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| Date | Value |
|---|---|
| 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 |