Wynn Resorts (WYNN) Operating Margin (2009 - 2026)
Wynn Resorts (WYNN) reported Operating Margin of 15.22% for Q1 2026, down 58.0% on a YoY basis from 36.24% in Q1 2025, and up 3.39% quarter-over-quarter from 14.72% in Q4 2025.
Wynn Resorts (WYNN) Operating Margin (2009 - 2026) Analysis & Trends
Wynn Resorts has reported Operating Margin for 18 years, with the latest figure at 15.22% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 58.0% year-over-year to 15.22%; the trailing twelve-month figure through Mar 2026 stood at 15.52% (up 62.0% YoY), and the FY2025 full-year result was 15.67%, down 22.0% from the prior year.
- Operating Margin for Q1 2026 stood at 15.22%, up from 14.72% in the prior quarter.
- The five-year high for Operating Margin was 19.95% in Q4 2024, with the low at 9.95% in Q1 2022.
- Historically, Operating Margin has averaged 10.58% across 5 years, with a median of 15.22% in 2026.
- Annual changes were most pronounced in 2023 — Operating Margin surged 2186 bps — and 2025, when it tumbled 523 bps.
- Wynn Resorts' Operating Margin stood at 9.87% in 2022, then jumped by 97 bps to 19.44% in 2023, then gained by 3 bps to 19.95% in 2024, then dropped by 26 bps to 14.72% in 2025, then gained by 3 bps to 15.22% in 2026.
- The last three Operating Margin figures came in at 15.22% (Q1 2026), 14.72% (Q4 2025), and 16.93% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 15.22% |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 16.44% |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 195.99% |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 17.42% |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 31.83% |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | -2.96% |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 28.32% |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 4.77% |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 5.46% |
| 10 | Monarch Casino & Resort | 2.19 Bn | 2.07 Bn | 34.95 Mn | -48.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.22% |
| Dec 31, 2025 | 14.72% |
| Sep 30, 2025 | 16.93% |
| Jun 30, 2025 | 15.23% |
| Mar 31, 2025 | 15.80% |
| Dec 31, 2024 | 19.95% |
| Sep 30, 2024 | 7.87% |
| Jun 30, 2024 | 15.56% |
| Mar 31, 2024 | 19.48% |
| Dec 31, 2023 | 19.44% |
| Sep 30, 2023 | 3.74% |
| Jun 30, 2023 | 15.69% |
| Mar 31, 2023 | 11.91% |
| Dec 31, 2022 | 9.87% |
| Sep 30, 2022 | -5.96% |
| Jun 30, 2022 | -5.72% |
| Mar 31, 2022 | -9.95% |
| Dec 31, 2021 | -10.13% |
| Sep 30, 2021 | -8.41% |
| Jun 30, 2021 | -2.98% |