MGM Resorts International (MGM) Net Margin (2009 - 2026)

MGM Resorts International's (MGM) quarterly Net Margin came in at 3.92% in Q1 2026, down 138.0% year-on-year from 10.33% in Q1 2025, and down 52.79% quarter-over-quarter from 8.31% in Q4 2025.

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 3.92% for Q1 2026.

  • Net Margin for Q1 2026 came in at 3.92%, down 138.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.65% (down 314.0% YoY), and the FY2025 annual result was 2.97%, down 321.0% from the prior year.
  • Net Margin came in at 3.92% for Q1 2026 at MGM Resorts International, down from 8.31% 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.
  • The 5-year median for Net Margin is 5.47% (2024), against an average of 4.77%.
  • Peak annual rise in Net Margin reached 4572 bps in 2022, while the deepest fall reached 8048 bps in 2022.
  • MGM Resorts International's Net Margin stood at 8.91% in 2022, then soared by 197 bps to 8.68% in 2023, then slumped by 37 bps to 5.47% in 2024, then soared by 52 bps to 8.31% in 2025, then plunged by 53 bps to 3.92% in 2026.
  • The last three Net Margin figures came in at 3.92% (Q1 2026), 8.31% (Q4 2025), and 4.86% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Wynn Resorts 10.89 Bn 10.06 Bn 1.77 Bn 8.11%
2 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn - 129.40%
3 Boyd Gaming 6.48 Bn 6.47 Bn 742.51 Mn 10.46%
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn -2.89%
5 Vail Resorts 5.17 Bn 5.17 Bn - 28.23%
6 Hilton Grand Vacations 4.32 Bn 4.21 Bn 1.10 Bn 5.29%
7 Red Rock Resorts 3.54 Bn 3.51 Bn 491.72 Mn 16.31%
8 Marriott Vacations Worldwide 3.38 Bn 3.12 Bn 1.23 Bn 1.75%
9 PENN Entertainment 2.84 Bn 2.13 Bn 971.20 Mn -0.16%
10 MGM Resorts International - - 3.88 Bn 3.92%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 3.98%