MGM Resorts International (MGM) Operating Margin (2009 - 2026)
MGM Resorts International (MGM) posted Operating Margin of 2.82% for Q3 2026, up 5.47 percentage points from -2.66% a year earlier but down 8.50 percentage points from the prior quarter.
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Analysis
MGM Resorts International (MGM) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Margin at MGM Resorts International was 7.04%, up 1.44 percentage points year-over-year; for FY2025, it came in at 5.71%, down 2.93 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +18.16 percentage points (FY2020 to FY2025).
- In prior years, MGM Resorts International's Operating Margin was 8.65% in FY2024 (-3.06 pp), 11.70% in FY2023 (+0.74 pp), 10.96% in FY2022 (-12.58 pp) and 23.54% in FY2021 (+35.99 pp).
- Quarterly Operating Margin has run from a low of -30.62% in Q3 2022 to a high of 72.94% in Q2 2022 over five years.
- On a year-over-year basis, Operating Margin increased in three of the last eight quarters, with an average year-over-year change of -1.18 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q2 2022, with a gain of 61.31 percentage points; the weakest was Q3 2022, with a drop of 100.53 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 11.32% (Q2 2026), 6.76% (Q1 2026) and 7.06% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn | 19.22% |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn | -30.74% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 17.68% |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn | -4.72% |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn | 10.55% |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn | 2.82% |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | 11.53% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 29.37% |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn | 20.55% |
| 10 | Caesars Entertainment | 5.97 Bn | 2.39 Bn | 1.44 Bn | 15.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.82% |
| Jun 30, 2026 | 11.32% |
| Mar 31, 2026 | 6.76% |
| Dec 31, 2025 | 7.06% |
| Sep 30, 2025 | -2.66% |
| Jun 30, 2025 | 9.18% |
| Mar 31, 2025 | 9.00% |
| Dec 31, 2024 | 6.71% |
| Sep 30, 2024 | 7.53% |
| Jun 30, 2024 | 9.84% |
| Mar 31, 2024 | 10.46% |
| Dec 31, 2023 | 9.58% |
| Sep 30, 2023 | 9.31% |
| Jun 30, 2023 | 9.42% |
| Mar 31, 2023 | 18.87% |
| Dec 31, 2022 | -0.05% |
| Sep 30, 2022 | -30.62% |
| Jun 30, 2022 | 72.94% |
| Mar 31, 2022 | 3.71% |
| Dec 31, 2021 | 12.07% |
API Access
MGM Resorts International Operating Margin 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-margin&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();