Wynn Resorts (WYNN) Operating Expenses (2009 - 2026)
Wynn Resorts' (WYNN) quarterly Operating Expenses came in at $1.6 billion in Q1 2026, up 9.94% YoY from $1.4 billion in Q1 2025, and down 1.08% on a QoQ basis from $1.6 billion in Q4 2025.
Wynn Resorts (WYNN) Operating Expenses (2009 - 2026) Analysis & Trends
Wynn Resorts (WYNN) has 18 years of Operating Expenses data on file, last reported at $1.6 billion in 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 slipped to $1.6 billion in Q1 2026, from $1.6 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.6 billion in Q3 2023 to a low of $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 decreased 21.09% — and 2023, when it surged 70.71%.
- Tracing WYNN's Operating Expenses over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.78 Bn | 27.40 Bn | 1.81 Bn | 2.54 Bn |
| 2 | MGM Resorts International | 11.10 Bn | 8.55 Bn | 3.10 Bn | 3.97 Bn |
| 3 | Wynn Resorts | 10.30 Bn | 8.73 Bn | 1.14 Bn | 1.56 Bn |
| 4 | Caesars Entertainment | 6.07 Bn | 5.01 Bn | 2.04 Bn | 2.48 Bn |
| 5 | Boyd Gaming | 6.06 Bn | 5.73 Bn | 766.76 Mn | 833.69 Mn |
| 6 | Vail Resorts | 5.46 Bn | 5.09 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.91 Bn | 3.61 Bn | 1.29 Bn | 1.16 Bn |
| 8 | Hilton Grand Vacations | 3.57 Bn | 3.30 Bn | 499.00 Mn | 1.27 Bn |
| 9 | Red Rock Resorts | 3.53 Bn | 2.93 Bn | 420.02 Mn | 374.27 Mn |
| 10 | PENN Entertainment | 2.49 Bn | 1.60 Bn | 1.02 Bn | 1.73 Bn |
Historic Data
Download 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 |