MGM Resorts International (MGM)

MGM Financials

MGM Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	17.715B	4.455B	4.605B	4.250B	4.405B	4.277B	4.347B	4.183B	4.327B
Cost of Goods Sold	9.892B	2.465B	2.577B	2.405B	2.445B	2.320B	2.394B	2.315B	2.323B
Gross Profit	7.823B	1.990B	2.028B	1.846B	1.959B	1.957B	1.952B	1.868B	2.004B
Gross Profit Margin	44.7%	44.7%	44.0%	43.4%	44.5%	45.8%	44.9%	44.7%	46.3%
Total Operating Expenses	6.905B	1.689B	1.703B	1.958B	1.555B	1.572B	1.661B	1.553B	1.579B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	5.133B	1.420B	1.259B	1.240B	1.214B	1.165B	1.243B	1.177B	1.211B
Operating Income (EBIT)	917.965M	301.242M	325.010M	-112.852M	404.565M	385.057M	291.565M	314.857M	425.656M
Operating Margin	6.8%	6.8%	7.1%	-2.7%	9.2%	9.0%	6.7%	7.5%	9.8%
Income Before Tax (EBT)	323.418M	202.249M	207.000M	-219.587M	133.756M	266.784M	205.684M	296.734M	271.248M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	412.462M	100.689M	103.902M	102.287M	105.584M	107.269M	108.581M	111.873M	112.739M
Other Income/Expense	-594.537M	-98.993M	-118.000M	-106.735M	-270.809M	-118.273M	-85.881M	-18.123M	-154.408M
Net Income	182.832M	125.136M	294.000M	-285.255M	48.951M	148.554M	157.432M	184.578M	187.072M
Income Tax Expense	-56.739M	27.457M	-87.000M	-12.858M	15.662M	40.053M	-32.232M	52.570M	-11.554M
Net Profit Margin	2.8%	2.8%	6.4%	-6.7%	1.1%	3.5%	3.6%	4.4%	4.3%
EBITDA	1.674B	566.663M	482.386M	143.417M	481.315M	610.497M	523.494M	641.937M	668.293M
EBITDA Margin	12.7%	12.7%	10.5%	3.4%	10.9%	14.3%	12.0%	15.3%	15.4%
Depreciation & Amortization	1.045B	263.725M	278.658M	260.717M	241.975M	236.444M	209.229M	233.330M	191.976M
EPS Basic	0.73	0.49	1.11	-1.05	0.18	0.52	0.52	0.61	0.60
EPS Diluted	0.72	0.48	1.11	-1.05	0.18	0.51	0.52	0.61	0.60
Shares Outstanding	256.348M	256.348M	264.865M	272.517M	273.329M	287.125M	297.642M	300.499M	311.179M
Diluted Shares Outstanding	258.877M	258.877M	264.865M	272.517M	275.615M	289.096M	299.447M	303.479M	314.420M

MGM Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	17.538B	17.241B	16.164B	13.127B	9.680B	4.917B	12.900B	11.763B
Cost of Goods Sold	9.748B	9.394B	8.554B	6.653B	5.031B	3.208B	7.603B	6.919B
Gross Profit	7.790B	7.847B	7.611B	6.475B	4.650B	1.709B	5.296B	4.844B
Gross Profit Margin	44.4%	45.5%	47.1%	49.3%	48.0%	34.8%	41.1%	41.2%
Total Operating Expenses	6.788B	6.357B	5.719B	5.035B	2.371B	2.352B	1.356B	3.513B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	4.878B	4.825B	4.701B	4.227B	2.507B	2.122B	2.101B	1.765B
Operating Income (EBIT)	1.002B	1.490B	1.891B	1.439B	2.279B	-642.434M	3.940B	1.469B
Operating Margin	5.7%	8.6%	11.7%	11.0%	23.5%	-13.1%	30.5%	12.5%
Income Before Tax (EBT)	387.953M	1.117B	1.473B	903.799M	1.462B	-1.511B	2.847B	634.006M
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	419.042M	443.230M	460.293M	594.954M	799.593M	676.380M	847.932M	769.513M
Other Income/Expense	-613.817M	-373.391M	-418.734M	-535.573M	-816.895M	-869.045M	-1.093B	-835.480M
Net Income	206.250M	746.558M	1.142B	1.473B	1.254B	-1.033B	2.049B	466.772M
Income Tax Expense	-44.143M	52.457M	157.839M	697.068M	253.415M	-191.572M	632.345M	50.112M
Net Profit Margin	1.2%	4.3%	7.1%	11.2%	13.0%	-21.0%	15.9%	4.0%
EBITDA	1.718B	2.391B	2.397B	4.981B	3.412B	-779.793M	4.999B	2.509B
EBITDA Margin	9.8%	13.9%	14.8%	37.9%	35.2%	-15.9%	38.8%	21.3%
Depreciation & Amortization	1.018B	831.097M	814.128M	3.482B	1.151B	1.211B	1.305B	1.178B
EPS Basic	0.77	2.42	3.22	0.51	2.44	-2.67	3.90	0.86
EPS Diluted	0.76	2.40	3.19	0.50	2.41	-2.67	3.88	0.85
Shares Outstanding	264.865M	307.408M	354.926M	409.201M	481.930M	494.152M	524.173M	544.253M
Diluted Shares Outstanding	264.865M	310.232M	358.627M	412.993M	487.356M	494.152M	527.645M	549.536M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About MGM Resorts International

MGM Resorts International, through its various divisions, manages and possesses casino, lodging, and entertainment complexes across the United States and Macau. The company's operations are segmented into three main areas: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resort properties offer a comprehensive suite of amenities including gaming facilities, accommodation, convention spaces, dining options, entertainment venues, retail outlets, and more. Beyond traditional slots and table games, its casino activities also encompass online sports wagering and iGaming through its BetMGM platform. As of February 17, 2021, its extensive portfolio comprised 29 distinct hotel and gaming destinations. Notable assets include its properties on the Las Vegas Strip and the Fallen Oak golf course. The company caters to a diverse clientele, including high-stakes gamblers, vacationers, wholesale travel groups, business travelers, and organizational clients such as conventions, trade groups, and small conferences. Originally known as MGM MIRAGE, the firm rebranded to MGM Resorts International in June 2010. Established in 1986, MGM Resorts International is headquartered in Las Vegas, Nevada.

Las Vegas, NV

78,000 employees

www.mgmresorts.com

Consumer Cyclical / Gambling, Resorts & Casinos

Sector: Consumer Cyclical
Industry: Gambling, Resorts & Casinos
CEO: William Joseph Hornbuckle

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