MGM Resorts International (MGM) Net Margin (2009 - 2026)
MGM Resorts International's Net Margin came in at -0.41% for Q3 2026, up 6.30 percentage points from -6.71% a year earlier but down 6.98 percentage points from the prior quarter.
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Analysis
MGM Resorts International (MGM) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, MGM Resorts International reported Net Margin of 3.92%, up 3.51 percentage points year-over-year; for FY2025, it came in at 1.17%, down 3.16 percentage points from FY2024.
- Net Margin has declined in each of the last four years, though with a five-year change of +20.49 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 4.33% in FY2024 (-2.74 pp), 7.07% in FY2023 (-4.16 pp), 11.22% in FY2022 (-1.74 pp) and 12.96% in FY2021 (+32.28 pp).
- The five-year range for quarterly Net Margin is -16.89% (Q3 2022) to 54.64% (Q2 2022).
- Year-over-year, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -0.69 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q2 2022 (a gain of 50.02 percentage points), and the weakest in Q3 2022 (a drop of 66.76 percentage points).
- Business Quant data shows MGM's Net Margin at 6.57% (Q2 2026), 2.81% (Q1 2026) and 6.38% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 9.45% |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | -22.25% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 11.92% |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | -4.68% |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 1.03% |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | -0.41% |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 10.15% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 16.14% |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 11.49% |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | -4.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -0.41% |
| Jun 30, 2026 | 6.57% |
| Mar 31, 2026 | 2.81% |
| Dec 31, 2025 | 6.38% |
| Sep 30, 2025 | -6.71% |
| Jun 30, 2025 | 1.11% |
| Mar 31, 2025 | 3.47% |
| Dec 31, 2024 | 3.62% |
| Sep 30, 2024 | 4.41% |
| Jun 30, 2024 | 4.32% |
| Mar 31, 2024 | 4.96% |
| Dec 31, 2023 | 7.16% |
| Sep 30, 2023 | 4.06% |
| Jun 30, 2023 | 5.09% |
| Mar 31, 2023 | 12.05% |
| Dec 31, 2022 | 7.91% |
| Sep 30, 2022 | -16.89% |
| Jun 30, 2022 | 54.64% |
| Mar 31, 2022 | -0.63% |
| Dec 31, 2021 | 4.29% |
API Access
MGM Resorts International Net Margin 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=net-margin&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();