# Boyd Gaming Corp: overview

BYD · NYSE · CIK 906553 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/byd.md) · [Financials](/companies/byd/financials.md) · [Filings](/companies/byd/filings.md) · [Insiders](/companies/byd/insiders.md)

Latest reported revenue: [$1.03bn](/filings/0001437749-26-025062.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 30, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001437749-26-025062).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [961](/filings/0001437749-25-032563.md) | [1,041 d](/filings/0001437749-26-004908.md) | [992](/filings/0001437749-26-014192.md) | [1,034](/filings/0001437749-26-025062.md) | [1,004](/filings/0001437749-25-032563.md) | [1,062 d](/filings/0001437749-26-004908.md) | [997](/filings/0001437749-26-014192.md) | [1,034](/filings/0001437749-26-025062.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [22.9%](/filings/0001437749-25-032563.md) | [25.1% d](/filings/0001437749-26-004908.md) | [20.2%](/filings/0001437749-26-014192.md) | [23.4%](/filings/0001437749-26-025062.md) | [13.9%](/filings/0001437749-25-032563.md) | [15.7% d](/filings/0001437749-26-004908.md) | [16.4%](/filings/0001437749-26-014192.md) | [19.4%](/filings/0001437749-26-025062.md) |
| Net margin | % | [13.6%](/filings/0001437749-25-032563.md) | [16.4% d](/filings/0001437749-26-004908.md) | [11.2%](/filings/0001437749-26-014192.md) | [14.6%](/filings/0001437749-26-025062.md) | [143.4%](/filings/0001437749-25-032563.md) | [13.2% d](/filings/0001437749-26-004908.md) | [10.6%](/filings/0001437749-26-014192.md) | [12.7%](/filings/0001437749-26-025062.md) |
| Diluted EPS | $ per share | [1.43](/filings/0001437749-25-032563.md) | not reported | [1.31](/filings/0001437749-26-014192.md) | [1.84](/filings/0001437749-26-025062.md) | [17.81](/filings/0001437749-25-032563.md) | not reported | [1.37](/filings/0001437749-26-014192.md) | [1.75](/filings/0001437749-26-025062.md) |
| Free cash flow | $m | [146 d](/filings/0001437749-25-032563.md) | [151 d](/filings/0001437749-26-004908.md) | [86.5](/filings/0001437749-26-014192.md) | [80.6 d](/filings/0001437749-26-025062.md) | [94.4 d](/filings/0001437749-25-032563.md) | [127 d](/filings/0001437749-26-004908.md) | [(20.8)](/filings/0001437749-26-014192.md) | [(165) d](/filings/0001437749-26-025062.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,370](/filings/0001437749-24-005525.md) | [3,555](/filings/0001437749-25-004757.md) | [3,738](/filings/0001437749-26-004908.md) | [3,930](/filings/0001437749-26-004908.md) | [4,092](/filings/0001437749-26-004908.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [26.7%](/filings/0001437749-24-005525.md) | [27.6%](/filings/0001437749-25-004757.md) | [24.1%](/filings/0001437749-26-004908.md) | [23.6%](/filings/0001437749-26-004908.md) | [18.3%](/filings/0001437749-26-004908.md) |
| Net margin | % | [13.8%](/filings/0001437749-24-005525.md) | [18.0%](/filings/0001437749-25-004757.md) | [16.6%](/filings/0001437749-26-004908.md) | [14.7%](/filings/0001437749-26-004908.md) | [45.0%](/filings/0001437749-26-004908.md) |
| Diluted EPS | $ per share | [4.07](/filings/0001437749-24-005525.md) | [5.87](/filings/0001437749-25-004757.md) | [6.12](/filings/0001437749-26-004908.md) | [6.19](/filings/0001437749-26-004908.md) | [22.56](/filings/0001437749-26-004908.md) |
| Free cash flow | $m | [811](/filings/0001437749-24-005525.md) | [707](/filings/0001437749-25-004757.md) | [541](/filings/0001437749-26-004908.md) | [557](/filings/0001437749-26-004908.md) | [388](/filings/0001437749-26-004908.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/byd/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $486.7m | 5,510,437 |  | Reduced −41,429 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $222.1m | 2,514,999 |  | Reduced −261,555 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $209.8m | 2,375,026 |  | Reduced −28,418 |
| [ARIEL INVESTMENTS, LLC](/funds/936753.md) | 2026-06-30 | $192.8m | 2,182,342 |  | Reduced −92,076 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $167.0m | 1,886,210 |  | Reduced −77,955 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $128.6m | 1,455,524 |  | Reduced −160,863 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $120.4m | 1,363,047 |  | Added +504,193 |
| [Boston Partners](/funds/1386060.md) | 2026-06-30 | $96.9m | 1,097,116 |  | Reduced −1,660,565 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $89.9m | 1,018,273 |  | Added +44,151 |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $89.4m | 1,012,244 |  | Reduced −343,764 |

## Recent filings

[All 1,602 filings](/companies/byd/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-22 | 20:06 ET | [8-K](/filings/0001437749-26-033268.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-033268 |
| 2026-08-13 | 20:16 ET | [8-K](/filings/0001437749-26-027683.md) | 8.01 Other events | 0001437749-26-027683 |
| 2026-07-30 | 20:16 ET | [10-Q](/filings/0001437749-26-025062.md) | Quarterly report, period 2026-06-30 | 0001437749-26-025062 |
| 2026-07-23 | 20:06 ET | [8-K](/filings/0001437749-26-024305.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-024305 |
| 2026-07-17 | 20:15 ET | [8-K/A](/filings/0001437749-26-023765.md) | 5.02 Departure or appointment of officers or directors | 0001437749-26-023765 |
| 2026-06-25 | 20:15 ET | [8-K](/filings/0001437749-26-021700.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001437749-26-021700 |
| 2026-05-08 | 20:08 ET | [8-K](/filings/0001437749-26-015901.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results | 0001437749-26-015901 |
| 2026-05-07 | 21:15 ET | [8-K](/filings/0001437749-26-015665.md) | 8.01 Other events | 0001437749-26-015665 |
| 2026-04-30 | 20:07 ET | [10-Q](/filings/0001437749-26-014192.md) | Quarterly report, period 2026-03-31 | 0001437749-26-014192 |
| 2026-04-23 | 20:06 ET | [8-K](/filings/0001437749-26-013177.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-013177 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-004908.md), filed Feb 20, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 906553
- Tickers: BYD
- Exchange: NYSE
- SIC code: 7011 Hotels & Motels
- State of incorporation: NV
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:28 ET. No prices; not investment advice.