MGM Resorts International (MGM) Intangibles (2009 - 2026)
MGM Resorts International (MGM) reported Intangibles of $1.23 billion for Q3 2026, down 23.9% from $1.62 billion a year earlier and down 2.3% from the prior quarter.
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Analysis
MGM Resorts International (MGM) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, MGM Resorts International posted Intangibles of $1.36 billion, down 20.9% from FY2024.
- Intangibles has a five-year compound annual growth rate of -17.9% (FY2020 to FY2025).
- By year, Intangibles came in at $1.72 billion in FY2024 (-0.5%), $1.72 billion in FY2023 (+11.2%), $1.55 billion in FY2022 (-57.1%) and $3.62 billion in FY2021 (-0.8%).
- The Q3 2026 figure ranks as the lowest quarterly Intangibles since Q1 2011.
- Year over year, Intangibles has now declined in each of the last five quarters, with an average decline of 12.5% over the last eight quarters.
- The high point for year-over-year Intangibles in five years was Q4 2023 (growth of 11.2%); the low point was Q4 2022 (a decline of 57.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.26 billion (Q2 2026), $1.31 billion (Q1 2026) and $1.36 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.55 Bn | 12.37 Bn | 1.47 Bn | - |
| 2 | DraftKings | 20.54 Bn | 16.21 Bn | 551.45 Mn | 837.44 Mn |
| 3 | Flutter Entertainment | 14.19 Bn | 7.93 Bn | 1.71 Bn | 6.48 Bn |
| 4 | Life Time Group Holdings | 10.64 Bn | 9.81 Bn | 419.01 Mn | 180.41 Mn |
| 5 | Wynn Resorts | 8.52 Bn | 2.07 Bn | 758.95 Mn | 208.23 Mn |
| 6 | MGM Resorts International | 8.26 Bn | -177.27 Mn | 1.73 Bn | 1.23 Bn |
| 7 | Madison Square Garden Sports | 7.58 Bn | 7.18 Bn | 119.21 Mn | 103.64 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 688.00 Mn |
| 9 | Churchill Downs | 6.72 Bn | 5.98 Bn | 207.00 Mn | 2.51 Bn |
| 10 | Caesars Entertainment | 5.98 Bn | 2.57 Bn | 1.44 Bn | 3.94 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.23 Bn |
| Jun 30, 2026 | 1.26 Bn |
| Mar 31, 2026 | 1.31 Bn |
| Dec 31, 2025 | 1.36 Bn |
| Sep 30, 2025 | 1.62 Bn |
| Jun 30, 2025 | 1.70 Bn |
| Mar 31, 2025 | 1.70 Bn |
| Dec 31, 2024 | 1.72 Bn |
| Sep 30, 2024 | 1.78 Bn |
| Jun 30, 2024 | 1.66 Bn |
| Mar 31, 2024 | 1.69 Bn |
| Dec 31, 2023 | 1.72 Bn |
| Sep 30, 2023 | 1.73 Bn |
| Jun 30, 2023 | 1.73 Bn |
| Mar 31, 2023 | 1.76 Bn |
| Dec 31, 2022 | 1.55 Bn |
| Sep 30, 2022 | 2.81 Bn |
| Jun 30, 2022 | 3.60 Bn |
| Mar 31, 2022 | 3.56 Bn |
| Dec 31, 2021 | 3.62 Bn |
API Access
MGM Resorts International Intangibles 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=intangibles&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();