CHDN
Churchill Downs IncorporatedNASDAQ
Consumer Cyclical • Gambling
Factor tilt: Mid-Cap Blend
$97.94-0.24%
Close Nov 6, 2026
- Market cap
- $6.86B
- 1 month
- +28.6%
- 3 months
- +13.4%
- 1 year
- -1.1%
- 52-week range
- $73.95$117.59
- Dividend, last 12 mo
- $0.438 · 0.45% yield
- Last ex-date
- Dec 5, 2025 · $0.438
- Dividend growth
- 15+ years in a row
- Short interest
- 8.4% of float5.5M shares · settled Oct 15, 2026 · +11.4% since Sep 30, 2026 · FINRA
Fundamentals · trailing 12 months to Sep 30, 2026
- Revenue
- $3B
- Net income
- $451.8M
- Free cash flow
- $529.7M
- Book value
- $1.38B
- Total debt
- $4.73B
- P/E
- 15.2×
- Price / sales
- 2.3×
- Price / book
- 5×
- FCF yield
- +7.7%
- Net margin
- +15.0%
EODHD (TTM) · as of Nov 6, 2026
End-of-day close from stored market data, not a live quote.
About Churchill Downs Incorporated
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.
Read more
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.
- Headquarters
- Louisville, KY, United States
- Employees
- 6,600
- Listed
- Mar 29, 1993
- Fiscal year ends
- December
Company profile from EODHD, stored Oct 30, 2026.
Quarterly results
The last 8 fiscal quarters as reported (EODHD). Year over year compares the same quarter a year earlier.
| Quarter | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Sep 2026filed Oct 28, 2026 | $696.0M | +1.9% | 29.7% | $143.0M | $80.0M |
| Jun 2026filed Jul 29, 2026 | $980.0M | +4.9% | 51.9% | $357.0M | $241.0M |
| Mar 2026filed Apr 22, 2026 | $663.0M | +3.2% | 30.6% | $144.0M | $81.0M |
| Dec 2025filed Feb 25, 2026 | $665.9M | +6.7% | 29.5% | $125.2M | $49.8M |
| Sep 2025filed Oct 22, 2025 | $683.0M | +8.7% | 29.9% | $98.0M | $37.9M |
| Jun 2025filed Jul 23, 2025 | $934.4M | +4.9% | 42.0% | $327.7M | $216.9M |
| Mar 2025filed Apr 23, 2025 | $642.6M | +8.7% | 29.5% | $134.6M | $76.7M |
| Dec 2024filed Feb 20, 2025 | $624.2M | +11.2% | 28.8% | $126.8M | $71.7M |
Fiscal years · last 6
| Fiscal year | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Dec 2025filed Feb 25, 2026 | $2.9B | +7.0% | 33.6% | $736.4M | $379.7M |
| Dec 2024filed Feb 20, 2025 | $2.7B | +11.1% | 34.3% | $709.0M | $426.8M |
| Dec 2023filed Feb 21, 2024 | $2.5B | +36.0% | 32.3% | $564.0M | $417.3M |
| Dec 2022filed Feb 22, 2023 | $1.8B | +13.3% | 31.3% | $321.8M | $439.4M |
| Dec 2021filed Feb 23, 2022 | $1.6B | +51.5% | 27.9% | $284.4M | $249.1M |
| Dec 2020filed Feb 24, 2021 | $1.1B | -20.7% | 18.4% | $60.2M | -$81.9M |
Short-interest history
FINRA reports open short positions for a settlement date. The publication date is later. These are reported positions, with a separate date for each observation.
Compare the reported short exposure around the dates you bought, sold or watched CHDN. A long position benefits from price rises; a short position benefits from falls. A change in these counts does not predict either move.
Settlement Oct 15, 2026
5,495,515 shares short
+561,906 shares (+11.4%) vs Sep 30, 2026
8.4% of the stored float. Published Oct 26, 2026.
Settlement Sep 30, 2026
4,933,609 shares short
+522,725 shares (+11.9%) vs Sep 15, 2026
7.5% of the stored float. Published Oct 9, 2026.
Settlement Sep 15, 2026
4,410,884 shares short
+258,740 shares (+6.2%) vs Aug 31, 2026
Share of float unavailable. Published Sep 24, 2026.
Settlement Aug 31, 2026
4,152,144 shares short
+532,391 shares (+14.7%) vs Aug 14, 2026
6.3% of the stored float. Published Sep 10, 2026.
Settlement Aug 14, 2026
3,619,753 shares short
-54,202 shares (-1.5%) vs Jul 31, 2026
5.5% of the stored float. Published Aug 25, 2026.
Settlement Jul 31, 2026
3,673,955 shares short
-231,436 shares (-5.9%) vs Jul 15, 2026
5.6% of the stored float. Published Aug 11, 2026.
Change = this settlement’s shares short − the previous recorded settlement’s shares short; percentage change divides by that earlier count. A zero earlier count has no percentage change. Split-spanning counts are left uncompared. Float percentages use the stored settlement observation, not today’s float.
Source: stored FINRA equity short-interest records, up to six settlements from the last 240 days. FINRA data and reporting dates · How to read short interest
Dividends and stock splits
See the recorded cash amounts and dates behind CHDN’s income, and the splits that change its share count. Dates below are stored event records, not confirmation of a payment to your account.
Cash-dividend records
USD 0.469 per share
Ex-dividend date: Dec 4, 2026 (future recorded date)
Recorded pay date: Jan 5, 2027 (pending)
Cash dividend · Polygon event record
USD 0.438 per share
Ex-dividend date: Dec 5, 2025
Recorded pay date: Jan 6, 2026 (past date)
Cash dividend · Polygon event record
USD 0.409 per share
Ex-dividend date: Dec 6, 2024
Recorded pay date: Jan 3, 2025 (past date)
Cash dividend · Polygon event record
USD 0.382 per share
Ex-dividend date: Nov 30, 2023
Recorded pay date: Jan 5, 2024 (past date)
Cash dividend · Polygon event record
USD 0.714 per share
Ex-dividend date: Dec 1, 2022
Recorded pay date: Jan 6, 2023 (past date)
Cash dividend · Polygon event record
USD 0.667 per share
Ex-dividend date: Dec 2, 2021
Recorded pay date: Jan 7, 2022 (past date)
Cash dividend · Polygon event record
Up to six Polygon cash-dividend events, including recorded ex-dates within the next 120 days. Amounts retain their recorded currency and decimal precision. Historical amounts are not restated to a common split basis, annualized, or converted to dollars.
For a long holding, compare the ex-date with when you held the shares and check the pay date against your broker’s cash history. Owning the stock today does not establish past entitlement. For a short holding, a dividend can create a payment obligation to the share lender.
Ex-dates and special dividend rules · Short-sale dividend obligations · Dividend data definitions
Split history
2 for 1 · forward split
Effective May 22, 2023
Each 1 pre-split share becomes 2 post-split shares.
Source: EODHD
3 for 1 · forward split
Effective Jan 28, 2019
Each 1 pre-split share becomes 3 post-split shares.
Source: EODHD
2 for 1 · forward split
Effective Apr 15, 1998
Each 1 pre-split share becomes 2 post-split shares.
Source: EODHD
Up to six stored split dates through Nov 7, 2026. Equivalent vendor ratios are combined; conflicting ratios are left out. This history may be incomplete.
A split changes the share count and per-share price basis; it does not by itself add investment value. Put your holding’s earlier and later share counts on the same basis before comparing them. This applies to both long shares and shares owed on a short position.
How stock splits workPortfolio context
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Smart money context
Holder IQ: MEDIUM
47 smart-money holders: institutions with a high Holder IQ
Q2 2026, filed Oct 30, 2026
Smart-money 13F trend: distributing (heavy)
Unlock crowding heatmapUnlock filer discoveryInsider context
Sentiment: unknown
No recent insider trades detected.
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What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
No directional recent-activity label is available. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Red flags: 1
Read the insider context evidence
What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
No directional recent-activity label is available. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Largest 13-F holders · Q2 2026
465 filers reported a long position in CHDN for Q2 2026. 13-F holdings are filed up to 45 days after the quarter ends.
The top 10 hold
42.8%
of the 59.8M shares 13-F filers reported
Moves vs Q1 2026
7 added3 trimmed
Net shares held
+8.3%
across the 10 holders with a comparable Q1 2026 book
| Rank | Holder | Value | Shares | Shares vs Q1 2026 |
|---|---|---|---|---|
| 1 | BlackRock, Inc. | $555.9M · 6.2M shares | 6.2M | -3.9% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | $287.6M · 3.2M shares | 3.2M | +8.5% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | $267.9M · 3M shares | 3M | +8.9% |
| 4 | FMR LLC | $264.2M · 2.9M shares | 2.9M | +72.5% |
| 5 | LONDON CO OF VIRGINIA | $220.9M · 2.5M shares | 2.5M | -5% |
| 6 | STATE STREET CORP | $183.7M · 2M shares | 2M | +2.3% |
| 7 | CITADEL ADVISORS LLC | $153.7M · 1.7M shares | 1.7M | +34.8% |
| 8 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $129.5M · 1.4M shares | 1.4M | +4.9% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | $120.3M · 1.3M shares | 1.3M | -4.8% |
| 10 | JENNISON ASSOCIATES LLC | $112.7M · 1.3M shares | 1.3M | +10.8% |
Sign in to see each holder’s Holder IQ, factor-adjusted Holder IQ and rank, and compare these holders with all scored filers. Available on every plan.
Sign in5% holder filings (13D / 13G)
Holders of more than 5% of CHDN file with the SEC within days. A 13D holder may seek to influence the company; a 13G holder is passive. Each holder’s latest filing from the last three years.
| Filed | Holder | % of class |
|---|---|---|
| Nov 5, 2026 | FMR LLC13G · passive | 6.3% |
| Jul 31, 2026 | VANGUARD CAPITAL MANAGEMENT LLC13G · passive | 5.01% |
| Mar 26, 2026 | VANGUARD GROUP INC13G · passive · amended | 0%under 5% |
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