Filing Flows › Boyd Gaming (BYD) › Q3 2026 › vs Q3 2025
Boyd Gaming (BYD) Q3 2026 vs Q3 2025 (year over year)
Boyd Gaming's revenue fell $13.9M (-1%) from $1.0B in Q3 2025 to $990M in Q3 2026. The biggest changes: Online Reimbusements −$17.5M (-13%); Online +$6.3M (+24%); Management Service +$3.9M (+16%). Operating margin 19.7% against 13.9% (+5.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.7% | 13.9% | +5.8 pts |
| Net margin | 12.6% | 143.4% | -130.8 pts |
| Free cash flow margin | 4.4% | 9.4% | -5.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Casino | $655M | $657M | −$2.3M | -0.4% |
| Online Reimbusements | $121M | $139M | −$17.5M | -13% |
| Food and Beverage | $73.7M | $75.6M | −$1.8M | -2% |
| Occupancy | $43.1M | $45.2M | −$2.1M | -5% |
| Product and Service, Other | $36.5M | $36.9M | −$353K | -1% |
| Online | $33.2M | $26.9M | $6.3M | +24% |
| Management Service | $27.6M | $23.7M | $3.9M | +16% |
| Revenue | $990M | $1.0B | −$13.9M | -1% |
| Operating profit | $195M | $140M | $55.1M | +39% |
| Costs & expenses | $796M | $865M | −$69.0M | -8% |
| Pre-tax earnings | $162M | $1.8B | −$1.7B | -91% |
| Other expense, net | $32.6M | −$1.7B | $1.7B | — |
| SG&A | $105M | $104M | $1.4M | +1% |
| Other operating costs | $690M | $761M | −$70.4M | -9% |
| Loss borne by minority interests | $1.3M | $1.2M | $186K | +16% |
| Net earnings | $125M | $1.4B | −$1.3B | -91% |
| Income tax | $38.7M | $403M | −$365M | -90% |
| Depreciation & amortization | $91.3M | $73.7M | $17.5M | +24% |
| Share-based compensation | $8.6M | $8.5M | $109K | +1% |
| Working capital & other | $22.2M | $1.3B | −$1.3B | -98% |
| Operating cash flow | $203M | $240M | −$37.4M | -16% |
| Free cash flow (OCF − capex) | $43.7M | $94.4M | −$50.7M | -54% |
| Capital expenditures | $159M | $146M | $13.3M | +9% |
Questions
How much did Boyd Gaming's revenue grow year over year in Q3 2026?
Boyd Gaming's revenue fell $13.9M (-1%) from $1.0B in Q3 2025 to $990M in Q3 2026.
What drove Boyd Gaming's revenue change in Q3 2026?
Online Reimbusements −$17.5M (-13%); Online +$6.3M (+24%); Management Service +$3.9M (+16%).