Saturday 31 October 2026 Export WYNN’s income statement to Excel — free account

Wynn Resorts, Limited

WYNN Consumer Cyclical Resorts & Casinos

Wynn Resorts, Limited’s revenue for fiscal 2025 (year ended December 2025) was $7.1 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 6.86%, EPS grew 114.1%, free cash flow grew 41.6% and total debt rose 1.71%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three.

74.56 0.35 +0.47%

Follow WYNN

Alert me

Market cap: $7.6B
P/E: 17.1×
Fwd P/E: 16.9×
Dividend yield: 1.34%
F-score: 5/9
Altman Z: 1.30
Beneish M: −2.54
Dividend safety: 53/100

Overview Business Profile Earnings & Analysis Segments Filings

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 24.11%

Capital & Financial Ratios $m

Market Cap 7,640.00

Revenue 7,413.43

Net Income 583.88

Free Cash Flow 801.54

Net Debt 8,623.94

Current Ratio 0.91

Debt/Equity (11.83)

P/E ratio 17.06

Fwd P/E 16.90

P/S ratio 1.03

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 0.17%

Next Y EPS Growth 4.70%

Next Y revenue growth 3.87%

Next 5Y EPS Growth 8.54%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 18.85%

10-year low 10-year high

P/S against its own 10 years 0.77%

10-year low 10-year high

EV/Sales against its own 10 years 0.48%

10-year low 10-year high

EV/FCF against its own 10 years 20.94%

10-year low 10-year high

Dividends

Payout Ratio 0.24

Annual Dividend Rate 1.00

Annual Dividend Yield 1.34%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.00	0.25 0.25 0.25
2025	1.00	0.25 0.25 0.25 0.25
2024	1.00	0.25 0.25 0.25 0.25
2023	0.75	0.25 0.25 0.25
2022	Powerpack
2021	Powerpack
2020	1.00	1.00
2019	3.75	0.75 1.00 1.00 1.00
2018	2.75	0.50 0.75 0.75 0.75
2017	2.00	0.50 0.50 0.50 0.50
2016	2.00	0.50 0.50 0.50 0.50

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,724	2,426	2,065	2,101
Receivables	342	324	403	337
Inventory	76	76	88	90
Other	—	—	—	—
	4,242	2,922	2,684	2,654

	2023	2024	2025	Q'26
Payables	208	205	255	241
ST’ Debt	710	41	9	1,429
Other	543	509	570	513
	2,200	1,540	1,643	2,909

Compound Annual Growth %

	10y	5y	3y
Sales	5.76%	27.77%	23.86%
Cash Flow	8.97%	0.00%	0.00%
Earnings	5.30%	0.00%	0.00%
Book Value	0.00%	0.00%	0.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.01 Actual 1.24

0.48 0.72 0.96 1.20 1.44

Q3 FY25 Miss −0.23

Q4 FY25 Miss −0.16

Q1 FY26 Beat +0.07

Q2 FY26 Beat +0.23

Q3 FY26 — Nov 5

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	1.09	0.86	Miss by 0.23
Q4 FY25	1.33	1.17	Miss by 0.16
Q1 FY26	1.18	1.25	Beat by 0.07
Q2 FY26	1.01	1.24	Beat by 0.23
Q3 FY26	0.59	—	Reports 5 November 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.04	1.32	—	—	—
’25	0.69	0.64	0.85	0.96	3.14
’24	1.30	0.91	(0.29)	2.29	4.35
’23	(0.02)	0.84	(1.03)	6.19	6.32
’22	(1.59)	(1.14)	(1.27)	0.29	(3.73)
’21	(2.53)	(1.15)	(1.45)	(1.54)	(6.64)
’20	(3.77)	(5.97)	(7.10)	(2.53)	(19.37)

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,857	1,857	—	—	—
’25	1,700	1,738	1,834	1,866	7,138
’24	1,863	1,733	1,693	1,839	7,128
’23	1,424	1,596	1,672	1,840	6,532
’22	953	909	890	1,005	3,757
’21	737	990	995	1,042	3,764
’20	954	86	370	686	2,096

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	153	492	—	—	—
’25	134	405	336	478	1,353
’24	315	353	279	479	1,426
’23	169	361	276	441	1,248
’22	(117)	(40)	4	82	(71)
’21	(254)	27	10	(6)	(223)
’20	(176)	(431)	(173)	(291)	(1,072)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(18)	339	—	—	—
’25	(26)	240	173	307	693
’24	218	258	203	377	1,056
’23	38	267	163	329	795
’22	(215)	(138)	(84)	55	(382)
’21	(303)	(47)	(97)	(119)	(565)
’20	(314)	(482)	(243)	(304)	(1,343)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	49.95	86.20	90.06	95.61	35.84	76.03	50.20	81.65	71.63	65.25		+3.0%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	109.50	171.06	203.63	151.50	153.41	143.88	96.50	117.86	110.38	134.72		+2.3%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	24,600	25,200	26,000	30,200	27,500	26,950	27,000	27,800	28,000	28,500		+1.6%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.18	0.24	0.26	0.22	0.08	0.14	0.14	0.23	0.25	0.25		+4.0%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	4,346	6,070	6,718	6,611	2,096	3,764	3,757	6,532	7,128	7,138		+5.7%	7,414	7,651	8,052	+4.1%
	Gross margin, %	38.94	38.60	39.17	38.48	16.83	32.02	36.38	43.22	43.51	41.43		+2.5 pt	Powerpack Wynn Resorts, Limited’s next three years, line by line Analysts expect revenue to grow 4.1% a year to 2028 — slower than the 5.7% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	311	560	306	488	(1,762)	(1,012)	(700)	285	643	514		+5.8%
	EBT margin, %	7.15	9.23	4.55	7.38	(84.08)	(26.88)	(18.63)	4.37	9.03	7.20		+0.1 pt
	Net income	302	889	803	311	(2,327)	(1,012)	(709)	782	640	409		+3.4%
	Depreciation	429	577	588	654	754	743	722	727	698	661		+4.9%
Per share, $
Per share, $	Revenue	42.84	59.47	63.06	61.93	19.63	33.08	33.06	58.05	64.82	68.83		+5.4%
	Earnings	2.39	7.32	5.48	1.15	(19.37)	(6.64)	(3.73)	6.49	4.56	3.16		+3.2%
	Cash flow	9.57	18.39	9.03	8.44	(10.05)	(1.96)	(0.63)	11.09	12.97	13.04		+3.5%
	Capex	(12.19)	(9.10)	(14.53)	(10.01)	(2.53)	(3.01)	(2.74)	(4.02)	(3.37)	(6.36)		(7.0%)
	Free cash flow	(2.63)	9.29	(5.51)	(1.57)	(12.58)	(4.97)	(3.36)	7.07	9.60	6.69		n/m
	Book value	2.54	10.56	17.04	14.44	(6.91)	(7.35)	(14.44)	(9.78)	(8.81)	(9.95)		n/m
	Shares, m	101	102	107	107	107	114	114	113	110	104		+0.2%
Valuation, ×
Valuation, ×	P/E	36.75	22.51	18.59	120.76	0.00	0.00	0.00	14.46	18.81	38.08		27.0
	P/S	2.04	2.76	1.57	2.24	5.75	2.57	2.59	1.63	1.33	1.75		2.4
	P/B	34.40	15.55	5.81	9.62	0.00	0.00	0.00	0.00	0.00	0.00		6.5
	EV/Sales	3.79	3.86	2.64	3.46	10.32	5.07	4.84	2.86	2.47	2.94		4.2
	EV/FCF	(61.73)	24.72	(30.25)	(136.55)	(16.11)	(33.77)	(47.60)	23.46	16.66	30.23		(23.1)
Cash, $m
Cash, $m	Operating cash flow	971	1,877	961	901	(1,072)	(223)	(71)	1,248	1,426	1,353		+3.8%
	Capex	(1,237)	(929)	(1,548)	(1,069)	(270)	(342)	(311)	(452)	(370)	(659)		(6.8%)
	Free cash flow	(267)	948	(587)	(168)	(1,343)	(565)	(382)	795	1,056	693		n/m
Balance, $m
Balance, $m	Working capital	1,574	1,493	759	873	1,932	1,588	2,218	2,041	1,382	1,040		(4.5%)
	Total debt	10,125	9,629	9,423	10,404	13,066	11,935	12,117	11,738	10,542	10,547		+0.5%
	Net debt	7,499	6,657	7,208	8,052	9,584	9,407	8,462	8,014	8,116	8,482		+1.4%
	Shareholders’ equity	258	1,078	1,815	1,541	(737)	(836)	(1,640)	(1,101)	(969)	(1,031)		n/m
Returns, %
Returns, %	ROA	2.16	6.07	4.42	0.91	(14.90)	(5.73)	(3.27)	5.33	3.72	2.51		+0.4 pt
	ROIC	4.20	8.53	5.09	5.72	(8.70)	(2.88)	(0.92)	7.60	9.91	9.38		+5.2 pt
	ROE	173.01	111.83	39.57	7.33	(514.14)	96.06	34.23	(53.26)	(48.42)	(32.74)		(205.7) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by products and services, and margins
Casino	4,410	61.79%
Rooms	1,141	15.99%
Food and beverage	1,038	14.54%
Entertainment, retail and other	549	7.69%
Gross margin		41.43%
Operating margin		15.67%
Pre-tax margin		7.20%

Revenue by segment since 2012

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LVS Las Vegas Sands Corp.	$23.2B	14.3×	13.9×	−0.66% (below 0%: shrinking)	−19.70% (below 0%: shrinking)	+426.85% (above 0%: growing)	46.92%	19.59%	Compare
WYNN Wynn Resorts, Limited	$7.6B	17.1×	16.9×	+6.86% (above 0%: growing)	+114.06% (above 0%: growing)	+41.56% (above 0%: growing)	40.87%	16.03%
MGM MGM Resorts International	$7.3B	17.8×	11.8×	+1.05% (above 0%: growing)	+522.22% (above 0%: growing)	+118.40% (above 0%: growing)	44.47%	11.32%	Compare
CZR Caesars Entertainment, Inc.	$5.9B	— (loss-making)	— (loss-making)	+2.96% (above 0%: growing)	n/m	+29.79% (above 0%: growing)	53.26%	17.14%	Compare
MTN Vail Resorts, Inc.	$5.5B	39.2×	26.2×	+2.50% (above 0%: growing)	n/m	+29.42% (above 0%: growing)	(8.85%)	(75.09%)	Compare
RRR Red Rock Resorts, Inc.	$5.2B	16.9×	23.9×	−3.04% (below 0%: shrinking)	−29.17% (below 0%: shrinking)	−76.90% (below 0%: shrinking)	61.83%	26.65%	Compare
BYD Boyd Gaming Corporation	$5.1B	3.2×	10.7×	+0.04% (above 0%: growing)	−4.89% (below 0%: shrinking)	−235.57% (below 0%: shrinking)	50.29%	19.40%	Compare
VAC Marriott Vacations Worldwide Corporation	$4.0B	— (loss-making)	14.5×	+5.94% (above 0%: growing)	+11.62% (above 0%: growing)	+123.53% (above 0%: growing)	90.83%	12.20%	Compare
HGV Hilton Grand Vacations Inc.	$2.8B	21.5×	12.0×	+7.27% (above 0%: growing)	−42.31% (below 0%: shrinking)	+318.52% (above 0%: growing)	36.75%	6.70%	Compare
Median of peers	$5.3B	17.4×	13.9×	+1.78%	−12.29%	+74.10%	48.61%	14.67%

All 17 Resorts & Casinos stocks →

Business profile

Updated 26 October 2026

Wynn Resorts is a designer, developer and operator of integrated resorts: large destinations that combine casino gaming with hotels, restaurants, entertainment, retail, meetings and conventions. It is headquartered in Las Vegas and led by Chief Executive Officer Craig S. Billings.

Its operating resorts are Wynn Palace and Wynn Macau in Macau; Wynn Las Vegas and Encore at Wynn Las Vegas in Nevada; and Encore Boston Harbor near Boston. The company owns approximately 72% of Wynn Macau, Limited, through which its Macau concessionaire operates the two Macau resorts. It also has a 40% equity interest in Island 3 AMI FZ-LLC, the affiliate building Wynn Al Marjan Island in Ras Al Khaimah, United Arab Emirates.

Read the full business profile →

From the latest earnings call

Updated 28 October 2026

Craig Billings said Macau’s summer-holiday demand trends improved into early August, while the company plans to begin Wynn Palace development projects after government approval.
Billings said Wynn Al Marjan Island is now expected to open in September 2027, with its total project budget increasing by approximately $600 million.

Read the Earnings & Analysis →

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 71.71%

Held by the ten largest 43.34%

Holder	Shares	Stake	Change
Capital Group	10.11m	9.78%	+968.61k
Vanguard	8.78m	8.49%	−314.52k
BlackRock	6.28m	6.07%	+281.97k
Fidelity (FMR)	4.67m	4.51%	−19.04k
BARROW HANLEY MEWHINNEY & STRAUSS LLC	3.31m	3.20%	−334.36k
State Street	3.05m	2.95%	+77.42k
Invesco	2.53m	2.45%	−43.02k
Geode Capital Management	2.40m	2.32%	+113.25k
Neuberger Berman	1.95m	1.89%	+211.72k
Citadel Advisors	1.73m	1.67%	+1.67m

13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 25 March 2026

Ownership

Directors and executive officers, together less than 1%

Tilman J. Fertitta c/o Fertitta Entertainment, Inc. 12.11%

The Vanguard Group 10.44%

Capital World Investors 9.21%

Elaine Wynn Family Trust c/o Elaine P. Wynn and Family Foundation 9.17%

Blossom Fountain Limited Vistra Corporate Services Centre Wickhams Cay II, Road Town Tortola, VG1110, British Virgin Islands 5.00%

Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement