MGM Resorts International (MGM) Tax Rate (2013 - 2026)
MGM Resorts International's Tax Rate was 21.94% in Q2 2026, up 10.23 percentage points from 11.71% a year earlier and up 8.37 percentage points from the prior quarter.
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Analysis
MGM Resorts International (MGM) Tax Rate (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, MGM Resorts International's Tax Rate was -35.81% through Jun 30, 2026, down 44.23 percentage points year-over-year; for FY2025, it was -85.51%, down 90.21 percentage points from FY2024.
- Tax Rate has now declined for three consecutive years, with a five-year change of -98.18 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 4.70% in FY2024 (-6.02 pp), 10.72% in FY2023 (-66.41 pp), 77.13% in FY2022 (+59.79 pp) and 17.34% in FY2021 (+4.66 pp).
- The Q2 2026 figure marks the highest quarterly Tax Rate since Q1 2023.
- Compared with a year earlier, Tax Rate was higher in five of the last eight quarters, with an average year-over-year change of -29.68 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q4 2023 (a gain of 820.50 percentage points); the worst was Q4 2022 (a drop of 860.25 percentage points).
- Per Business Quant data, MGM's Tax Rate in the three quarters before Q2 2026 was 13.58% (Q1 2026), -283.44% (Q4 2025) and 5.86% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn | 19.09% |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn | - |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn | - |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 15.96% |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn | 24.66% |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn | 8.15% |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn | 21.94% |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | - |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - | - |
| 10 | Churchill Downs | 5.27 Bn | 4.55 Bn | 419.00 Mn | 26.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.94% |
| Mar 31, 2026 | 13.58% |
| Jun 30, 2025 | 11.71% |
| Mar 31, 2025 | 15.01% |
| Sep 30, 2024 | 17.72% |
| Mar 31, 2024 | 12.72% |
| Sep 30, 2023 | 5.55% |
| Jun 30, 2023 | 13.85% |
| Mar 31, 2023 | 25.68% |
| Jun 30, 2022 | 26.09% |
| Dec 31, 2021 | 21.16% |
| Sep 30, 2021 | 17.41% |
| Jun 30, 2021 | 27.83% |
| Mar 31, 2020 | 28.00% |
| Dec 31, 2019 | 21.22% |
| Jun 30, 2019 | 13.35% |
| Mar 31, 2019 | 51.94% |
| Dec 31, 2018 | 93.41% |
| Sep 30, 2018 | 10.00% |
| Jun 30, 2018 | 14.45% |
API Access
MGM Resorts International Tax Rate 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=tax-rate&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();