MGM Resorts International (MGM) Operating Leases (2019 - 2026)

MGM Resorts International (MGM) reported Operating Leases of $25.0 billion for Q1 2026, little changed on a YoY basis from $25.2 billion in Q1 2025, and little changed sequentially from $25.1 billion in Q4 2025.

MGM Resorts International (MGM) Operating Leases (2019 - 2026) Analysis & Trends

MGM Resorts International (MGM) has 8 years of Operating Leases data on file, last reported at $25.0 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases changed 0.43% year-over-year to $25.0 billion; the trailing twelve-month figure through Mar 2026 stood at $25.0 billion (changed 0.43% YoY), and the FY2025 full-year result was $25.1 billion, changed 0.42% from the prior year.
  • Operating Leases was little changed at $25.0 billion in Q1 2026, from $25.1 billion in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $25.2 billion in Q4 2023 to a low of $11.8 billion in Q1 2022.
  • A 5-year average of $24.4 billion and a median of $25.1 billion in 2022 frame the typical range for Operating Leases.
  • Across the five-year window, Operating Leases surged 199.1% in 2022 and fell 0.43% in 2026, its largest moves.
  • Tracing MGM's Operating Leases over 5 years: stood at $25.1 billion in 2022, then advanced by 0.21% to $25.2 billion in 2023, then declined by 0.11% to $25.2 billion in 2024, then declined by 0.42% to $25.1 billion in 2025, then slipped by 0.08% to $25.0 billion in 2026.
  • Business Quant data shows MGM's Operating Leases at $25.0 billion in Q1 2026, $25.1 billion in Q4 2025, and $25.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn -
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn
7 Vail Resorts 5.23 Bn 5.21 Bn -
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.05 Bn
Dec 31, 2025 25.07 Bn
Sep 30, 2025 25.09 Bn
Jun 30, 2025 25.10 Bn
Mar 31, 2025 25.16 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 25.20 Bn
Sep 30, 2023 25.13 Bn
Jun 30, 2023 25.20 Bn
Mar 31, 2023 25.20 Bn
Dec 31, 2022 25.15 Bn
Sep 30, 2022 25.14 Bn
Jun 30, 2022 25.14 Bn
Mar 31, 2022 11.84 Bn
Dec 31, 2021 11.83 Bn
Sep 30, 2021 11.78 Bn
Jun 30, 2021 8.40 Bn