Filing Flows › Wynn Resorts (WYNN) › Q3 2026 › vs Q2 2026
Wynn Resorts (WYNN) Q3 2026 vs Q2 2026 (quarter over quarter)
Wynn Resorts's revenue fell $168M (-9%) from $1.9B in Q2 2026 to $1.7B in Q3 2026. The biggest changes: Casino −$125M (-11%); Rooms −$28.8M (-10%); Entertainment, retail and other −$7.6M (-6%). Operating margin 10.6% against 16.0% (-5.5 pts).
Wynn Resorts, Q3 2026: revenue $1.7B (-8% year over year), operating margin 10.6%, net earnings $17.3M, operating cash flow $96.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 10.6% | 16.0% | -5.5 pts |
| Net margin | 1.0% | 7.5% | -6.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Casino | $1.1B | $1.2B | −$125M | -11% |
| Rooms | $261M | $290M | −$28.8M | -10% |
| Food and beverage | $258M | $264M | −$6.7M | -3% |
| Entertainment, retail and other | $119M | $127M | −$7.6M | -6% |
| Revenue | $1.7B | $1.9B | −$168M | -9% |
| Operating profit | $178M | $298M | −$119M | -40% |
| Costs & expenses | $1.5B | $1.6B | −$48.5M | -3% |
| Pre-tax earnings | $42.3M | $199M | −$156M | -79% |
| Other expense, net | $136M | $98.9M | $37.0M | +37% |
| SG&A | $276M | $270M | $6.3M | +2% |
| Other operating costs | $1.2B | $1.3B | −$54.8M | -4% |
| Net earnings | $17.3M | $140M | −$123M | -88% |
| Minority interests | $19.4M | $42.5M | −$23.1M | -54% |
| Income tax | $5.6M | $16.2M | −$10.6M | -65% |
| Operating cash sources | $204M | $322M | −$118M | -37% |
| Depreciation & amortization | $167M | $165M | $1.4M | +0.8% |
| Share-based compensation | $20.2M | $16.9M | $3.3M | +20% |
| Working capital & other | $107M | −$170M | $277M | — |
| Operating cash flow | $96.8M | $492M | −$395M | -80% |
| Capital expenditures | $202M | $153M | $48.6M | +32% |
| Negative free cash flow (OCF − capex) | $105M | −$339M | $444M | — |
Questions
How much did Wynn Resorts's revenue grow quarter over quarter in Q3 2026?
Wynn Resorts's revenue fell $168M (-9%) from $1.9B in Q2 2026 to $1.7B in Q3 2026.
What drove Wynn Resorts's revenue change in Q3 2026?
Casino −$125M (-11%); Rooms −$28.8M (-10%); Entertainment, retail and other −$7.6M (-6%).