Bally's (BALY) Operating Expenses (2018 - 2026)
Bally's' (BALY) quarterly Operating Expenses came in at $664.1 million in Q1 2026, up 79.25% year-on-year from $370.5 million in Q1 2025, and down 34.94% on a QoQ basis from $1.0 billion in Q4 2025.
Bally's (BALY) Operating Expenses (2018 - 2026) Analysis & Trends
Bally's (BALY) has 9 years of Operating Expenses data on file, last reported at $664.1 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 79.25% year-over-year to $664.1 million in Q1 2026; TTM through Mar 2026 was $3.0 billion, a 26.0% increase from a year earlier, with the FY2025 full-year figure at $2.7 billion, changed 0.19% from the prior year.
- Operating Expenses for Q1 2026 stood at $664.1 million, down from $1.0 billion in the prior quarter.
- Over the last five years, Operating Expenses for BALY reached as high as $1.0 billion in Q4 2022 and fell as low as $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.
- Across the five-year window, Operating Expenses surged 222.96% in 2022 and sank 57.78% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $1.0 billion in 2022, then fell by 10.05% to $927.6 million in 2023, then plunged by 33.95% to $612.7 million in 2024, then jumped by 66.6% to $1.0 billion in 2025, then slumped by 34.94% to $664.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $664.1 million in Q1 2026, $1.0 billion in Q4 2025, and $662.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 2.68 Bn |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 4.16 Bn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 1.57 Bn |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 833.36 Mn |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | -1.19 Bn |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 2.37 Bn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | - |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 1.14 Bn |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 363.64 Mn |
| 10 | Bally's | 820.88 Mn | 261.58 Mn | 674.12 Mn | 664.11 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 |