MGM Resorts International (MGM) Operating Leases (2019 - 2026)
MGM Resorts International (MGM) reported Operating Leases of $23.78 billion for Q2 2026, down 4.9% from $25.01 billion a year earlier and down 4.6% from the prior quarter.
Powered by 
Analysis
MGM Resorts International (MGM) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, MGM Resorts International posted Operating Leases of $24.96 billion, down 0.5% from FY2024.
- Operating Leases has declined for three consecutive years, though with a five-year compound annual growth rate of 24.4% (FY2020 to FY2025).
- By year, Operating Leases came in at $25.08 billion in FY2024 (-0.2%), $25.13 billion in FY2023 (-0.1%), $25.15 billion in FY2022 (+113.1%) and $11.8 billion in FY2021 (+40.7%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Leases since Q1 2022.
- Year over year, Operating Leases has now declined in each of the last 12 quarters, with an average decline of 0.9% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was Q2 2022 (growth of 199.1%); the low point was Q2 2026 (a decline of 4.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $24.93 billion (Q1 2026), $24.96 billion (Q4 2025) and $24.99 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - |
| 10 | Churchill Downs | 5.27 Bn | 4.55 Bn | 419.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.78 Bn |
| Mar 31, 2026 | 24.93 Bn |
| Dec 31, 2025 | 24.96 Bn |
| Sep 30, 2025 | 24.99 Bn |
| Jun 30, 2025 | 25.01 Bn |
| Mar 31, 2025 | 25.06 Bn |
| Dec 31, 2024 | 25.08 Bn |
| Sep 30, 2024 | 25.09 Bn |
| Jun 30, 2024 | 25.11 Bn |
| Mar 31, 2024 | 25.12 Bn |
| Dec 31, 2023 | 25.13 Bn |
| Sep 30, 2023 | 25.13 Bn |
| Jun 30, 2023 | 25.14 Bn |
| Mar 31, 2023 | 25.15 Bn |
| Dec 31, 2022 | 25.15 Bn |
| Sep 30, 2022 | 25.14 Bn |
| Jun 30, 2022 | 25.14 Bn |
| Mar 31, 2022 | 11.81 Bn |
| Dec 31, 2021 | 11.80 Bn |
| Sep 30, 2021 | 11.78 Bn |
API Access
MGM Resorts International Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "MGM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();