v3.26.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net revenue:        
Net revenue $ 980 $ 934 $ 1,643 $ 1,577
Operating expense:        
Selling, general and administrative expense 61 61 120 116
Asset impairments, net 0 2 0 2
Transaction expense, net 1 2 2 2
Total operating expense 623 607 1,143 1,115
Operating income 357 327 500 462
Other (expense) income:        
Interest expense, net (70) (75) (142) (147)
Equity in income of unconsolidated affiliates 41 37 77 70
Miscellaneous, net 0 3 6 3
Total other (expense) income (29) (35) (59) (74)
Income from operations before provision for income taxes 328 292 441 388
Income tax provision (86) (74) (116) (93)
Net income 242 218 325 295
Net income attributable to noncontrolling interests 1 1 1 1
Net income attributable to Churchill Downs Incorporated $ 241 $ 217 $ 324 $ 294
Net income attributable to Churchill Downs Incorporated per common share data:        
Basic net income (in dollars per share) $ 3.43 $ 3.02 $ 4.59 $ 4.02
Diluted net income (in dollars per share) $ 3.42 $ 2.99 $ 4.58 $ 3.98
Weighted average shares outstanding:        
Basic (in shares) 70 72 70 73
Diluted (in shares) 70 72 70 73
Live and Historical Racing        
Net revenue:        
Net revenue $ 543 $ 510 $ 840 $ 783
Operating expense:        
Operating expense 268 256 467 446
Wagering Services and Solutions        
Net revenue:        
Net revenue 167 158 276 265
Operating expense:        
Operating expense 96 91 164 158
Gaming        
Net revenue:        
Net revenue 270 266 527 529
Operating expense:        
Operating expense 192 191 380 383
All Other        
Net revenue:        
Net revenue 0 0 0 0
Operating expense:        
Operating expense $ 5 $ 4 $ 10 $ 8