MGM Resorts International (MGM) Leases (2019 - 2026)
MGM Resorts International (MGM) reported Leases of $22.9 billion for Q1 2026, down 2.26% on a YoY basis from $23.4 billion in Q1 2025, and down 0.55% sequentially from $23.0 billion in Q4 2025.
MGM Resorts International (MGM) Leases (2019 - 2026) Analysis & Trends
MGM Resorts International (MGM) has 8 years of Leases data on file, last reported at $22.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Leases fell 2.26% year-over-year to $22.9 billion; the trailing twelve-month figure through Mar 2026 stood at $22.9 billion (down 2.26% YoY), and the FY2025 full-year result was $23.0 billion, down 2.25% from the prior year.
- Leases fell to $22.9 billion in Q1 2026, from $23.0 billion in the prior quarter.
- In the past five years, Leases ranged from a high of $24.8 billion in Q2 2022 to a low of $11.4 billion in Q1 2022.
- A 5-year average of $23.1 billion and a median of $23.8 billion in 2024 frame the typical range for Leases.
- Across the five-year window, Leases surged 201.79% in 2022 and fell 2.26% in 2026, its largest moves.
- Tracing MGM's Leases over 5 years: stood at $24.5 billion in 2022, then fell by 2.05% to $24.0 billion in 2023, then slipped by 2.06% to $23.5 billion in 2024, then dropped by 2.25% to $23.0 billion in 2025, then fell by 0.55% to $22.9 billion in 2026.
- Business Quant data shows MGM's Leases at $22.9 billion in Q1 2026, $23.0 billion in Q4 2025, and $23.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 31.24 Bn | 27.86 Bn | 1.81 Bn | - |
| 2 | MGM Resorts International | 11.88 Bn | 9.59 Bn | 4.32 Bn | 22.88 Bn |
| 3 | Wynn Resorts | 10.30 Bn | 10.20 Bn | 1.75 Bn | 1.77 Bn |
| 4 | Boyd Gaming | 6.87 Bn | 6.49 Bn | 984.15 Mn | 628.91 Mn |
| 5 | Melco Resorts & Entertainment | 6.72 Bn | 6.09 Bn | - | 75.79 Mn |
| 6 | Caesars Entertainment | 6.12 Bn | 5.16 Bn | 2.78 Bn | - |
| 7 | Vail Resorts | 5.28 Bn | 5.26 Bn | - | 231.50 Mn |
| 8 | Hilton Grand Vacations | 4.15 Bn | 3.89 Bn | 1.23 Bn | 69.00 Mn |
| 9 | Red Rock Resorts | 3.79 Bn | 3.18 Bn | 433.13 Mn | 50.63 Mn |
| 10 | Marriott Vacations Worldwide | 3.41 Bn | 3.14 Bn | 1.14 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.88 Bn |
| Dec 31, 2025 | 23.00 Bn |
| Sep 30, 2025 | 23.13 Bn |
| Jun 30, 2025 | 23.25 Bn |
| Mar 31, 2025 | 23.41 Bn |
| Dec 31, 2024 | 23.53 Bn |
| Sep 30, 2024 | 23.66 Bn |
| Jun 30, 2024 | 23.79 Bn |
| Mar 31, 2024 | 23.90 Bn |
| Dec 31, 2023 | 24.03 Bn |
| Sep 30, 2023 | 24.15 Bn |
| Jun 30, 2023 | 24.28 Bn |
| Mar 31, 2023 | 24.40 Bn |
| Dec 31, 2022 | 24.53 Bn |
| Sep 30, 2022 | 24.66 Bn |
| Jun 30, 2022 | 24.77 Bn |
| Mar 31, 2022 | 11.44 Bn |
| Dec 31, 2021 | 11.49 Bn |
| Sep 30, 2021 | 11.55 Bn |
| Jun 30, 2021 | 8.21 Bn |