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| 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 |