WYNN · 10-Q · 2026Q2 · Full report

Derivative Fair Value Gains

WYNN RESORTS LTD · 2026-08-06 · Importance 61 · Surprise 82 · Matches filing data

The company recorded a $90.1 million derivative fair-value gain in the first six months of 2026, compared with a $30.7 million loss in the first six months of 2025. The 2026 gain included $57.6 million from foreign currency swaps and $30.6 million from the conversion feature on WML Convertible Bonds. In the second quarter, the company recorded a $43.3 million gain, including $35.9 million from foreign currency swaps and $7.0 million from the WML Convertible Bonds conversion feature. The derivative gain materially contributed to the 111.5% second-quarter increase in net income attributable to Wynn Resorts, Limited.

Key facts

• We recorded a gain from change in derivatives fair value of $90.1 million for the six months ended June 30, 2026, which primarily includes a gain of $57.6 million related to foreign currency swaps and a gain of $30.6 million related to the conversion feature on the WML Convertible Bonds. source
• We recorded a gain in change in derivatives fair value of $43.3 million for the three months ended June 30, 2026, which includes a gain of $35.9 million related to foreign currency swaps and a gain of $7.0 million related to the conversion feature on the WML Convertible Bonds. source

Impact estimates