WYNN Wynn Resorts margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 35

Gross margin

40.1%

Operating margin

14.2%

EBITDA margin

23.3%

Net margin

5.2%

Based on the latest figures, Wynn Resorts reports a gross margin of 40.1%, an operating margin of 14.2%, an EBITDA margin of 23.3%, and a net margin of 5.2%. The company's available margins all deteriorated, with operating margin reporting the strongest contraction of 2.8 percentage points.

WYNN margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, Wynn Resorts recorded average margins of 42.39% gross, 15.17% operating, 24.88% EBITDA, and 8% net. Compared with their three-year averages, all four current margins are lower.

WYNN margin expansion

Year-over-year margin changes in percentage points

All available margins contracted year over year, led by operating margin with a decline of 2.8 percentage points.

Gross margin expansion

-2.2pp

Operating margin expansion

-2.8pp

EBITDA margin expansion

-1.9pp

Net margin expansion

-1.9pp

WYNN Gross margin

Wynn Resorts recorded an average gross margin of 42.39% across the last 3 years. The latest gross margin for Wynn Resorts is 40.1%, 2.3 percentage points below its three-year average. Wynn Resorts's gross margin ranged from a low of 40.1% in Sep 2026 to a high of 43.8% in Jun 2024.

WYNN Operating margin

Wynn Resorts recorded an average operating margin of 15.17% across the last 3 years. Wynn Resorts currently reports an operating margin of 14.2%, 1 percentage points below its three-year average. Over the last 3 years, Wynn Resorts's operating margin peaked at 17% in Sep 2025 and reached a low of 12.9% in Dec 2023.

WYNN EBITDA margin

Wynn Resorts recorded an average EBITDA margin of 24.88% across the last 3 years. The current EBITDA margin of 23.3% is 1.6 percentage points below its three-year average. During this period, EBITDA margin reached a high of 26.6% in Sep 2024 and a low of 23.3% in Sep 2026.

WYNN Net margin

Throughout the last 3 years, Wynn Resorts had an average net margin of 8%. The current net margin of 5.2% is 2.8 percentage points below its three-year average. Looking back over the last 3 years, Wynn Resorts's net margin reached 13.4% at its highest point in Sep 2024 and 4.6% at its lowest in Dec 2025.

WYNN margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 40.1%, WYNN is above the Consumer Cyclical sector average but below the industry and its peers average. Compared to its Consumer Cyclical sector average of 36.3%, Wynn Resorts's gross margin is 10% higher.

WYNN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Wynn Resorts's gross margin?

For the period ending Sep 30, 2026, WYNN recorded a gross margin of 40.1%.

What is Wynn Resorts's operating margin?

The current operating margin for WYNN is 14.2% as of Sep 30, 2026.

What is Wynn Resorts's EBITDA margin?

For the period ending Sep 30, 2026, WYNN recorded an EBITDA margin of 23.3%.

What is Wynn Resorts's net margin?

As of Sep 30, 2026, WYNN has a net margin of 5.2%.

What are the average margins of WYNN?

Wynn Resorts's average margins over the last 3 years were 42.4% gross, 15.2% operating, 24.9% EBITDA, and 8.0% net.

What are the highest historical margins of WYNN?

Within the 5-year period, WYNN recorded its highest margins at 43.8% gross in Jun 2024, 17% operating in Sep 2025, 29% EBITDA in Jun 2023, and 13.4% net in Sep 2024.

What are the lowest historical margins of WYNN?

Wynn Resorts's lowest recorded margins during the past 5 years were 32% gross in Dec 2021, -10.5% operating in Dec 2021, 15% EBITDA in Dec 2021, and -20.1% net in Dec 2021.