BOYD GAMING CORPBYDEarnings & Financial Report
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Revenue
$1.1B
Gross Profit
N/A
Operating Profit
$166.4M
Net Profit
$140.4M
Gross Margin
N/A
Operating Margin
15.7%
Net Margin
13.2%
YoY Growth
2.0%
EPS
$1.60
Financial Flow
BOYD GAMING CORP Q4 2025 Financial Summary
BOYD GAMING CORP reported revenue of $1.1B (up 2.0% YoY) for Q4 2025, with a net profit of $140.4M (down 17.7% YoY) (13.2% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $1.1B |
|---|---|
| Net Profit | $140.4M |
| Gross Margin | N/A |
| Operating Margin | 15.7% |
| Report Period | Q4 2025 |
Revenue Breakdown
BOYD GAMING CORP Q4 2025 revenue of $1.1B breaks down across 6 segments, led by Casino at $670.6M (63.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Casino | $670.6M | 63.1% |
| Las Vegas Locals | $227.2M | 21.4% |
| Downtown Las Vegas | $63.0M | 5.9% |
| Occupancy | $47.2M | 4.4% |
| Other | $35.5M | 3.3% |
| Management Service | $26.3M | 2.5% |
BOYD GAMING CORP Revenue by Segment — Quarterly Trend
BOYD GAMING CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Casino and Las Vegas Locals) has evolved quarter over quarter.
| Segment | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| Casino | — | $670.6M | — | — |
| Las Vegas Locals | — | $227.2M | $210.8M | $229.1M |
| Downtown Las Vegas | — | $63.0M | $53.2M | $55.3M |
| Occupancy | — | $47.2M | $45.2M | $51.5M |
| Other | $63.5M | $35.5M | $36.9M | $36.1M |
BOYD GAMING CORP Annual Revenue by Year
BOYD GAMING CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.1B |
| 2024 | $3.9B |
| 2023 | $3.7B |
| 2022 | $3.6B |
BOYD GAMING CORP Quarterly Revenue & Net Profit History
BOYD GAMING CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 2026 | $997.4M | +0.6% | $104.3M | 10.5% |
| Q4 2025 | $1.1B | +2.0% | $140.4M | 13.2% |
| Q3 2025 | $1.0B | +4.5% | $1.4B | 143.4% |
| Q2 2025 | $1.0B | +6.9% | $151.5M | 14.6% |
| Q1 2025 | $991.6M | +3.2% | $111.4M | 11.2% |
| Q4 2024 | $1.0B | +9.1% | $170.5M | 16.4% |
| Q3 2024 | $961.2M | +6.4% | $131.1M | 13.6% |
| Q2 2024 | $967.5M | +5.5% | $139.8M | 14.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $967.5M | $961.2M | $1.04B | $991.6M | $1.03B | $1.00B | $1.06B | $997.4M |
| YoY Growth | 5.5% | 6.4% | 9.1% | 3.2% | 6.9% | 4.5% | 2.0% | 0.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.26B | $6.30B | $6.39B | $6.47B | $6.56B | $6.51B | $6.57B | N/A |
| Liabilities | $4.55B | $4.67B | $4.81B | $5.12B | $5.17B | $3.85B | $3.97B | N/A |
| Equity | $1.71B | $1.63B | $1.58B | $1.35B | $1.39B | $2.67B | $2.61B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $213.1M | $231.2M | $262.1M | $256.4M | $205.0M | $240.0M | $275.3M |