PENN Entertainment PENN
NASDAQ PENN
$17.17 +0.22 (+1.30%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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