Wynn Resorts (WYNN) Earnings: Q3 2026 Results
Last updated November 2026
Short answer
Wynn Resorts reported revenue of $1.7 billion for Q3 2026, down 8% from a year earlier (Wynn Resorts, Nov 5, 2026). Diluted EPS was $0.17, down 80% from $0.85. Macau Operations brought in $919 million, down 8%. Every figure is from Wynn Resorts's release. Walnut is informational, not investment advice.
WYNN Q3 2026 results
In one sentence
Wynn Resorts reported revenue of $1.7 billion for Q3 2026, down 8% from a year earlier (Wynn Resorts, Nov 5, 2026).
| Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $1,689 million | $1,834 million | down 8% |
| Diluted EPS (GAAP) | $0.17 | $0.85 | down 80% |
| Diluted EPS (Adjusted net income per diluted share) | $0.33 | $0.86 | down 62% |
| Net income | $17.3 million | $88.3 million | down 80% |
The quarter ended September 30, 2026 and Wynn Resorts published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Wynn Resorts reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted net income per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.
- Wynn Resorts reports its financial statements in thousands of dollars. Figures in the tables here are converted to millions and rounded to one decimal place.
- Casino results depend on hold, the share of wagers the casino keeps. Wynn's release gives each property's expected range: Las Vegas table games win of 22% to 26% against 18.9% in Q3 2026, Encore Boston Harbor 18% to 22% against 18.9%, and Macau VIP win of 3.1% to 3.4% of turnover.
- Wynn Resorts does not publish a revenue or earnings outlook in its earnings release.
Source: Wynn Resorts Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.
WYNN revenue by segment
How Wynn Resorts splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.
| Operating revenues by property | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Macau Operations | $919 million | $1,001 million | down 8% |
| Wynn Palace | $584 million | $636 million | down 8% |
| Wynn Macau | $335 million | $366 million | down 8% |
| Las Vegas Operations | $575 million | $621 million | down 7% |
| Encore Boston Harbor | $195 million | $212 million | down 8% |
- Wynn Resorts's Macau Operations revenue was $919 million in Q3 2026, down 8% from $1.0 billion in Q3 2025, 54% of total revenue.
- Wynn Resorts's Las Vegas Operations revenue was $575 million in Q3 2026, down 7% from $621 million in Q3 2025, 34% of total revenue.
- Wynn Resorts's Encore Boston Harbor revenue was $195 million in Q3 2026, down 8% from $212 million in Q3 2025, 12% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
WYNN recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Sep 30, 2026 | $1,689 million | $0.17 | Nov 5, 2026 |
Q2 2026 ended Jun 30, 2026 | $1,857 million | $1.32 | Aug 4, 2026 |
Q1 2026 ended Mar 31, 2026 | $1,857 million | $1.04 | May 7, 2026 |
Q4 2025 ended Dec 31, 2025 | $1,866 million | $0.82 | Feb 12, 2026 |
Q3 2025 ended Sep 30, 2025 | $1,834 million | $0.85 | Nov 6, 2025 |
Total operating revenues and GAAP diluted net income per share attributable to Wynn Resorts, Limited, each as first reported in that quarter's earnings release, converted from thousands to millions.
When does WYNN report earnings next?
We do not hold a confirmed date for Wynn Resorts's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.
Past Wynn Resorts quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 2026 (this page), reported Nov 5, 2026
What Wynn Resorts's revenue is made of
Wynn Resorts had operating revenues of $1.69 billion in Q3 2026, a decrease of $144.7 million from $1.83 billion a year earlier. Wynn Palace brought in $583.8 million, the Las Vegas Operations $575.2 million, Wynn Macau $335.4 million and Encore Boston Harbor $194.7 million. Casino revenues were 62.2% of operating revenues, down from 64.1%, and Wynn said they fell primarily because of lower gaming volumes across all of its properties. (Wynn Resorts Q3 2026 release, Nov 5, 2026; Wynn Resorts Form 10-Q, Q3 2026, Nov 5, 2026)
In Macau, Wynn Palace revenue fell $51.7 million. Its mass market table drop was down 12.9% and VIP turnover down 14.3%, while mass market table games win rose to 25.8% from 22.6%. At Wynn Macau, VIP turnover fell 53.9% and the average number of VIP tables dropped to 11 from 17. Wynn Resorts owns about 72% of Wynn Macau, Limited, and its Macau subsidiary holds a gaming concession that runs to December 31, 2032. (Wynn Resorts Q3 2026 release, Nov 5, 2026; Wynn Resorts Form 10-K, 2025, Mar 2, 2026)
Las Vegas Operations revenue fell $45.8 million to $575.2 million. Casino revenue there dropped 23.6% as table games win fell to 18.9%, below the property's expected range of 22% to 26% and the 23.0% of a year earlier. Room revenue held up better: ADR rose 3.4% to $522 and occupancy was 85.5%. (Wynn Resorts Q3 2026 release, Nov 5, 2026)
Encore Boston Harbor revenue fell $17.1 million to $194.7 million, a quarter in which a strike began in early September. Its table games win of 18.9% was within the property's expected range of 18% to 22%. Across the company, gaming taxes, which Wynn records as casino expenses, totaled $459.3 million in the quarter against $509.9 million a year earlier. (Wynn Resorts Q3 2026 release, Nov 5, 2026; Wynn Resorts Form 10-Q, Q3 2026, Nov 5, 2026)
Wynn Al Marjan Island in the UAE is not yet open and adds no revenue. Wynn contributed $62.2 million in cash to the 40%-owned joint venture building it in Q3 2026, bringing its life-to-date contributions to $1.12 billion, and expects the resort to open in September 2027. (Wynn Resorts Q3 2026 release, Nov 5, 2026)
What Wynn Resorts's EPS includes
Wynn Resorts' GAAP diluted EPS fell to $0.17 in Q3 2026 from $0.85, and adjusted net income per diluted share fell to $0.33 from $0.86. The adjusted figure adds back pre-opening expenses, property charges and other, the loss on debt financing transactions and foreign currency remeasurement, and removes the gain from the change in derivatives fair value. Property charges in the quarter were mainly $15.5 million of asset abandonments and disposals in Macau and $3.3 million of contract termination costs in Las Vegas. (Wynn Resorts Q3 2026 release, Nov 5, 2026; Wynn Resorts Form 10-Q, Q3 2026, Nov 5, 2026)
Wynn's provision for income taxes was $5.6 million, against $61.1 million a year earlier. Its effective tax rate for the first nine months of 2026 was 7.9%, which the 10-Q attributes to Wynn Macau SA's exemption from Macau's 12% Complementary Tax on casino gaming profits. In September 2026 Wynn issued $900.0 million of 6.875% Senior Notes due 2035 to redeem $900.0 million of Wynn Las Vegas 5.250% Senior Notes due 2027. (Wynn Resorts Form 10-Q, Q3 2026, Nov 5, 2026; Wynn Resorts Q3 2026 release, Nov 5, 2026)
Wynn repurchased 627,475 shares in the quarter at an average price of $92.61, for $58.1 million, and had $268.0 million of authority left at September 30, 2026. Diluted weighted average shares were 102,267 thousand against 103,636 thousand a year earlier. The board declared a dividend of $0.25 per share. (Wynn Resorts Q3 2026 release, Nov 5, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at Wynn Resorts
Wynn Resorts does not publish a revenue or earnings outlook in its earnings release. What the release does state are expected hold ranges for each property, which explain part of any quarter's swing: table games win of 22% to 26% in Las Vegas and 18% to 22% at Encore Boston Harbor, and VIP win of 3.1% to 3.4% of turnover in Macau. (Wynn Resorts Q3 2026 release, Nov 5, 2026)
The one dated milestone Wynn gives is the planned September 2027 opening of Wynn Al Marjan Island, where the release says interior fit-out of all guest rooms is under way. (Wynn Resorts Q3 2026 release, Nov 5, 2026)
A consensus figure is the average of the models published by the analysts who cover Wynn Resorts, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at Wynn Resorts
The figures below are the ones Wynn Resorts's own release and filings put weight on for Q3 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| Adjusted Property EBITDAR | $464.2 million, down from $570.1 million Las Vegas Operations down $44.6 million; Wynn Palace down $34.5 million Wynn Resorts Q3 2026 release, Nov 5, 2026 |
| Las Vegas table games win | 18.9% Expected range 22% to 26%; 23.0% a year earlier Wynn Resorts Q3 2026 release, Nov 5, 2026 |
| Wynn Palace mass market table drop | Down 12.9% Mass market table games win 25.8%, up from 22.6% Wynn Resorts Q3 2026 release, Nov 5, 2026 |
| Las Vegas ADR and occupancy | ADR $522, up 3.4%; occupancy 85.5% REVPAR $447, up from $433 Wynn Resorts Q3 2026 release, Nov 5, 2026 |
| Wynn Al Marjan Island contributions | $1.12 billion life to date $62.2 million in Q3 2026; opening planned for September 2027 Wynn Resorts Q3 2026 release, Nov 5, 2026 |
| Total debt | $10.73 billion at September 30, 2026 $5.77 billion of Macau-related debt; cash and cash equivalents $1.64 billion Wynn Resorts Q3 2026 release, Nov 5, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning WYNN is on is WYNN a buy or a sell?, what analysts expect next is on the WYNN forecast, and what the company does is on the Wynn Resorts (WYNN) stock page.
How to check WYNN's figures yourself
Every number on this page can be traced to a document Wynn Resorts published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about Wynn Resorts
Ask Walnut's AI anything about WYNN and see how it fits what you own.
FAQ
What was Wynn Resorts's revenue last quarter?
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Wynn Resorts reported revenue of $1,689 million for Q3 2026, the quarter ended September 30, 2026, against $1,834 million in Q3 2025 (down 8%). The figures come from Wynn Resorts's results release of November 5, 2026.
When does WYNN report earnings next?
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We do not hold a confirmed date for Wynn Resorts's next report. Companies announce the date on their investor relations site a few weeks ahead, usually with the time of the call.
Where does Wynn Resorts's revenue come from?
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Wynn Resorts's Macau Operations revenue was $919 million in Q3 2026, down 8% from $1.0 billion in Q3 2025, 54% of total revenue. Wynn Resorts's Las Vegas Operations revenue was $575 million in Q3 2026, down 7% from $621 million in Q3 2025, 34% of total revenue. Wynn Resorts's Encore Boston Harbor revenue was $195 million in Q3 2026, down 8% from $212 million in Q3 2025, 12% of total revenue. These are the lines of Wynn Resorts's own "operating revenues by property" table for Q3 2026.
How much did Wynn Resorts's revenue grow last quarter?
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Down 8% on the year: $1,689 million in Q3 2026 against $1,834 million in Q3 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in Wynn Resorts's business do not distort it.
What is the difference between Wynn Resorts's GAAP and Adjusted net income per diluted share EPS?
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GAAP EPS follows US accounting rules and is the figure in the audited statements. Wynn Resorts's Adjusted net income per diluted share EPS starts from it and removes items the company considers outside its operating results; the release lists each adjustment in a reconciliation table. For Q3 2026 the two were $0.17 and $0.33. Analysts' EPS estimates are usually built on the adjusted figure, so check which one a headline compares before you repeat it.
Where do the WYNN numbers on this page come from?
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From Wynn Resorts's own results release and its Form 10-Q for the quarter ended September 30, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from Wynn Resorts's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.
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