Red Rock Resorts (RRR) Operating Expenses (2015 - 2026)

Over the twelve months ended Jun 30, 2026, Red Rock Resorts' Operating Expenses came in at $1.45 billion, up 4.1% year-over-year; for FY2025, it came in at $1.41 billion, up 3.2% from FY2024.

• Operating Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 5.3% (FY2020 to FY2025).
• By year, Operating Expenses came in at $1.37 billion in FY2024 (+17.6%), $1.17 billion in FY2023 (+5.7%), $1.1 billion in FY2022 (-9.4%) and $1.22 billion in FY2021 (+11.2%).
• The Q2 2026 figure ranks as the highest quarterly Operating Expenses since Q1 2021.
• Year over year, Operating Expenses has now increased in each of the last 12 quarters, with growth averaging 7.7% over the last eight quarters.
• The high point for year-over-year Operating Expenses in five years was Q4 2023 (growth of 42.6%); the low point was Q1 2022 (a decline of 36.1%).
• Per Business Quant data, the three quarters before Q2 2026 came in at $363.64 million (Q1 2026), $368.22 million (Q4 2025) and $344.09 million (Q3 2025).