Wynn Resorts (WYNN) Q3 FY2026 earnings: revenue $1.7 billion, down 7.9% on the year

Wynn Resorts Ltd. (WYNN) reported revenue of $1.7 billion for Q3 FY2026, the quarter ended 30 September 2026, down 7.9% on the same quarter a year earlier. Net income was $17 million, down 80.4% on the year, and diluted earnings per share $0.17. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$1.7 billion

-7.9% on the year · -9.0% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

10.6%

16.9% a year earlier

Q4 FY2024Q3 FY2026

Net income

$17 million

-80.4% on the year · -87.6% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.17

-80.0% on the year · -87.1% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 5 kept.

Revenue and net income declined: Operating revenues were $1.69 billion, down $144.7 million from $1.83 billion. Net income attributable to Wynn Resorts was $17.3 million, or $0.17 diluted per share, against $88.3 million, or $0.85.
Adjusted Property EBITDAR down $105.9 million: Adjusted Property EBITDAR was $464.2 million, against $570.1 million a year earlier. Declines were recorded at Las Vegas Operations, Wynn Palace, Wynn Macau and Encore Boston Harbor.
Las Vegas Operations earnings fell: Las Vegas Operations revenue was $575.2 million, down $45.8 million. Adjusted Property EBITDAR was $158.8 million, against $203.4 million a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,689	1,857	1,834	-9.0%	-7.9%
Selling, general and administrative	276	270	275	+2.3%	+0.5%
Operating income	178	298	310	-40.1%	-42.6%
Operating margin	10.6%	16.0%	16.9%
Interest expense	152	152	158	-0.3%	-3.7%
Pre-tax income	42.3	199	190	-78.7%	-77.7%
Income tax	5.6	16.2	61.1	-65.5%	-90.9%
Effective tax rate	13.2%	8.1%	32.3%
Net income	17.3	140	88.3	-87.6%	-80.4%
Net margin	1.0%	7.5%	4.8%
Diluted EPS	$0.17	$1.32	$0.85	-87.1%	-80.0%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	96.8	492	336	-80.3%	-71.2%
Capital expenditure	202	153	164	+31.7%	+22.9%
Free cash flow	-105	339	172
Free cash flow margin	-6.2%	18.3%	9.4%
Cash from investing	117	-131	-744
Cash from financing	-143	22.8	-95.3
Depreciation and amortisation	167	165	153	+0.8%	+9.1%
Share-based compensation	20.2	16.9	22.7	+19.5%	-10.8%
Buybacks	58.1	95.5	2.0	-39.2%	+2,782.2%
Dividends paid	68.3	68.1	60.6	+0.3%	+12.8%
Dividend per share	$0.25	$0.25	$0.25	0.0%	0.0%
Diluted shares, weighted	102m	103m	104m	-0.7%	-1.3%
Shares outstanding at period end	103m	103m	104m	-0.6%	-1.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	-217	-169	-370
Non-controlling interest	-768	-737	-771
Debt	10,734	10,725	10,568	+0.1%	+1.6%
Operating lease liabilities	1,621	1,618	1,628	+0.2%	-0.4%
Other liabilities	1,749	1,723	1,747	+1.5%	+0.1%
Total liabilities and equity	13,120	13,159	12,802	-0.3%	+2.5%
Fixed assets	6,684	6,615	6,579	+1.0%	+1.6%
Intangible assets	201	208	232	-3.6%	-13.4%
Cash and equivalents	1,642	1,573	1,486	+4.4%	+10.5%
Receivables	383	337	353	+13.8%	+8.6%
Inventory	92.1	89.9	87.8	+2.4%	+4.8%
Other assets	4,118	4,336	4,064	-5.0%	+1.3%
Total assets	13,120	13,159	12,802	-0.3%	+2.5%

Questions

What was Wynn Resorts' revenue in Q3 FY2026?

Wynn Resorts (WYNN) reported revenue of $1.7 billion for Q3 FY2026, the quarter ended 30 September 2026, down 7.9% on the same quarter a year earlier.

How much did Wynn Resorts earn in Q3 FY2026?

Net income for Q3 FY2026 was $17 million, down 80.4% on the year, and diluted earnings per share $0.17.

When did Wynn Resorts report Q3 FY2026 results?

Wynn Resorts filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 * †	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,053	953	909	890	1,005	1,424	1,596	1,672	1,840	1,863	1,733	1,693	1,839	1,700	1,738	1,834	1,866	1,857	1,857	1,689
SG&A	222	197	200	201	232	260	257	268	279	272	265	272	272	276	281	275	285	275	270	276
Operating income	-106	-94.9	-52.0	-53.0	99.2	170	250	62.6	358	363	270	133	367	269	265	310	275	283	298	178
Operating margin	-10%	-10%	-6%	-6%	10%	12%	16%	4%	19%	19%	16%	8%	20%	16%	15%	17%	15%	15%	16%	11%
Interest expense	152	152	155	165	179	188	190	189	185	182	175	168	163	158	155	158	156	152	152	152
Pre-tax income	-258	-253	-213	-206	-27.5	2.2	132	-123	274	197	154	11.7	281	92.4	87.5	190	145	161	199	42.3
Tax rate	n/a	n/a	n/a	n/a	n/a	47%	3%	n/a	-182%	10%	5%	146%	-15%	12%	12%	32%	15%	6%	8%	13%
Net income	-177	-183	-130	-143	32.4	12.3	105	-117	729	144	112	-32.1	277	72.7	66.2	88.3	100	120	140	17.3
Net margin	-17%	-19%	-14%	-16%	3%	1%	7%	-7%	40%	8%	6%	-2%	15%	4%	4%	5%	5%	6%	8%	1%
Diluted EPS	-$1.51	-$1.59	-$1.14	-$1.27	$0.29	-$0.02	$0.84	-$1.03	$6.19	$1.30	$0.91	-$0.29	$2.29	$0.69	$0.64	$0.85	$0.82	$1.04	$1.32	$0.17
Operating cash flow	-5.8	-117	-40.1	4.4	81.8	169	361	276	441	315	353	279	479	134	405	336	478	153	492	96.8
Capital expenditure	77.6	96.3	89.7	87.2	26.9	124	90.8	114	113	97.7	93.6	101	127	160	165	164	171	179	153	202
Free cash flow	-83.3	-214	-130	-82.8	54.9	45.0	270	162	328	217	259	178	352	-26.2	240	172	307	-25.6	339	-105
Buybacks	2.8	11.7	138	29.3	8.9	10.8	1.3	58.9	141	11.4	69.4	117	204	212	166	2.0	0.4	70.0	95.5	58.1
Dividends paid	0.6	1.2	0.1	0.0	0.1	0.2	28.5	28.0	28.0	28.0	42.2	41.9	27.5	26.8	61.5	60.6	25.8	26.9	68.1	68.3
Shares outstanding	116m	116m	114m	113m	113m	114m	114m	113m	112m	112m	111m	110m	108m	106m	104m	104m	104m	104m	103m	103m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.