Bally's (BALY) Operating Expenses (2018 - 2026)
Bally's (BALY) posted quarterly Operating Expenses of $664.1 million for Q1 2026, up 79.25% year-over-year from $370.5 million in Q1 2025, and down 34.94% quarter-over-quarter from $1.0 billion in Q4 2025.
Bally's (BALY) Operating Expenses (2018 - 2026) Analysis & Trends
Bally's (BALY) has reported Operating Expenses for 9 consecutive years, with $664.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 79.25% year-over-year to $664.1 million; the TTM figure through Mar 2026 stood at $3.0 billion (up 26.0% YoY), while the FY2025 annual figure was $2.7 billion, changed 0.19% from the prior year.
- Operating Expenses eased to $664.1 million in Q1 2026 per BALY's latest filing, from $1.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.0 billion in Q4 2022 and bottomed at $222.0 million in Q1 2023.
- Historically, Operating Expenses has averaged $645.9 million across 5 years, with a median of $616.1 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 222.96% — and 2023, when it tumbled 57.78%.
- Bally's' Operating Expenses stood at $1.0 billion in 2022, then dropped by 10.05% to $927.6 million in 2023, then plunged by 33.95% to $612.7 million in 2024, then surged by 66.6% to $1.0 billion in 2025, then slumped by 34.94% to $664.1 million in 2026.
- Business Quant data shows BALY's Operating Expenses at $664.1 million in Q1 2026, $1.0 billion in Q4 2025, and $662.7 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 2.54 Bn |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 3.97 Bn |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 1.56 Bn |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 833.69 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 2.48 Bn |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 1.16 Bn |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | 1.27 Bn |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 374.27 Mn |
| 10 | Bally's | 596.79 Mn | 206.61 Mn | 475.93 Mn | 826.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 664.11 Mn |
| Dec 31, 2025 | 1.02 Bn |
| Sep 30, 2025 | 662.73 Mn |
| Jun 30, 2025 | 659.97 Mn |
| Mar 31, 2025 | 370.50 Mn |
| Dec 31, 2024 | 612.66 Mn |
| Sep 30, 2024 | 787.63 Mn |
| Jun 30, 2024 | 616.08 Mn |
| Mar 31, 2024 | 692.44 Mn |
| Dec 31, 2023 | 927.61 Mn |
| Sep 30, 2023 | 595.24 Mn |
| Jun 30, 2023 | 600.22 Mn |
| Mar 31, 2023 | 221.99 Mn |
| Dec 31, 2022 | 1.03 Bn |
| Sep 30, 2022 | 524.59 Mn |
| Jun 30, 2022 | 467.18 Mn |
| Mar 31, 2022 | 525.75 Mn |
| Dec 31, 2021 | 592.02 Mn |
| Sep 30, 2021 | 287.05 Mn |
| Jun 30, 2021 | 187.20 Mn |