Wynn Resorts, Limited WYNN

Revenue Intelligence Report • 66 quarters of SEC filing data • Updated 2026-03-15

Revenue is driven by casino gaming and hospitality demand, with the latest quarterly revenue at 1.866 billion dollars. The analysis shows a strong ROI on SG&A spending, with every $1 of SG&A expected to generate $2.33 in long-run revenue. The model is linear and moderately accurate (MAPE 17.3%), with a holdout test predicting 1.8B vs 1.9B actual (5.8% error), indicating reasonable credibility with some uncertainty. For the full year, revenue is forecast at $6.6B, down 7% year over year, underscoring near-term headwinds and highlighting SG&A efficiency and macro travel demand as key levers for potential upside.

Investment Thesis

At 17.3% MAPE, the model captures Wynn Resorts, Limited's broad revenue trajectory, though quarterly variability suggests sensitivity to external factors. Each $1 of SG&A spending generates $2.33 in revenue, reflecting strong commercial efficiency.

Next FY Revenue
$6.63B
-7.0% YoY
SG&A Multiplier
$2.33 per $1
Model Accuracy
17.3% MAPE
Holdout validation: The model predicted $1.8B vs the actual $1.9B — an error of 5.8%.
Note: Wynn Resorts, Limited does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

WYNN Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $1.8B $1.9B $1.5B – $2.0B -4.4% ✓ In range
Q2 2026 $1.7B $1.3B – $2.1B +0.8%
Q3 2026 $1.7B $1.2B – $2.2B -3.6%
Q4 2026 $1.6B $1.1B – $2.2B -10.7%
Q1 2027 $1.6B $1.0B – $2.3B -13.8%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Wynn Resorts, Limited's systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Sep–Nov) 0.9908 -0.9% In line with trend 16
FQ2 (Dec–Feb) 1.0306 +3.1% +3.1% above trend 16
FQ3 (Mar–May) 1.0022 +0.2% In line with trend 15
FQ4 (Jun–Aug) 1.0064 +0.6% In line with trend 15

How Spending Drives Revenue

WYNN Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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