MGM Resorts International (MGM) Shares Outstanding (Diluted) (2009 - 2026)
MGM Resorts International (MGM) recorded Shares Outstanding (Diluted) of 257.76 million in Q2 2026, down 6.5% from 275.62 million a year earlier and down 0.4% 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 Shares Outstanding (Diluted) of 277.28 million, down 10.6% from FY2024.
- Annual 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, 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 Q2 2026 figure is the lowest quarterly Shares Outstanding (Diluted) in data going back to Q4 2009.
- On a year-over-year basis, Shares Outstanding (Diluted) has declined for 20 consecutive quarters, with an average decline of 11.0% over the last eight quarters.
- Over the past five years, the year-over-year decline in Shares Outstanding (Diluted) ranged from 1.4% (Q4 2021) to 18.8% (Q3 2022).
- Per Business Quant, the preceding three quarters came in at 258.88 million (Q1 2026), 277.28 million (Q4 2025) and 272.52 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.05 Bn | 11.15 Bn | 1.48 Bn | 656.00 Mn |
| 2 | Flutter Entertainment | 13.32 Bn | 6.69 Bn | 1.71 Bn | 175.00 Mn |
| 3 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 24.25 Mn |
| 4 | DraftKings | 9.57 Bn | 5.23 Bn | 551.45 Mn | 496.09 Mn |
| 5 | Life Time Group Holdings | 9.03 Bn | 8.26 Bn | 412.26 Mn | 227.34 Mn |
| 6 | Wynn Resorts | 7.89 Bn | 2.18 Bn | 758.95 Mn | 102.98 Mn |
| 7 | MGM Resorts International | 7.50 Bn | -1.53 Bn | 1.98 Bn | 257.76 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 78.50 Mn |
| 9 | Caesars Entertainment | 5.97 Bn | 2.41 Bn | 1.50 Bn | 204.00 Mn |
| 10 | Churchill Downs | 5.75 Bn | 4.98 Bn | 419.00 Mn | 70.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 484.22 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();