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MGM Resorts International (MGM) Operating Expenses (2016 - 2025)

MGM Resorts International's Operating Expenses history spans 17 years, with the latest figure at $4.3 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 7.37% year-over-year to $4.3 billion; the TTM value through Dec 2025 reached $16.6 billion, up 6.04%, while the annual FY2025 figure was $16.6 billion, 6.04% up from the prior year.
  • Operating Expenses for Q4 2025 was $4.3 billion at MGM Resorts International, down from $4.4 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $4.4 billion in Q3 2022 and bottomed at $827.9 million in Q2 2022.
  • The 5-year median for Operating Expenses is $3.7 billion (2023), against an average of $3.3 billion.
  • The largest YoY upside for Operating Expenses was 422.97% in 2022 against a maximum downside of 60.34% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $2.7 billion in 2021, then soared by 32.6% to $3.6 billion in 2022, then rose by 11.51% to $4.0 billion in 2023, then grew by 1.33% to $4.0 billion in 2024, then grew by 7.37% to $4.3 billion in 2025.
  • Per Business Quant, the three most recent readings for MGM's Operating Expenses are $4.3 billion (Q4 2025), $4.4 billion (Q3 2025), and $4.0 billion (Q2 2025).