Boyd Gaming Corp (BYD) stock
BYDNYSEHotels & MotelsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 15/3029% below fair value
$77.24+0.13 (+0.17%)
Close on Nov 13, 2026Market cap $5.46BP/E 11.7Yield 0.93%
Boyd Gaming operating margin
Operating margin is operating income as a percentage of revenue.
Boyd Gaming's operating margin for the twelve months ending Sep 30, 2026 was 17.8%. For fiscal 2025 it was 18.3%, against 23.6% the year before. The highest annual figure on record is 27.6% in fiscal 2022.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 18.3% | −5.3 |
| FY2024 | Dec 31, 2024 | 23.6% | −0.5 |
| FY2023 | Dec 31, 2023 | 24.1% | −3.5 |
| FY2022 | Dec 31, 2022 | 27.6% | +0.9 |
| FY2021 | Dec 31, 2021 | 26.7% | +26.1 |
| FY2020 | Dec 31, 2020 | 0.7% | −13.6 |
| FY2019 | Dec 31, 2019 | 14.2% | +0.7 |
| FY2018 | Dec 31, 2018 | 13.5% | −0.8 |
| FY2017 | Dec 31, 2017 | 14.3% | +2.5 |
| FY2016 | Dec 31, 2016 | 11.8% | −0.5 |
| FY2015 | Dec 31, 2015 | 12.3% | +4.2 |
| FY2014 | Dec 31, 2014 | 8.1% | −1.5 |
| FY2013 | Dec 31, 2013 | 9.6% | +43.9 |
| FY2012 | Dec 31, 2012 | -34.2% | −44.4 |
| FY2011 | Dec 31, 2011 | 10.1% | +1.3 |
| FY2010 | Dec 31, 2010 | 8.8% | −0.7 |
| FY2009 | Dec 31, 2009 | 9.5% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 19.7% | +5.8 |
| Q2 FY2026 | Jun 30, 2026 | 19.4% | −4.0 |
| Q1 FY2026 | Mar 31, 2026 | 16.4% | −3.7 |
| Q4 FY2025 | Dec 31, 2025 | 15.7% | −9.4 |
| Q3 FY2025 | Sep 30, 2025 | 13.9% | −9.0 |
| Q2 FY2025 | Jun 30, 2025 | 23.4% | −0.0 |
| Q1 FY2025 | Mar 31, 2025 | 20.2% | −2.7 |
| Q4 FY2024 | Dec 31, 2024 | 25.1% | +8.9 |
| Q3 FY2024 | Sep 30, 2024 | 22.9% | −1.2 |
| Q2 FY2024 | Jun 30, 2024 | 23.5% | −3.1 |
| Q1 FY2024 | Mar 31, 2024 | 22.8% | −6.7 |
| Q4 FY2023 | Dec 31, 2023 | 16.2% | −10.6 |
| Q3 FY2023 | Sep 30, 2023 | 24.1% | −2.9 |
| Q2 FY2023 | Jun 30, 2023 | 26.6% | −0.8 |
| Q1 FY2023 | Mar 31, 2023 | 29.6% | +0.4 |
| Q4 FY2022 | Dec 31, 2022 | 26.8% | +2.2 |
| Q3 FY2022 | Sep 30, 2022 | 27.1% | +0.6 |
| Q2 FY2022 | Jun 30, 2022 | 27.4% | −2.4 |
| Q1 FY2022 | Mar 31, 2022 | 29.2% | +3.4 |
| Q4 FY2021 | Dec 31, 2021 | 24.7% | +7.1 |
| Q3 FY2021 | Sep 30, 2021 | 26.5% | +7.0 |
| Q2 FY2021 | Jun 30, 2021 | 29.8% | +71.0 |
| Q1 FY2021 | Mar 31, 2021 | 25.7% | +46.0 |
| Q4 FY2020 | Dec 31, 2020 | 17.5% | +3.7 |
| Q3 FY2020 | Sep 30, 2020 | 19.5% | +5.6 |
| Q2 FY2020 | Jun 30, 2020 | -41.1% | −56.1 |
| Q1 FY2020 | Mar 31, 2020 | -20.2% | −34.5 |
| Q4 FY2019 | Dec 31, 2019 | 13.8% | +1.8 |
| Q3 FY2019 | Sep 30, 2019 | 13.8% | +2.5 |
| Q2 FY2019 | Jun 30, 2019 | 15.0% | −0.6 |
| Q1 FY2019 | Mar 31, 2019 | 14.2% | −1.4 |
| Q4 FY2018 | Dec 31, 2018 | 12.0% | −1.6 |
| Q3 FY2018 | Sep 30, 2018 | 11.4% | −2.0 |
| Q2 FY2018 | Jun 30, 2018 | 15.6% | +0.8 |
| Q1 FY2018 | Mar 31, 2018 | 15.6% | +0.1 |
| Q4 FY2017 | Dec 31, 2017 | 13.5% | +8.1 |
| Q3 FY2017 | Sep 30, 2017 | 13.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 14.8% | – |
| Q1 FY2017 | Mar 31, 2017 | 15.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 5.4% | – |
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