Filing Flows › Boyd Gaming (BYD) › Q3 2026
Boyd Gaming (BYD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Boyd Gaming (BYD) reported revenue of $990M for the third quarter 2026 (Q3 2026), -1% from a year earlier and -4% from the quarter before. Operating margin was 19.7%, net earnings $125M (12.6% of revenue).
Boyd Gaming, Q3 2026: revenue $990M (-1% year over year), operating margin 19.7%, net earnings $125M, operating cash flow $203M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $990M | -4% | -1% |
| Operating profit | $195M | -3% | +39% |
| Net earnings | $125M | -5% | -91% |
| Operating cash flow | $203M | — | -16% |
| Free cash flow | $43.7M | — | -54% |
What changed
Revenue was $990.5M in Q3 2026, down 1% year over year and down 4% from the previous quarter. Casino was the largest line at 66% of revenue. Online Reimbusements lost $17.5M year over year (down 13%), 126% of the total change.
Operating profit was $194.9M, a 19.7% margin (up 5.8 points year over year). Total costs fell 8% while revenue fell 1%. Net earnings were $124.9M, down 91% year over year ($123.6M including minority interests, which bore $1.3M of losses). The effective tax rate was 23.8%.
Operating cash flow was $202.6M (down 16% year over year), 164% of net earnings. Non-cash charges added back $91.3M of depreciation and amortization and $8.6M of share-based compensation. Working capital and other items used $20.9M. Capital expenditures of $158.9M left free cash flow of $43.7M.
Questions
What was Boyd Gaming's revenue in the third quarter 2026?
Boyd Gaming (BYD) reported revenue of $990M for the third quarter 2026 (Q3 2026), -1% from a year earlier and -4% from the quarter before.
Was Boyd Gaming profitable in the third quarter 2026?
Operating profit was $195M (19.7% of revenue) and net earnings $125M.
Source: Boyd Gaming 10-Q on SEC EDGAR.