Filing Flows › Wynn Resorts (WYNN) › Q2 2025
Wynn Resorts (WYNN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Wynn Resorts (WYNN) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), +0.3% from a year earlier and +2% from the quarter before. Operating margin was 15.2%, net earnings $66.2M (3.8% of revenue).
Wynn Resorts, Q2 2025: revenue $1.7B (+0.3% year over year), operating margin 15.2%, net earnings $66.2M, operating cash flow $405M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +2% | +0.3% |
| Operating profit | $265M | -1% | -2% |
| Net earnings | $66.2M | -9% | -41% |
| Operating cash flow | $405M | +203% | +15% |
| Free cash flow | $240M | — | -7% |
What changed
Revenue was $1.7B in Q2 2025, roughly flat year over year and up 2% from the previous quarter. Casino was the largest line at 61% of revenue. Casino added $0.04B year over year (up 4%), 882% of the total change. Food and beverage declined 7%.
Operating profit was $0.26B, a 15.2% margin (down 0.3 points year over year). Operating profit fell $0.01B even though revenue rose $4.9M versus a year earlier, so costs grew faster than sales. Total costs grew 1% against flat revenue. Net earnings were $0.07B, down 41% year over year. The effective tax rate was 12.1%.
Operating cash flow was $0.41B (up 15% year over year), 526% of net income including minority interests. Non-cash charges added back $0.15B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.15B. Capital expenditures of $0.17B left free cash flow of $0.24B.
Questions
What was Wynn Resorts' revenue in the second quarter 2025?
Wynn Resorts (WYNN) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), +0.3% from a year earlier and +2% from the quarter before.
Was Wynn Resorts profitable in the second quarter 2025?
Operating profit was $265M (15.2% of revenue) and net earnings $66.2M.
Source: Wynn Resorts 10-Q on SEC EDGAR.