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
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