Saturday 31 October 2026
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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%
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Wynn Resorts, Limited (WYNN) revenue by segment, product and region
Where the money comes from and where it goes
| 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 product or service $m
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Casino | 4,410 61.79% | 4,261 59.78% | 3,718 56.93% | 1,633 43.46% | 2,133 56.68% | 1,237 59.03% | 4,574 69.19% | 4,785 71.23% | 4,244 69.92% |
| Rooms | 1,141 15.99% | 1,242 17.43% | 1,186 18.15% | 802 21.35% | 593 15.74% | 308 14.69% | 804 12.16% | 752 11.19% | 671 11.05% |
| Food and beverage | 1,038 14.54% | 1,069 15.00% | 1,029 15.75% | 846 22.52% | 634 16.84% | 330 15.73% | 819 12.39% | 754 11.23% | 732 12.06% |
| Entertainment, retail and other | 549 7.69% | 555 7.79% | 599 9.17% | 476 12.67% | 404 10.73% | 221 10.55% | 414 6.27% | 427 6.35% | 423 6.96% |
| Revenue | 7,138 | 7,128 | 6,532 | 3,757 | 3,764 | 2,096 | 6,611 | 6,718 | 6,070 |
Gross profit by product or service $m, and margin
Revenue by segment $m
| Line | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Macau Operations | 1,509 40.09% | 980 46.76% | 4,614 69.79% | 5,052 75.21% | 4,367 71.95% | 2,706 62.27% | 2,463 60.43% | 3,797 69.87% | 4,041 71.88% | 3,667 71.15% |
| Las Vegas Operations | 1,504 39.95% | 748 35.69% | 1,633 24.71% | 1,666 24.79% | 1,703 28.05% | 1,640 37.73% | 1,613 39.57% | 1,637 30.13% | 1,580 28.12% | 1,487 28.85% |
| Encore Boston Harbor | 692 18.37% | 362 17.26% | 364 5.50% | 0 0.00% | 0 0.00% | — | — | — | — | — |
| Wynn Interactive | 59 1.58% | 6 0.29% | — | — | — | — | — | — | — | — |
| Revenue | 3,764 | 2,096 | 6,611 | 6,718 | 6,070 | 4,346 | 4,076 | 5,434 | 5,621 | 5,154 |
Operating figures as reported in each quarter’s results release or filing
| Figure | Quarter | Latest | A year before | Change |
|---|---|---|---|---|
| ADR | Q1 FY2026 | $230.00 | $222.00 | +3.60% |
| Average number of slot machines | Q2 FY2026 | 721.00 | 627.00 | +14.99% |
| Average number of table games | Q2 FY2026 | 287.00 | 249.00 | +15.26% |
| Average number of table games | Q2 FY2026 | 47.00 | 52.00 | −9.62% |
| Average number of table games | Q2 FY2026 | 10.00 | 21.00 | −52.38% |
| REVPAR | Q1 FY2026 | $228.00 | $218.00 | +4.59% |
| Slot machine handle | Q1 FY2026 | $860.5M | $734.9M | +17.10% |
| Slot machine win | Q1 FY2026 | $35.5M | $29.4M | +20.78% |
| Slot machine win per unit per day | Q1 FY2026 | $544.00 | $502.00 | +8.37% |
| Table drop | Q1 FY2026 | $2.0B | — | — |
| Table games win | Q1 FY2026 | $523.8M | $422.4M | +24.01% |
| Table games win per unit per day | Q1 FY2026 | $21,182.00 | $18,968.00 | +11.67% |
| Table games win per unit per day | Q1 FY2026 | $29,739.00 | $21,096.00 | +40.97% |
| VIP table games win | Q1 FY2026 | $2.3M | $15.7M | −85.50% |
| VIP table games win | Q1 FY2026 | $134.2M | $104.5M | +28.42% |
| VIP turnover | Q1 FY2026 | $585.9M | $1.4B | −59.23% |
| VIP turnover | Q1 FY2026 | $4.3B | $4.0B | +7.77% |