MGM Resorts International (MGM) Shares Outstanding (Diluted) (2009 - 2026)
MGM Resorts International (MGM) recorded Weighted Average Shares Outstanding (Diluted) of 251.96 million in Q3 2026, down 7.5% from 272.52 million a year earlier and down 2.2% from the prior quarter.
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Analysis
MGM Resorts International (MGM) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, MGM Resorts International reported Weighted Average Shares Outstanding (Diluted) of 277.28 million, down 10.6% from FY2024.
- Annual Weighted Average Shares Outstanding (Diluted) has declined for eight straight years, with a five-year compound annual growth rate of -10.9% (FY2020 to FY2025).
- Across earlier years, Weighted Average Shares Outstanding (Diluted) came in at 310.23 million in FY2024 (-13.5%), 358.63 million in FY2023 (-13.2%), 412.99 million in FY2022 (-15.3%) and 487.36 million in FY2021 (-1.4%).
- The Q3 2026 figure is the lowest quarterly Weighted Average Shares Outstanding (Diluted) in data going back to Q4 2009.
- On a year-over-year basis, Weighted Average Shares Outstanding (Diluted) has declined for 21 consecutive quarters, with an average decline of 10.2% over the last eight quarters.
- Over the past five years, the year-over-year decline in Weighted Average Shares Outstanding (Diluted) ranged from 1.4% (Q4 2021) to 18.8% (Q3 2022).
- Per Business Quant, the preceding three quarters came in at 257.76 million (Q2 2026), 258.88 million (Q1 2026) and 277.28 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.78 Bn | 12.38 Bn | 1.47 Bn | 640.00 Mn |
| 2 | Flutter Entertainment | 14.41 Bn | 7.78 Bn | 1.71 Bn | 175.00 Mn |
| 3 | DraftKings | 11.49 Bn | 7.16 Bn | 551.45 Mn | 496.09 Mn |
| 4 | Life Time Group Holdings | 10.49 Bn | 9.65 Bn | 419.01 Mn | 227.34 Mn |
| 5 | Wynn Resorts | 8.10 Bn | 2.39 Bn | 758.95 Mn | 102.98 Mn |
| 6 | MGM Resorts International | 7.96 Bn | -1.34 Bn | 1.73 Bn | 251.96 Mn |
| 7 | Madison Square Garden Sports | 7.58 Bn | 7.18 Bn | 119.21 Mn | 24.25 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 77.50 Mn |
| 9 | Churchill Downs | 6.80 Bn | 6.04 Bn | 207.00 Mn | 70.00 Mn |
| 10 | Caesars Entertainment | 5.94 Bn | 2.35 Bn | 1.44 Bn | 204.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 251.96 Mn |
| Jun 30, 2026 | 257.76 Mn |
| Mar 31, 2026 | 258.88 Mn |
| Dec 31, 2025 | 277.28 Mn |
| Sep 30, 2025 | 272.52 Mn |
| Jun 30, 2025 | 275.62 Mn |
| Mar 31, 2025 | 289.10 Mn |
| Dec 31, 2024 | 310.23 Mn |
| Sep 30, 2024 | 303.48 Mn |
| Jun 30, 2024 | 314.42 Mn |
| Mar 31, 2024 | 323.76 Mn |
| Dec 31, 2023 | 358.63 Mn |
| Sep 30, 2023 | 351.39 Mn |
| Jun 30, 2023 | 365.34 Mn |
| Mar 31, 2023 | 378.10 Mn |
| Dec 31, 2022 | 412.99 Mn |
| Sep 30, 2022 | 393.30 Mn |
| Jun 30, 2022 | 421.30 Mn |
| Mar 31, 2022 | 442.92 Mn |
| Dec 31, 2021 | 487.36 Mn |
API Access
MGM Resorts International Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();