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
DateValue
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