Wynn Resorts (WYNN) Operating Expenses (2009 - 2026)
Wynn Resorts (WYNN) posted Operating Expenses of $1.6 billion for Q1 2026, down 1.08% on a QoQ basis from $1.6 billion in Q4 2025, and up 9.94% year-over-year from $1.4 billion in Q1 2025.
Wynn Resorts (WYNN) Operating Expenses (2009 - 2026) Analysis & Trends
Wynn Resorts' Operating Expenses history runs 18 years deep, the most recent figure standing at $1.6 billion for Q1 2026.
- Quarterly Operating Expenses rose 9.94% year-over-year to $1.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.2 billion (up 3.96% YoY) and the FY2025 annual result came in at $6.0 billion, changed 0.41% from the prior year.
- Operating Expenses was $1.6 billion for Q1 2026 at Wynn Resorts, down 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.
- A 5-year average of $1.4 billion and a median of $1.5 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses declined 21.09% — and 2023, when it surged 70.71%.
- Wynn Resorts' 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 fell by 1.08% to $1.6 billion in 2026.
- Business Quant data shows WYNN's Operating Expenses at $1.6 billion in Q1 2026, $1.6 billion in Q4 2025, and $1.5 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 2.68 Bn |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 4.16 Bn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 1.57 Bn |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 833.36 Mn |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | -1.19 Bn |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 2.37 Bn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | - |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 1.14 Bn |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 363.64 Mn |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | -148.69 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 |