MGM Resorts International MGM
NYSE MGM
$40.65 -0.09 (-0.22%)
As of: Sep 9, 2026 · 3:59 PM EDT

MGM Resorts International (MGM) Operating Margin (2009 - 2026)

MGM Resorts International's (MGM) quarterly Operating Margin came in at 11.32% in Q2 2026, up 213.0% year-over-year from 3.62% in Q2 2025, and up 67.33% quarter-over-quarter from 6.76% in Q1 2026.

Analysis

MGM Resorts International (MGM) Operating Margin (2009 - 2026) Analysis & Trends

MGM Resorts International has disclosed Operating Margin across 18 years of filings, most recently posting 11.32% for Q2 2026.

  • In Q2 2026, Operating Margin rose 213.0% year-over-year to 11.32%; the TTM figure through Jun 2026 stood at 5.73% (down 238.0% YoY), while the FY2025 annual figure was 5.71%, down 293.0% from the prior year.
  • Operating Margin came in at 11.32% for Q2 2026 at MGM Resorts International, up from 6.76% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 72.94% in Q2 2022 to a low of 30.62% in Q3 2022.
  • Average Operating Margin over 5 years is 9.35%, with a median of 9.09% recorded in 2025.
  • The largest YoY upside for Operating Margin was 6131 bps in 2022 against a maximum downside of 10053 bps in 2022.
  • Over 5 years, Operating Margin stood at 0.05% in 2022, then soared by 18258 bps to 9.58% in 2023, then sank by 30 bps to 6.71% in 2024, then grew by 5 bps to 7.06% in 2025, then surged by 60 bps to 11.32% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 11.32% in Q2 2026, 6.76% in Q1 2026, and 7.06% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Las Vegas Sands 28.23 Bn 24.85 Bn 1.81 Bn 19.59%
2 MGM Resorts International 10.30 Bn 7.75 Bn 3.10 Bn 11.32%
3 Wynn Resorts 9.26 Bn 7.69 Bn 1.14 Bn 16.03%
4 Caesars Entertainment 6.05 Bn 4.99 Bn 2.04 Bn 17.14%
5 Churchill Downs 5.87 Bn 5.67 Bn 712.00 Mn 36.43%
6 Boyd Gaming 5.64 Bn 5.31 Bn 766.76 Mn 19.40%
7 Red Rock Resorts 3.18 Bn 2.57 Bn 420.02 Mn 26.65%
8 PENN Entertainment 2.30 Bn 1.41 Bn 1.02 Bn 7.09%
9 Monarch Casino & Resort 2.15 Bn 2.01 Bn 38.62 Mn -45.83%
10 Melco Resorts & Entertainment 2.01 Bn 1.44 Bn 1.05 Bn 6.73%
Historic Data

Historic Data

Download Data
DateValue
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%
Sep 30, 2021 69.91%