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Wynn Resorts (WYNN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Wynn Resorts (WYNN) reported revenue of $1.9B for the first quarter 2026 (Q1 2026), +9% from a year earlier and -0.5% from the quarter before. Operating margin was 15.2%, net earnings $120M (6.5% of revenue).
Wynn Resorts, Q1 2026: revenue $1.9B (+9% year over year), operating margin 15.2%, net earnings $120M, operating cash flow $153M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -0.5% | +9% |
| Operating profit | $283M | +3% | +5% |
| Net earnings | $120M | +20% | +66% |
| Operating cash flow | $153M | -68% | +15% |
What changed
Revenue was $1.9B in Q1 2026, up 9% year over year and roughly flat from the previous quarter. Casino was the largest line at 63% of revenue. Casino added $0.14B year over year (up 13%), 87% of the total change. Entertainment, retail and other declined 4%.
Operating profit was $0.28B, a 15.2% margin (down 0.6 points year over year). Of the extra revenue versus Q1 2025, 9% reached operating profit, below the 16% margin then. Total costs grew 10% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.12B, up 66% year over year. The effective tax rate was 6.3%.
Operating cash flow was $0.15B (up 15% year over year), 102% of net income including minority interests. Non-cash charges added back $0.16B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.18B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was Wynn Resorts' revenue in the first quarter 2026?
Wynn Resorts (WYNN) reported revenue of $1.9B for the first quarter 2026 (Q1 2026), +9% from a year earlier and -0.5% from the quarter before.
Was Wynn Resorts profitable in the first quarter 2026?
Operating profit was $283M (15.2% of revenue) and net earnings $120M.
Source: Wynn Resorts 10-Q on SEC EDGAR.