Boyd Gaming (BYD) Operating Expenses (2010 - 2026)
Boyd Gaming (BYD) recorded quarterly Operating Expenses of $833.4 million in Q1 2026, down 6.96% quarter-over-quarter from $895.7 million in Q4 2025, and up 5.27% on a YoY basis from $791.7 million in Q1 2025.
Boyd Gaming (BYD) Operating Expenses (2010 - 2026) Analysis & Trends
Boyd Gaming's Operating Expenses history runs 17 years deep, the most recent figure standing at $833.4 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 5.27% year-over-year to $833.4 million; the TTM figure through Mar 2026 stood at $3.4 billion (up 10.88% YoY), while the FY2025 annual figure was $3.3 billion, up 11.36% from the prior year.
- Operating Expenses was $833.4 million for Q1 2026 at Boyd Gaming, down from $895.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $895.7 million in Q4 2025 to a low of $609.7 million in Q1 2022.
- Historically, Operating Expenses has averaged $740.6 million across 5 years, with a median of $741.1 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses rose 18.37% in 2023, then slipped 2.47% in 2024.
- A 5-year view of Operating Expenses shows it stood at $675.3 million in 2022, then grew by 18.37% to $799.4 million in 2023, then declined by 2.47% to $779.6 million in 2024, then grew by 14.89% to $895.7 million in 2025, then declined by 6.96% to $833.4 million in 2026.
- The last three Operating Expenses figures came in at $833.4 million (Q1 2026), $895.7 million (Q4 2025), and $864.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 1.57 Bn |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 833.36 Mn |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | -1.09 Bn |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 2.37 Bn |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | - |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 1.14 Bn |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 363.64 Mn |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 1.17 Bn |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 1.68 Bn |
| 10 | Monarch Casino & Resort | 2.19 Bn | 2.07 Bn | 34.95 Mn | 101.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 833.36 Mn |
| Dec 31, 2025 | 895.68 Mn |
| Sep 30, 2025 | 864.60 Mn |
| Jun 30, 2025 | 791.63 Mn |
| Mar 31, 2025 | 791.68 Mn |
| Dec 31, 2024 | 779.61 Mn |
| Sep 30, 2024 | 741.26 Mn |
| Jun 30, 2024 | 740.41 Mn |
| Mar 31, 2024 | 741.14 Mn |
| Dec 31, 2023 | 799.36 Mn |
| Sep 30, 2023 | 685.29 Mn |
| Jun 30, 2023 | 672.92 Mn |
| Mar 31, 2023 | 679.09 Mn |
| Dec 31, 2022 | 675.28 Mn |
| Sep 30, 2022 | 639.80 Mn |
| Jun 30, 2022 | 649.38 Mn |
| Mar 31, 2022 | 609.69 Mn |
| Dec 31, 2021 | 662.96 Mn |
| Sep 30, 2021 | 619.91 Mn |
| Jun 30, 2021 | 627.26 Mn |