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MGM Resorts International (MGM) Cost of Revenue (2016 - 2025)

MGM Resorts International's Cost of Revenue history spans 17 years, with the latest figure at -$703.4 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 124.93% year-over-year to -$703.4 million; the TTM value through Dec 2025 reached $116.3 million, down 89.07%, while the annual FY2025 figure was $116.3 million, 89.07% down from the prior year.
  • Cost of Revenue for Q4 2025 was -$703.4 million at MGM Resorts International, down from $419.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $2.3 billion in Q4 2021 and bottomed at -$728.3 million in Q4 2022.
  • The 5-year median for Cost of Revenue is $164.1 million (2022), against an average of $288.1 million.
  • The largest annual shift saw Cost of Revenue soared 2370.61% in 2021 before it crashed 132.22% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $2.3 billion in 2021, then plummeted by 132.22% to -$728.3 million in 2022, then skyrocketed by 270.74% to $1.2 billion in 2023, then plummeted by 125.15% to -$312.7 million in 2024, then tumbled by 124.93% to -$703.4 million in 2025.
  • Per Business Quant, the three most recent readings for MGM's Cost of Revenue are -$703.4 million (Q4 2025), $419.9 million (Q3 2025), and $272.1 million (Q2 2025).