Boyd Gaming annual operating margin
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Boyd Gaming Operating Margin Growth & History (BYD)
Boyd Gaming's operating margin was 18.29% for fiscal 2025.
View full Boyd Gaming company overviewBoyd Gaming annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 18.29% | −5.32 pp |
| 2024 | 2024-12-31 | 23.61% | −0.52 pp |
| 2023 | 2023-12-31 | 24.12% | −3.48 pp |
| 2022 | 2022-12-31 | 27.60% | +0.89 pp |
| 2021 | 2021-12-31 | 26.71% | +26.06 pp |
| 2020 | 2020-12-31 | 0.65% | −13.55 pp |
| 2019 | 2019-12-31 | 14.21% | +0.68 pp |
| 2018 | 2018-12-31 | 13.53% | −0.79 pp |
| 2017 | 2017-12-31 | 14.32% | +2.48 pp |
| 2016 | 2016-12-31 | 11.84% | −0.49 pp |
| 2015 | 2015-12-31 | 12.33% | +4.22 pp |
| 2014 | 2014-12-31 | 8.11% | −1.51 pp |
| 2013 | 2013-12-31 | 9.62% | +43.86 pp |
| 2012 | 2012-12-31 | −34.25% | −44.37 pp |
| 2011 | 2011-12-31 | 10.12% | +1.28 pp |
| 2010 | 2010-12-31 | 8.84% | −0.67 pp |
| 2009 | 2009-12-31 | 9.52% | — |
Boyd Gaming quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 19.40% | −4.04 pp |
| Q1 2026 | 2026-03-31 | 16.44% | −3.72 pp |
| Q4 2025 | 2025-12-31 | 15.67% | −9.44 pp |
| Q3 2025 | 2025-09-30 | 13.92% | −8.97 pp |
| Q2 2025 | 2025-06-30 | 23.44% | −0.03 pp |
| Q1 2025 | 2025-03-31 | 20.16% | −2.68 pp |
| Q4 2024 | 2024-12-31 | 25.10% | +8.86 pp |
| Q3 2024 | 2024-09-30 | 22.89% | −1.24 pp |
| Q2 2024 | 2024-06-30 | 23.47% | −3.14 pp |
| Q1 2024 | 2024-03-31 | 22.84% | −6.71 pp |
| Q4 2023 | 2023-12-31 | 16.25% | −10.59 pp |
| Q3 2023 | 2023-09-30 | 24.12% | −2.94 pp |
| Q2 2023 | 2023-06-30 | 26.61% | −0.79 pp |
| Q1 2023 | 2023-03-31 | 29.55% | +0.39 pp |
| Q4 2022 | 2022-12-31 | 26.83% | +2.18 pp |
| Q3 2022 | 2022-09-30 | 27.07% | +0.60 pp |
| Q2 2022 | 2022-06-30 | 27.40% | −2.41 pp |
| Q1 2022 | 2022-03-31 | 29.17% | +3.45 pp |
| Q4 2021 | 2021-12-31 | 24.65% | +7.15 pp |
| Q3 2021 | 2021-09-30 | 26.47% | +6.99 pp |
| Q2 2021 | 2021-06-30 | 29.81% | +70.95 pp |
| Q1 2021 | 2021-03-31 | 25.72% | +45.96 pp |
| Q4 2020 | 2020-12-31 | 17.50% | +3.72 pp |
| Q3 2020 | 2020-09-30 | 19.48% | +5.65 pp |
| Q2 2020 | 2020-06-30 | −41.15% | −56.12 pp |
| Q1 2020 | 2020-03-31 | −20.24% | −34.46 pp |
| Q4 2019 | 2019-12-31 | 13.79% | +1.83 pp |
| Q3 2019 | 2019-09-30 | 13.84% | +2.47 pp |
| Q2 2019 | 2019-06-30 | 14.97% | −0.63 pp |
| Q1 2019 | 2019-03-31 | 14.22% | −1.42 pp |
| Q4 2018 | 2018-12-31 | 11.96% | −1.56 pp |
| Q3 2018 | 2018-09-30 | 11.36% | −1.98 pp |
| Q2 2018 | 2018-06-30 | 15.61% | +0.78 pp |
| Q1 2018 | 2018-03-31 | 15.64% | +0.09 pp |
| Q4 2017 | 2017-12-31 | 13.52% | +8.30 pp |
| Q3 2017 | 2017-09-30 | 13.34% | +0.58 pp |
| Q2 2017 | 2017-06-30 | 14.82% | +0.05 pp |
| Q1 2017 | 2017-03-31 | 15.54% | +0.65 pp |
| Q4 2016 | 2016-12-31 | 5.22% | −1.25 pp |
| Q3 2016 | 2016-09-30 | 12.77% | +0.06 pp |
| Q2 2016 | 2016-06-30 | 14.77% | −0.07 pp |
| Q1 2016 | 2016-03-31 | 14.89% | −0.29 pp |
| Q4 2015 | 2015-12-31 | 6.47% | −3.51 pp |
| Q3 2015 | 2015-09-30 | 12.71% | +0.67 pp |
| Q2 2015 | 2015-06-30 | 14.84% | +5.17 pp |
| Q1 2015 | 2015-03-31 | 15.18% | +9.43 pp |
| Q3 2014 | 2014-09-30 | 9.99% | −0.62 pp |
| Q2 2014 | 2014-06-30 | 12.04% | +1.29 pp |
| Q1 2014 | 2014-03-31 | 9.67% | −1.40 pp |
| Q4 2013 | 2013-12-31 | 5.75% | +171.89 pp |
| Q3 2013 | 2013-09-30 | 10.60% | +2.54 pp |
| Q2 2013 | 2013-06-30 | 10.75% | +1.09 pp |
| Q1 2013 | 2013-03-31 | 11.07% | −1.03 pp |
| Q4 2012 | 2012-12-31 | −166.14% | −175.74 pp |
| Q3 2012 | 2012-09-30 | 8.06% | −3.48 pp |
| Q2 2012 | 2012-06-30 | 9.66% | −1.14 pp |
| Q1 2012 | 2012-03-31 | 12.10% | +3.58 pp |
| Q4 2011 | 2011-12-31 | 9.60% | +0.45 pp |
| Q3 2011 | 2011-09-30 | 11.55% | +2.96 pp |
| Q2 2011 | 2011-06-30 | 10.79% | — |
| Q1 2011 | 2011-03-31 | 8.51% | — |
| Q3 2010 | 2010-09-30 | 9.15% | — |
| Q2 2010 | 2010-06-30 | 8.59% | — |
Boyd Gaming operating margin trends
Over the last five reported fiscal years, Boyd Gaming's operating margin increased from 0.65% to 18.29%, a change of +17.63 percentage points. The latest reported quarter, Q2 2026, shows 19.40%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Boyd Gaming filings at SEC.gov ↗