Wynn Resorts
Designer and operator of luxury integrated resorts and a London gaming club.
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Profile
Operates luxury integrated resorts in Macau, Las Vegas, and Greater Boston, plus a private gaming club in London. Casino play anchors revenue alongside rooms, dining, entertainment, and retail, while a minority-owned resort under construction in the UAE extends its tightly concentrated, regulated portfolio.
Operates Wynn Palace and Wynn Macau in Macau, Wynn and Encore in Las Vegas, and Encore Boston Harbor, with Wynn Mayfair adding private-club gaming and dining in London. Casino gaming anchors revenue, supplemented by rooms, restaurants and bars, entertainment, meetings, and retail.
Combines in-house design and development with tightly controlled resort operations. Service, dining, retail, entertainment, and convention space are coordinated to attract premium destination guests and encourage repeat visits.
A minority-owned joint venture is building Wynn Al Marjan Island in the UAE. The compact portfolio depends on destination travel and gaming licenses, with Macau concession commitments and triple-net lease obligations at Encore Boston Harbor.
Company facts
Key statistics
Year to date −22.3% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 5, 2026 | Stifel Nicolaus | Target | $140 | $143 | |
| Aug 5, 2026 | Barclays | Reiterate | Overweight | $134 | $136 |
| Jul 22, 2026 | Morgan Stanley | Reiterate | Overweight | $133 | $128 |
| Jul 16, 2026 | Stifel Nicolaus | Target | $150 | $140 | |
| Jul 15, 2026 | Goldman Sachs | Target | $148 | $120 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.99 | $1.24 | +25.0% | $1.83B | $1.86B | +1.3% | +3.64% |
| May 7, 2026Q1 FY26 | $1.18 | $1.25 | +5.9% | $1.82B | $1.86B | +1.9% | −4.15% |
| Feb 12, 2026Q4 FY25 | $1.33 | $1.17 | −12.0% | $1.85B | $1.87B | +0.7% | +5.14% |
| Nov 6, 2025Q3 FY25 | $1.15 | $0.86 | −25.2% | $1.77B | $1.83B | +3.3% | +2.94% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.70B | $1.74B | $1.83B | $1.87B | $1.86B | $1.86B | |
| Gross profit | $718.6M | $726.2M | $756.3M | $596.4M | $745.8M | $759.9M | |
| Operating income | $268.6M | $264.6M | $310.5M | $289.3M | $294.3M | $299.2M | |
| Net income | $72.7M | $66.2M | $88.3M | $100.0M | $120.5M | $140.1M | |
| Diluted EPS | $0.69 | $0.64 | $0.85 | $0.96 | $1.04 | $1.32 | |
| Gross margin | 42.3% | 41.8% | 41.2% | 32.0% | 40.2% | 40.9% | |
| Operating margin | 15.8% | 15.2% | 16.9% | 15.5% | 15.9% | 16.1% |
Fiscal years (4-quarter sums)FY21 $3.76B · FY22 $3.76B · FY23 $6.53B · FY24 $7.13B · FY25 $7.14B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.10B · Total debt $12.34B · Total assets $13.16B · Shareholders' equity −$169.5M
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 28 | $0.25 | |
| May 18, 2026 | May 18 | May 29 | $0.25 | |
| Feb 23, 2026 | Feb 23 | Mar 4 | $0.25 | |
| Nov 17, 2025 | Nov 17 | Nov 26 | $0.25 | |
| Aug 18, 2025 | Aug 18 | Aug 29 | $0.25 | |
| May 16, 2025 | May 16 | May 30 | $0.25 | |
| Feb 24, 2025 | Feb 24 | Mar 5 | $0.25 | |
| Nov 15, 2024 | Nov 15 | Nov 27 | $0.25 |
Ownership
Shares outstanding 103.79M · Float 74.95M · 72.2% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Fertitta Tilman J · 10 percent owner | 12.60M | 12.14% | Form 4 | Apr 8, 2025 |
| Capital World Investors | 9.83M | 9.47% | 13F | Aug 12, 2026 |
| Wynn Kevyn Q. | 9.54M | 9.17% | 13G | Sep 2, 2025 |
| SIG Brokerage, LP | 6.17M | 5.60% | 13G | Nov 14, 2024 |
| BlackRock, Inc. | 5.51M | 5.30% | 13G | Jul 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Tilman J. Fertitta | 10 percent owner | −300,000 | $119.00 |
| Jul 30, 2026 | Tilman J. Fertitta | 10 percent owner | −187,000 | $119.20 |
| Jul 27, 2026 | Tilman J. Fertitta | 10 percent owner | −300,000 | $116.00 |
| Jul 24, 2026 | Tilman J. Fertitta | 10 percent owner | −300,000 | $113.00 |
| Jul 23, 2026 | Tilman J. Fertitta | 10 percent owner | −300,000 | $114.00 |
Peers
- Las Vegas Sands
Macau and Asian integrated-resort scale rival
- MGM Resorts International
Broad overlap in Las Vegas, Macau, and regional casinos
- Melco Resorts & Entertainment (ADR)
Premium Macau and regional Asia resort competitor
- Caesars Entertainment
Las Vegas and U.S. casino scale competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Wynn Resorts | $95.55 | +0.30% | $9.89B | 22.8 | 21.4 | 1.3 | +6.9% |
| Las Vegas Sands | $45.05 | +0.01% | $29.17B | 17.5 | 13.5 | 2.1 | −0.7% |
| MGM Resorts International | $42.20 | −0.13% | $10.64B | 25.6 | 25.7 | 0.6 | +1.1% |
| Melco Resorts & Entertainment (ADR) | $5.32 | −0.09% | $2.07B | 8.9 | 10.7 | 0.4 | −5.7% |
| Caesars Entertainment | $29.74 | +0.02% | $6.06B | — | — | 0.5 | +3.0% |
| Median | 17.5 | 13.5 | 0.6 | +0.2% |