000USD350,600,000USD369,800,000USD264,000,000USD
    Other Current Assets44,200,000USD112,000,000USD119,600,000USD119,200,000USD101,900,000USD81,800,000USD73,200,000USD62,400,000USD
    Total Liab6,428,700,000USD6,172,600,000USD6,061,900,000USD5,655,300,000USD2,674,800,000USD2,319,300,000USD2,040,000,000USD1,251,900,000USD
    Total Stockholder Equity1,009,700,000USD1,083,600,000USD893,600,000USD551,500,000USD306,800,000USD367,100,000USD508,300,000USD473,300,000USD
    Other Current Liab422,800,000USD424,300,000USD448,300,000USD388,000,000USD257,800,000USD316,700,000USD196,900,000USD157,700,000USD
    Capital Stock0USD0USD0USD0USD0USD18,200,000USD0USD0USD
    Retained Earnings1,010,700,000USD1,084,600,000USD894,500,000USD552,400,000USD307,700,000USD349,800,000USD509,200,000USD474,200,000USD
    Good Will900,200,000USD900,200,000USD899,900,000USD723,800,000USD366,800,000USD366,800,000USD367,100,000USD338,000,000USD
    Other Assets374,200,000USD6,538,000,000USD—109,000,000USD106,700,000USD653,000,000USD21,100,000USD16,100,000USD
    Cash288,500,000USD175,500,000USD144,500,000USD129,800,000USD291,300,000USD67,400,000USD96,200,000USD133,300,000USD
    Cash And Short Term Investments288,500,000USD175,500,000USD144,500,000USD129,800,000USD291,300,000USD67,400,000USD96,200,000USD133,300,000USD
    Total Current Assets443,200,000USD412,300,000USD400,800,000USD344,500,000USD501,500,000USD235,100,000USD221,200,000USD241,500,000USD
    Total Current Liabilities733,300,000USD729,300,000USD755,800,000USD621,600,000USD395,000,000USD424,200,000USD301,200,000USD256,600,000USD
    Current Deferred Revenue54,700,000USD52,900,000USD73,200,000USD39,000,000USD47,700,000USD32,800,000USD42,500,000USD47,900,000USD
    Net Debt4,908,500,000USD4,740,400,000USD4,699,600,000USD4,475,900,000USD1,676,700,000USD1,554,900,000USD1,377,700,000USD751,000,000USD
    Short Term Debt71,500,000USD71,800,000USD75,800,000USD47,000,000USD7,000,000USD4,000,000USD4,000,000USD4,000,000USD
    Short Long Term Debt63,100,000USD63,100,000USD68,000,000USD47,000,000USD7,000,000USD4,000,000USD4,000,000USD4,000,000USD
    Short Long Term Debt Total5,197,000,000USD4,915,900,000USD4,844,100,000USD4,605,700,000USD1,968,000,000USD1,622,300,000USD1,473,900,000USD884,300,000USD
    Long Term Debt5,067,100,000USD4,844,100,000USD4,768,300,000USD2,477,100,000USD1,292,400,000USD1,087,800,000USD1,085,900,000USD493,000,000USD
    Long Term Investments684,600,000USD661,200,000USD655,900,000USD659,400,000USD663,600,000USD630,600,000USD634,500,000USD108,100,000USD
    Net Receivables110,500,000USD113,200,000USD119,500,000USD95,500,000USD108,300,000USD85,900,000USD51,800,000USD45,800,000USD
    Inventory11,900,000USD11,600,000USD17,200,000USD74,900,000USD64,300,000USD53,600,000USD46,300,000USD40,000,000USD
    Accounts Payable184,300,000USD180,300,000USD158,500,000USD145,500,000USD81,600,000USD70,700,000USD57,800,000USD47,000,000USD
    Property Plant Equipment Net314,500,000USD2,874,900,000USD2,561,200,000USD1,978,300,000USD994,900,000USD1,082,100,000USD937,300,000USD757,500,000USD
    Property Plant Equipment Gross4,296,600,000USD4,043,500,000USD3,549,600,000USD2,815,400,000USD1,731,600,000USD1,082,100,000USD937,300,000USD757,500,000USD
    Accumulated Other Comprehensive Income-1,000,000USD-1,000,000USD-900,000USD-900,000USD-900,000USD-900,000USD-900,000USD-900,000USD
    Common Stock Shares Outstanding71,400,000shares74,600,000shares76,100,000shares77,000,000shares78,400,000shares79,200,000shares81,200,000shares83,200,000shares
    Non Current Assets Total7,041,300,000USD6,863,600,000USD6,554,700,000USD5,862,300,000USD2,480,100,000USD2,451,300,000USD2,329,800,000USD1,483,700,000USD
    Non Current Liabilities Total5,695,400,000USD5,443,300,000USD5,306,100,000USD5,033,700,000USD2,279,800,000USD1,895,100,000USD1,738,800,000USD995,300,000USD
    Non Current Liabilities Other93,000,000USD146,500,000USD137,800,000USD2,215,800,000USD734,500,000USD593,400,000USD440,100,000USD403,000,000USD
    Non Currrent Assets Other2,626,700,000USD18,300,000USD19,300,000USD109,000,000USD106,700,000USD21,200,000USD21,100,000USD16,100,000USD
    Net Working Capital-290,100,000USD-317,000,000USD-355,000,000USD-277,100,000USD106,500,000USD-189,100,000USD-80,000,000USD-15,100,000USD
    Unclassified Current Assets-11,900,000USD——-74,900,000USD-64,300,000USD-683,600,000USD-46,300,000USD-40,000,000USD
    Unclassified Non Current Assets-374,200,000USD-6,538,000,000USD—-109,000,000USD-106,700,000USD-653,000,000USD—-16,100,000USD
    Unclassified Current Liabilities-63,100,000USD-63,100,000USD-68,000,000USD-44,900,000USD-6,100,000USD—-4,000,000USD-4,000,000USD
    Unclassified Non Current Liabilities535,300,000USD452,700,000USD400,000,000USD-433,800,000USD-286,500,000USD-276,800,000USD-247,700,000USD-115,000,000USD
    Deferred Long Term Liab———340,800,000USD252,900,000USD213,900,000USD212,800,000USD99,300,000USD
    Other Liab———433,800,000USD286,500,000USD276,800,000USD247,700,000USD115,000,000USD
    Net Tangible Assets———-2,564,100,000USD-408,100,000USD-350,300,000USD-228,600,000USD-128,700,000USD
    Common Stock—————18,200,000USD——
    Short Term Investments—————630,000,000USD——
    Unclassified Equity—————-18,200,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation115,000,000USD
    Stock Based Compensation13,000,000USD
    Other Non Cash Items-5,000,000USD
    Change In Working Capital24,000,000USD
    Operating Cash Flow512,000,000USD
    Other Investing Activities2,000,000USD
    Unclassified Investing Cash Flow-121,000,000USD
    Investing Cash Flow-119,000,000USD
    Net Debt Issuance646,000,000USD
    Net Common Stock Issuance-3,000,000USD
    Common Dividends Paid-31,000,000USD
    Other Financing Activities-1,000,000USD
    Unclassified Financing Cash Flow-998,000,000USD
    Financing Cash Flow-387,000,000USD
    Change In Cash6,000,000USD
    End Cash Flow295,000,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USD
    Net Income83,000,000USD51,500,000USD39,200,000USD217,600,000USD77,200,000USD66,200,000USD210,200,000USD80,400,000USD
    Depreciation58,000,000USD61,200,000USD58,100,000USD59,400,000USD60,800,000USD51,000,000USD50,500,000USD48,300,000USD
    Stock Based Compensation5,000,000USD12,000,000USD7,400,000USD7,200,000USD3,600,000USD7,100,000USD8,900,000USD7,200,000USD
    Other Non Cash Items2,000,000USD-161,900,000USD43,000,000USD-1,600,000USD400,000USD6,900,000USD3,100,000USD8,900,000USD
    Change In Working Capital128,000,000USD104,500,000USD-14,600,000USD-46,500,000USD104,500,000USD28,300,000USD-69,500,000USD105,000,000USD
    Total Cash From Operating Activities295,000,000USD96,000,000USD187,700,000USD239,600,000USD246,500,000USD169,400,000USD218,000,000USD254,700,000USD
    Capital Expenditures-59,000,000USD-50,300,000USD-59,800,000USD-84,700,000USD-80,100,000USD-125,600,000USD-137,000,000USD-155,000,000USD
    Free Cash Flow236,000,000USD45,700,000USD127,900,000USD154,900,000USD166,400,000USD43,800,000USD81,000,000USD99,700,000USD
    Total Cashflows From Investing Activities-61,000,000USD-50,100,000USD-255,300,000USD-86,000,000USD-80,100,000USD-125,700,000USD-136,700,000USD-153,400,000USD
    Net Borrowings-198,000,000USD21,700,000USD102,600,000USD116,900,000USD-27,100,000USD-36,300,000USD——
    Total Cash From Financing Activities-232,000,000USD-25,900,000USD50,500,000USD-139,200,000USD-147,900,000USD-43,200,000USD-72,400,000USD-101,100,000USD
    Dividends Paid-31,000,000USD-600,000USD0USD-100,000USD-30,100,000USD-100,000USD-200,000USD-28,600,000USD
    Sale Purchase Of Stock-3,000,000USD-32,000,000USD-54,900,000USD-254,500,000USD-86,400,000USD-4,000,000USD-13,000,000USD-141,700,000USD
    Change In Cash2,000,000USD20,000,000USD-17,100,000USD14,400,000USD18,500,000USD500,000USD8,900,000USD200,000USD
    Begin Period Cash Flow289,000,000USD268,500,000USD285,600,000USD271,200,000USD252,700,000USD230,900,000USD222,000,000USD221,800,000USD
    End Period Cash Flow291,000,000USD288,500,000USD268,500,000USD285,600,000USD271,200,000USD231,400,000USD230,900,000USD222,000,000USD
    Other Cashflows From Investing Activities-2,000,000USD200,000USD-10,200,000USD-1,300,000USD-80,100,000USD-100,000USD300,000USD1,600,000USD
    Other Cashflows From Financing Activities-3,000,000USD-15,000,000USD3,100,000USD-1,500,000USD-4,300,000USD-3,000,000USD-700,000USD-11,000,000USD
    Unclassified Operating Cash Flow19,000,000USD28,700,000USD54,600,000USD3,500,000USD—9,900,000USD14,800,000USD4,900,000USD
    Unclassified Financing Cash Flow3,000,000USD—————-58,500,000USD80,200,000USD
    Investments——-255,300,000USD-86,000,000USD-80,100,000USD-125,700,000USD-136,700,000USD-153,400,000USD
    Unclassified Investing Cash Flow——70,000,000USD86,000,000USD160,200,000USD125,700,000USD136,700,000USD153,400,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income385,500,000USD429,100,000USD417,300,000USD439,400,000USD249,100,000USD-82,100,000USD137,200,000USD352,800,000USD
    Depreciation239,500,000USD204,700,000USD175,200,000USD119,000,000USD108,500,000USD97,900,000USD101,000,000USD64,000,000USD
    Stock Based Compensation30,200,000USD36,100,000USD32,900,000USD31,800,000USD27,800,000USD23,700,000USD23,800,000USD21,100,000USD
    Other Non Cash Items32,900,000USD8,400,000USD-74,700,000USD-198,700,000USD-137,200,000USD25,000,000USD-9,700,000USD-285,800,000USD
    Change In Working Capital-5,100,000USD49,900,000USD7,700,000USD36,600,000USD77,500,000USD76,300,000USD5,800,000USD9,200,000USD
    Total Cash From Operating Activities769,800,000USD772,700,000USD605,800,000USD536,800,000USD335,500,000USD141,900,000USD289,600,000USD197,800,000USD
    Capital Expenditures-274,900,000USD-547,000,000USD-676,500,000USD-456,800,000USD-91,800,000USD-234,200,000USD-163,300,000USD-149,400,000USD
    Free Cash Flow494,900,000USD225,700,000USD-70,700,000USD80,000,000USD243,700,000USD-92,300,000USD126,300,000USD48,400,000USD
    Total Cashflows From Investing Activities-471,500,000USD-545,200,000USD-718,000,000USD-3,103,700,000USD-100,400,000USD-239,400,000USD-781,200,000USD824,100,000USD
    Net Borrowings214,100,000USD53,800,000USD237,100,000USD2,643,000,000USD332,500,000USD144,400,000USD587,100,000USD-301,500,000USD
    Total Cash From Financing Activities-262,500,000USD-196,600,000USD129,300,000USD2,416,000,000USD-500,000USD76,000,000USD460,800,000USD-933,300,000USD
    Dividends Paid-30,800,000USD-29,200,000USD-27,100,000USD-26,000,000USD-24,800,000USD-23,400,000USD-22,200,000USD-23,700,000USD
    Sale Purchase Of Stock-427,800,000USD-186,000,000USD-55,900,000USD-174,900,000USD-297,500,000USD-28,400,000USD-95,000,000USD-547,000,000USD
    Change In Cash35,800,000USD30,900,000USD17,100,000USD-150,900,000USD234,600,000USD-21,500,000USD-30,800,000USD87,800,000USD
    Begin Period Cash Flow252,700,000USD221,800,000USD204,700,000USD355,600,000USD121,000,000USD142,500,000USD173,300,000USD85,500,000USD
    End Period Cash Flow288,500,000USD252,700,000USD221,800,000USD204,700,000USD355,600,000USD121,000,000USD142,500,000USD173,300,000USD
    Other Cashflows From Investing Activities-11,300,000USD1,800,000USD199,800,000USD271,600,000USD-8,600,000USD-5,200,000USD-1,200,000USD-10,300,000USD
    Other Cashflows From Financing Activities-17,700,000USD-35,200,000USD-24,800,000USD-53,400,000USD-17,600,000USD-31,300,000USD-18,000,000USD-77,500,000USD
    Unclassified Operating Cash Flow86,800,000USD44,500,000USD47,400,000USD108,700,000USD9,800,000USD—31,500,000USD36,500,000USD
    Unclassified Investing Cash Flow-185,300,000USD545,200,000USD3,304,900,000USD185,200,000USD100,400,000USD239,400,000USD-206,600,000USD159,700,000USD
    Investments—-545,200,000USD-3,546,200,000USD-3,103,700,000USD-100,400,000USD-239,400,000USD-410,100,000USD824,100,000USD
    Change To Liabilities———15,500,000USD23,600,000USD81,400,000USD-6,800,000USD3,500,000USD
    Cash And Cash Equivalents Changes———-176,900,000USD358,600,000USD-21,500,000USD-30,800,000USD87,800,000USD
    Unclassified Financing Cash Flow———27,300,000USD6,900,000USD14,700,000USD8,900,000USD16,400,000USD
    Issuance Of Capital Stock———————1,500,000USD
    Exchange Rate Changes———————-800,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30SegmentGaming270,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentLive And Historical Racing543,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentWagering Services And Solutions167,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentGaming257,000,000USD0000020212-26-000043
    Q1 2026Quarterly · 2026-03-31SegmentLive And Historical Racing297,000,000USD0000020212-26-000043
    Q1 2026Quarterly · 2026-03-31SegmentWagering Services And Solutions109,000,000USD0000020212-26-000043
    Q1 2026Quarterly · 2026-03-31ProductLive And Historical Racing297,000,000USD0000020212-26-000043
    Q1 2026Quarterly · 2026-03-31ProductPari Mutuel Live And Simulcast Racing102,000,000USD0000020212-26-000043
    Q1 2026Quarterly · 2026-03-31ProductProduct And Service Other153,000,000USD0000020212-26-000043
    Q1 2026Quarterly · 2026-03-31ProductRacing Event Related Services2,000,000USD0000020212-26-000043
    Q1 2026Quarterly · 2026-03-31ProductWagering Services And Solutions109,000,000USD0000020212-26-000043
    Q4 2025Quarterly · 2025-12-31SegmentGaming248,900,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentLive And Historical Racing311,800,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentWagering Services And Solutions104,800,000USDLegacy provider
    FY 2025Yearly · 2025-12-31SegmentGaming1,042,900,000USD0000020212-26-000025
    FY 2025Yearly · 2025-12-31SegmentLive And Historical Racing1,394,700,000USD0000020212-26-000025
    FY 2025Yearly · 2025-12-31SegmentWagering Services And Solutions488,200,000USD0000020212-26-000025
    Q3 2025Quarterly · 2025-09-30SegmentGaming265,000,000USD0000020212-25-000135
    Q3 2025Quarterly · 2025-09-30SegmentLive And Historical Racing300,000,000USD0000020212-25-000135
    Q3 2025Quarterly · 2025-09-30SegmentWagering Services And Solutions118,000,000USD0000020212-25-000135
    Q2 2025Quarterly · 2025-06-30SegmentGaming266,000,000USD0000020212-25-000104
    Q2 2025Quarterly · 2025-06-30SegmentLive And Historical Racing509,900,000USD0000020212-25-000104
    Q2 2025Quarterly · 2025-06-30SegmentWagering Services And Solutions158,400,000USD0000020212-25-000104
    Q1 2025Quarterly · 2025-03-31SegmentGaming263,000,000USD0000020212-26-000043
    Q1 2025Quarterly · 2025-03-31SegmentLive And Historical Racing273,000,000USD0000020212-26-000043
    Q1 2025Quarterly · 2025-03-31SegmentWagering Services And Solutions107,000,000USD0000020212-26-000043
    Q4 2024Quarterly · 2024-12-31SegmentGaming256,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentLive And Historical Racing268,300,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentWagering Services And Solutions99,900,000USDLegacy provider
    FY 2024Yearly · 2024-12-31SegmentGaming1,039,100,000USD0000020212-26-000025
    FY 2024Yearly · 2024-12-31SegmentLive And Historical Racing1,225,600,000USD0000020212-26-000025
    FY 2024Yearly · 2024-12-31SegmentWagering Services And Solutions469,500,000USD0000020212-26-000025
    Q3 2024Quarterly · 2024-09-30SegmentGaming269,700,000USD0000020212-25-000135
    Q3 2024Quarterly · 2024-09-30SegmentLive And Historical Racing247,500,000USD0000020212-25-000135
    Q3 2024Quarterly · 2024-09-30SegmentWagering Services And Solutions111,300,000USD0000020212-25-000135
    FY 2023Yearly · 2023-12-31SegmentGaming968,600,000USD0000020212-26-000025
    FY 2023Yearly · 2023-12-31SegmentLive And Historical Racing1,047,300,000USD0000020212-26-000025
    FY 2023Yearly · 2023-12-31SegmentWagering Services And Solutions444,900,000USD0000020212-26-000025
    FY 2022Yearly · 2022-12-31SegmentGaming755,900,000USD0000020212-25-000051
    FY 2022Yearly · 2022-12-31SegmentLive And Historical Racing614,600,000USD0000020212-25-000051
    FY 2022Yearly · 2022-12-31SegmentWagering Services And Solutions436,400,000USD0000020212-25-000051
    FY 2021Yearly · 2021-12-31SegmentGaming695,400,000USD0000020212-24-000055
    FY 2021Yearly · 2021-12-31SegmentLive And Historical Racing409,100,000USD0000020212-24-000055
    FY 2021Yearly · 2021-12-31SegmentTwin Spires451,400,000USD0000020212-24-000055
    FY 2020Yearly · 2020-12-31SegmentGaming437,800,000USD0000020212-22-000056
    FY 2020Yearly · 2020-12-31SegmentLive And Historical Racing188,800,000USD0000020212-22-000056
    FY 2020Yearly · 2020-12-31SegmentOther11,400,000USD0000020212-22-000056
    FY 2020Yearly · 2020-12-31SegmentTwin Spires416,000,000USD0000020212-22-000056
    Q1 2020Quarterly · 2020-03-31ProductGaming122,300,000USD0000020212-20-000058
    Q1 2020Quarterly · 2020-03-31ProductPari Mutuel Historical Racing20,400,000USD0000020212-20-000058
    Q1 2020Quarterly · 2020-03-31ProductPari Mutuel Live And Simulcast Racing84,700,000USD0000020212-20-000058
    Q1 2020Quarterly · 2020-03-31ProductProduct And Service Other24,100,000USD0000020212-20-000058
    Q1 2020Quarterly · 2020-03-31ProductRacing Event Related Services1,400,000USD0000020212-20-000058
    FY 2019Yearly · 2019-12-31SegmentGaming689,700,000USD0000020212-22-000056
    FY 2019Yearly · 2019-12-31SegmentLive And Historical Racing292,200,000USD0000020212-22-000056
    FY 2019Yearly · 2019-12-31SegmentOther51,100,000USD0000020212-22-000056
    FY 2019Yearly · 2019-12-31SegmentTwin Spires296,700,000USD0000020212-22-000056
    FY 2019Yearly · 2019-12-31ProductGaming585,800,000USD0000020212-20-000019
    FY 2019Yearly · 2019-12-31ProductPari Mutuel Historical Racing81,600,000USD0000020212-20-000019
    FY 2019Yearly · 2019-12-31ProductPari Mutuel Live And Simulcast Racing407,900,000USD0000020212-20-000019
    FY 2019Yearly · 2019-12-31ProductProduct And Service Other126,000,000USD0000020212-20-000019
    FY 2019Yearly · 2019-12-31ProductRacing Event Related Services128,400,000USD0000020212-20-000019
    Q3 2019Quarterly · 2019-09-30ProductGaming — Churchill Downs31,400,000USD0000020212-20-000099
    Q3 2019Quarterly · 2019-09-30ProductGaming — Pari Mutuel Historical Racing21,300,000USD0000020212-20-000099
    Q3 2019Quarterly · 2019-09-30ProductGaming — Pari Mutuel Live And Simulcast Racing93,700,000USD0000020212-20-000099
    Q3 2019Quarterly · 2019-09-30ProductGaming — Product And Service Other84,200,000USD0000020212-20-000099
    Q3 2019Quarterly · 2019-09-30ProductGaming — Racing Event Related Services5,500,000USD0000020212-20-000099
    Q3 2019Quarterly · 2019-09-30ProductOnline Wagering70,200,000USD0000020212-20-000099
    Q1 2019Quarterly · 2019-03-31ProductGaming146,700,000USD0000020212-20-000058
    Q1 2019Quarterly · 2019-03-31ProductPari Mutuel Historical Racing17,700,000USD0000020212-20-000058
    Q1 2019Quarterly · 2019-03-31ProductPari Mutuel Live And Simulcast Racing81,600,000USD0000020212-20-000058
    Q1 2019Quarterly · 2019-03-31ProductProduct And Service Other17,900,000USD0000020212-20-000058
    Q1 2019Quarterly · 2019-03-31ProductRacing Event Related Services1,500,000USD0000020212-20-000058
    FY 2018Yearly · 2018-12-31SegmentAll Other Segments60,200,000USD0000020212-19-000012
    FY 2018Yearly · 2018-12-31SegmentCasino411,200,000USD0000020212-19-000012
    FY 2018Yearly · 2018-12-31SegmentCorporate-26,900,000USD0000020212-19-000012
    FY 2018Yearly · 2018-12-31SegmentOnline Wagering290,200,000USD0000020212-19-000012
    FY 2018Yearly · 2018-12-31SegmentRacing274,300,000USD0000020212-19-000012
    FY 2018Yearly · 2018-12-31ProductGaming365,900,000USD0000020212-20-000019
    FY 2018Yearly · 2018-12-31ProductPari Mutuel Historical Racing13,800,000USD0000020212-20-000019
    FY 2018Yearly · 2018-12-31ProductPari Mutuel Live And Simulcast Racing403,500,000USD0000020212-20-000019
    FY 2018Yearly · 2018-12-31ProductProduct And Service Other100,900,000USD0000020212-20-000019
    FY 2018Yearly · 2018-12-31ProductRacing Event Related Services124,900,000USD0000020212-20-000019
    FY 2017Yearly · 2017-12-31ProductGaming315,600,000USD0000020212-20-000019
    FY 2017Yearly · 2017-12-31ProductPari Mutuel Historical Racing0USD0000020212-20-000019
    FY 2017Yearly · 2017-12-31ProductPari Mutuel Live And Simulcast Racing363,500,000USD0000020212-20-000019
    FY 2017Yearly · 2017-12-31ProductProduct And Service Other92,400,000USD0000020212-20-000019
    FY 2017Yearly · 2017-12-31ProductRacing Event Related Services111,100,000USD0000020212-20-000019

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.