MGM Resorts International (MGM) Change in Taxes (2012 - 2026)
MGM Resorts International (MGM) reported Change in Taxes of $125.8 million for Q1 2026, up 154.64% on a YoY basis from $49.4 million in Q1 2025, and up 415.75% sequentially from -$39.8 million in Q4 2025.
MGM Resorts International (MGM) Change in Taxes (2012 - 2026) Analysis & Trends
MGM Resorts International (MGM) has 15 years of Change in Taxes data on file, last reported at $125.8 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Taxes rose 154.64% year-over-year to $125.8 million; the trailing twelve-month figure through Mar 2026 stood at $124.0 million (up 190.96% YoY), and the FY2025 full-year result was $47.6 million, up 135.87% from the prior year.
- Change in Taxes advanced to $125.8 million in Q1 2026, from -$39.8 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of $161.2 million in Q4 2022 to a low of -$183.0 million in Q2 2023.
- A 5-year average of $10.5 million and a median of $1.7 million in 2024 frame the typical range for Change in Taxes.
- Across the five-year window, Change in Taxes slumped 28909.48% in 2023 and surged 3255.37% in 2025, its largest moves.
- Tracing MGM's Change in Taxes over 5 years: stood at $161.2 million in 2022, then tumbled by 85.5% to $23.4 million in 2023, then plunged by 372.22% to -$63.6 million in 2024, then jumped by 37.39% to -$39.8 million in 2025, then soared by 415.75% to $125.8 million in 2026.
- Business Quant data shows MGM's Change in Taxes at $125.8 million in Q1 2026, -$39.8 million in Q4 2025, and $58.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | - |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 125.81 Mn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | - |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | - |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | - |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | -3.00 Mn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | -24.71 Mn |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | - |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 10.26 Mn |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 125.81 Mn |
| Mar 31, 2026 | 125.81 Mn |
| Dec 31, 2025 | -39.85 Mn |
| Dec 31, 2025 | -39.85 Mn |
| Sep 30, 2025 | 58.42 Mn |
| Sep 30, 2025 | 58.42 Mn |
| Jun 30, 2025 | -20.33 Mn |
| Jun 30, 2025 | -20.33 Mn |
| Mar 31, 2025 | 49.41 Mn |
| Mar 31, 2025 | 49.41 Mn |
| Dec 31, 2024 | -63.64 Mn |
| Dec 31, 2024 | -63.64 Mn |
| Sep 30, 2024 | 1.74 Mn |
| Sep 30, 2024 | 1.74 Mn |
| Jun 30, 2024 | -123.89 Mn |
| Jun 30, 2024 | -123.89 Mn |
| Mar 31, 2024 | 52.95 Mn |
| Mar 31, 2024 | 52.95 Mn |
| Dec 31, 2023 | 23.38 Mn |
| Dec 31, 2023 | 23.38 Mn |