How does Wynn Resorts (WYNN) make money?

Wynn Resorts (WYNN) generates revenue primarily from Casino, which accounted for 62.3% of total revenue in TTM through Q1 2026. The company reported $7.29B in revenue and converted 5.1% of it into net profit, equivalent to roughly $375M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Wynn Resorts (WYNN)?

Wynn Resorts (WYNN) reported a gross profit margin of 38.7% in TTM through Q1 2026, equivalent to $2.82B in gross profit on $7.29B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Wynn Resorts (WYNN)?

Wynn Resorts (WYNN) reported an operating profit margin of 15.9% in TTM through Q1 2026, equivalent to $1.16B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Wynn Resorts (WYNN)?

Wynn Resorts (WYNN) reported a net profit margin of 5.1% in TTM through Q1 2026, equivalent to $375M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Wynn Resorts (WYNN) profitable?

Yes. Wynn Resorts (WYNN) reported $375M in net income for TTM through Q1 2026, with a net profit margin of 5.1%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Wynn Resorts (WYNN) spend on capital expenditures?

Wynn Resorts (WYNN) spent $679M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 9.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Wynn Resorts (WYNN) generate?

Wynn Resorts (WYNN) generated $693M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 9.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Wynn Resorts (WYNN)?

Wynn Resorts (WYNN) had an effective tax rate of 17.9% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Wynn Resorts (WYNN)?

Wynn Resorts (WYNN) reports revenue across 4 reportable product segments, led by Casino at 62.3% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Wynn Resorts (WYNN) generate most of its revenue?

Las Vegas Operations is the largest geographic market for Wynn Resorts (WYNN), accounting for 52.4% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Wynn Resorts Makes Money: 2026 Visual Revenue Map

Wynn Resorts (WYNN) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Wynn Resorts (WYNN) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Wynn Resorts (WYNN), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Casino	$4.55B	62.3%
Occupancy	$1.16B	15.9%
Food and Beverage	$1.05B	14.4%
Entertainment Retail And Other	$543M	7.4%
Total	$7.29B	100%

Casino$4.55B
Occupancy$1.16B
Food and Beverage$1.05B
Entertainment Retail And Other$543M
Total$7.29B

Wynn Resorts (WYNN) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Wynn Resorts (WYNN), TTM through Q1 2026
Region	Revenue (USD)	% of total
Las Vegas Operations	$3.23B	52.4%
Macau Operations	$2.1B	34%
Encore Boston Harbor	$843M	13.6%
Total	$6.18B	100%

Las Vegas Operations
Macau Operations
Encore Boston Harbor
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Wynn Resorts (WYNN) reports revenue across 4 reportable product segments; the largest segment was Casino at 62.3%, followed by Occupancy (15.9%) and Food and Beverage (14.4%). Geographically, Las Vegas Operations accounted for 52.4% of revenue, followed by Macau Operations (34%) and Encore Boston Harbor (13.6%).

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