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
Download Data
Historic 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% |