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

Caesars Entertainment's (CZR) quarterly Operating Expenses came in at $2.4 billion in Q1 2026, up 2.78% year-on-year from $2.3 billion in Q1 2025, and down 8.32% quarter-over-quarter from $2.6 billion in Q4 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.

  • On a quarterly basis, Operating Expenses rose 2.78% year-over-year to $2.4 billion in Q1 2026; TTM through Mar 2026 was $9.7 billion, a 7.81% increase from a year earlier, with the FY2025 full-year figure at $9.6 billion, up 7.68% from the prior year.
  • Operating Expenses fell to $2.4 billion in Q1 2026 per CZR's latest filing, from $2.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $2.6 billion in Q4 2025 and bottomed at $2.1 billion in Q4 2024.
  • The 5-year median for Operating Expenses is $2.3 billion (2023), against an average of $2.3 billion.
  • Across the five-year window, Operating Expenses surged 46.07% in 2022 and declined 6.95% in 2024, its largest moves.
  • Year by year, Operating Expenses 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.
  • Per Business Quant, the three latest CZR Operating Expenses figures stand at $2.4 billion (Q1 2026), $2.6 billion (Q4 2025), and $2.4 billion (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 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn -148.69 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