Filing Flows › Boyd Gaming (BYD) › Q3 2026 › vs Q2 2026
Boyd Gaming (BYD) Q3 2026 vs Q2 2026 (quarter over quarter)
Boyd Gaming's revenue fell $43.9M (-4%) from $1.0B in Q2 2026 to $990M in Q3 2026. The biggest changes: Casino −$28.3M (-4%); Occupancy −$7.3M (-14%); Online Reimbusements −$5.1M (-4%). Operating margin 19.7% against 19.4% (+0.3 pts).
Boyd Gaming, Q3 2026: revenue $990M (-1% year over year), operating margin 19.7%, net earnings $125M, operating cash flow $203M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.7% | 19.4% | +0.3 pts |
| Net margin | 12.6% | 12.7% | -0.1 pts |
| Free cash flow margin | 4.4% | -16.0% | +20.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Casino | $655M | $683M | −$28.3M | -4% |
| Online Reimbusements | $121M | $126M | −$5.1M | -4% |
| Food and Beverage | $73.7M | $77.7M | −$4.0M | -5% |
| Occupancy | $43.1M | $50.4M | −$7.3M | -14% |
| Product and Service, Other | $36.5M | $36.3M | $210K | +0.6% |
| Online | $33.2M | $31.8M | $1.4M | +4% |
| Management Service | $27.6M | $28.5M | −$900K | -3% |
| Revenue | $990M | $1.0B | −$43.9M | -4% |
| Operating profit | $195M | $201M | −$5.8M | -3% |
| Costs & expenses | $796M | $834M | −$38.1M | -5% |
| Pre-tax earnings | $162M | $171M | −$8.3M | -5% |
| Other expense, net | $32.6M | $30.1M | $2.5M | +8% |
| SG&A | $105M | $111M | −$5.5M | -5% |
| Other operating costs | $690M | $723M | −$32.6M | -5% |
| Loss borne by minority interests | $1.3M | $1.3M | $32K | +2% |
| Net earnings | $125M | $131M | −$6.3M | -5% |
| Income tax | $38.7M | $40.6M | −$1.9M | -5% |
| Depreciation & amortization | $91.3M | $91.1M | $166K | +0.2% |
| Share-based compensation | $8.6M | $12.8M | −$4.2M | -33% |
| Working capital & other | $22.2M | $259M | −$236M | -91% |
| Operating cash flow | $203M | −$23.5M | $226M | — |
| Free cash flow (OCF − capex) | $43.7M | −$165M | $209M | — |
| Capital expenditures | $159M | $142M | $17.0M | +12% |
Questions
How much did Boyd Gaming's revenue grow quarter over quarter in Q3 2026?
Boyd Gaming's revenue fell $43.9M (-4%) from $1.0B in Q2 2026 to $990M in Q3 2026.
What drove Boyd Gaming's revenue change in Q3 2026?
Casino −$28.3M (-4%); Occupancy −$7.3M (-14%); Online Reimbusements −$5.1M (-4%).