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
DateValue
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