MGM Resorts International (MGM) Net Margin (2009 - 2026)
MGM Resorts International's (MGM) quarterly Net Margin came in at 7.25% in Q2 2026, up 457.0% year-over-year from 1.3% in Q2 2025, and up 84.82% quarter-over-quarter from 3.92% in Q1 2026.
Analysis
MGM Resorts International (MGM) Net Margin (2009 - 2026) Analysis & Trends
MGM Resorts International has disclosed Net Margin across 18 years of filings, most recently posting 7.25% for Q2 2026.
- In Q2 2026, Net Margin rose 457.0% year-over-year to 7.25%; the TTM figure through Jun 2026 stood at 3.79% (down 101.0% YoY), while the FY2025 annual figure was 2.97%, down 321.0% from the prior year.
- Net Margin came in at 7.25% for Q2 2026 at MGM Resorts International, up from 3.92% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 49.7% in Q2 2022 to a low of 31.06% in Q3 2022.
- Average Net Margin over 5 years is 4.91%, with a median of 5.66% recorded in 2024.
- The largest YoY upside for Net Margin was 4572 bps in 2022 against a maximum downside of 8048 bps in 2022.
- Over 5 years, Net Margin stood at 8.91% in 2022, then soared by 197 bps to 8.68% in 2023, then plunged by 37 bps to 5.47% in 2024, then soared by 52 bps to 8.31% in 2025, then slipped by 13 bps to 7.25% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 7.25% in Q2 2026, 3.92% in Q1 2026, and 8.31% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.60 Bn | 24.22 Bn | 1.81 Bn | 11.83% |
| 2 | MGM Resorts International | 10.33 Bn | 7.78 Bn | 3.10 Bn | 7.25% |
| 3 | Wynn Resorts | 9.08 Bn | 7.51 Bn | 1.14 Bn | 9.83% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | -1.37% |
| 5 | Churchill Downs | 5.84 Bn | 5.64 Bn | 712.00 Mn | 24.69% |
| 6 | Boyd Gaming | 5.62 Bn | 5.29 Bn | 766.76 Mn | 12.56% |
| 7 | Red Rock Resorts | 3.15 Bn | 2.55 Bn | 420.02 Mn | 15.01% |
| 8 | PENN Entertainment | 2.26 Bn | 1.37 Bn | 1.02 Bn | 1.76% |
| 9 | Monarch Casino & Resort | 2.16 Bn | 2.02 Bn | 38.62 Mn | 22.81% |
| 10 | Melco Resorts & Entertainment | 1.97 Bn | 1.39 Bn | 1.05 Bn | 3.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.25% |
| Mar 31, 2026 | 3.92% |
| Dec 31, 2025 | 8.31% |
| Sep 30, 2025 | -4.86% |
| Jun 30, 2025 | 2.68% |
| Mar 31, 2025 | 5.30% |
| Dec 31, 2024 | 5.47% |
| Sep 30, 2024 | 5.84% |
| Jun 30, 2024 | 6.54% |
| Mar 31, 2024 | 6.84% |
| Dec 31, 2023 | 8.68% |
| Sep 30, 2023 | 5.33% |
| Jun 30, 2023 | 6.18% |
| Mar 31, 2023 | 12.39% |
| Dec 31, 2022 | -8.91% |
| Sep 30, 2022 | -31.06% |
| Jun 30, 2022 | 49.70% |
| Mar 31, 2022 | -1.22% |
| Dec 31, 2021 | 3.80% |
| Sep 30, 2021 | 49.42% |