Churchill Downs annual return on equity
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Churchill Downs Return on Equity (ROE) Growth & History (CHDN)
Churchill Downs's return on equity was 36.58% for fiscal 2025.
View full Churchill Downs company overviewChurchill Downs annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 36.58% | −6.58 pp |
| 2024 | 2024-12-31 | 43.16% | −14.59 pp |
| 2023 | 2023-12-31 | 57.75% | −44.63 pp |
| 2022 | 2022-12-31 | 102.39% | +28.46 pp |
| 2021 | 2021-12-31 | 73.93% | +92.64 pp |
| 2020 | 2020-12-31 | −18.71% | −46.73 pp |
| 2019 | 2019-12-31 | 28.02% | −35.35 pp |
| 2018 | 2018-12-31 | 63.36% | +42.16 pp |
| 2017 | 2017-12-31 | 21.20% | +4.60 pp |
| 2016 | 2016-12-31 | 16.60% | +6.70 pp |
| 2015 | 2015-12-31 | 9.90% | +3.29 pp |
| 2014 | 2014-12-31 | 6.61% | −1.53 pp |
| 2013 | 2013-12-31 | 8.14% | −1.35 pp |
| 2012 | 2012-12-31 | 9.49% | −2.32 pp |
| 2011 | 2011-12-31 | 11.81% | +8.22 pp |
| 2010 | 2010-12-31 | 3.58% | — |
Churchill Downs quarterly return on equity
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Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 19.78% | −0.75 pp |
| Q1 2026 | 2026-03-31 | 7.88% | +0.74 pp |
| Q4 2025 | 2025-12-31 | 4.98% | −1.60 pp |
| Q3 2025 | 2025-09-30 | 3.67% | −2.48 pp |
| Q2 2025 | 2025-06-30 | 20.53% | −2.00 pp |
| Q1 2025 | 2025-03-31 | 7.14% | −2.20 pp |
| Q4 2024 | 2024-12-31 | 6.57% | +0.11 pp |
| Q3 2024 | 2024-09-30 | 6.15% | −0.85 pp |
| Q2 2024 | 2024-06-30 | 22.53% | +4.18 pp |
| Q1 2024 | 2024-03-31 | 9.35% | −15.45 pp |
| Q4 2023 | 2023-12-31 | 6.46% | +6.29 pp |
| Q3 2023 | 2023-09-30 | 7.00% | −2.38 pp |
| Q2 2023 | 2023-06-30 | 18.36% | −55.35 pp |
| Q1 2023 | 2023-03-31 | 24.80% | +11.32 pp |
| Q4 2022 | 2022-12-31 | 0.17% | −13.24 pp |
| Q3 2022 | 2022-09-30 | 9.38% | −9.34 pp |
| Q2 2022 | 2022-06-30 | 73.70% | +32.02 pp |
| Q1 2022 | 2022-03-31 | 13.48% | +0.80 pp |
| Q4 2021 | 2021-12-31 | 13.41% | +8.79 pp |
| Q3 2021 | 2021-09-30 | 18.71% | +6.23 pp |
| Q2 2021 | 2021-06-30 | 41.69% | +73.24 pp |
| Q1 2021 | 2021-03-31 | 12.68% | +17.65 pp |
| Q4 2020 | 2020-12-31 | 4.63% | +3.87 pp |
| Q3 2020 | 2020-09-30 | 12.48% | +9.80 pp |
| Q2 2020 | 2020-06-30 | −31.55% | −52.75 pp |
| Q1 2020 | 2020-03-31 | −4.97% | −7.47 pp |
| Q4 2019 | 2019-12-31 | 0.76% | −1.55 pp |
| Q3 2019 | 2019-09-30 | 2.68% | −8.95 pp |
| Q2 2019 | 2019-06-30 | 21.20% | −4.66 pp |
| Q1 2019 | 2019-03-31 | 2.49% | −34.48 pp |
| Q4 2018 | 2018-12-31 | 2.31% | −3.72 pp |
| Q3 2018 | 2018-09-30 | 11.63% | +8.91 pp |
| Q2 2018 | 2018-06-30 | 25.86% | +13.72 pp |
| Q1 2018 | 2018-03-31 | 36.97% | +35.91 pp |
| Q4 2017 | 2017-12-31 | 6.03% | +2.15 pp |
| Q3 2017 | 2017-09-30 | 2.72% | +1.46 pp |
| Q2 2017 | 2017-06-30 | 12.14% | +1.39 pp |
| Q1 2017 | 2017-03-31 | 1.06% | +0.61 pp |
| Q4 2016 | 2016-12-31 | 3.88% | +2.80 pp |
| Q3 2016 | 2016-09-30 | 1.27% | +0.71 pp |
| Q2 2016 | 2016-06-30 | 10.75% | +3.17 pp |
| Q1 2016 | 2016-03-31 | 0.45% | +0.68 pp |
| Q4 2015 | 2015-12-31 | 1.08% | +3.03 pp |
| Q3 2015 | 2015-09-30 | 0.55% | +0.06 pp |
| Q2 2015 | 2015-06-30 | 7.57% | −0.54 pp |
| Q1 2015 | 2015-03-31 | −0.23% | −0.13 pp |
| Q4 2014 | 2014-12-31 | −1.95% | −1.15 pp |
| Q3 2014 | 2014-09-30 | 0.50% | −0.79 pp |
| Q2 2014 | 2014-06-30 | 8.11% | +0.73 pp |
| Q1 2014 | 2014-03-31 | −0.10% | −0.26 pp |
| Q4 2013 | 2013-12-31 | −0.80% | −1.16 pp |
| Q3 2013 | 2013-09-30 | 1.29% | +0.37 pp |
| Q2 2013 | 2013-06-30 | 7.38% | −0.46 pp |
| Q1 2013 | 2013-03-31 | 0.16% | −0.07 pp |
| Q4 2012 | 2012-12-31 | 0.37% | −0.94 pp |
| Q3 2012 | 2012-09-30 | 0.92% | −2.52 pp |
| Q2 2012 | 2012-06-30 | 7.85% | +0.34 pp |
| Q1 2012 | 2012-03-31 | 0.23% | — |
| Q4 2011 | 2011-12-31 | 1.30% | — |
| Q3 2011 | 2011-09-30 | 3.44% | — |
| Q2 2011 | 2011-06-30 | 7.50% | — |
Churchill Downs return on equity trends
Over the last five fiscal years, Churchill Downs's return on equity increased from −18.71% to 36.58%, a change of +55.29 percentage points. The latest reported quarter, Q2 2026, shows 19.78%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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