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
DateValue
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