MGM Resorts International (MGM) Change in Taxes (2012 - 2026)
MGM Resorts International's (MGM) quarterly Change in Taxes came in at $125.8 million in Q1 2026, up 154.64% year-on-year from $49.4 million in Q1 2025, and up 415.75% quarter-over-quarter from -$39.8 million in Q4 2025.
MGM Resorts International (MGM) Change in Taxes (2012 - 2026) Analysis & Trends
MGM Resorts International has disclosed Change in Taxes across 15 years of filings, most recently posting $125.8 million for Q1 2026.
- Change in Taxes for Q1 2026 came in at $125.8 million, up 154.64% year-over-year; the trailing twelve-month figure through Mar 2026 was $124.0 million (up 190.96% YoY), and the FY2025 annual result was $47.6 million, up 135.87% from the prior year.
- Change in Taxes came in at $125.8 million for Q1 2026 at MGM Resorts International, up 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.
- The 5-year median for Change in Taxes is $1.7 million (2024), against an average of $10.5 million.
- Across the five-year window, Change in Taxes plunged 28909.48% in 2023 and surged 3255.37% in 2025, its largest moves.
- MGM Resorts International's Change in Taxes stood at $161.2 million in 2022, then slumped by 85.5% to $23.4 million in 2023, then tumbled by 372.22% to -$63.6 million in 2024, then surged by 37.39% to -$39.8 million in 2025, then jumped by 415.75% to $125.8 million in 2026.
- The last three Change in Taxes figures came in at $125.8 million (Q1 2026), -$39.8 million (Q4 2025), and $58.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.89 Bn | 10.06 Bn | 1.77 Bn | - |
| 2 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 22.75 Mn |
| 3 | Boyd Gaming | 6.48 Bn | 6.47 Bn | 742.51 Mn | -37.63 Mn |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | -3.00 Mn |
| 5 | Vail Resorts | 5.17 Bn | 5.17 Bn | - | -24.71 Mn |
| 6 | Hilton Grand Vacations | 4.32 Bn | 4.21 Bn | 1.10 Bn | - |
| 7 | Red Rock Resorts | 3.54 Bn | 3.51 Bn | 491.72 Mn | 10.26 Mn |
| 8 | Marriott Vacations Worldwide | 3.38 Bn | 3.12 Bn | 1.23 Bn | - |
| 9 | PENN Entertainment | 2.84 Bn | 2.13 Bn | 971.20 Mn | 19.00 Mn |
| 10 | MGM Resorts International | - | - | 3.88 Bn | 125.81 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 |