Wynn Resorts (WYNN) Operating Expenses (2009 - 2026)
Wynn Resorts (WYNN) reported Operating Expenses of $1.6 billion for Q1 2026, up 9.94% on a YoY basis from $1.4 billion in Q1 2025, and down 1.08% quarter-over-quarter from $1.6 billion in Q4 2025.
Wynn Resorts (WYNN) Operating Expenses (2009 - 2026) Analysis & Trends
Wynn Resorts has reported Operating Expenses for 18 years, with the latest figure at $1.6 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 9.94% year-over-year to $1.6 billion; the trailing twelve-month figure through Mar 2026 stood at $6.2 billion (up 3.96% YoY), and the FY2025 full-year result was $6.0 billion, changed 0.41% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.6 billion, down from $1.6 billion in the prior quarter.
- The five-year high for Operating Expenses was $1.6 billion in Q3 2023, with the low 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.
- Annual changes were most pronounced in 2022 — Operating Expenses decreased 21.09% — and 2023, when it surged 70.71%.
- Wynn Resorts' Operating Expenses stood at $905.7 million in 2022, then soared by 63.71% to $1.5 billion in 2023, then fell by 0.73% to $1.5 billion in 2024, then increased by 8.11% to $1.6 billion in 2025, then dropped by 1.08% to $1.6 billion in 2026.
- The last three Operating Expenses figures came in at $1.6 billion (Q1 2026), $1.6 billion (Q4 2025), and $1.5 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 1.57 Bn |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 833.36 Mn |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | -1.09 Bn |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 2.37 Bn |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | - |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 1.14 Bn |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 363.64 Mn |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 1.17 Bn |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 1.68 Bn |
| 10 | Monarch Casino & Resort | 2.19 Bn | 2.07 Bn | 34.95 Mn | 101.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.02 Bn |