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
DateValue
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