MGM Resorts International (MGM) Operating Income (2009 - 2026)

MGM Resorts International's (MGM) quarterly Operating Income came in at $301.2 million in Q1 2026, down 21.77% year-on-year from $385.1 million in Q1 2025, and down 7.31% quarter-over-quarter from $325.0 million in Q4 2025.

MGM Resorts International (MGM) Operating Income (2009 - 2026) Analysis & Trends

MGM Resorts International has disclosed Operating Income across 18 years of filings, most recently posting $301.2 million for Q1 2026.

  • Operating Income for Q1 2026 came in at $301.2 million, down 21.77% year-over-year; the trailing twelve-month figure through Mar 2026 was $918.0 million (down 35.22% YoY), and the FY2025 annual result was $1.0 billion, down 32.79% from the prior year.
  • Operating Income came in at $301.2 million for Q1 2026 at MGM Resorts International, down 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.
  • The 5-year median for Operating Income is $369.9 million (2023), against an average of $360.3 million.
  • Across the five-year window, Operating Income tumbled 155.26% in 2022 and jumped 22217.3% in 2023, its largest moves.
  • MGM Resorts International's Operating Income stood at -$1.9 million in 2022, then surged by 22217.3% to $419.3 million in 2023, then plunged by 30.47% to $291.6 million in 2024, then rose by 11.47% to $325.0 million in 2025, then dropped by 7.31% to $301.2 million in 2026.
  • The last three Operating Income figures came in at $301.2 million (Q1 2026), $325.0 million (Q4 2025), and -$112.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Wynn Resorts 10.89 Bn 10.06 Bn 1.77 Bn 282.60 Mn
2 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn - 128.92 Mn
3 Boyd Gaming 6.48 Bn 6.47 Bn 742.51 Mn 163.99 Mn
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn 500.00 Mn
5 Vail Resorts 5.17 Bn 5.17 Bn - 494.13 Mn
6 Hilton Grand Vacations 4.32 Bn 4.21 Bn 1.10 Bn -38.00 Mn
7 Red Rock Resorts 3.54 Bn 3.51 Bn 491.72 Mn 143.68 Mn
8 Marriott Vacations Worldwide 3.38 Bn 3.12 Bn 1.23 Bn 60.00 Mn
9 PENN Entertainment 2.84 Bn 2.13 Bn 971.20 Mn 97.10 Mn
10 MGM Resorts International - - 3.88 Bn 301.24 Mn

Historic Data

Download Data
DateValue
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