Filing Flows › Wynn Resorts (WYNN) › Q4 2025
Wynn Resorts (WYNN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
Wynn Resorts (WYNN) reported revenue of $1.9B for the fourth quarter 2025 (Q4 2025), +1% from a year earlier and +2% from the quarter before. Operating margin was 14.7%, net earnings $100M (5.4% of revenue).
Wynn Resorts, Q4 2025: revenue $1.9B (+2% year over year), operating margin 14.7%, net earnings $100M, operating cash flow $478M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | +2% | +1% |
| Operating profit | $275M | -12% | -25% |
| Net earnings | $100M | +13% | -64% |
| Operating cash flow | $478M | +42% | -0.2% |
| Free cash flow | $307M | +79% | -13% |
What changed
Revenue was $1.9B in Q4 2025, up 1% year over year and up 2% from the previous quarter. Casino was the largest line at 61% of revenue.
Operating profit was $0.27B, a 14.7% margin (down 5.2 points year over year). Operating profit fell $0.09B even though revenue rose $0.03B versus a year earlier, so costs grew faster than sales. Total costs grew 8% against revenue growth of 1%. Net earnings were $0.10B, down 64% year over year. The effective tax rate was 15.4%.
Operating cash flow was $0.48B (roughly flat year over year), 391% of net income including minority interests. Non-cash charges added back $0.16B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.18B. Capital expenditures of $0.17B left free cash flow of $0.31B.
Questions
What was Wynn Resorts' revenue in the fourth quarter 2025?
Wynn Resorts (WYNN) reported revenue of $1.9B for the fourth quarter 2025 (Q4 2025), +1% from a year earlier and +2% from the quarter before.
Was Wynn Resorts profitable in the fourth quarter 2025?
Operating profit was $275M (14.7% of revenue) and net earnings $100M.
Source: Wynn Resorts 10-K on SEC EDGAR.