Wynn Resorts (WYNN) Operating Margin (2009 - 2026)
Wynn Resorts (WYNN) posted Operating Margin of 15.22% for Q1 2026, up 3.39% on a QoQ basis from 14.72% in Q4 2025, and down 58.0% year-over-year from 36.24% in Q1 2025.
Wynn Resorts (WYNN) Operating Margin (2009 - 2026) Analysis & Trends
Wynn Resorts' Operating Margin history runs 18 years deep, the most recent figure standing at 15.22% for Q1 2026.
- Quarterly Operating Margin fell 58.0% year-over-year to 15.22% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.52% (up 62.0% YoY) and the FY2025 annual result came in at 15.67%, down 22.0% from the prior year.
- Operating Margin was 15.22% for Q1 2026 at Wynn Resorts, up from 14.72% in the prior quarter.
- Across five years, Operating Margin topped out at 19.95% in Q4 2024 and bottomed at 9.95% in Q1 2022.
- A 5-year average of 10.58% and a median of 15.22% in 2026 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin surged 2186 bps — and 2025, when it slumped 523 bps.
- Wynn Resorts' Operating Margin stood at 9.87% in 2022, then soared by 97 bps to 19.44% in 2023, then climbed by 3 bps to 19.95% in 2024, then fell by 26 bps to 14.72% in 2025, then climbed by 3 bps to 15.22% in 2026.
- Business Quant data shows WYNN's Operating Margin at 15.22% in Q1 2026, 14.72% in Q4 2025, and 16.93% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 25.22% |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 6.76% |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 15.22% |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 16.44% |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | - |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 17.42% |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | 41.00% |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 6.54% |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 28.32% |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | 172.06% |
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% |