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| Date | Value |
|---|---|
| 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 |