MGM Resorts International (MGM) Gross Margin (2009 - 2026)
MGM Resorts International (MGM) posted Gross Margin of 69.69% for Q2 2026, little changed sequentially from 69.71% in Q1 2026, and down 3.0% YoY from 71.84% in Q2 2025.
MGM Resorts International (MGM) Gross Margin (2009 - 2026) Analysis & Trends
MGM Resorts International has reported Gross Margin for 18 years, with the latest figure at 69.69% in Q2 2026.
- Quarterly Gross Margin fell 3.0% year-over-year to 69.69% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 69.25% (down 145.0% YoY) and the FY2025 annual result came in at 69.55%, down 169.0% from the prior year.
- Gross Margin was little changed at 69.69% in Q2 2026 per MGM's latest filing, from 69.71% in the prior quarter.
- Over five years, Gross Margin peaked at 80.94% in Q2 2022 and troughed at 68.73% in Q4 2025.
- A 5-year average of 72.89% and a median of 71.38% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin surged 987 bps in 2022, then sank 746 bps in 2023.
- Over 5 years, Gross Margin stood at 77.83% in 2022, then decreased by 8 bps to 71.58% in 2023, then decreased by 1 bps to 71.03% in 2024, then slipped by 3 bps to 68.73% in 2025, then increased by 1 bps to 69.69% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 69.69%, 69.71%, and 68.73% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 57.23% |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 69.69% |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 61.15% |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 74.13% |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 68.09% |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 97.80% |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | 36.75% |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 82.32% |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 55.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 69.69% |
| Mar 31, 2026 | 69.71% |
| Dec 31, 2025 | 68.73% |
| Sep 30, 2025 | 68.90% |
| Jun 30, 2025 | 69.72% |
| Mar 31, 2025 | 70.91% |
| Dec 31, 2024 | 71.03% |
| Sep 30, 2024 | 71.19% |
| Jun 30, 2024 | 71.77% |
| Mar 31, 2024 | 70.99% |
| Dec 31, 2023 | 71.58% |
| Sep 30, 2023 | 73.41% |
| Jun 30, 2023 | 73.98% |
| Mar 31, 2023 | 74.42% |
| Dec 31, 2022 | 77.83% |
| Sep 30, 2022 | 80.87% |
| Jun 30, 2022 | 80.94% |
| Mar 31, 2022 | 76.37% |
| Dec 31, 2021 | 75.72% |
| Sep 30, 2021 | 76.36% |