Wynn Resorts Limited (WYNN) financial statements
Wynn Resorts Limited reported revenue of $7.1B in fiscal 2025, up 5.7% a year over 9 years.
Net income was $327M and the operating margin 15.7%, against 12.0% in 2016.
Free cash flow was $692M, and the company returned $175M in dividends and $380M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Wynn Resorts Limited's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.3B | $6.1B | $6.7B | $6.6B | $2.1B | $3.8B | $3.8B | $6.5B | $7.1B | $7.1B |
| Selling, general and admin | $548M | $685M | $761M | $897M | $721M | $797M | $830M | $1.1B | $1.1B | $1.1B |
| Operating income | $522M | $1.1B | $736M | $878M | -$1.2B | -$395M | -$101M | $840M | $1.1B | $1.1B |
| Interest expense | $289M | $389M | $382M | $414M | $556M | $606M | $651M | $752M | $688M | $626M |
| Pre-tax income | $311M | $560M | $306M | $488M | -$1.8B | -$1.0B | -$700M | $285M | $643M | $514M |
| Income tax | $8M | -$329M | -$497M | $177M | $565M | $474,000 | $9M | -$497M | $4M | $105M |
| Net income | $242M | $747M | $572M | $123M | -$2.1B | -$756M | -$424M | $730M | $501M | $327M |
| EPS (diluted) | $2.38 | $7.28 | $5.35 | $1.15 | -$19.37 | -$6.64 | -$3.73 | $6.32 | $4.35 | $3.14 |
| Diluted shares | 102M | 103M | 107M | 107M | 107M | 114M | 114M | 113M | 110M | 104M |
| Operating margin | 12.0% | 17.4% | 10.9% | 13.3% | -58.8% | -10.5% | -2.7% | 12.9% | 15.9% | 15.7% |
| Net margin | 5.6% | 12.3% | 8.5% | 1.9% | -98.6% | -20.1% | -11.3% | 11.2% | 7.0% | 4.6% |
Balance sheet
Fiscal years, from Wynn Resorts Limited's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.6B | $3.0B | $2.2B | $2.4B | $3.5B | $2.5B | $3.7B | $2.9B | $2.4B | $1.5B |
| Receivables | $219M | $224M | $277M | $346M | $200M | $199M | $216M | $342M | $324M | $403M |
| Inventory | $92M | $72M | $67M | $89M | $66M | $70M | $70M | $76M | $76M | $88M |
| Total current assets | $3.0B | $3.4B | $2.6B | $2.9B | $3.8B | $2.9B | $4.0B | $4.2B | $2.9B | $2.7B |
| Property, plant and equipment | $8.3B | $8.5B | $9.4B | $9.6B | $9.2B | $8.8B | $6.9B | $6.7B | $6.5B | $6.6B |
| Goodwill | — | — | $0 | $18M | $144M | $130M | $91M | $18M | $18M | — |
| Total assets | $12.0B | $12.7B | $13.2B | $13.9B | $13.9B | $12.5B | $13.4B | $14.0B | $13.0B | $13.1B |
| Total current liabilities | $1.4B | $1.9B | $1.9B | $2.0B | $1.9B | $1.3B | $1.8B | $2.2B | $1.5B | $1.6B |
| Long-term debt | $10.1B | $9.6B | $9.4B | $10.1B | $12.5B | $11.9B | $11.6B | $11.0B | $10.5B | $10.5B |
| Total liabilities | $11.7B | $11.6B | $11.4B | $12.3B | $14.6B | $13.4B | $15.1B | $15.1B | $13.9B | $14.1B |
| Shareholders' equity | $158M | $948M | $2.0B | $1.7B | -$352M | -$214M | -$751M | -$251M | -$224M | -$275M |
| Net debt | $7.7B | $6.8B | $7.2B | $8.1B | $9.6B | $9.4B | $8.5B | $8.9B | $8.1B | $9.1B |
Cash flow
Fiscal years, from Wynn Resorts Limited's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $971M | $1.9B | $961M | $901M | -$1.1B | -$223M | -$71M | $1.2B | $1.4B | $1.4B |
| Capital spending | $1.2B | $935M | $1.5B | $1.1B | $290M | $291M | $300M | $443M | $420M | $660M |
| Free cash flow | -$255M | $941M | -$514M | -$162M | -$1.4B | -$513M | -$371M | $805M | $1.0B | $692M |
| Stock-based compensation | $44M | $44M | $35M | $40M | $62M | $95M | $68M | $65M | $59M | $92M |
| Dividends paid | $325M | $321M | $570M | $567M | $109M | $2M | $1M | $85M | $140M | $175M |
| Share buybacks (net) | -$14M | -$18M | -$160M | -$67M | -$12M | -$14M | -$187M | -$212M | -$402M | -$380M |
| Net borrowing | $1.0B | -$530M | -$243M | $964M | $2.7B | -$1.1B | $161M | -$333M | -$1.2B | -$10M |
| Free cash flow margin | -5.9% | 15.5% | -7.7% | -2.5% | -65.0% | -13.6% | -9.9% | 12.3% | 14.1% | 9.7% |
| Dividends per share | $3.19 | $3.13 | $5.32 | $5.30 | $1.02 | $0.01 | $0.01 | $0.75 | $1.27 | $1.68 |
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Open WYNN in InvestinglyQuestions
What was Wynn Resorts Limited's revenue in 2025?
$7.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Wynn Resorts Limited generate?
$692M in fiscal 2025 (operating cash flow minus capital spending).
From Wynn Resorts Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.