Jun 2026 (Q2 FY26) — Aug 4, 2026
Wynn Resorts Q2 FY26 — Strong Las Vegas & Macau Performance, Al Marjan Island Project Update
Read the full callWynn Resorts (WYNN) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Wynn Resorts earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,857 | +6.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.0 | +0.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 140 | +111.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
4 of 4 judged targets kept · 12 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total expansionary Macau CapEx for 2026 | $400 million to $450 million | Dec 2025 | All in, we now expect our 2026 expansionary CapEx in Macao to land in the $350 million to $400 million range. | Revised Up |
| Enclave at Wynn Palace hotel tower investment | $900 million to $950 million | Mar 2026 | The Event Center and theater are expected to be completed in 2028, and Enclave is expected to be opened in 2029. | On Track |
| Chairman's Club expansion completion (Wynn Palace) | Complete ahead of Chinese New Year 2026 | Sep 2025 | we were pleased to open our newly expanded Chairman's Club during the quarter to strong customer reception. | Achieved |
12 of WYNN RESORTS LTD's 16 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 13 more targets are in the full ledger.
Claimed
- Wynn Las Vegas delivered $215 million of EBITDA, with casino revenues up 5% and RevPAR up 3%.
- Encore Boston Harbor generated $56 million of EBITDA, setting records for 2Q RevPAR and 2Q hotel revenue, with slot revenues up 1%.
- Macau delivered $306 million in VIP normalized EBITDA, with mass drop up 5%.
- The Wynn Al Marjan Island project is progressing rapidly, with an expected opening in September 2027.
Qualified
- The Wynn Al Marjan Island project budget increased by approximately $600 million due to regional conflict disruptions and other costs.
- Macau rolling volumes and mass drop were down slightly year-on-year in early Q3 due to World Cup impact and seasonality.
- Wynn Las Vegas experienced unusually low hold in July, which negatively impacted Q2 by over $3.6 million.
- Encore renovations are expected to result in $2 million to $4 million in foregone revenue per quarter through the first half of next year.
Price
$76.97 +4.39% · +$3.24
Performance −33.7% 1Y
1Y: $116.11 on 14 Oct 2025 → $76.97. High $133.09 (2 Dec 2025), low $73.73 (14 Oct 2026).
- Previous close
- $73.73
- 52-week range
- $73.73 – $133.09
- One year
- −34.81%
Overview
- Symbol
- WYNN
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
4 of 4 judged targets kept · 12 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total expansionary Macau CapEx for 2026 | $400 million to $450 million | Dec 2025 | All in, we now expect our 2026 expansionary CapEx in Macao to land in the $350 million to $400 million range. | Revised Up |
| Enclave at Wynn Palace hotel tower investment | $900 million to $950 million | Mar 2026 | The Event Center and theater are expected to be completed in 2028, and Enclave is expected to be opened in 2029. | On Track |
| Chairman's Club expansion completion (Wynn Palace) | Complete ahead of Chinese New Year 2026 | Sep 2025 | we were pleased to open our newly expanded Chairman's Club during the quarter to strong customer reception. | Achieved |
Claimed
- Wynn Las Vegas delivered $215 million of EBITDA, with casino revenues up 5% and RevPAR up 3%.
- Encore Boston Harbor generated $56 million of EBITDA, setting records for 2Q RevPAR and 2Q hotel revenue, with slot revenues up 1%.
- Macau delivered $306 million in VIP normalized EBITDA, with mass drop up 5%.
- The Wynn Al Marjan Island project is progressing rapidly, with an expected opening in September 2027.
Qualified
- The Wynn Al Marjan Island project budget increased by approximately $600 million due to regional conflict disruptions and other costs.
- Macau rolling volumes and mass drop were down slightly year-on-year in early Q3 due to World Cup impact and seasonality.
- Wynn Las Vegas experienced unusually low hold in July, which negatively impacted Q2 by over $3.6 million.
- Encore renovations are expected to result in $2 million to $4 million in foregone revenue per quarter through the first half of next year.
The full ledger
Open WYNN RESORTS LTD’s full ledger
A free account opens 5 company ledgers a month. All 16 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Wynn Resorts Q1 FY26 — Strong Performance Across Segments, UAE Project Faces Modest Delay
Read the full callEvery analysed call
Wynn Resorts earnings calls (WYNN)
Financials
What the filings say
Net profit, year on year: +112% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,693 | 1,839 | 1,700 | 1,738 | 1,834 | 1,866 | 1,857 | 1,857 |
| Expenses | 1,560 | 1,472 | 1,432 | 1,473 | 1,523 | 1,591 | 1,574 | 1,559 |
| Operating profit | 133 | 367 | 269 | 265 | 310 | 275 | 283 | 298 |
| Operating margin | 7.9% | 19.9% | 15.8% | 15.2% | 16.9% | 14.7% | 15.2% | 16.0% |
| Other income | -122 | -86 | -176 | -177 | -121 | -130 | -122 | -99 |
| Interest | 168 | 163 | 158 | 155 | 158 | 156 | 152 | 152 |
| Profit before tax | 12 | 281 | 92 | 88 | 190 | 145 | 161 | 199 |
| Tax rate | 146.2% | −14.7% | 11.9% | 12.1% | 32.3% | 15.4% | 6.3% | 8.1% |
| Net profit | -32 | 277 | 73 | 66 | 88 | 100 | 120 | 140 |
| EPS ($ per share) | -0.29 | — | 0.69 | 0.64 | 0.86 | — | 1.17 | 1.37 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 922 | 642 | -1,532 | -2,288 | -2,712 | -2,067 | -1,677 | -1,454 |
| Total liabilities | 11,401 | 12,330 | 14,607 | 13,367 | 15,055 | 15,097 | 13,947 | 14,139 |
| Fixed assets | 9,386 | 9,624 | 9,197 | 8,765 | 6,896 | 6,688 | 6,521 | 6,626 |
| Investments | 0 | — | — | — | — | — | — | — |
| Total assets | 13,216 | 13,871 | 13,870 | 12,531 | 13,415 | 13,996 | 12,978 | 13,108 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 961 | 901 | -1,072 | -223 | -71 | 1,248 | 1,426 | 1,353 |
| Cash from investing | -1,223 | -1,069 | -266 | -342 | 1,349 | -1,343 | -84 | -1,657 |
| Cash from financing | -324 | 299 | 2,463 | -388 | -24 | -719 | -1,794 | -653 |
| Net cash flow | -587 | 139 | 1,128 | -955 | 1,252 | -814 | -448 | -962 |
| Capital expenditure | -1,476 | -1,063 | -290 | -291 | -300 | -443 | -420 | -660 |
| Free cash flow | -514 | -162 | -1,363 | -513 | -371 | 805 | 1,006 | 692 |
WYNN revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Macau Operations | 51% | 251% | 102% | 102% | 109% | 104% | 107% | 108% | +13.7% |
| Las Vegas Operations | — | — | 37% | 37% | 34% | 37% | 36% | 35% | +0.7% |
| Encore Boston Harbor | 13% | 12% | 12% | 12% | 12% | 11% | 11% | 11% | -3.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
WYNN operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Development pipeline rooms The Enclave at Wynn Palace | 432The Enclave at Wynn Palace, a 432 all-suite hotel will sit directly adjacent to and connect into the east entrance of Wynn Palace.Source: earnings call transcript | 432Last quarter, we announced Enclave, a new 432 all-suite hotel and expect to commence construction on that tower before the end of the year.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
42 filings between Jan 7, 2026 and Sep 15, 2026.
Open market
decisions to buy or sellNobody bought or sold WYNN on the open market in this window. The filings below are 17 awards, 3 option exercises and 22 tax withholdings.
Compensation
not trading decisions- 17
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
- 22
- Tax withheld — shares kept back by the company to cover tax
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 15, 2026 | KRUM JACQUI EVP and General Counsel | Tax withheld | 2,171 | $188.2K |
| May 28, 2026 | SATRE PHILIP G Director | Option exercise | 10,827 | $882.9K |
| May 6, 2026 | STROM DARNELL O. Director | Award | 2,354 | $0 |
| May 6, 2026 | Byrne Richard J Director | Award | 2,354 | $0 |
| May 6, 2026 | ATKINS BETSY S Director | Award | 1,177 | $0 |
| May 6, 2026 | SATRE PHILIP G Director | Award | 1,177 | $0 |
| May 6, 2026 | Webb Winifred Markus Director | Award | 2,354 | $0 |
| May 6, 2026 | SANFILIPPO ANTHONY MICHAEL Director | Award | 2,354 | $0 |
| Apr 6, 2026 | Fullalove Craig Jeffrey CFO | Award | 1,062 | $0 |
| Apr 6, 2026 | Fullalove Craig Jeffrey CFO | Award | 3,249 | $0 |
| Feb 28, 2026 | CAMERON-DOE JULIE CFO | Tax withheld | 794 | $85.9K |
| Feb 28, 2026 | Billings Craig Scott CEO | Tax withheld | 3,914 | $423.5K |
| Feb 28, 2026 | CAMERON-DOE JULIE CFO | Tax withheld | 687 | $74.3K |
| Feb 28, 2026 | CAMERON-DOE JULIE CFO | Tax withheld | 629 | $68.1K |
| Feb 28, 2026 | Billings Craig Scott CEO | Tax withheld | 3,293 | $356.3K |
| Feb 28, 2026 | KRUM JACQUI EVP and General Counsel | Tax withheld | 532 | $57.6K |
| Feb 28, 2026 | Billings Craig Scott CEO | Tax withheld | 3,388 | $366.5K |
| Jan 12, 2026 | Billings Craig Scott CEO | Tax withheld | 4,939 | $577.1K |
| Jan 12, 2026 | CAMERON-DOE JULIE CFO | Tax withheld | 943 | $110.2K |
| Jan 12, 2026 | KRUM JACQUI EVP and General Counsel | Tax withheld | 383 | $44.7K |
| Jan 9, 2026 | CAMERON-DOE JULIE CFO | Tax withheld | 1,031 | $121.5K |
| Jan 9, 2026 | KRUM JACQUI EVP and General Counsel | Tax withheld | 270 | $31.8K |
| Jan 9, 2026 | Billings Craig Scott CEO | Tax withheld | 5,081 | $598.7K |
| Jan 7, 2026 | Billings Craig Scott CEO | Tax withheld | 5,871 | $683.2K |
| Jan 7, 2026 | Billings Craig Scott CEO | Option exercise | 30,312 | — |
| Jan 7, 2026 | Billings Craig Scott CEO | Award | 24,663 | $0 |
| Jan 7, 2026 | Billings Craig Scott CEO | Award | 31,710 | $0 |
| Jan 7, 2026 | Billings Craig Scott CEO | Tax withheld | 4,478 | $521.1K |
| Jan 7, 2026 | CAMERON-DOE JULIE CFO | Tax withheld | 2,278 | $265.1K |
| Jan 7, 2026 | Billings Craig Scott CEO | Tax withheld | 11,928 | $1.39M |
| Jan 7, 2026 | Billings Craig Scott CEO | Award | 14,533 | $0 |
| Jan 7, 2026 | KRUM JACQUI EVP and General Counsel | Tax withheld | 1,237 | $143.9K |
| Jan 7, 2026 | KRUM JACQUI EVP and General Counsel | Tax withheld | 798 | $92.9K |
| Jan 7, 2026 | CAMERON-DOE JULIE CFO | Tax withheld | 1,191 | $138.6K |
| Jan 7, 2026 | KRUM JACQUI EVP and General Counsel | Award | 4,796 | $0 |
| Jan 7, 2026 | KRUM JACQUI EVP and General Counsel | Award | 3,350 | $0 |
| Jan 7, 2026 | KRUM JACQUI EVP and General Counsel | Award | 4,307 | $0 |
| Jan 7, 2026 | CAMERON-DOE JULIE CFO | Option exercise | 5,789 | — |
| Jan 7, 2026 | CAMERON-DOE JULIE CFO | Award | 5,001 | $0 |
| Jan 7, 2026 | CAMERON-DOE JULIE CFO | Award | 6,429 | $0 |
| Jan 7, 2026 | CAMERON-DOE JULIE CFO | Tax withheld | 1,411 | $164.2K |
| Jan 7, 2026 | CAMERON-DOE JULIE CFO | Award | 5,522 | $0 |
| Sep 15, 2025 | KRUM JACQUI EVP and General Counsel | Tax withheld | 2,174 | $267.1K |
| Sep 2, 2025 | Mulroy Patricia Director | Sale | 4,438 | $554.8K |
| Sep 2, 2025 | Mulroy Patricia Director | Option exercise | 4,438 | $302.9K |
| May 29, 2025 | Mulroy Patricia Director | Sale | 2,262 | $208.4K |
| May 29, 2025 | Mulroy Patricia Director | Option exercise | 2,262 | $154.4K |
| May 13, 2025 | Mulroy Patricia Director | Other | 2,696 | $0 |
| May 13, 2025 | Mulroy Patricia Director | Other | 2,696 | $0 |
| May 2, 2025 | CAMERON-DOE JULIE CFO | Other | 57,078 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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