MGM Resorts International (MGM) Cost of Revenue (2009 - 2026)
MGM Resorts International (MGM) posted Cost of Revenue of $1.3 billion for Q2 2026, little changed sequentially from $1.3 billion in Q1 2026, and up 1.16% YoY from $1.3 billion in Q2 2025.
MGM Resorts International (MGM) Cost of Revenue (2009 - 2026) Analysis & Trends
MGM Resorts International has reported Cost of Revenue for 18 years, with the latest figure at $1.3 billion in Q2 2026.
- Quarterly Cost of Revenue rose 1.16% year-over-year to $1.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $5.5 billion (up 8.29% YoY) and the FY2025 annual result came in at $5.3 billion, up 7.71% from the prior year.
- Cost of Revenue steadied at $1.3 billion in Q2 2026 per MGM's latest filing, from $1.3 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.4 billion in Q4 2025 and troughed at $622.2 million in Q2 2022.
- A 5-year average of $1.1 billion and a median of $1.2 billion in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2023 and 2025: Cost of Revenue jumped 64.87% in 2023, then dropped 2.16% in 2025.
- Over 5 years, Cost of Revenue stood at $796.4 million in 2022, then jumped by 56.12% to $1.2 billion in 2023, then increased by 1.26% to $1.3 billion in 2024, then gained by 14.38% to $1.4 billion in 2025, then declined by 6.31% to $1.3 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $1.3 billion, $1.3 billion, and $1.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.78 Bn | 27.40 Bn | 1.81 Bn | 1.35 Bn |
| 2 | MGM Resorts International | 11.10 Bn | 8.55 Bn | 3.10 Bn | 1.35 Bn |
| 3 | Wynn Resorts | 10.30 Bn | 8.73 Bn | 1.14 Bn | 721.38 Mn |
| 4 | Caesars Entertainment | 6.07 Bn | 5.01 Bn | 2.04 Bn | 955.00 Mn |
| 5 | Boyd Gaming | 6.06 Bn | 5.73 Bn | 766.76 Mn | 267.63 Mn |
| 6 | Vail Resorts | 5.46 Bn | 5.09 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.91 Bn | 3.61 Bn | 1.29 Bn | 29.00 Mn |
| 8 | Hilton Grand Vacations | 3.57 Bn | 3.30 Bn | 499.00 Mn | 859.00 Mn |
| 9 | Red Rock Resorts | 3.53 Bn | 2.93 Bn | 420.02 Mn | 90.24 Mn |
| 10 | PENN Entertainment | 2.49 Bn | 1.60 Bn | 1.02 Bn | 833.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.35 Bn |
| Jun 30, 2026 | 1.35 Bn |
| Mar 31, 2026 | 1.35 Bn |
| Mar 31, 2026 | 1.35 Bn |
| Dec 31, 2025 | 1.44 Bn |
| Dec 31, 2025 | 1.44 Bn |
| Sep 30, 2025 | 1.32 Bn |
| Sep 30, 2025 | 1.32 Bn |
| Jun 30, 2025 | 1.33 Bn |
| Jun 30, 2025 | 1.33 Bn |
| Mar 31, 2025 | 1.24 Bn |
| Mar 31, 2025 | 1.24 Bn |
| Dec 31, 2024 | 1.26 Bn |
| Dec 31, 2024 | 1.26 Bn |
| Sep 30, 2024 | 1.21 Bn |
| Sep 30, 2024 | 1.21 Bn |
| Jun 30, 2024 | 1.22 Bn |
| Jun 30, 2024 | 1.22 Bn |
| Mar 31, 2024 | 1.27 Bn |
| Mar 31, 2024 | 1.27 Bn |