MGM Resorts International (MGM) Operating Income (2009 - 2026)
MGM Resorts International (MGM) reported Operating Income of $301.2 million for Q1 2026, down 21.77% on a YoY basis from $385.1 million in Q1 2025, and down 7.31% sequentially from $325.0 million in Q4 2025.
MGM Resorts International (MGM) Operating Income (2009 - 2026) Analysis & Trends
MGM Resorts International (MGM) has 18 years of Operating Income data on file, last reported at $301.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income fell 21.77% year-over-year to $301.2 million; the trailing twelve-month figure through Mar 2026 stood at $918.0 million (down 35.22% YoY), and the FY2025 full-year result was $1.0 billion, down 32.79% from the prior year.
- Operating Income eased to $301.2 million in Q1 2026, from $325.0 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $2.4 billion in Q2 2022 to a low of -$1.0 billion in Q3 2022.
- A 5-year average of $360.3 million and a median of $369.9 million in 2023 frame the typical range for Operating Income.
- Across the five-year window, Operating Income sank 155.26% in 2022 and jumped 22217.3% in 2023, its largest moves.
- Tracing MGM's Operating Income over 5 years: stood at -$1.9 million in 2022, then jumped by 22217.3% to $419.3 million in 2023, then sank by 30.47% to $291.6 million in 2024, then increased by 11.47% to $325.0 million in 2025, then slipped by 7.31% to $301.2 million in 2026.
- Business Quant data shows MGM's Operating Income at $301.2 million in Q1 2026, $325.0 million in Q4 2025, and -$112.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 904.00 Mn |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 301.24 Mn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 282.60 Mn |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 163.99 Mn |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | - |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 500.00 Mn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | 494.13 Mn |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 84.00 Mn |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 143.68 Mn |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | 304.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 301.24 Mn |
| Dec 31, 2025 | 325.01 Mn |
| Sep 30, 2025 | -112.85 Mn |
| Jun 30, 2025 | 404.57 Mn |
| Mar 31, 2025 | 385.06 Mn |
| Dec 31, 2024 | 291.57 Mn |
| Sep 30, 2024 | 314.86 Mn |
| Jun 30, 2024 | 425.66 Mn |
| Mar 31, 2024 | 458.38 Mn |
| Dec 31, 2023 | 419.34 Mn |
| Sep 30, 2023 | 369.94 Mn |
| Jun 30, 2023 | 371.38 Mn |
| Mar 31, 2023 | 730.84 Mn |
| Dec 31, 2022 | -1.90 Mn |
| Sep 30, 2022 | -1.05 Bn |
| Jun 30, 2022 | 2.38 Bn |
| Mar 31, 2022 | 105.79 Mn |
| Dec 31, 2021 | 368.85 Mn |
| Sep 30, 2021 | 1.89 Bn |
| Jun 30, 2021 | 263.76 Mn |