MGM Resorts International MGM
NYSE MGM
$40.72 +0.06 (+0.15%)
As of: Sep 10, 2026 · 12:01 PM EDT

MGM Resorts International (MGM) Gross Margin (2009 - 2026)

MGM Resorts International's (MGM) quarterly Gross Margin came in at 69.69% in Q2 2026, down 3.0% year-over-year from 71.84% in Q2 2025, and little changed quarter-over-quarter from 69.71% in Q1 2026.

Analysis

MGM Resorts International (MGM) Gross Margin (2009 - 2026) Analysis & Trends

MGM Resorts International has disclosed Gross Margin across 18 years of filings, most recently posting 69.69% for Q2 2026.

  • In Q2 2026, Gross Margin fell 3.0% year-over-year to 69.69%; the TTM figure through Jun 2026 stood at 69.25% (down 145.0% YoY), while the FY2025 annual figure was 69.55%, down 169.0% from the prior year.
  • Gross Margin came in at 69.69% for Q2 2026 at MGM Resorts International, roughly flat from 69.71% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 80.94% in Q2 2022 to a low of 68.73% in Q4 2025.
  • Average Gross Margin over 5 years is 72.89%, with a median of 71.38% recorded in 2023.
  • Year-over-year, Gross Margin jumped 987 bps in 2022 and plunged 746 bps in 2023.
  • Over 5 years, Gross Margin stood at 77.83% in 2022, then fell by 8 bps to 71.58% in 2023, then fell by 1 bps to 71.03% in 2024, then retreated by 3 bps to 68.73% in 2025, then climbed by 1 bps to 69.69% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 69.69% in Q2 2026, 69.71% in Q1 2026, and 68.73% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Las Vegas Sands 27.95 Bn 24.57 Bn 1.81 Bn 57.23%
2 MGM Resorts International 10.35 Bn 7.80 Bn 3.10 Bn 69.69%
3 Wynn Resorts 9.11 Bn 7.54 Bn 1.14 Bn 61.15%
4 Caesars Entertainment 6.05 Bn 4.99 Bn 2.04 Bn 68.09%
5 Churchill Downs 5.77 Bn 5.57 Bn 712.00 Mn 72.65%
6 Boyd Gaming 5.62 Bn 5.30 Bn 766.76 Mn 74.13%
7 Red Rock Resorts 3.15 Bn 2.55 Bn 420.02 Mn 82.32%
8 PENN Entertainment 2.26 Bn 1.37 Bn 1.02 Bn 55.14%
9 Monarch Casino & Resort 2.14 Bn 2.00 Bn 38.62 Mn 27.09%
10 Melco Resorts & Entertainment 1.99 Bn 1.41 Bn 1.05 Bn 97.34%
Historic Data

Historic Data

Download Data
DateValue
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%