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

MGM Resorts International (MGM) has disclosed Operating Expenses for 17 consecutive years, with $4.3 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 7.37% to $4.3 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $16.6 billion through Dec 2025, up 6.04% year-over-year, with the annual reading at $16.6 billion for FY2025, 6.04% up from the prior year.
  • Operating Expenses hit $4.3 billion in Q4 2025 for MGM Resorts International, down from $4.4 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $4.4 billion in Q3 2022 to a low of $827.9 million in Q2 2022.
  • Historically, Operating Expenses has averaged $3.3 billion across 5 years, with a median of $3.7 billion in 2023.
  • Biggest YoY gain for Operating Expenses was 422.97% in 2022; the steepest drop was 60.34% in 2022.
  • Year by year, Operating Expenses stood at $2.7 billion in 2021, then skyrocketed by 32.6% to $3.6 billion in 2022, then grew by 11.51% to $4.0 billion in 2023, then increased by 1.33% to $4.0 billion in 2024, then increased by 7.37% to $4.3 billion in 2025.
  • Business Quant data shows Operating Expenses for MGM at $4.3 billion in Q4 2025, $4.4 billion in Q3 2025, and $4.0 billion in Q2 2025.