Caesars Entertainment (CZR) Operating Expenses (2013 - 2026)
Caesars Entertainment (CZR) posted Operating Expenses of $2.5 billion for Q2 2026, up 4.64% on a QoQ basis from $2.4 billion in Q1 2026, and up 4.16% year-over-year from $2.4 billion in Q2 2025.
Analysis
Caesars Entertainment (CZR) Operating Expenses (2013 - 2026) Analysis & Trends
Caesars Entertainment has reported Operating Expenses for 14 years, with the latest figure at $2.5 billion in Q2 2026.
- On a quarterly basis, Operating Expenses rose 4.16% year-over-year to $2.5 billion in Q2 2026; TTM through Jun 2026 was $9.8 billion, a 8.22% increase from a year earlier, with the FY2025 full-year figure at $9.6 billion, up 7.68% from the prior year.
- Operating Expenses was $2.5 billion for Q2 2026 at Caesars Entertainment, up from $2.4 billion in the prior quarter.
- The five-year high for Operating Expenses was $2.6 billion in Q4 2025, with the low at $2.1 billion in Q4 2024.
- Average Operating Expenses over 5 years is $2.3 billion, with a median of $2.3 billion recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 46.07% in 2022, then dropped 6.95% in 2024.
- Over 5 years, Operating Expenses stood at $2.3 billion in 2022, then slipped by 1.89% to $2.3 billion in 2023, then decreased by 6.95% to $2.1 billion in 2024, then climbed by 21.36% to $2.6 billion in 2025, then declined by 4.06% to $2.5 billion in 2026.
- The last three Operating Expenses figures came in at $2.5 billion (Q2 2026), $2.4 billion (Q1 2026), and $2.6 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.90 Bn | 24.52 Bn | 1.81 Bn | 2.54 Bn |
| 2 | MGM Resorts International | 10.33 Bn | 7.78 Bn | 3.10 Bn | 3.97 Bn |
| 3 | Wynn Resorts | 9.08 Bn | 7.50 Bn | 1.14 Bn | 1.56 Bn |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 2.48 Bn |
| 5 | Churchill Downs | 5.79 Bn | 5.59 Bn | 712.00 Mn | 623.00 Mn |
| 6 | Boyd Gaming | 5.71 Bn | 5.39 Bn | 766.76 Mn | 833.69 Mn |
| 7 | Red Rock Resorts | 3.17 Bn | 2.56 Bn | 420.02 Mn | 374.27 Mn |
| 8 | PENN Entertainment | 2.28 Bn | 1.39 Bn | 1.02 Bn | 1.73 Bn |
| 9 | Monarch Casino & Resort | 2.14 Bn | 2.00 Bn | 38.62 Mn | 103.97 Mn |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.42 Bn | 1.05 Bn | -1.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.48 Bn |
| 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 |