Wynn Resorts (WYNN) Gross Margin (2009 - 2026)
Wynn Resorts (WYNN) reported Gross Margin of 95.16% for Q1 2026, up 697.0% on a YoY basis from 11.94% in Q1 2025, and down 32.22% quarter-over-quarter from 140.39% in Q4 2025.
Wynn Resorts (WYNN) Gross Margin (2009 - 2026) Analysis & Trends
Wynn Resorts has reported Gross Margin for 18 years, with the latest figure at 95.16% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 697.0% year-over-year to 95.16%; the trailing twelve-month figure through Mar 2026 stood at 107.71% (up 1518.0% YoY), and the FY2025 full-year result was 94.2%, up 168.0% from the prior year.
- Gross Margin for Q1 2026 stood at 95.16%, down from 140.39% in the prior quarter.
- The five-year high for Gross Margin was 166.1% in Q4 2023, with the low at 25.54% in Q4 2022.
- Historically, Gross Margin has averaged 91.02% across 5 years, with a median of 88.2% in 2025.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 14056 bps — and 2024, when it slumped 7794 bps.
- Wynn Resorts' Gross Margin stood at 25.54% in 2022, then surged by 550 bps to 166.1% in 2023, then sank by 47 bps to 88.16% in 2024, then surged by 59 bps to 140.39% in 2025, then sank by 32 bps to 95.16% in 2026.
- The last three Gross Margin figures came in at 95.16% (Q1 2026), 140.39% (Q4 2025), and 100.0% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 95.16% |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 74.45% |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | - |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 94.56% |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | - |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 85.91% |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 96.92% |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 97.77% |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 54.59% |
| 10 | Monarch Casino & Resort | 2.19 Bn | 2.07 Bn | 34.95 Mn | 25.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 95.16% |
| Dec 31, 2025 | 140.39% |
| Sep 30, 2025 | 100.00% |
| Jun 30, 2025 | 94.15% |
| Mar 31, 2025 | 88.20% |
| Dec 31, 2024 | 88.16% |
| Sep 30, 2024 | 99.93% |
| Jun 30, 2024 | 94.17% |
| Mar 31, 2024 | 92.73% |
| Dec 31, 2023 | 166.10% |
| Sep 30, 2023 | 86.79% |
| Jun 30, 2023 | 65.93% |
| Mar 31, 2023 | 66.75% |
| Dec 31, 2022 | 25.54% |
| Sep 30, 2022 | 79.16% |
| Jun 30, 2022 | 79.59% |
| Mar 31, 2022 | 84.62% |
| Dec 31, 2021 | -3.93% |
| Sep 30, 2021 | 83.55% |
| Jun 30, 2021 | 94.89% |