NASDAQ : WYNN
Wynn Resorts, Limited — Financial statements
Consumer Discretionary · Resorts & Casinos · United States
Last price 74.21 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.53B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Wynn Resorts, Limited (WYNN) reported revenue of 7.41B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 7.41B | 7.14B | 7.13B | 6.53B | 3.76B | 3.76B |
| Cost of Revenue | 2.35B | 2.27B | 2.20B | 2.14B | 1.86B | 1.73B |
| Gross Profit | 5.06B | 4.87B | 4.93B | 4.39B | 1.89B | 2.04B |
| Selling, General & Admin | 1.11B | 1.12B | 1.08B | 1.07B | 830.45M | 796.59M |
| Other Operating Expenses | 2.07B | 1.94B | 2.02B | 1.70B | 591.42M | 870.91M |
| Operating Expenses | 3.88B | 3.72B | 3.78B | 3.46B | 2.13B | 2.42B |
| Operating Income | 1.18B | 1.14B | 1.16B | 934.66M | -234.63M | -384.29M |
| Interest Expense | -617.94M | -625.56M | -688.41M | -751.51M | -650.88M | -605.56M |
| Interest & Investment Income | 57.16M | 66.51M | 130.34M | 175.78M | 29.76M | 3.21M |
| Currency Exchange Gain (Loss) | 3.70M | -8.60M | 29.20M | |||
| Other Non Operating Income (Expenses) | 85.25M | -36.59M | 39.53M | 20.94M | 21.77M | -14.63M |
| EBT Excluding Unusual Items | 712.56M | 538.44M | 665.80M | 379.87M | -833.99M | -1.00B |
| Impairment of Goodwill | -37.80M | -10.30M | ||||
| Gain (Loss) on Sale of Assets | 24.60M | 181.99M | ||||
| Asset Writedown | -21.50M | -17.70M | -20.70M | -94.49M | -10.24M | 46.00K |
| Legal Settlements | -9.40M | |||||
| Other Unusual Items | 2.50M | -6.60M | -16.90M | |||
| Pretax Income | 693.56M | 514.14M | 643.40M | 285.38M | -700.04M | -1.01B |
| Income Tax Expense | 109.68M | 105.00M | 3.68M | -496.83M | 9.33M | 474.00K |
| Earnings From Continuing Operations | 583.88M | 409.13M | 639.72M | 782.22M | -709.37M | -1.01B |
| Minority Interest in Earnings | -134.99M | -81.80M | -138.64M | -52.22M | 285.51M | 256.20M |
| Net Income | 448.88M | 327.33M | 501.08M | 729.99M | -423.86M | -755.79M |
| Net Income to Common | 448.88M | 327.33M | 501.08M | 729.99M | -423.86M | -755.79M |
| Shares Outstanding (Basic) | 102.87M | 103.70M | 109.97M | 112.52M | 113.62M | 113.76M |
| Shares Outstanding (Diluted) | 103.56M | 104.24M | 110.27M | 112.86M | 113.62M | 113.76M |
| EPS (Basic) | 4.36 | 3.16 | 4.56 | 6.49 | -3.73 | -6.64 |
| EPS (Diluted) | 4.17 | 3.14 | 4.35 | 6.32 | -3.73 | -6.64 |
| Free Cash Flow | 791.87M | 692.22M | 1.01B | 805.09M | -371.40M | -513.25M |
| Free Cash Flow Per Share | 7.65 | 6.64 | 9.13 | 7.13 | -3.27 | -4.51 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 0.75 | ||
| Gross Margin | 68.30% | 68.19% | 69.19% | 67.26% | 50.39% | 54.08% |
| Operating Margin | 15.98% | 16.01% | 16.21% | 14.31% | -6.25% | -10.21% |
| Profit Margin | 6.05% | 4.59% | 7.03% | 11.18% | -11.28% | -20.08% |
| Free Cash Flow Margin | 10.68% | 9.70% | 14.12% | 12.32% | -9.89% | -13.64% |
| EBITDA | 1.81B | 1.75B | 1.80B | 1.61B | 443.96M | 317.81M |
| EBITDA Margin | 24.40% | 24.51% | 25.26% | 24.62% | 11.82% | 8.44% |
| D&A For EBITDA | 624.54M | 606.92M | 645.19M | 673.60M | 678.59M | 702.10M |
| EBIT | 1.18B | 1.14B | 1.16B | 934.66M | -234.63M | -384.29M |
| EBIT Margin | 15.98% | 16.01% | 16.21% | 14.31% | -6.25% | -10.21% |
| Effective Tax Rate | 15.81% | 20.42% | 0.57% | |||
| Revenue as Reported | 7.41B | 7.14B | 7.13B | 6.53B | 3.76B | 3.76B |
| Advertising Expenses | 48.80M | 50.90M | 112.60M | 148.60M | 250.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.57B | 1.46B | 2.43B | 2.88B | 3.65B | 2.52B |
| Short-Term Investments | 527.37M | 601.76M | 845.19M | |||
| Trading Asset Securities | 100.00K | 5.80M | 6.70M | |||
| Cash & Short-Term Investments | 2.10B | 2.07B | 2.43B | 3.73B | 3.66B | 2.52B |
| Accounts Receivable | 336.63M | 402.64M | 324.02M | 341.71M | 216.03M | 199.46M |
| Receivables | 336.63M | 402.64M | 324.02M | 341.71M | 216.03M | 199.46M |
| Inventory | 89.94M | 88.48M | 75.78M | 75.55M | 70.09M | 69.97M |
| Prepaid Expenses | 109.08M | 110.10M | 95.72M | 85.46M | 81.50M | 79.06M |
| Restricted Cash | 18.00K | 4.82M | 4.90M | |||
| Other Current Assets | 17.40M | 17.00M | 8.70M | |||
| Total Current Assets | 2.65B | 2.68B | 2.92B | 4.24B | 4.03B | 2.88B |
| Property, Plant & Equipment | 8.38B | 8.40B | 8.32B | 8.52B | 8.75B | 9.14B |
| Long-Term Investments | 1.17B | 1.02B | 648.22M | 90.90M | ||
| Goodwill | 18.46M | 90.52M | 129.74M | |||
| Other Intangible Assets | 208.23M | 224.24M | 254.60M | 311.25M | 154.73M | 177.84M |
| Long-Term Deferred Tax Assets | 388.48M | 409.07M | 507.72M | 500.88M | ||
| Other Long-Term Assets | 359.17M | 371.56M | 327.19M | 311.74M | 391.04M | 210.66M |
| Total Assets | 13.16B | 13.11B | 12.98B | 14.00B | 13.42B | 12.53B |
| Accounts Payable | 240.73M | 255.31M | 205.15M | 208.26M | 197.47M | 170.54M |
| Accrued Expenses | 680.93M | 718.68M | 710.30M | 660.53M | 465.59M | 538.92M |
| Current Portion of Long-Term Debt | 1.43B | 9.41M | 41.25M | 709.59M | 547.54M | 53.90M |
| Current Portion of Leases | 42.38M | 29.24M | 22.71M | 28.32M | 26.92M | |
| Current Unearned Revenue | 548.27M | 601.88M | 538.14M | 574.39M | 541.23M | 471.08M |
| Other Current Liabilities | 9.66M | 15.52M | 15.46M | 24.96M | 31.27M | 26.52M |
| Total Current Liabilities | 2.91B | 1.64B | 1.54B | 2.20B | 1.81B | 1.29B |
| Long-Term Debt | 9.30B | 10.54B | 10.50B | 11.03B | 11.57B | 11.89B |
| Long-Term Leases | 1.62B | 1.70B | 1.70B | 1.66B | 1.64B | 159.21M |
| Other Long-Term Liabilities | 243.85M | 255.75M | 211.07M | 212.18M | 30.16M | 33.81M |
| Total Liabilities | 14.07B | 14.14B | 13.95B | 15.10B | 15.06B | 13.37B |
| Common Stock | 1.35M | 1.34M | 1.34M | 1.33M | 1.32M | 1.31M |
| Additional Paid-In Capital | 3.85B | 3.80B | 3.70B | 3.65B | 3.58B | 3.50B |
| Retained Earnings | -1.25B | -1.45B | -1.68B | -2.07B | -2.71B | -2.29B |
| Treasury Stock | -2.78B | -2.62B | -2.24B | -1.84B | -1.62B | -1.44B |
| Comprehensive Income & Other | 6.74M | -3.14M | -5.70M | 3.41M | -404.00K | 6.00M |
| Total Common Equity | -169.45M | -275.49M | -224.16M | -251.38M | -750.84M | -214.42M |
| Minority Interest | -737.22M | -755.79M | -744.44M | -849.55M | -889.53M | -621.80M |
| Shareholders' Equity | -906.67M | -1.03B | -968.60M | -1.10B | -1.64B | -836.22M |
| Total Liabilities & Equity | 13.16B | 13.11B | 12.98B | 14.00B | 13.42B | 12.53B |
| Total Debt | 12.34B | 12.29B | 12.27B | 13.42B | 13.79B | 12.13B |
| Net Cash (Debt) | -10.24B | -10.23B | -9.84B | -9.69B | -10.13B | -9.60B |
| Net Cash Per Share | -98.89 | -98.11 | -89.24 | -85.83 | -89.18 | -84.42 |
| Filing Date Shares Outstanding | 101.46M | 102.77M | 105.38M | 111.10M | 112.85M | 115.00M |
| Total Common Shares Outstanding | 101.89M | 102.48M | 106.80M | 110.76M | 112.53M | 114.81M |
| Working Capital | -254.78M | 1.04B | 1.38B | 2.04B | 2.22B | 1.59B |
| Book Value Per Share | -1.66 | -2.69 | -2.10 | -2.27 | -6.67 | -1.87 |
| Tangible Book Value | -377.68M | -499.73M | -478.76M | -581.09M | -996.09M | -522.00M |
| Tangible Book Value Per Share | -3.71 | -4.88 | -4.48 | -5.25 | -8.85 | -4.55 |
| Land | 1.24B | 1.23B | 1.21B | 1.23B | 1.20B | 1.28B |
| Buildings | 8.82B | 8.71B | 8.55B | 8.46B | 8.36B | 9.79B |
| Machinery | 3.92B | 3.85B | 3.53B | 3.42B | 3.28B | 3.18B |
| Construction In Progress | 364.79M | 350.29M | 287.44M | 162.59M | 112.03M | 250.38M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 448.88M | 327.33M | 501.08M | 729.99M | -423.86M | -755.79M |
| Depreciation & Amortization | 638.25M | 620.63M | 658.89M | 687.27M | 692.32M | 715.96M |
| Other Amortization | 42.58M | 39.96M | 39.43M | 39.53M | 29.43M | 27.05M |
| Loss (Gain) From Sale of Assets | -24.60M | -181.99M | ||||
| Asset Writedown & Restructuring Costs | 21.50M | 17.70M | 20.70M | 94.49M | 48.04M | 10.25M |
| Stock-Based Compensation | 86.33M | 91.93M | 59.03M | 64.52M | 67.63M | 95.24M |
| Provision & Write-off of Bad Debts | 19.06M | 12.82M | 4.99M | -3.96M | -7.29M | 29.49M |
| Other Operating Activities | 222.66M | 281.06M | 202.47M | -365.80M | -238.92M | -203.78M |
| Change in Accounts Receivable | -32.67M | -89.98M | 13.48M | -123.75M | -9.34M | -29.44M |
| Change in Inventory | 9.32M | -10.72M | 26.63M | -6.03M | -19.74M | -21.50M |
| Change in Accounts Payable | 1.74M | 3.28M | -38.92M | 93.66M | -97.24M | 117.80M |
| Change in Unearned Revenue | 1.53M | 58.64M | -36.97M | 37.95M | 69.69M | -207.88M |
| Operating Cash Flow | 1.46B | 1.35B | 1.43B | 1.25B | -71.27M | -222.59M |
| Capital Expenditures | -667.32M | -660.43M | -419.93M | -442.79M | -300.13M | -290.66M |
| Sale of Property, Plant & Equipment | 9.67M | 1.55M | 52.40M | 1.16M | 1.70B | 4.27M |
| Sale (Purchase) of Intangibles | -7.00K | -457.00K | -2.62M | -10.75M | -12.20M | -56.03M |
| Investment in Securities | -962.36M | -997.82M | 286.58M | -890.15M | -40.18M | |
| Investing Cash Flow | -1.62B | -1.66B | -83.56M | -1.34B | 1.35B | -342.42M |
| Long-Term Debt Issued | 1.75B | 1.88B | 1.20B | 211.44M | 1.34B | |
| Long-Term Debt Repaid | -1.79B | -3.08B | -1.55B | -68.19M | -2.50B | |
| Net Debt Issued (Repaid) | 173.16M | -36.12M | -1.20B | -352.39M | 143.25M | -1.16B |
| Issuance of Common Stock | 1.19M | 457.00K | 1.02M | 1.97M | 841.90M | |
| Repurchase of Common Stock | -168.00M | -380.11M | -401.80M | -212.46M | -187.50M | -13.84M |
| Common Dividends Paid | -181.39M | -174.66M | -139.56M | -84.73M | -1.45M | -1.55M |
| Other Financing Activities | -77.40M | -62.87M | -58.19M | -71.59M | 22.02M | -50.73M |
| Financing Cash Flow | -252.44M | -653.30M | -1.79B | -719.21M | -23.68M | -388.00M |
| Foreign Exchange Rate Adjustments | 622.00K | -3.89M | 3.53M | 282.00K | -2.09M | -2.30M |
| Net Cash Flow | -412.63M | -961.70M | -447.62M | -813.58M | 1.25B | -955.32M |
| Free Cash Flow | 791.87M | 692.22M | 1.01B | 805.09M | -371.40M | -513.25M |
| Free Cash Flow Margin | 10.68% | 9.70% | 14.12% | 12.32% | -9.89% | -13.64% |
| Free Cash Flow Per Share | 7.65 | 6.64 | 9.13 | 7.13 | -3.27 | -4.51 |
| Levered Free Cash Flow | 476.19M | 414.48M | 643.32M | 545.84M | -66.96M | -199.29M |
| Unlevered Free Cash Flow | 819.82M | 765.49M | 1.03B | 976.00M | 310.42M | 152.14M |
| Cash Interest Paid | 573.23M | 585.42M | 658.44M | 688.35M | 618.39M | 581.65M |
| Cash Income Tax Paid | 9.24M | 9.24M | 10.16M | 10.31M | 5.29M | 1.75M |
| Change in Working Capital | -20.07M | -38.78M | -35.78M | 1.84M | -56.62M | -141.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.58B | 12.39B | 9.38B | 10.21B | 9.27B | 9.76B |
| Enterprise Value | 17.08B | 21.85B | 19.59B | 19.15B | 18.72B | 18.60B |
| Last Close Price | 119.46 | 84.71 | 88.61 | 79.58 | 82.06 | |
| PE Ratio | 18.62 | 37.85 | 18.71 | 13.99 | ||
| Forward PE | 19.47 | 21.30 | 17.58 | 19.40 | 30.64 | 30.64 |
| PS Ratio | 1.02 | 1.74 | 1.32 | 1.56 | 2.47 | 2.59 |
| PB Ratio | -12.01 | -9.68 | -9.28 | -5.65 | -11.67 | |
| P/FCF Ratio | 9.57 | 17.90 | 9.32 | 12.69 | ||
| P/OCF Ratio | 5.19 | 9.16 | 6.58 | 8.19 | ||
| PEG Ratio | 6.41 | 11.33 | 1.77 | 1.11 | 1.11 | 1.11 |
| EV/Sales Ratio | 2.30 | 3.06 | 2.75 | 2.93 | 4.98 | 4.94 |
| EV/EBITDA Ratio | 9.44 | 12.49 | 10.88 | 11.91 | 42.16 | 58.53 |
| EV/EBIT Ratio | 14.42 | 19.12 | 16.96 | 20.49 | ||
| EV/FCF Ratio | 21.57 | 31.57 | 19.47 | 23.79 | ||
| Debt / Equity Ratio | -13.61 | -11.92 | -12.66 | -12.19 | -8.41 | -14.50 |
| Debt / EBITDA Ratio | 6.62 | 6.81 | 6.58 | 8.04 | 27.68 | 32.62 |
| Debt / FCF Ratio | 15.59 | 17.76 | 12.19 | 16.66 | ||
| Net Debt / Equity Ratio | -11.30 | -9.92 | -10.16 | -8.80 | -6.18 | -11.48 |
| Net Debt / EBITDA Ratio | 5.66 | 5.84 | 5.47 | 6.02 | 22.82 | 30.22 |
| Net Debt / FCF Ratio | 12.93 | 14.77 | 9.78 | 12.03 | -27.28 | -18.71 |
| Asset Turnover | 0.57 | 0.55 | 0.53 | 0.48 | 0.29 | 0.28 |
| Inventory Turnover | 27.56 | 27.65 | 29.03 | 29.37 | 26.62 | 25.37 |
| Quick Ratio | 0.84 | 1.50 | 1.79 | 1.85 | 2.14 | 2.11 |
| Current Ratio | 0.91 | 1.63 | 1.90 | 1.93 | 2.23 | 2.23 |
| Return on Assets (ROA) | 5.73% | 5.48% | 5.35% | 4.26% | -1.13% | -1.82% |
| Return on Invested Capital (ROIC) | 9.41% | 7.94% | 9.89% | 7.99% | -2.05% | -3.31% |
| Return on Capital Employed (ROCE) | 11.60% | 10.00% | 10.10% | 7.90% | -2.00% | -3.40% |
| Earnings Yield | 5.37% | 2.64% | 5.34% | 7.15% | -4.57% | -7.75% |
| FCF Yield | 10.45% | 5.59% | 10.73% | 7.88% | -4.01% | -5.26% |
| Dividend Yield | 1.29% | 0.83% | 1.14% | 0.81% | ||
| Payout Ratio | 23.98% | 53.36% | 27.85% | 11.61% | ||
| Buyback Yield / Dilution | 3.24% | 5.46% | 2.29% | 0.68% | 0.12% | -6.57% |
| Total Shareholder Return | 4.53% | 6.29% | 3.43% | 1.49% | 0.12% | -6.57% |