Filing Flows › Wynn Resorts (WYNN) › Q3 2025
Wynn Resorts (WYNN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Wynn Resorts (WYNN) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), +8% from a year earlier and +6% from the quarter before. Operating margin was 16.9%, net earnings $88.3M (4.8% of revenue).
Wynn Resorts, Q3 2025: revenue $1.8B (+8% year over year), operating margin 16.9%, net earnings $88.3M, operating cash flow $336M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +6% | +8% |
| Operating profit | $310M | +17% | +133% |
| Net earnings | $88.3M | +33% | — |
| Operating cash flow | $336M | -17% | +20% |
| Free cash flow | $172M | -28% | -3% |
What changed
Revenue was $1.8B in Q3 2025, up 8% year over year and up 6% from the previous quarter. Casino was the largest line at 64% of revenue. Casino added $0.16B year over year (up 15%), 111% of the total change. Rooms declined 5%.
Operating profit was $0.31B, a 16.9% margin (up 9.1 points year over year). Of the extra revenue versus a year earlier, 126% reached operating profit, above the 8% margin then. Total costs fell 2% while revenue rose 8%. Net earnings were $0.09B. The effective tax rate was 32.3%.
Operating cash flow was $0.34B (up 20% year over year), 261% of net income including minority interests. Non-cash charges added back $0.15B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.16B left free cash flow of $0.17B.
Questions
What was Wynn Resorts' revenue in the third quarter 2025?
Wynn Resorts (WYNN) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), +8% from a year earlier and +6% from the quarter before.
Was Wynn Resorts profitable in the third quarter 2025?
Operating profit was $310M (16.9% of revenue) and net earnings $88.3M.
Source: Wynn Resorts 10-Q on SEC EDGAR.