Caesars Entertainment (CZR) Operating Expenses (2013 - 2026)

Caesars Entertainment (CZR) recorded quarterly Operating Expenses of $2.4 billion in Q1 2026, down 8.32% quarter-over-quarter from $2.6 billion in Q4 2025, and up 2.78% on a YoY basis from $2.3 billion in Q1 2025.

Caesars Entertainment (CZR) Operating Expenses (2013 - 2026) Analysis & Trends

Caesars Entertainment's Operating Expenses history runs 14 years deep, the most recent figure standing at $2.4 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 2.78% year-over-year to $2.4 billion; the TTM figure through Mar 2026 stood at $9.7 billion (up 7.81% YoY), while the FY2025 annual figure was $9.6 billion, up 7.68% from the prior year.
  • Operating Expenses was $2.4 billion for Q1 2026 at Caesars Entertainment, down from $2.6 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $2.6 billion in Q4 2025 to a low of $2.1 billion in Q4 2024.
  • Historically, Operating Expenses has averaged $2.3 billion across 5 years, with a median of $2.3 billion in 2023.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 46.07% in 2022, then slipped 6.95% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $2.3 billion in 2022, then decreased by 1.89% to $2.3 billion in 2023, then retreated by 6.95% to $2.1 billion in 2024, then advanced by 21.36% to $2.6 billion in 2025, then decreased by 8.32% to $2.4 billion in 2026.
  • The last three Operating Expenses figures came in at $2.4 billion (Q1 2026), $2.6 billion (Q4 2025), and $2.4 billion (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
DateValue
Mar 31, 2026 2.37 Bn
Dec 31, 2025 2.59 Bn
Sep 30, 2025 2.36 Bn
Jun 30, 2025 2.38 Bn
Mar 31, 2025 2.31 Bn
Dec 31, 2024 2.13 Bn
Sep 30, 2024 2.23 Bn
Jun 30, 2024 2.32 Bn
Mar 31, 2024 2.26 Bn
Dec 31, 2023 2.29 Bn
Sep 30, 2023 2.27 Bn
Jun 30, 2023 2.27 Bn
Mar 31, 2023 2.23 Bn
Dec 31, 2022 2.33 Bn
Sep 30, 2022 2.23 Bn
Jun 30, 2022 2.22 Bn
Mar 31, 2022 2.30 Bn
Dec 31, 2021 2.47 Bn
Sep 30, 2021 2.15 Bn
Jun 30, 2021 1.91 Bn