Wynn Resorts, Limited (WYNN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.98	$1.24	+26.5%	—	$1.9B	—
Q4 25	$1.48	$1.17	-20.9%	—	$1.9B	—
Q3 25	$1.15	$0.86	-25.2%	—	$1.8B	—
Q2 25	$1.2	$1.09	-9.2%	—	$1.7B	—
Q1 25	$1.24	$1.07	-13.7%	—	$1.7B	—
Q4 24	$1.27	$2.42	+90.6%	—	$1.8B	—
Q3 24	$1.1	$0.9	-18.2%	—	$1.7B	—
Q2 24	$1.19	$1.12	-5.9%	—	$1.7B	—
Q1 24	$1.39	$1.59	+14.4%	—	$1.9B	—
Q4 23	$1.16	$1.91	+64.7%	—	$1.8B	—
Q3 23	$0.75	$0.99	+32.0%	—	$1.7B	—
Q2 23	$0.59	$0.91	+54.2%	—	$1.6B	—
Q1 23	-$0.01	$0.29	+3000.0%	—	$1.4B	—
Q4 22	-$0.91	-$1.23	-35.2%	—	$1B	—
Q3 22	-$1	-$1.2	-20.0%	—	$889.7M	—
Q2 22	-$1.02	-$0.82	+19.6%	—	$908.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.16	—	—	$7.1B	—
FY24	—	$4.56	—	—	$7.1B	—
FY23	—	$6.49	—	—	$6.5B	—
FY22	—	-$3.73	—	—	$3.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.3B	$6.1B	$6.7B	$6.6B	$2.1B	$3.8B	$3.8B	$6.5B	$7.1B	$7.1B
YoY change	+6.62%	+39.7%	+10.7%	-1.59%	-68.3%	+79.6%	-0.18%	+73.9%	+9.13%	+0.14%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.3B	6.1B	6.7B	6.6B	2.1B	3.8B	3.8B	6.5B	7.1B	7.1B
Cost of revenue	2.7B	3.7B	4.1B	4.1B	1.7B	2.6B	2.4B	3.7B	4B	4.2B
Gross profit	1.7B	2.3B	2.6B	2.5B	352.6M	1.2B	1.4B	2.8B	3.1B	3B
Gross margin	38.9%	38.6%	39.2%	38.5%	16.8%	32%	36.4%	43.2%	43.5%	41.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	548.1M	685.5M	761.4M	896.7M	720.8M	796.6M	830.5M	1.1B	1.1B	1.1B
Operating expenses	702.9M	712.2M	814.9M	998.7M	727.4M	803.4M	851.1M	1.1B	1.1B	1.1B
Operating income	731.2M	1.1B	1.3B	1B	-1.2B	-337M	-148.9M	1.1B	1.4B	1.2B
Operating margin	16.8%	18.3%	19.5%	15.1%	-55.3%	-8.95%	-3.96%	16.5%	19%	16.9%
Non-operating income, net	-144.8M	-194.1M	-655.1M	-122.8M	-63.1M	-70.1M	70M	-201.2M	-152.8M	-131.7M
Pretax income	310.6M	560.3M	305.7M	488.2M	-1.8B	-1B	-700M	285.4M	643.4M	514.1M
Income tax	8.1M	-329M	-497.3M	176.8M	564.7M	474K	9.3M	-496.8M	3.7M	105M
Net income	302.5M	889.3M	803.1M	311.4M	-2.3B	-1B	-709.4M	782.2M	639.7M	409.1M
Net margin	6.96%	14.6%	12%	4.71%	-111%	-26.9%	-18.9%	12%	8.97%	5.73%
EBITDA	1.2B	1.6B	1.8B	1.7B	-388.7M	356.2M	579M	1.9B	2.2B	1.9B
EPS	2.39	7.32	5.48	1.15	-19.4	-6.64	-3.73	6.49	4.56	3.16
Diluted EPS	2.38	7.28	5.46	1.15	-19.4	-6.64	-3.73	6.32	4.35	3.14

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.7B	1.8B	1.9B	1.7B	1.7B	1.8B	1.7B	1.7B	1.8B	1.9B	1.9B	1.9B
Cost of revenue	958.9M	1B	1B	979.3M	977.2M	1B	981.8M	1B	1.1B	1.1B	1.1B	1.1B
Gross profit	713M	817.3M	828.6M	753.6M	716.1M	803.3M	718.6M	726.2M	756.3M	755.9M	745.8M	758.9M
Gross margin	42.6%	44.4%	44.5%	43.5%	42.3%	43.7%	42.3%	41.8%	41.2%	40.5%	40.2%	40.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	268.4M	279.5M	271.6M	264.7M	271.8M	272.3M	275.7M	280.8M	275M	285.4M	275.2M	270.1M
Operating expenses	382.7M	279.5M	288.6M	303.5M	422.3M	272.3M	287.9M	294.1M	281.2M	285.4M	286.8M	279.8M
Operating income	157.5M	491.2M	365M	271.2M	135.7M	585.3M	273.9M	275.9M	317.8M	339.1M	294.3M	306.8M
Operating margin	9.42%	26.7%	19.6%	15.7%	8.01%	31.8%	16.1%	15.9%	17.3%	18.2%	15.9%	16.5%
Non-operating income, net	-141.6M	-76.9M	-26.2M	22.7M	13.3M	-164.2M	-43.2M	-48.6M	13.4M	-53.3M	5.6M	31.3M
Pretax income	-123.3M	274.4M	196.5M	154.2M	11.7M	281M	92.4M	87.5M	189.6M	144.6M	160.7M	198.7M
Income tax	-2.7M	-499.4M	20M	7.9M	17.1M	-41.4M	11M	10.6M	61.1M	22.3M	10.1M	16.2M
Net income	-120.5M	773.8M	176.5M	146.3M	-5.4M	322.4M	81.4M	77M	128.4M	122.3M	150.5M	182.6M
Net margin	-7.21%	42%	9.47%	8.44%	-0.32%	17.5%	4.79%	4.43%	7%	6.56%	8.11%	9.83%
EBITDA	382.7M	721M	575.4M	491.3M	343.9M	763.7M	440.3M	407.4M	520.4M	515.3M	438.5M	482.3M
EPS	-1.03	6.53	1.3	1.01	-0.29	2.56	0.69	0.64	0.86	0.97	1.17	1.37
Diluted EPS	-1.03	6.19	1.3	0.91	-0.29	2.29	0.69	0.64	0.85	0.82	1.04	1.32

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	8.8B	17.2B	10.5B	14.8B	12B	9.7B	9.4B	10.3B	9.5B	12.5B	8.3B
Enterprise value	16.3B	23.9B	17.7B	23B	21.8B	19.2B	19.5B	19.9B	19.2B	22.6B	17.7B
Shares outstanding	101.4M	102.1M	106.5M	106.7M	106.7M	113.8M	113.6M	112.5M	110M	103.7M	103.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	29	19.4	13.1	47.6	—	—	—	13.1	14.8	30.5	19.5
P/S	2.02	2.83	1.57	2.24	5.75	2.57	2.49	1.57	1.33	1.75	1.13
P/B	34	16	5.81	9.62	-16.3	-11.6	-5.71	-9.31	-9.78	-12.1	-9.11
EV/EBITDA	13.4	14.8	9.75	13.8	-56	53.9	33.6	10.4	8.84	12	9.8
EV/Sales	3.74	3.93	2.64	3.48	10.4	5.1	5.18	3.05	2.7	3.16	2.39
Earnings yield	3.45%	5.17%	7.62%	2.1%	—	—	—	7.63%	6.75%	3.28%	5.12%
FCF yield	-3.08%	5.39%	-6.08%	-1.13%	-11.3%	-5.88%	-4.52%	7.22%	10.6%	5.54%	5.74%
PEG	—	—	—	—	—	—	—	—	—	—	0.17

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	38.9%	38.6%	39.2%	38.5%	16.8%	32%	36.4%	43.2%	43.5%	41.4%	40.9%
Operating margin	16.8%	18.3%	19.5%	15.1%	-55.3%	-8.95%	-3.96%	16.5%	19%	16.9%	16.5%
Net margin	6.96%	14.6%	12%	4.71%	-111%	-26.9%	-18.9%	12%	8.97%	5.73%	6.05%
ROE	117.3%	82.5%	44.3%	20.2%	315.6%	121%	43.2%	-71.1%	-66%	-39.7%	-31.7%
ROA	2.53%	7.01%	6.08%	2.24%	-16.8%	-8.08%	-5.29%	5.59%	4.93%	3.12%	5.73%
ROIC	9.18%	14.4%	14.6%	6.54%	-12.9%	-3.88%	-1.76%	12.6%	15.4%	10.6%	11.3%
Return on tangible assets	2.58%	7.15%	6.29%	2.29%	-17.5%	-8.49%	-5.49%	5.87%	5.15%	3.23%	4.51%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.11	1.77	1.4	1.44	2.03	2.23	2.22	1.93	1.9	1.63	0.91
Quick ratio	2.05	1.74	1.37	1.4	1.99	2.18	2.19	1.89	1.85	1.58	0.88
Debt / equity	39.3	8.93	5.19	6.85	-17.9	-14.4	-8.37	-12.1	-12.6	-11.8	-0.14
Debt / assets	0.85	0.76	0.71	0.76	0.95	0.96	1.02	0.96	0.94	0.93	0.94
Net debt / EBITDA	6.18	4.12	3.96	4.93	-25	26.7	17.4	5.04	4.48	5.37	5.23
Interest coverage	2.07	2.44	1.8	2.18	-2.17	-0.67	-0.08	1.38	1.93	1.82	2.12
Effective tax rate	2.62%	0%	0%	36.2%	0%	0%	0%	0%	0.57%	20.4%	15.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	42.8	59.5	63.1	61.9	19.6	33.1	33.1	58	64.8	68.8	72.1
EPS (basic)	2.39	7.32	5.48	1.15	-19.4	-6.64	-3.73	6.49	4.56	3.16	3.16
EPS (diluted)	2.38	7.28	5.46	1.15	-19.4	-6.64	-3.73	6.32	4.35	3.14	4.17
Book value per share	2.54	10.6	17	14.4	-6.91	-7.35	-14.4	-9.78	-8.81	-9.95	-1.66
FCF per share	-2.67	9.09	-6.02	-1.58	-12.8	-5	-3.73	6.58	9.13	6.67	7.69
Cash per share	25.9	29.1	20.8	22	32.6	22.2	32.1	33.1	22.1	19.9	20.7
Capex per share	—	—	—	—	—	—	—	—	—	6.37	6.48

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	9.25%	9%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	48.8%	45.7%
Payout ratio	107.5%	36.1%	70.9%	181.9%	-4.67%	-0.15%	-0.2%	10.8%	21.8%	42.7%	24%
Dividend yield	3.71%	1.86%	5.41%	3.82%	0.9%	0.02%	0.02%	0.83%	1.47%	1.4%	1.24%

Yield

1.24%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Aug 14, 2026

Payout ratio

24%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.25
May 18, 2026	$0.25
Feb 23, 2026	$0.25
Nov 17, 2025	$0.25
Aug 18, 2025	$0.25
May 16, 2025	$0.25
Feb 24, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.7B	$1.8B	$1.9B	$1.7B	$1.7B	$1.8B	$1.7B	$1.7B	$1.8B	$1.9B	$1.9B	$1.9B
YoY change	+87.9%	+83.1%	+30.9%	+8.59%	+1.28%	-0.09%	-8.72%	+0.28%	+8.29%	+1.48%	+9.2%	+6.86%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	2.6B	3B	2.2B	2.4B	3.5B	2.5B	3.7B	3.7B	2.4B	2.1B
Receivables	219M	224.1M	276.6M	346.4M	200.2M	199.5M	216M	341.7M	324M	402.6M
Inventory	91.5M	71.6M	66.6M	88.5M	66.3M	70M	70.1M	75.6M	75.8M	88.5M
Total current assets	3B	3.4B	2.6B	2.9B	3.8B	2.9B	4B	4.2B	2.9B	2.7B
Property, plant & equipment	636.6M	916.1M	1.7B	709.5M	-163.6M	-648.8M	385.8M	62.3M	-229.4M	-304.2M
Goodwill & intangibles	227.2M	247.4M	445M	292.8M	556.4M	615.2M	490.5M	659.4M	546.1M	448.5M
Total assets	12B	12.7B	13.2B	13.9B	13.9B	12.5B	13.4B	14B	13B	13.1B
Accounts payable	298.5M	285.4M	321.8M	262.4M	148.5M	170.5M	197.5M	208.3M	205.1M	255.3M
Short-term debt	—	62.7M	12M	323.9M	596.4M	50M	547.5M	709.6M	41.3M	9.4M
Total current liabilities	1.4B	1.9B	1.9B	2B	1.9B	1.3B	1.8B	2.2B	1.5B	1.6B
Long-term debt	10.1B	9.6B	9.4B	10.2B	12.6B	12B	13.2B	12.7B	12.1B	12.2B
Total liabilities	11.7B	11.6B	11.4B	12.3B	14.6B	13.4B	15.1B	15.1B	13.9B	14.1B
Shareholders' equity	257.9M	1.1B	1.8B	1.5B	-737.3M	-836.2M	-1.6B	-1.1B	-968.6M	-1B
Total debt	10.1B	9.6B	9.4B	10.6B	13.2B	12B	13.7B	13.4B	12.2B	12.2B
Net debt	7.7B	6.8B	7.2B	8.2B	9.7B	9.5B	10.1B	10.5B	9.7B	10.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	2B	2.1B	1.8B	2.1B
Receivables	—	—	—	—	—	—	—	—	352.7M	402.6M	388.5M	336.6M
Inventory	—	—	—	—	—	—	—	—	87.8M	88.5M	91.6M	89.9M
Total current assets	—	—	—	—	—	—	—	—	2.5B	2.7B	2.4B	2.7B
Property, plant & equipment	3.4B	3.4B	3.5B	3.5B	3.5B	3.5B	3.6B	3.7B	-317.1M	-304.2M	-411.9M	-443.2M
Goodwill & intangibles	—	—	—	—	—	—	—	—	231.7M	448.5M	215.8M	208.2M
Total assets	—	—	—	—	—	—	—	—	12.8B	13.1B	12.9B	13.2B
Accounts payable	—	—	—	—	—	—	—	—	204.6M	255.3M	222.9M	240.7M
Short-term debt	—	—	—	—	—	—	—	—	4.7M	9.4M	547.8M	1.4B
Total current liabilities	—	—	—	—	—	—	—	—	1.4B	1.6B	2B	2.9B
Long-term debt	—	—	—	—	—	—	—	—	12.2B	12.2B	11.6B	10.9B
Total liabilities	—	—	—	—	—	—	—	—	13.9B	14.1B	13.8B	14.1B
Shareholders' equity	—	—	—	—	—	—	—	—	-1.1B	-1B	-942.3M	-906.7M
Total debt	—	—	—	—	—	—	—	—	12.2B	12.2B	12.2B	12.3B
Net debt	—	—	—	—	—	—	—	—	10.7B	10.7B	11B	10.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	302.5M	889.3M	803.1M	311.4M	-2.3B	-1B	-709.4M	782.2M	639.7M	409.1M
Depreciation & amortization	404.7M	552.4M	550.6M	624.9M	725.5M	716M	692.3M	687.3M	658.9M	620.6M
Stock-based compensation	43.7M	44M	35M	40.4M	62.3M	95.2M	67.6M	64.5M	59M	91.9M
Change in working capital	87.3M	452.5M	-156.8M	-259.5M	-83.1M	-258.8M	40.6M	-91.8M	3.1M	-42.1M
Operating cash flow	846.5M	1.8B	896.5M	925.4M	-992M	-370.8M	1.2M	1.1B	1.5B	1.4B
Capital expenditure	—	—	—	—	—	—	—	—	—	-660.4M
Investing cash flow	-47.3M	-8.6M	379.6M	695K	24.4M	4.3M	1.7B	-835.4M	339M	-1.7B
Dividends paid	-325.2M	-320.8M	-569.8M	-566.5M	-108.8M	-1.6M	-1.4M	-84.7M	-139.6M	-174.7M
Share repurchases	-14M	-17.8M	-159.5M	-67M	-11.5M	-13.8M	-187.5M	-212.5M	-401.8M	-380.1M
Financing cash flow	886.7M	-816.2M	-340M	289.7M	2.5B	-388M	-23.7M	-721.2M	-1.8B	-653.8M
Net change in cash	1.7B	931.2M	936.1M	1.2B	1.5B	-754.6M	1.7B	-460.4M	43.9M	-957.8M
Free cash flow	-270.4M	927.5M	-640.9M	-168.2M	-1.4B	-569.3M	-423.8M	740.7M	1B	691.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	128.4M	122.3M	150.5M	182.6M
Depreciation & amortization	—	—	—	—	—	—	—	—	152.8M	159.5M	160.5M	165.4M
Stock-based compensation	—	15.4M	14.4M	16.2M	—	—	—	—	22.7M	21M	25.7M	16.9M
Change in working capital	—	—	—	—	—	—	—	—	-15M	-13.9M	-88.4M	95.4M
Operating cash flow	—	15.4M	14.4M	16.2M	—	—	—	—	335.8M	478M	153.5M	491.9M
Capital expenditure	—	—	—	—	—	—	—	—	-164M	-171.2M	-179.1M	-153M
Investing cash flow	-500M	-50M	—	—	0	0	0	0	-743.6M	-457.5M	-287.7M	-131.2M
Dividends paid	—	—	—	—	—	—	—	—	-60.6M	-25.8M	-26.9M	-68.1M
Share repurchases	—	—	—	—	—	—	—	—	-2M	-448K	-70M	-95.5M
Financing cash flow	—	—	—	—	—	—	—	—	-74.9M	-68.4M	-138M	-178.1M
Net change in cash	-500M	-34.6M	14.4M	16.2M	0	0	0	0	-482.7M	-47.9M	-272.2M	182.7M
Free cash flow	—	—	—	—	—	—	—	—	171.7M	306.8M	-25.6M	338.9M

Wynn Resorts, Limited Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement