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
DateValue
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