MGM Resorts International (MGM) Cost of Revenue (2010 - 2026)
MGM Resorts International's Cost of Revenue was $2.47 billion in Q2 2026, up 1.1% from $2.45 billion a year earlier and up 0.3% from the prior quarter.
Powered by 
Analysis
MGM Resorts International (MGM) Cost of Revenue (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, MGM Resorts International's Cost of Revenue was $9.92 billion through Jun 30, 2026, up 4.7% year-over-year; for FY2025, it was $9.75 billion, up 3.8% from FY2024.
- Cost of Revenue has now increased for five consecutive years, with a five-year compound annual growth rate of 23.1% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $9.39 billion in FY2024 (+9.8%), $8.55 billion in FY2023 (+28.6%), $6.65 billion in FY2022 (+32.3%) and $5.03 billion in FY2021 (+45.7%).
- Quarterly Cost of Revenue has moved between $1.39 billion (Q3 2021) and $2.58 billion (Q4 2025) over five years.
- Compared with a year earlier, Cost of Revenue has increased for five straight quarters, with growth averaging 4.2% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q3 2021 (growth of 90.8%); the worst was Q1 2025 (a decline of 1.7%).
- Per Business Quant data, MGM's Cost of Revenue in the three quarters before Q2 2026 was $2.46 billion (Q1 2026), $2.58 billion (Q4 2025) and $2.4 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.05 Bn | 11.15 Bn | 1.48 Bn | 1.67 Bn |
| 2 | Flutter Entertainment | 13.32 Bn | 6.69 Bn | 1.71 Bn | 2.61 Bn |
| 3 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 159.53 Mn |
| 4 | DraftKings | 9.57 Bn | 5.23 Bn | 551.45 Mn | 891.78 Mn |
| 5 | Life Time Group Holdings | 9.03 Bn | 8.26 Bn | 412.26 Mn | 453.73 Mn |
| 6 | Wynn Resorts | 7.89 Bn | 2.18 Bn | 758.95 Mn | 1.10 Bn |
| 7 | MGM Resorts International | 7.50 Bn | -1.53 Bn | 1.98 Bn | 2.47 Bn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 210.00 Mn |
| 9 | Caesars Entertainment | 5.97 Bn | 2.41 Bn | 1.50 Bn | 1.49 Bn |
| 10 | Churchill Downs | 5.75 Bn | 4.98 Bn | 419.00 Mn | 561.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.47 Bn |
| Mar 31, 2026 | 2.46 Bn |
| Dec 31, 2025 | 2.58 Bn |
| Sep 30, 2025 | 2.40 Bn |
| Jun 30, 2025 | 2.45 Bn |
| Mar 31, 2025 | 2.32 Bn |
| Dec 31, 2024 | 2.39 Bn |
| Sep 30, 2024 | 2.32 Bn |
| Jun 30, 2024 | 2.32 Bn |
| Mar 31, 2024 | 2.36 Bn |
| Dec 31, 2023 | 2.38 Bn |
| Sep 30, 2023 | 2.10 Bn |
| Jun 30, 2023 | 2.08 Bn |
| Mar 31, 2023 | 2.00 Bn |
| Dec 31, 2022 | 1.85 Bn |
| Sep 30, 2022 | 1.72 Bn |
| Jun 30, 2022 | 1.61 Bn |
| Mar 31, 2022 | 1.47 Bn |
| Dec 31, 2021 | 1.56 Bn |
| Sep 30, 2021 | 1.39 Bn |
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();