MGM Resorts International (MGM) Cost of Revenue (2009 - 2026)
MGM Resorts International's (MGM) quarterly Cost of Revenue came in at $1.3 billion in Q2 2026, up 1.16% year-over-year from $1.3 billion in Q2 2025, and little changed quarter-over-quarter from $1.3 billion in Q1 2026.
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MGM Resorts International (MGM) Cost of Revenue (2009 - 2026) Analysis & Trends
MGM Resorts International has disclosed Cost of Revenue across 18 years of filings, most recently posting $1.3 billion for Q2 2026.
- In Q2 2026, Cost of Revenue rose 1.16% year-over-year to $1.3 billion; the TTM figure through Jun 2026 stood at $5.5 billion (up 8.29% YoY), while the FY2025 annual figure was $5.3 billion, up 7.71% from the prior year.
- Cost of Revenue came in at $1.3 billion for Q2 2026 at MGM Resorts International, roughly flat from $1.3 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.4 billion in Q4 2025 to a low of $622.2 million in Q2 2022.
- Average Cost of Revenue over 5 years is $1.1 billion, with a median of $1.2 billion recorded in 2023.
- Year-over-year, Cost of Revenue soared 64.87% in 2023 and slipped 2.16% in 2025.
- Over 5 years, Cost of Revenue stood at $796.4 million in 2022, then surged by 56.12% to $1.2 billion in 2023, then climbed by 1.26% to $1.3 billion in 2024, then increased by 14.38% to $1.4 billion in 2025, then slipped by 6.31% to $1.3 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $1.3 billion in Q2 2026, $1.3 billion in Q1 2026, and $1.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.40 Bn | 22.34 Bn | 1.81 Bn | 1.35 Bn |
| 2 | DraftKings | 18.89 Bn | 17.90 Bn | 551.45 Mn | 891.78 Mn |
| 3 | Flutter Entertainment | 14.91 Bn | 13.72 Bn | 1.71 Bn | 2.61 Bn |
| 4 | MGM Resorts International | 9.52 Bn | 7.83 Bn | 3.10 Bn | 1.35 Bn |
| 5 | Madison Square Garden Sports | 9.51 Bn | 9.35 Bn | 119.21 Mn | 159.53 Mn |
| 6 | Life Time Group Holdings | 8.86 Bn | 8.63 Bn | 412.26 Mn | 453.73 Mn |
| 7 | Wynn Resorts | 8.42 Bn | 6.11 Bn | 1.14 Bn | 721.38 Mn |
| 8 | Super Group (SGHC) | 6.08 Bn | 5.53 Bn | - | - |
| 9 | Caesars Entertainment | 6.03 Bn | 5.15 Bn | 2.04 Bn | 955.00 Mn |
| 10 | Churchill Downs | 5.61 Bn | 5.46 Bn | 712.00 Mn | 268.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.35 Bn |
| Mar 31, 2026 | 1.35 Bn |
| Dec 31, 2025 | 1.44 Bn |
| Sep 30, 2025 | 1.32 Bn |
| Jun 30, 2025 | 1.33 Bn |
| Mar 31, 2025 | 1.24 Bn |
| Dec 31, 2024 | 1.26 Bn |
| Sep 30, 2024 | 1.21 Bn |
| Jun 30, 2024 | 1.22 Bn |
| Mar 31, 2024 | 1.27 Bn |
| Dec 31, 2023 | 1.24 Bn |
| Sep 30, 2023 | 1.06 Bn |
| Jun 30, 2023 | 1.03 Bn |
| Mar 31, 2023 | 990.89 Mn |
| Dec 31, 2022 | 796.44 Mn |
| Sep 30, 2022 | 653.60 Mn |
| Jun 30, 2022 | 622.17 Mn |
| Mar 31, 2022 | 674.37 Mn |
| Dec 31, 2021 | 742.32 Mn |
| Sep 30, 2021 | 640.04 Mn |
API Access
MGM Resorts International Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MGM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();