MGM Resorts International (MGM) Cost of Revenue (2009 - 2026)
MGM Resorts International (MGM) reported Cost of Revenue of $132.6 million for Q1 2026, down 76.33% on a YoY basis from $560.3 million in Q1 2025, and up 4670.68% sequentially from -$2.9 million in Q4 2025.
MGM Resorts International (MGM) Cost of Revenue (2009 - 2026) Analysis & Trends
MGM Resorts International (MGM) has 18 years of Cost of Revenue data on file, last reported at $132.6 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 76.33% year-over-year to $132.6 million; the trailing twelve-month figure through Mar 2026 stood at $526.4 million (down 71.01% YoY), and the FY2025 full-year result was $116.3 million, up 20.46% from the prior year.
- Cost of Revenue advanced to $132.6 million in Q1 2026, from -$2.9 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.3 billion in Q1 2024 to a low of -$1.0 billion in Q4 2022.
- A 5-year average of $187.7 million and a median of $232.4 million in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue slumped 474.57% in 2022 and surged 1916.75% in 2023, its largest moves.
- Tracing MGM's Cost of Revenue over 5 years: stood at -$1.0 billion in 2022, then jumped by 33.07% to -$677.9 million in 2023, then surged by 103.96% to $26.8 million in 2024, then sank by 110.82% to -$2.9 million in 2025, then soared by 4670.68% to $132.6 million in 2026.
- Business Quant data shows MGM's Cost of Revenue at $132.6 million in Q1 2026, -$2.9 million in Q4 2025, and $266.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 92.00 Mn |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 132.64 Mn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 109.91 Mn |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 13.21 Mn |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | - |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 95.00 Mn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | - |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 59.00 Mn |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 74.19 Mn |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | 21.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 132.64 Mn |
| Mar 31, 2026 | 132.64 Mn |
| Dec 31, 2025 | -2.90 Mn |
| Dec 31, 2025 | -2.90 Mn |
| Sep 30, 2025 | 266.77 Mn |
| Sep 30, 2025 | 266.77 Mn |
| Jun 30, 2025 | 129.93 Mn |
| Jun 30, 2025 | 129.93 Mn |
| Mar 31, 2025 | 560.30 Mn |
| Mar 31, 2025 | 560.30 Mn |
| Dec 31, 2024 | 26.81 Mn |
| Dec 31, 2024 | 26.81 Mn |
| Sep 30, 2024 | 1.21 Bn |
| Sep 30, 2024 | 1.21 Bn |
| Jun 30, 2024 | 23.62 Mn |
| Jun 30, 2024 | 23.62 Mn |
| Mar 31, 2024 | 1.27 Bn |
| Mar 31, 2024 | 1.27 Bn |
| Dec 31, 2023 | -677.95 Mn |
| Dec 31, 2023 | -677.95 Mn |