MGM Resorts International (MGM) Operating Leases (2019 - 2026)
MGM Resorts International's (MGM) quarterly Operating Leases came in at $24.9 billion in Q1 2026, little changed year-on-year from $25.1 billion in Q1 2025, and down 0.54% quarter-over-quarter from $25.1 billion in Q4 2025.
MGM Resorts International (MGM) Operating Leases (2019 - 2026) Analysis & Trends
MGM Resorts International has disclosed Operating Leases across 8 years of filings, most recently posting $24.9 billion for Q1 2026.
- Operating Leases for Q1 2026 came in at $24.9 billion, changed 0.49% year-over-year; the trailing twelve-month figure through Mar 2026 was $24.9 billion (changed 0.49% YoY), and the FY2025 annual result was $25.1 billion, changed 0.42% from the prior year.
- Operating Leases came in at $24.9 billion for Q1 2026 at MGM Resorts International, down from $25.1 billion in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $25.2 billion in Q3 2023 to a low of $11.8 billion in Q1 2022.
- The 5-year median for Operating Leases is $25.1 billion (2022), against an average of $24.3 billion.
- Across the five-year window, Operating Leases surged 199.1% in 2022 and declined 0.76% in 2025, its largest moves.
- MGM Resorts International's Operating Leases stood at $25.1 billion in 2022, then decreased by 0.09% to $25.1 billion in 2023, then gained by 0.19% to $25.2 billion in 2024, then fell by 0.42% to $25.1 billion in 2025, then dropped by 0.54% to $24.9 billion in 2026.
- The last three Operating Leases figures came in at $24.9 billion (Q1 2026), $25.1 billion (Q4 2025), and $25.0 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Wynn Resorts | 10.89 Bn | 10.06 Bn | 1.77 Bn |
| 2 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - |
| 3 | Boyd Gaming | 6.48 Bn | 6.47 Bn | 742.51 Mn |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn |
| 5 | Vail Resorts | 5.17 Bn | 5.17 Bn | - |
| 6 | Hilton Grand Vacations | 4.32 Bn | 4.21 Bn | 1.10 Bn |
| 7 | Red Rock Resorts | 3.54 Bn | 3.51 Bn | 491.72 Mn |
| 8 | Marriott Vacations Worldwide | 3.38 Bn | 3.12 Bn | 1.23 Bn |
| 9 | PENN Entertainment | 2.84 Bn | 2.13 Bn | 971.20 Mn |
| 10 | MGM Resorts International | - | - | 3.88 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.93 Bn |
| Dec 31, 2025 | 25.07 Bn |
| Sep 30, 2025 | 24.99 Bn |
| Jun 30, 2025 | 25.10 Bn |
| Mar 31, 2025 | 25.06 Bn |
| Dec 31, 2024 | 25.17 Bn |
| Sep 30, 2024 | 25.18 Bn |
| Jun 30, 2024 | 25.11 Bn |
| Mar 31, 2024 | 25.19 Bn |
| Dec 31, 2023 | 25.13 Bn |
| Sep 30, 2023 | 25.20 Bn |
| Jun 30, 2023 | 25.20 Bn |
| Mar 31, 2023 | 25.20 Bn |
| Dec 31, 2022 | 25.15 Bn |
| Sep 30, 2022 | 25.19 Bn |
| Jun 30, 2022 | 25.14 Bn |
| Mar 31, 2022 | 11.81 Bn |
| Dec 31, 2021 | 11.83 Bn |
| Sep 30, 2021 | 11.81 Bn |
| Jun 30, 2021 | 8.40 Bn |