Wynn Resorts (WYNN) Gross Margin (2009 - 2026)
Wynn Resorts (WYNN) posted Gross Margin of 94.08% for Q1 2026, little changed on a QoQ basis from 94.12% in Q4 2025, and up 218.0% year-over-year from 29.59% in Q1 2025.
Wynn Resorts (WYNN) Gross Margin (2009 - 2026) Analysis & Trends
Wynn Resorts' Gross Margin history runs 18 years deep, the most recent figure standing at 94.08% for 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 was 94.08% for Q1 2026 at Wynn Resorts, roughly flat from 94.12% in the prior quarter.
- Across five years, Gross Margin topped out at 112.34% in Q4 2023 and bottomed at 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 slumped 2695 bps — and 2024, when it soared 3124 bps.
- Wynn Resorts' Gross Margin stood at 91.78% in 2022, then advanced by 22 bps to 112.34% in 2023, then slipped by 22 bps to 87.71% in 2024, then rose by 7 bps to 94.12% in 2025, then retreated by 0 bps to 94.08% in 2026.
- Business Quant data shows WYNN's Gross Margin at 94.08% in Q1 2026, 94.12% in Q4 2025, and 78.26% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 97.43% |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 97.02% |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 94.08% |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 98.68% |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | - |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 96.69% |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | - |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 95.41% |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 85.38% |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | 87.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 91.83% |