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Wynn Resorts cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$105M in Q3 2026 · $515M over twelve months

Operating cash flow$96.8M
Capital spending−$202M
Free cash flow−$105M
Cash / net income2.6×

Analysis

In Q3 2026, Wynn Resorts generated $96.8M of operating cash flow and spent $202M on capital projects, leaving free cash flow of −$105M. That is $277M less than in Q3 2025 ($172M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.2B; the largest uses were capital spending ($705M), buybacks ($224M), dividends ($189M); besides operations, cash came from net borrowing (+) / repaid (−) ($183M), asset & business sales ($9.8M); the cash balance rose by $155M.

Operating cash flow was $96.8M against net income of $36.8M — 2.6× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$167M, payables −$65.6M, receivables −$30.4M.

Free cash flow

Wynn Resorts: free cash flow by quarterWynn Resorts: free cash flow by quarter$352MQ4 2024−$26.2MQ1 2025$240MQ2 2025$172MQ3 2025$307MQ4 2025−$25.6MQ1 2026$339MQ2 2026−$105MQ3 2026
Operating cash flow less capital spending.
Wynn Resorts: operating cash flow against capital spendingWynn Resorts: operating cash flow against capital spendingOperating cash flowCapital spending$479M$127MQ4 2024$134M$160MQ1 2025$405M$165MQ2 2025$336M$164MQ3 2025$478M$171MQ4 2025$153M$179MQ1 2026$492M$153MQ2 2026$96.8M$202MQ3 2026
Latest (Q3 2026): Operating cash flow $96.8M, Capital spending $202M.

Capital allocation, year by year

Wynn Resorts: where the cash came from (up) and went (down), by fiscal yearWynn Resorts: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow −$223MFY2021: Net borrowing −$1.2BFY2021: Shares issued $4.7MFY2021: Asset sales $4.3MFY2021: Capital spending −$291MFY2021: Buybacks −$13.8MFY2021: Dividends −$1.6M$8.9MFY2021FY2022: Operating cash flow −$71.3MFY2022: Net borrowing $143MFY2022: Shares issued $2.9MFY2022: Asset sales $1.5MFY2022: Capital spending −$300MFY2022: Buybacks −$187MFY2022: Dividends −$1.4M$148MFY2022FY2023: Operating cash flow $1.2BFY2023: Net borrowing −$352MFY2023: Shares issued $2.0MFY2023: Asset sales $1.2MFY2023: Capital spending −$443MFY2023: Buybacks −$212MFY2023: Dividends −$84.7M$1.3BFY2023FY2024: Operating cash flow $1.4BFY2024: Net borrowing −$1.2BFY2024: Shares issued $1.0MFY2024: Asset sales $52.4MFY2024: Capital spending −$420MFY2024: Buybacks −$402MFY2024: Dividends −$140M$1.5BFY2024FY2025: Operating cash flow $1.4BFY2025: Net borrowing −$36.1MFY2025: Shares issued $457KFY2025: Asset sales $1.5MFY2025: Capital spending −$660MFY2025: Buybacks −$380MFY2025: Dividends −$175M$1.4BFY2025
Over these 5 years operating cash flow totalled $3.7B; the largest uses were net borrowing ($2.7B) and capital spending ($2.1B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.6B
Debt$10.7B
Net debt$9.1B
Due within a year$9.4M

Wynn Resorts funds itself: free cash flow was $515M over the last twelve months, and $1.6B of cash and investments stands against $10.7B of debt ($9.4M due within a year, 174.5× covered by cash).

Wynn Resorts: debt maturities by year (FY2025)Wynn Resorts: debt maturities by year (FY2025)$9.4MYear 1$2.9BYear 2$2.5BYear 3$1.8BYear 4$640MYear 5$2.8BAfter year 5
Principal due in each year as disclosed in the annual report, against $1.6B of cash and investments now.

Where the cash came from and went

Wynn Resorts: sources (+) and uses (−) of cash, Q3 2026Wynn Resorts: sources (+) and uses (−) of cash, Q3 2026Other investing$318MCapital spending−$202MOperating cash flow$96.8MCash drawn (+) / kept (−)−$70.2MDividends−$68.3MBuybacks−$58.1MOther financing−$20.4MNet borrowing (+) / repaid (−)$3.5MAsset & business sales$932KExchange rates−$721K
Wynn Resorts: sources (+) and uses (−) of cash, TTM to Q3 2026Wynn Resorts: sources (+) and uses (−) of cash, 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 profit to cash

Wynn Resorts: net income to operating cash flow, Q3 2026Wynn Resorts: net income to operating cash flow, Q3 2026Net income$36.8MDepreciation & amortization$167MStock-based pay$20.2MDeferred taxes$1.5MReceivables−$30.4MPayables−$65.6MDeferred revenue$15.2MOperating cash flow$96.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$96.8M−$202M−$58.1M−$68.3M$3.5M—−$70.2M−$105M
Q2 2026$492M−$153M−$95.5M−$68.1M−$6.8M—−$384M$339M
Q1 2026$153M−$179M−$70.0M−$26.9M−$6.9M—$277M−$25.6M
Q4 2025$478M−$171M−$448K−$25.8M−$6.6M—$22.8M$307M
Q3 2025$336M−$164M−$2.0M−$60.6M−$6.5M$303K$497M$172M
Q2 2025$405M−$165M−$166M−$61.5M−$6.3M$154K$85.4M$240M
Q1 2025$134M−$160M−$212M−$26.8M−$16.7M—$356M−$26.2M
Q4 2024$479M−$127M−$204M−$27.5M−$1.2B—$1.2B$352M

Wynn Resorts: income statement and cash flow

Wynn Resorts, Q3 2026: revenue $1.7B (-8% year over year), operating margin 10.6%. The chart follows the revenue to costs, profit and cash.

Wynn Resorts: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.