Wynn Resorts (WYNN) Operating Expenses (2009 - 2026)
Wynn Resorts' (WYNN) quarterly Operating Expenses came in at $1.6 billion in Q2 2026, up 5.85% on a YoY basis from $1.5 billion in Q2 2025, and down 0.94% quarter-over-quarter from $1.6 billion in Q1 2026.
Analysis
Wynn Resorts (WYNN) Operating Expenses (2009 - 2026) Analysis & Trends
Wynn Resorts (WYNN) has reported Operating Expenses for 18 consecutive years, with $1.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 5.85% year-over-year to $1.6 billion; the trailing twelve-month figure through Jun 2026 stood at $6.2 billion (up 5.24% YoY), and the FY2025 full-year result was $6.0 billion, changed 0.41% from the prior year.
- Operating Expenses slipped to $1.6 billion in Q2 2026 per WYNN's latest filing, from $1.6 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.6 billion in Q3 2023 and bottomed at $905.7 million in Q4 2022.
- Historically, Operating Expenses has averaged $1.4 billion across 5 years, with a median of $1.5 billion in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses slipped 21.09% in 2022, then soared 70.71% in 2023.
- Over 5 years, Operating Expenses stood at $905.7 million in 2022, then surged by 63.71% to $1.5 billion in 2023, then decreased by 0.73% to $1.5 billion in 2024, then gained by 8.11% to $1.6 billion in 2025, then declined by 2.01% to $1.6 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.6 billion, $1.6 billion, and $1.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.90 Bn | 24.52 Bn | 1.81 Bn | 2.54 Bn |
| 2 | MGM Resorts International | 10.33 Bn | 7.78 Bn | 3.10 Bn | 3.97 Bn |
| 3 | Wynn Resorts | 9.08 Bn | 7.50 Bn | 1.14 Bn | 1.56 Bn |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 2.48 Bn |
| 5 | Churchill Downs | 5.79 Bn | 5.59 Bn | 712.00 Mn | 623.00 Mn |
| 6 | Boyd Gaming | 5.71 Bn | 5.39 Bn | 766.76 Mn | 833.69 Mn |
| 7 | Red Rock Resorts | 3.17 Bn | 2.56 Bn | 420.02 Mn | 374.27 Mn |
| 8 | PENN Entertainment | 2.28 Bn | 1.39 Bn | 1.02 Bn | 1.73 Bn |
| 9 | Monarch Casino & Resort | 2.14 Bn | 2.00 Bn | 38.62 Mn | 103.97 Mn |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.42 Bn | 1.05 Bn | -1.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.56 Bn |
| Mar 31, 2026 | 1.57 Bn |
| Dec 31, 2025 | 1.59 Bn |
| Sep 30, 2025 | 1.52 Bn |
| Jun 30, 2025 | 1.47 Bn |
| Mar 31, 2025 | 1.43 Bn |
| Dec 31, 2024 | 1.47 Bn |
| Sep 30, 2024 | 1.56 Bn |
| Jun 30, 2024 | 1.46 Bn |
| Mar 31, 2024 | 1.50 Bn |
| Dec 31, 2023 | 1.48 Bn |
| Sep 30, 2023 | 1.61 Bn |
| Jun 30, 2023 | 1.35 Bn |
| Mar 31, 2023 | 1.25 Bn |
| Dec 31, 2022 | 905.73 Mn |
| Sep 30, 2022 | 942.71 Mn |
| Jun 30, 2022 | 960.86 Mn |
| Mar 31, 2022 | 1.05 Bn |
| Dec 31, 2021 | 1.15 Bn |
| Sep 30, 2021 | 1.08 Bn |