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Wynn Resorts (WYNN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Wynn Resorts (WYNN) Q3 2026 earnings results →

Q3 2026 Revenue down 8% year over year to $1.7B · 1¢ of every $1 of revenue kept as net profit · operating margin 10.6%

Wynn Resorts made $1.7B in Q3 2026 (-8% Y/Y): Casino $1.1B, Rooms $261M, Food and beverage $258M. Operating margin 10.6%, net earnings $17.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$1.7B
Year over year-8%
Operating margin10.6%
Net earnings$17.3M
Operating cash flow$96.8M

Drawing the Sankey…

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Wynn Resorts Q3 2026 revenue breakdown: Sankey diagram of revenue (Casino, Rooms, Food and beverage, Entertainment, retail and other), costs, profit and cash flow
Wynn Resorts Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $1.7B in Q3 2026, down 8% year over year and down 9% from the previous quarter. Casino was the largest line at 62% of revenue. Casino lost $0.12B year over year (down 11%), 86% of the total change.

Operating profit was $0.18B, a 10.6% margin (down 6.4 points year over year). Total costs fell 1% while revenue fell 8%. Net earnings were $0.02B, down 80% year over year. The effective tax rate was 13.2%.

Operating cash flow was $0.10B (down 71% year over year), 263% of net income including minority interests. Non-cash charges added back $0.17B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.20B exceeded it, leaving free cash flow of −$0.10B.

Quarterly history

Wynn Resorts revenue by quarterWynn Resorts revenue by quarter$1.7BQ1 2025$1.7BQ2 2025$1.8BQ3 2025$1.9BQ4 2025$1.9BQ1 2026$1.9BQ2 2026$1.7BQ3 2026
Wynn Resorts net earnings by quarterWynn Resorts net earnings by quarter$72.7MQ1 2025$66.2MQ2 2025$88.3MQ3 2025$100MQ4 2025$120MQ1 2026$140MQ2 2026$17.3MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$1.7B-8%10.6%$17.3M$96.8M
Q2 202610-QAug 6, 2026$1.9B+7%16.0%$140M$492M
Q1 202610-QMay 7, 2026$1.9B+9%15.2%$120M$153M
Q4 202510-KMar 2, 2026$1.9B+2%14.7%$100M$478M
Q3 202510-QNov 6, 2025$1.8B+8%16.9%$88.3M$336M
Q2 202510-QAug 7, 2025$1.7B+0.3%15.2%$66.2M$405M
Q1 202510-QMay 6, 2025$1.7B-9%15.8%$72.7M$134M

Charts

Wynn Resorts: revenue growth, year over year and quarter over quarterWynn Resorts: revenue growth, year over year and quarter over quarterY/YQ/Q-9%Q1 2025+0%+2%Q2 2025+8%+6%Q3 2025+2%+2%Q4 2025+9%0%Q1 2026+7%+0%Q2 2026-8%-9%Q3 2026
Latest (Q3 2026): Y/Y -8%, Q/Q -9%.
Wynn Resorts: where the cash came from (+) and went (−), TTM to Q3 2026Wynn Resorts: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.2BCapital spending−$705MBuybacks−$224MDividends−$189MNet borrowing (+) / repaid (−)$183MCash drawn (+) / kept (−)−$155MOther financing−$71.3MOther investing−$63.7MAsset & business sales$9.8MExchange rates−$6.2MShares issued$883K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Wynn Resorts: profit against cash, quarter by quarterWynn Resorts: profit against cash, quarter by quarterNet incomeOperating cash flow$322M$479MQ4 2024$81.4M$134MQ1 2025$77.0M$405MQ2 2025$128M$336MQ3 2025$122M$478MQ4 2025$151M$153MQ1 2026$183M$492MQ2 2026$36.8M$96.8MQ3 2026
Latest (Q3 2026): Net income $36.8M, Operating cash flow $96.8M.
Wynn Resorts: diluted shares by fiscal yearWynn Resorts: diluted shares by fiscal year107MFY2020114MFY2021114MFY2022113MFY2023110MFY2024104MFY2025
-2.3% since FY2020: buybacks shrank the count.
Wynn Resorts: long-term debt falling due (FY2025)Wynn Resorts: long-term debt falling due (FY2025)$9.4M2026$2.9B2027$2.5B2028$1.8B2029$640M2030$2.8BLater
Cash $1.5B, short-term investments —, long-term debt $10.5B at 2025-12-31.
Wynn Resorts in its industry: growth against margin (22 companies, SIC 7011)Wynn Resorts in its industry: growth against margin (22 companies, SIC 7011)revenue growth, year over year →↑ operating marginmedian +2%median 11%MARMGMHLTLVSCZRPENNHTNLBYDBALYPKRRRCHHWHXHRSHOCNTYMCRIFLLBally's Chicago, Inc.HIGRWYNN (-8%, 11%)
Hotels & Motels; dot size is quarterly revenue; dashed lines are the industry's medians.

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Wynn Resorts

Wynn Resorts, Limited ("Wynn Resorts," "Wynn," or together with its subsidiaries, "we" or the "Company") is a preeminent designer, developer, and operator of integrated resorts featuring luxury hotel rooms, high-end retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming, all supported by an unparalleled focus on our guests, our people, and our community. We believe that our extensive design and operational experience across numerous gaming jurisdictions provides us with a distinct advantage over other gaming enterprises.

In its own words, from its 10-K, filed Mar 2, 2026.

Wynn Resorts against its Hotels & Motels peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -8% against the peers' median +2%. Operating margin: 10.6% against the peers' median 15.5%.

CompanyQuarterRevenueY/YOp. margin
WYNN Wynn ResortsQ3 2026$1.7B-8%10.6%
MAR Marriott InternationalQ3 2026$7.0B+8%18.2%
MGM MGM Resorts InternationalQ3 2026$4.2B-0.9%2.8%
HLT Hilton Worldwide HoldingsQ3 2026$3.3B+7%27.3%
LVS Las Vegas SandsQ3 2026$3.2B-4%19.2%
CZR Caesars EntertainmentQ3 2026$2.9B+2%15.5%
PENN Penn EntertainmentQ3 2026$1.8B+7%6.9%
H Hyatt HotelsQ3 2026$1.7B-2%4.5%
TNL Travel & LeisureQ3 2026$1.1B+6%17.7%

Source: Wynn Resorts 10-Q on SEC EDGAR · CIK 1174922 · Hotels & Motels

Guidance and outlook

Wynn Resorts: what its forward-looking statements are about (10-Q filed 2026-11-05)Wynn Resorts: what its forward-looking statements are about (10-Q filed 2026-11-05)Capital spending8Other5The economy1Buybacks & dividends1Financing1Legal & regulation1
17 statements; tone +0.00 (−1 all cautious, +1 all confident); 1 hedged.

13F: who owns WYNN and who is buying

Largest holders of WYNN (13F)Largest holders of WYNN (13F)Vanguard Group$1.1BCapital World Investors$955MBlackRock$610MVanguard Capital Management LLC$495MFMR LLC$453MState Street$296MVanguard Portfolio Management LLC$287MInvesco$246MGeode Capital Management, LLC$233MNeuberger Berman Group LLC$190M
Funds' net buying of WYNN by quarter (13F)Funds' net buying of WYNN by quarter (13F)$326M2024-09$84.9M2024-12−$42.9M2025-03$237M2025-06−$311M2025-09−$18.4M2025-12$284M2026-03$252M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on WYNN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：永利（WYNN）财报

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