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How Boyd Gaming (BYD) makes money
Boyd Gaming (BYD) made $990M of revenue in the third quarter 2026 (Q3 2026), -1% from a year earlier. Casino brought in $655M (66%); Online Reimbusements brought in $121M (12%); Food and Beverage brought in $73.7M (7%). Of every dollar of revenue, 20¢ was left as operating profit, 13¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Casino | $655M | 66.1% | -4% | -0.4% |
| Online Reimbusements | $121M | 12.2% | -4% | -13% |
| Food and Beverage | $73.7M | 7.4% | -5% | -2% |
| Occupancy | $43.1M | 4.4% | -14% | -5% |
| Product and Service, Other | $36.5M | 3.7% | +0.6% | -1% |
| Online | $33.2M | 3.4% | +4% | +24% |
| Management Service | $27.6M | 2.8% | -3% | +16% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $990M | 100.0% |
| Operating profit | $195M | 19.7% |
| Income tax | $38.7M | 3.9% |
| Net earnings | $125M | 12.6% |
| Operating cash flow | $203M | 20.5% |
| Free cash flow | $43.7M | 4.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $990M | -1% |
| Q2 2026 | $1.0B | 0% |
| Q1 2026 | $997M | +0.6% |
| Q4 2025 | $1.1B | +2% |
| Q3 2025 | $1.0B | +4% |
| Q2 2025 | $1.0B | +7% |
| Q1 2025 | $992M | +3% |
From Boyd Gaming's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Boyd Gaming make money?
Boyd Gaming (BYD) made $990M of revenue in the third quarter 2026 (Q3 2026), -1% from a year earlier. Casino brought in $655M (66%); Online Reimbusements brought in $121M (12%); Food and Beverage brought in $73.7M (7%). Of every dollar of revenue, 20¢ was left as operating profit, 13¢ was left as net earnings.
What is Boyd Gaming's biggest business?
Casino: $655M in the third quarter 2026, 66% of revenue, -0.4% from a year earlier.
What is Boyd Gaming's profit margin?
Net earnings were $125M, 12.6% of revenue, in the third quarter 2026; the operating margin was 19.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.