Wynn Resorts (BSP:W1YN34) Operating Margin %: 15.85% (As of Mar. 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:W1YN34 Wynn Resorts Ltd BSP:W1YN34
77 GF Score
Price R$260.00
GF Value R$321.22
! 4 Warning Signs
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What is Wynn Resorts Operating Margin %?

Wynn Resorts BSP:W1YN34 77 Operating Margin % is 15.85% as of Mar. 2026, which is 5% below its 10-year median of 16.65. GuruFocus rates BSP:W1YN34 with a GF Score™ of 77/100 and a GF Value™ of R$321.22. The stock has 4 warning signs investors should review. Among 840 Travel & Leisure companies, Wynn Resorts ranks better than 74.52% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wynn Resorts's Operating Income for the three months ended in Mar. 2026 was R$1,539 Mil. Wynn Resorts's Revenue for the three months ended in Mar. 2026 was R$9,710 Mil. Therefore, Wynn Resorts's Operating Margin % for the quarter that ended in Mar. 2026 was 15.85%.

The historical rank and industry rank for Wynn Resorts's Operating Margin % or its related term are showing as below:

BSP:W1YN34' s Operating Margin % Range Over the Past 10 Years
Min: -55.26   Med: 16.65   Max: 19.54
Current: 16.82


BSP:W1YN34's Operating Margin % is ranked better than
74.52% of 840 companies
in the Travel & Leisure industry
Industry Median: 8.075 vs BSP:W1YN34: 16.82

Wynn Resorts's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Wynn Resorts's Operating Income for the three months ended in Mar. 2026 was R$1,539 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R$6,623 Mil.


Wynn Resorts  (BSP:W1YN34) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Wynn Resorts Operating Margin % Related Terms


Wynn Resorts Operating Margin % Historical Data

* Premium members only.

The historical data trend for Wynn Resorts's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Wynn Resorts Operating Margin % Chart

Wynn Resorts Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.95 -3.96 16.46 19.04 16.90

Wynn Resorts Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.11 15.88 17.33 18.17 15.85

BSP:W1YN34 vs MGM, BYD, CZR: Operating Margin % Comparison

For the Resorts & Casinos subindustry, Wynn Resorts's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wynn Resorts Operating Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Wynn Resorts's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Wynn Resorts's Operating Margin % falls into.


BSP:W1YN34
77GF Score
Wynn Resorts Ltd BSP:W1YN34
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Wynn Resorts Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Wynn Resorts's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=6582.831 / 38942.372
=16.90 %

Wynn Resorts's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1539.328 / 9710.123
=15.85 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 15.85% mean?
Wynn Resorts (BSP:W1YN34) has a Operating Margin % of 15.85% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Wynn Resorts and its competitors. This is near median its historical median of 16.65. According to the industry distribution chart, Wynn Resorts ranks #214 out of 840 companies in the Travel & Leisure industry, placing it in the top 25.5%.
Is Wynn Resorts' Operating Margin % too high?
Wynn Resorts' current Operating Margin % of 15.85% is near median its 10-year median of 16.65. The Travel & Leisure industry median Operating Margin % is 8.08. Wynn Resorts' value of 15.85% is 96.3% above this industry median. Based on the distribution chart, Wynn Resorts ranks #214 out of 840 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Wynn Resorts has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Wynn Resorts' Operating Margin % compare to MGM and BYD?
According to the Travel & Leisure industry distribution chart, Wynn Resorts ranks #214 out of 840 companies for Operating Margin %. This puts Wynn Resorts in the upper half of its industry. The industry median Operating Margin % is 8.08. Wynn Resorts' value of 15.85% is 96.3% above this benchmark. While the company's 10-year median is 16.65 vs. the industry median of 8.08, Wynn Resorts has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.08, based on 840 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wynn Resorts's current Operating Margin % of 15.85% is 96.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Wynn Resorts and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wynn Resorts's current Operating Margin % is 15.85%, which is near median its own 10-year median of 16.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wynn Resorts stock overvalued right now?
Wynn Resorts (BSP:W1YN34) has a current Operating Margin % of 15.85%. The stock's GF Value™ is R$321.22, compared to a current price of R$260.00 — trading 19.1% below its estimated fair value. The current Operating Margin % is 15.85%, which is near median its 10-year median of 16.65 and 96.3% above the Travel & Leisure industry median of 8.08. Wynn Resorts' overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Wynn Resorts (BSP:W1YN34), the current Operating Margin % is 15.85% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Wynn Resorts (BSP:W1YN34) Overvalued in 2026?

Based on GuruFocus' analysis, Wynn Resorts stock appears to be undervalued. The current stock price of R$260.00 is trading 19.1% below its estimated GF Value™ of R$321.22.

Key valuation signals for BSP:W1YN34:

  • Operating Margin %: 15.85% (near median its 10-year median of 16.65)
  • GF Value™: R$321.22 vs. price of R$260.00 (19.1% below fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 96.3% above the Travel & Leisure median (#214 of 840)

No single metric tells the full story. See the BSP:W1YN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wynn Resorts Business Description

Address 3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to continue to build nongaming rooms and attractions in Macao over the next few years, including a new 432-suite tower adjacent to its Palace resort opening in 2029. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. The company received 49% and 51% of its 2025 prepandemic EBITDA from Macao and the US, respectively.
77GF Score

Get the complete analysis for BSP:W1YN34

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$260.00
Price
R$321.22
GF Value