PENN Entertainment (PENN) Operating Expenses (2009 - 2026)

PENN Entertainment (PENN) reported Operating Expenses of $1.7 billion for Q1 2026, up 3.21% on a YoY basis from $1.6 billion in Q1 2025, and down 7.77% sequentially from $1.8 billion in Q4 2025.

PENN Entertainment (PENN) Operating Expenses (2009 - 2026) Analysis & Trends

PENN Entertainment (PENN) has 18 years of Operating Expenses data on file, last reported at $1.7 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 3.21% year-over-year to $1.7 billion; the trailing twelve-month figure through Mar 2026 stood at $7.7 billion (up 18.13% YoY), and the FY2025 full-year result was $7.6 billion, up 17.35% from the prior year.
  • Operating Expenses retreated to $1.7 billion in Q1 2026, from $1.8 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.
  • A 5-year average of $1.7 billion and a median of $1.6 billion in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 61.65% in 2023 and plunged 34.67% in 2024, its largest moves.
  • Tracing PENN's Operating Expenses over 5 years: stood at $1.3 billion in 2022, then gained by 26.89% to $1.7 billion in 2023, then increased by 0.78% to $1.7 billion in 2024, then grew by 6.21% to $1.8 billion in 2025, then fell by 7.77% to $1.7 billion in 2026.
  • Business Quant data shows PENN's Operating Expenses at $1.7 billion in Q1 2026, $1.8 billion in Q4 2025, and $2.5 billion in 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 PENN Entertainment 2.74 Bn 2.03 Bn 1.45 Bn 1.68 Bn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 1.17 Bn