Wynn Resorts (WYNN) Gross Margin (2009 - 2026)
Wynn Resorts' (WYNN) quarterly Gross Margin came in at 94.08% in Q1 2026, up 218.0% YoY from 29.59% in Q1 2025, and little changed on a QoQ basis from 94.12% in Q4 2025.
Wynn Resorts (WYNN) Gross Margin (2009 - 2026) Analysis & Trends
Wynn Resorts (WYNN) has 18 years of Gross Margin data on file, last reported at 94.08% in Q1 2026.
- Quarterly Gross Margin rose 218.0% year-over-year to 94.08% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 86.24% (down 623.0% YoY) and the FY2025 annual result came in at 94.2%, up 168.0% from the prior year.
- Gross Margin steadied at 94.08% in Q1 2026, from 94.12% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 112.34% in Q4 2023 to a low of 65.45% in Q3 2023.
- A 5-year average of 88.22% and a median of 91.9% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin tumbled 2695 bps — and 2024, when it soared 3124 bps.
- Tracing WYNN's Gross Margin over 5 years: stood at 91.78% in 2022, then rose by 22 bps to 112.34% in 2023, then retreated by 22 bps to 87.71% in 2024, then grew by 7 bps to 94.12% in 2025, then declined by 0 bps to 94.08% in 2026.
- The last three Gross Margin figures came in at 94.08% (Q1 2026), 94.12% (Q4 2025), and 78.26% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 57.23% |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 69.69% |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 61.15% |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 74.13% |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 68.09% |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 97.80% |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | 36.75% |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 82.32% |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 55.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 61.15% |
| Mar 31, 2026 | 94.08% |
| Dec 31, 2025 | 94.12% |
| Sep 30, 2025 | 78.26% |
| Jun 30, 2025 | 77.81% |
| Mar 31, 2025 | 91.90% |
| Dec 31, 2024 | 87.71% |
| Sep 30, 2024 | 96.68% |
| Jun 30, 2024 | 93.96% |
| Mar 31, 2024 | 88.95% |
| Dec 31, 2023 | 112.34% |
| Sep 30, 2023 | 65.45% |
| Jun 30, 2023 | 65.93% |
| Mar 31, 2023 | 94.89% |
| Dec 31, 2022 | 91.78% |
| Sep 30, 2022 | 92.39% |
| Jun 30, 2022 | 79.59% |
| Mar 31, 2022 | 93.84% |
| Dec 31, 2021 | 80.28% |
| Sep 30, 2021 | 83.55% |