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Wynn Resorts (WYNN) stock

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NASDAQ: WYNN Nasdaq Casinos & Gaming Next results ~November 5, 2026

C+ Fundamentals grade

Wynn Resorts is a US-listed company in the casinos & gaming industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 58% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 58% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Wynn Resorts valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds207 adding, 259 cuttingOf 54 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Wynn Resorts files

Where Wynn Resorts stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $7.41bn, up 6.4% on a year earlier, faster than 4.7% a quarter earlier. Free-cash-flow margin held at 10.7%. The diluted share count is down 3.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 0 of our 5 financial-health checks. At that price, our model says the market is pricing in about 5.2% a year of cash-flow growth for five years, slower than the 14.5% a year revenue growth it has delivered.

Our model value for Wynn Resorts is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Wynn Resorts's trailing-twelve-month revenue grew 6.4% year on year, with a free-cash-flow margin of 10.7%. Where it stands out: change in growth rate of +1.6pp ranks 4 of 21 casinos & gaming companies we cover.

Our discounted-cash-flow model values the business at ~$220 per share in the base case (~$150–$330 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 26% in the quarter to 2026-06-30, the 2nd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 3.2% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Heavily shorted. 11.3% of the shares available to trade are sold short (4.2 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 12.8% over 90 days.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$1.24 against an average estimate of $0.98: beat by 26.4%
Revenue
$1.86bn, up 6.9% on a year earlier
Share reaction
+2.8% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.61

Wynn Resorts' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.0%
  • 1 week+4.7%
  • 1 month+2.4%
  • This year-35.0%
  • 1 year-34.1%
  • 5 years-13.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$7.4B
Operating margin
15.7%
Net margin
6.1%
EPS (TTM, diluted)
$4.33

Growth

Revenue growth
+6.4%
Change in growth rate
+1.6 pts
Share count change
−3.2%

Cash

Free cash flow (TTM)
$792M
FCF margin
10.7%
Stock pay % of revenue
1.2%

Earnings

Last results
August 4, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Announcement
  4. Announcement
  5. Announcement
  6. Results
  7. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Wynn Resorts valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 58% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Wynn Resorts as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.92 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$69 ~$57–$85 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Wynn Resorts with Casinos & Gaming in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$60.47$77.34$153.21$91.65$132.89$108.88$82.06$79.58$88.61$84.71$119.46$77.67
Market value$6.1bn$7.9bn$15.7bn$9.8bn$14.2bn$11.6bn$9.3bn$9.0bn$10.0bn$9.3bn$12.5bn$8.0bn
+ Net debt (− = net cash)$7.2bn$7.9bn$7.0bn$7.3bn$8.2bn$9.7bn$9.5bn$8.5bn$8.9bn$8.2bn$9.2bn$9.3bn
Enterprise value$13.4bn$15.7bn$22.7bn$17.1bn$22.4bn$21.3bn$18.8bn$17.6bn$18.9bn$17.6bn$21.6bn$17.3bn
Multiples
Price / sales 1.5x1.8x2.6x1.5x2.2x5.5x2.5x2.4x1.5x1.3x1.7x1.1x
Price / earnings 31.5x32.6x21.0x17.1x115.6x———13.7x18.6x38.0x17.9x
Price / free cash flow ——16.7x—————12.4x9.3x18.0x10.2x
EV / EBITDA 13.6x17.0x14.1x13.3x14.9x—58.5x29.7x12.4x9.8x12.4x9.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

39 /100

Weak moat

How hard Wynn Resorts's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.7% of total assets over 10 years.

  • Durability 3 / 20

    Operating margin has been a median 12.5%; its worst year was -24.0%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 6 of 10 years, at a median 4.0% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 5.7% over five years; stock-based pay has been a median 1.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $1.8bn and EPS of $0.61 (range $0.24 to $1.20) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.32 +3% $7.4bn +4%
Next $4.38 +2% $7.7bn +3%

Next year's EPS estimate has moved −12.8% in 90 days, across 10 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −6.8% on 90 days ago. In the last 30 days, 0 analysts raised Wynn Resorts's forecast and 3 cut it.

Consensus EPS forecast Wynn Resorts, last 90 days
$4.20 $4.40 $4.60 $4.80 $5.00 $5.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.64 Current fiscal year, 60 days ago: $4.70 Current fiscal year, 30 days ago: $4.70 Current fiscal year, 7 days ago: $4.54 Current fiscal year, Now: $4.32 $4.32 Next fiscal year, 90 days ago: $5.02 Next fiscal year, 60 days ago: $4.78 Next fiscal year, 30 days ago: $4.79 Next fiscal year, 7 days ago: $4.79 Next fiscal year, Now: $4.38 $4.38

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.64$5.02
60 days ago $4.70$4.78
30 days ago $4.70$4.79
7 days ago $4.54$4.79
Now $4.32$4.38

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.98 $1.24 +26.4%
Mar 2026 $1.18 $1.25 +5.5%
Dec 2025 $1.48 $1.17 −20.7%
Sept 2025 $1.15 $0.86 −25.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026

No numeric guidance in Wynn Resorts's latest earnings release (filed August 4, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

21 analysts, Oct 2026
Buy21100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202641721
  2. Sep 202641721
  3. Aug 202641620
  4. Jul 202641620

Counts of recommendations published by analysts covering Wynn Resorts, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.3%
of tradable shares
Days to cover
4.16
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
74%
of shares
Held by insiders
27.4%
of shares
Employees
28,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −34.1%

$117.89 on October 31, 2025 to $77.67

ThenNowEffect
Revenue (last 12 months) $7.0bn $7.4bn +6.4%
Net margin 5.5% 6.1% +9.9%
P/E multiple 32.9x 17.9x −45.5%
Share count 107m 104m +3.3%

Biggest factor: p/e multiple.

Last 3 years −13.7%

$89.95 on November 3, 2023 to $77.67

ThenNowEffect
Revenue (last 12 months) $4.9bn $7.4bn +50.9%
Net margin 0.1% 6.1% +4129.6%
P/E multiple n/m 17.9x −98.8%
Share count 113m 104m +8.9%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WYNN−25%−3%+11%−4%+41%−35%
Industry peers (median)+26%−24%+16%−10%−11%−16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WYNN50%50%58%42%67%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WYNN−46%−46%−29%−31%−29%−41%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 77% from May 10, 2018 to March 18, 2020. Getting back needed a 343% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$71.38 – $132.13
From 52-week high
−41.2%
vs 50-day average
−5.3%
vs 200-day average
−20.7%
Volatility (1 year)
32%
Beta vs S&P 500
0.83

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±4.4%
After a week
7 up, 5 down
typical move ±6.6%
After a month
6 up, 6 down
typical move ±5.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +2.8% +1.6% +6.5% −6.7%
May 7, 2026 −4.8% +0.5% −11.3% −2.3%
February 12, 2026 −1.8% −1.5% −0.6% −12.7%
November 6, 2025 +0.8% −1.0% −1.7% +1.8%
August 7, 2025 −0.7% +0.7% +3.9% +14.7%
May 6, 2025 +1.4% −0.4% +16.6% +0.6%
February 13, 2025 +13.3% +1.1% +15.8% +10.6%
November 4, 2024 −9.4% +1.0% −9.6% −0.7%
August 6, 2024 +1.8% +0.2% +0.9% +5.2%
May 7, 2024 −2.2% +0.1% +0.2% −5.3%
February 7, 2024 +6.0% +0.9% +5.1% +0.6%
November 9, 2023 −8.0% +0.8% −7.4% −7.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Wynn Resorts in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Wynn Resorts
$5.5B $6B $6.5B $7B $7.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $5.7B Revenue (TTM), FY23 Q4: $6.5B Revenue (TTM), FY24 Q1: $7B Revenue (TTM), FY24 Q2: $7.1B Revenue (TTM), FY24 Q3: $7.1B Revenue (TTM), FY24 Q4: $7.1B Revenue (TTM), FY25 Q1: $7B Revenue (TTM), FY25 Q2: $7B Revenue (TTM), FY25 Q3: $7.1B Revenue (TTM), FY25 Q4: $7.1B Revenue (TTM), FY26 Q1: $7.3B Revenue (TTM), FY26 Q2: $7.4B $7.4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $5.7B
FY23 Q4 $6.5B
FY24 Q1 $7B
FY24 Q2 $7.1B
FY24 Q3 $7.1B
FY24 Q4 $7.1B
FY25 Q1 $7B
FY25 Q2 $7B
FY25 Q3 $7.1B
FY25 Q4 $7.1B
FY26 Q1 $7.3B
FY26 Q2 $7.4B
Revenue growth, TTM YoY Wynn Resorts
-20% 0% 20% 40% 60% 80% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 50.1% Revenue growth, TTM YoY, FY23 Q4: 73.9% Revenue growth, TTM YoY, FY24 Q1: 64.9% Revenue growth, TTM YoY, FY24 Q2: 44.6% Revenue growth, TTM YoY, FY24 Q3: 25.2% Revenue growth, TTM YoY, FY24 Q4: 9.1% Revenue growth, TTM YoY, FY25 Q1: -0.1% Revenue growth, TTM YoY, FY25 Q2: -1.9% Revenue growth, TTM YoY, FY25 Q3: -0.3% Revenue growth, TTM YoY, FY25 Q4: 0.1% Revenue growth, TTM YoY, FY26 Q1: 4.7% Revenue growth, TTM YoY, FY26 Q2: 6.4% 6.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 50.1%
FY23 Q4 73.9%
FY24 Q1 64.9%
FY24 Q2 44.6%
FY24 Q3 25.2%
FY24 Q4 9.1%
FY25 Q1 -0.1%
FY25 Q2 -1.9%
FY25 Q3 -0.3%
FY25 Q4 0.1%
FY26 Q1 4.7%
FY26 Q2 6.4%
Operating margin (TTM) Wynn Resorts
10% 12% 14% 16% 18% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 10.2% Operating margin (TTM), FY23 Q4: 12.9% Operating margin (TTM), FY24 Q1: 14.8% Operating margin (TTM), FY24 Q2: 14.8% Operating margin (TTM), FY24 Q3: 15.8% Operating margin (TTM), FY24 Q4: 15.9% Operating margin (TTM), FY25 Q1: 14.9% Operating margin (TTM), FY25 Q2: 14.8% Operating margin (TTM), FY25 Q3: 17.0% Operating margin (TTM), FY25 Q4: 15.7% Operating margin (TTM), FY26 Q1: 15.5% Operating margin (TTM), FY26 Q2: 15.7% 15.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 10.2%
FY23 Q4 12.9%
FY24 Q1 14.8%
FY24 Q2 14.8%
FY24 Q3 15.8%
FY24 Q4 15.9%
FY25 Q1 14.9%
FY25 Q2 14.8%
FY25 Q3 17.0%
FY25 Q4 15.7%
FY26 Q1 15.5%
FY26 Q2 15.7%
FCF margin (TTM) Wynn Resorts
8% 10% 12% 14% 16% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 9.3% FCF margin (TTM), FY23 Q4: 12.3% FCF margin (TTM), FY24 Q1: 14.0% FCF margin (TTM), FY24 Q2: 13.6% FCF margin (TTM), FY24 Q3: 13.8% FCF margin (TTM), FY24 Q4: 14.1% FCF margin (TTM), FY25 Q1: 11.0% FCF margin (TTM), FY25 Q2: 10.7% FCF margin (TTM), FY25 Q3: 10.4% FCF margin (TTM), FY25 Q4: 9.7% FCF margin (TTM), FY26 Q1: 9.5% FCF margin (TTM), FY26 Q2: 10.7% 10.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 9.3%
FY23 Q4 12.3%
FY24 Q1 14.0%
FY24 Q2 13.6%
FY24 Q3 13.8%
FY24 Q4 14.1%
FY25 Q1 11.0%
FY25 Q2 10.7%
FY25 Q3 10.4%
FY25 Q4 9.7%
FY26 Q1 9.5%
FY26 Q2 10.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Wynn Resorts took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $7.1B
  2. Selling, general and admin $1.1B · 15.6%
  3. Other operating costs $4.9B · 68.7%
  4. Operating income $1.1B · 15.7%
  5. Income tax $105M · 1.5%
  6. Interest and other $686M · 9.6%
  7. Net income $327M · 4.6%

Shares of revenue. Source: Wynn Resorts's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 3.0 4.2 5.3 5.2 5.6 5.4 4.1 4.3 6.1 6.7 6.6 2.1 3.8 3.8 6.5 7.1 7.1 7.4
EBITDA 0.6 1.0 1.4 1.4 1.7 1.6 1.0 0.9 1.6 1.3 1.5 −0.5 0.3 0.6 1.5 1.8 1.7 1.8
Operating income 0.2 0.6 1.0 1.0 1.3 1.3 0.7 0.5 1.1 0.7 0.9 −1.2 −0.4 −0.1 0.8 1.1 1.1 1.2
Net income 0.0 0.2 0.6 0.5 0.7 0.7 0.2 0.2 0.7 0.6 0.1 −2.1 −0.8 −0.4 0.7 0.5 0.3 0.4
Diluted EPS $0.17 $1.29 $4.88 $4.82 $7.17 $7.18 $1.92 $2.38 $7.28 $5.35 $1.15 −$19.37 −$6.64 −$3.73 $6.32 $4.35 $3.14 $4.33
Growth (year on year)
Revenue +2.0% +37.4% +25.9% −2.2% +9.1% −3.3% −25.0% +6.6% +39.7% +10.7% −1.6% −68.3% +79.6% −0.2% +73.9% +9.1% +0.1% +6.4%
EBITDA +12.2% +59.7% +36.4% −0.3% +18.4% −4.9% −37.9% −5.6% +73.6% −20.0% +16.9% −133.7% — +84.1% +158.2% +17.3% −2.9% +9.4%
Operating income −24.7% +166.1% +61.3% +2.1% +25.3% −1.8% −48.0% −20.8% +102.3% −30.3% +19.4% −240.3% — — — +34.8% −1.3% +12.8%
Net income −90.2% — +283.1% −18.2% +45.1% +0.4% −73.3% +23.9% +208.8% −23.4% −78.5% — — — — −31.4% −34.7% +16.9%
Diluted EPS −91.1% — +278.3% −1.2% +48.8% +0.1% −73.3% +24.0% +205.9% −26.5% −78.5% — — — — −31.2% −27.8% +20.8%
Margins
EBITDA margin 21.2% 24.6% 26.7% 27.2% 29.6% 29.1% 24.1% 21.3% 26.5% 19.1% 22.7% −24.2% 8.5% 15.7% 23.4% 25.1% 24.4% 24.3%
Operating margin 7.7% 14.9% 19.1% 20.0% 23.0% 23.3% 16.2% 12.0% 17.4% 10.9% 13.3% −58.8% −10.5% −2.7% 12.9% 15.9% 15.7% 15.7%
Net margin 0.7% 3.8% 11.6% 9.7% 13.0% 13.5% 4.8% 5.6% 12.3% 8.5% 1.9% −98.6% −20.1% −11.3% 11.2% 7.0% 4.6% 6.1%
Free-cash-flow margin 1.7% 18.5% 25.3% 18.3% 20.7% −2.3% −33.1% −5.9% 15.5% −7.7% −2.5% −65.0% −13.6% −9.9% 12.3% 14.1% 9.7% 10.7%
Cash flow
Cash from operations 0.6 1.1 1.5 1.2 1.7 1.1 0.6 1.0 1.9 1.0 0.9 −1.1 −0.2 −0.1 1.2 1.4 1.4 1.5
Capital spending 0.5 0.3 0.2 0.2 0.5 1.2 1.9 1.2 0.9 1.5 1.1 0.3 0.3 0.3 0.4 0.4 0.7 0.7
Free cash flow 0.1 0.8 1.3 0.9 1.2 −0.1 −1.3 −0.3 0.9 −0.5 −0.2 −1.4 −0.5 −0.4 0.8 1.0 0.7 0.8
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.0 0.7 1.3 0.9 1.1 −0.2 −1.4 −0.3 0.9 −0.6 −0.2 −1.4 −0.6 −0.4 0.7 0.9 0.6 0.7
Balance sheet
Cash 2.0 1.3 1.3 2.2 2.1 2.2 2.1 2.5 2.8 2.2 2.4 3.5 2.5 3.7 2.9 2.4 1.5 1.6
Total debt 3.6 3.3 3.2 5.8 6.6 7.3 9.3 10.3 9.8 9.5 10.5 13.2 12.0 12.2 11.8 10.6 10.6 10.8
Net debt (negative = net cash) 1.6 2.0 2.0 3.6 4.5 5.2 7.2 7.9 7.0 7.3 8.2 9.7 9.5 8.5 8.9 8.2 9.2 9.3
Diluted shares 120m 124m 126m 104m 102m 102m 102m 102m 103m 107m 107m 107m 114m 114m 113m 110m 104m 104m
Returned to shareholders
Dividends 0.5 1.2 1.0 1.0 1.0 0.9 0.5 0.3 0.3 0.6 0.6 0.1 0.0 0.0 0.1 0.1 0.2 0.2
Buybacks — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.1 0.0 0.0 0.2 0.2 0.4 0.4 0.2
Total returned 0.5 1.2 1.0 1.0 1.1 0.9 0.5 0.3 0.3 0.7 0.6 0.1 0.0 0.2 0.3 0.5 0.6 0.3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 5 checks passed · June 30, 2026
What it owns · $13.2bn
Short-term assets $2.7bnLonger-term assets $10.5bn
What it owes, and who funded it · $14.1bn
Short-term liabilities $2.9bnLonger-term liabilities $11.2bnShareholders' equity $-169m
  • Short-term assets cover short-term liabilities $2.7bn of assets due within a year against $2.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.7bn short-term assets against $11.2bn of longer-dated liabilities.
  • More cash than debt $1.6bn of cash against $10.7bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.5bn of operating cash flow against $10.7bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.2bn against $618m of interest.

From Wynn Resorts's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$168M
Dividends (TTM)
$181M
Returned to shareholders
44%
of free cash flow
Buybacks, last 3 fiscal years
$994M
Diluted share count
−3.2%
year over year
Total shareholder yield
4.3%
dividends 2.3% + buybacks 2.1% of market value
Dividend payout ratio
40%
of net income paid out
Sales & admin spending
14.9%
of revenue

Competitors: side by side with peers

Closest by revenue in casinos & gaming
Last 12 months unless stated WYNN PENN DKNG MLCO CZR BYD Median
Revenue, last 12 months $7.4bn $7.2bn $6.2bn $5.2bn $11.7bn $4.1bn $2.4bn
Revenue growth, last 12 months 6.4% 6.1% 15.0% 11.3% 3.1% 0.3% 5.5%
Revenue growth, 3-year average 14.7% 3.0% 27.5% 0.5% 0.6% 3.3% 6.5%
Revenue growth, latest quarter 6.9% 5.2% −4.6% — 2.5% −1.4% 2.4%
Operating margin 15.7% −7.9% −2.9% 11.6% 15.4% 17.8% 10.1%
Operating margin, 3-year average 15.1% −7.5% −6.9% −1.9% 18.0% 20.0% 7.1%
Net margin 6.1% −12.7% −2.7% 3.6% −4.5% 12.3% 3.1%
Cash from operations / revenue 19.7% 9.1% 10.8% 15.8% 10.6% 14.4% 14.4%
Free-cash-flow margin 10.7% 1.3% 10.5% 15.5% 5.0% −0.4% 8.5%
Free-cash-flow margin, 3-year average 11.6% −1.0% 7.8% −2.9% 2.4% 7.8% 4.5%
Stock pay / revenue 1.2% 0.8% 5.2% 0.6% 0.8% 0.8% 0.9%
Change in share count −3.2% −14.1% 0.5% −7.5% −3.0% 0.1% −2.6%

Median of all 22 companies we cover in casinos & gaming. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

22 casinos & gaming companies
Measure Company Peer median Rank
Revenue growth Growth 6.4% 6.1% 10 of 21
Change in growth rate Growth +1.6pp -0.4pp 4 of 21
Operating margin Profitability 15.7% 10.1% 6 of 20
Net margin Profitability 6.1% 3.6% 7 of 22
Free-cash-flow margin Cash generation 10.7% 8.5% 8 of 21
Stock pay as % of revenue Cash generation 1.2% 0.9% 14 of 20
Long-term debt as % of assets Balance sheet 70.6% 44.3% 12 of 17
Change in share count Balance sheet -3.2% -3.0% 8 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Casino $4.4B 61.8% ▲ 3.5%
Occupancy $1.1B 16.0% ▼ 8.1%
Food and Beverage $1B 14.5% ▼ 2.9%
Entertainment Retail and Other $549M 7.7% ▼ 1.2%

From Wynn Resorts's 10-K filed March 2, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7.2B
Institutions reporting
495
Shares held vs prior quarter
▲ 4.0%
Positions opened / closed
54 / 69

Top buyers and sellers, Q2 2026: 207 institutions bought and 259 sold ; the biggest buyer was Citadel Advisors LLC (+1.7M shares) and the biggest seller BAMCO Inc (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Capital World Investors $955M 9.8M 13.2% ▲ 10.5%
Blackrock, Inc. $610M 6.3M 8.4% ▲ 4.7%
Vanguard Capital Management LLC $495M 5.1M 6.9% ▼ 3.2%
FMR LLC $453M 4.7M 6.3% ▼ 0.4%
Barrow Hanley Mewhinney & Strauss LLC $321M 3.3M 4.4% ▼ 9.2%
State Street Corp $296M 3.0M 4.1% ▲ 2.6%
Vanguard Portfolio Management LLC $287M 3.0M 4.0% ▼ 4.5%
Invesco Ltd. $246M 2.5M 3.4% ▼ 1.7%
Geode Capital Management, LLC $233M 2.4M 3.2% ▲ 4.9%
Neuberger Berman Group LLC $190M 2.0M 2.6% ▲ 12.2%
Citadel Advisors LLC $168M 1.7M 2.3% ▲ 2790.9%
Morgan Stanley $145M 1.5M 2.0% ▼ 3.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Wynn Resorts's complete shareholder register. Values are as reported by the filers ; 5 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 39 trades and filings

No trades in Wynn Resorts disclosed in the last 12 months; 39 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 7, 2026
  • February 12, 2026
  • November 6, 2025
  • August 7, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Wynn Resorts was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Wynn Resorts in brief

What does Wynn Resorts do?
Wynn Resorts is a US-listed company in the casinos & gaming industry. Its financial year ends in December.
What is Wynn Resorts's stock ticker?
Wynn Resorts trades under the ticker WYNN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Wynn Resorts's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Wynn Resorts reported revenue of $7.4B, 6.4% higher than a year earlier, according to its SEC filings.
What is Wynn Resorts's free cash flow?
Wynn Resorts's free-cash-flow margin is 10.7% of revenue over the trailing twelve months, ranking 8 of the 21 casinos & gaming companies we cover.
Who are Wynn Resorts's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Capital World Investors, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Wynn Resorts buying back stock, and does it pay a dividend?
Wynn Resorts spent $168M on share repurchases over the trailing twelve months, and its diluted share count fell 3.2% over the year.
What is Wynn Resorts's market cap?
On November 2, 2026, Wynn Resorts's market capitalisation was about $8B, with a price-to-earnings ratio of 17.9 and net debt of $9.3B. Market figures come from third-party market data and may be delayed.
Does Wynn Resorts pay a dividend?
Yes: Wynn Resorts paid $181M in dividends over the trailing twelve months, a dividend yield of 2.26% and a payout ratio of 40.4%.
Who are Wynn Resorts's competitors?
In our Casinos & Gaming peer group, the companies closest to Wynn Resorts are Penn Entertainment, Inc., Draftkings Inc., Melco Resorts & Entertainment LTD, Caesars Entertainment, Inc. and Boyd Gaming Corp. The side-by-side comparison below sets their revenue, margins and growth against Wynn Resorts's.
When is Wynn Resorts's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Wynn Resorts announces its own schedule.