PENN Entertainment (PENN) Operating Expenses (2009 - 2026)
PENN Entertainment's (PENN) quarterly Operating Expenses came in at $1.7 billion in Q2 2026, up 2.26% year-over-year from $1.7 billion in Q2 2025, and up 2.6% quarter-over-quarter from $1.7 billion in Q1 2026.
Analysis
PENN Entertainment (PENN) Operating Expenses (2009 - 2026) Analysis & Trends
PENN Entertainment has disclosed Operating Expenses across 18 years of filings, most recently posting $1.7 billion for Q2 2026.
- In Q2 2026, Operating Expenses rose 2.26% year-over-year to $1.7 billion; the TTM figure through Jun 2026 stood at $7.7 billion (up 16.94% YoY), while the FY2025 annual figure was $7.6 billion, up 17.35% from the prior year.
- Operating Expenses came in at $1.7 billion for Q2 2026 at PENN Entertainment, up from $1.7 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.5 billion in Q3 2025 to a low of $1.3 billion in Q1 2022.
- Average Operating Expenses over 5 years is $1.7 billion, with a median of $1.6 billion recorded in 2024.
- Year-over-year, Operating Expenses soared 61.65% in 2023 and sank 34.67% in 2024.
- Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then advanced by 26.89% to $1.7 billion in 2023, then rose by 0.78% to $1.7 billion in 2024, then increased by 6.21% to $1.8 billion in 2025, then declined by 5.37% to $1.7 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.7 billion in Q2 2026, $1.7 billion in Q1 2026, and $1.8 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 28.23 Bn | 24.85 Bn | 1.81 Bn | 2.54 Bn |
| 2 | MGM Resorts International | 10.30 Bn | 7.75 Bn | 3.10 Bn | 3.97 Bn |
| 3 | Wynn Resorts | 9.26 Bn | 7.69 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 | 5.87 Bn | 5.67 Bn | 712.00 Mn | 623.00 Mn |
| 6 | Boyd Gaming | 5.64 Bn | 5.31 Bn | 766.76 Mn | 833.69 Mn |
| 7 | Red Rock Resorts | 3.18 Bn | 2.57 Bn | 420.02 Mn | 374.27 Mn |
| 8 | PENN Entertainment | 2.30 Bn | 1.41 Bn | 1.02 Bn | 1.73 Bn |
| 9 | Monarch Casino & Resort | 2.15 Bn | 2.01 Bn | 38.62 Mn | 103.97 Mn |
| 10 | Melco Resorts & Entertainment | 2.01 Bn | 1.44 Bn | 1.05 Bn | -1.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.73 Bn |
| Mar 31, 2026 | 1.68 Bn |
| Dec 31, 2025 | 1.82 Bn |
| Sep 30, 2025 | 2.49 Bn |
| Jun 30, 2025 | 1.69 Bn |
| Mar 31, 2025 | 1.63 Bn |
| Dec 31, 2024 | 1.72 Bn |
| Sep 30, 2024 | 1.57 Bn |
| Jun 30, 2024 | 1.59 Bn |
| Mar 31, 2024 | 1.63 Bn |
| Dec 31, 2023 | 1.70 Bn |
| Sep 30, 2023 | 2.41 Bn |
| Jun 30, 2023 | 1.47 Bn |
| Mar 31, 2023 | 1.47 Bn |
| Dec 31, 2022 | 1.34 Bn |
| Sep 30, 2022 | 1.49 Bn |
| Jun 30, 2022 | 1.32 Bn |
| Mar 31, 2022 | 1.27 Bn |
| Dec 31, 2021 | 1.35 Bn |
| Sep 30, 2021 | 1.27 Bn |