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
DateValue
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%