Melco Resorts & Entertainment (MLCO) Operating Expenses (2009 - 2026)

Melco Resorts & Entertainment's (MLCO) quarterly Operating Expenses came in at -$1.1 billion in Q1 2026, down 9.15% year-on-year from -$1.2 billion in Q1 2025, and up 5.33% quarter-over-quarter from -$1.1 billion in Q4 2025.

Melco Resorts & Entertainment (MLCO) Operating Expenses (2009 - 2026) Analysis & Trends

Melco Resorts & Entertainment has disclosed Operating Expenses across 18 years of filings, most recently posting -$1.1 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$1.1 billion, down 9.15% year-over-year; the trailing twelve-month figure through Mar 2026 was -$4.3 billion (down 9.69% YoY), and the FY2025 annual result was $4.6 billion, up 9.85% from the prior year.
  • Operating Expenses came in at -$1.1 billion for Q1 2026 at Melco Resorts & Entertainment, up from -$1.1 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $790.0 million in Q3 2023 to a low of -$1.2 billion in Q4 2023.
  • The 5-year median for Operating Expenses is -$909.9 million (2024), against an average of -$662.3 million.
  • Peak annual rise in Operating Expenses reached 185.61% in 2023, while the deepest fall reached 331.92% in 2023.
  • Melco Resorts & Entertainment's Operating Expenses stood at -$536.6 million in 2022, then plunged by 121.4% to -$1.2 billion in 2023, then grew by 7.91% to -$1.1 billion in 2024, then decreased by 4.83% to -$1.1 billion in 2025, then advanced by 5.33% to -$1.1 billion in 2026.
  • The last three Operating Expenses figures came in at -$1.1 billion (Q1 2026), -$1.1 billion (Q4 2025), and -$982.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Wynn Resorts 10.77 Bn 9.94 Bn 1.77 Bn 1.57 Bn
2 Boyd Gaming 6.75 Bn 6.74 Bn 742.51 Mn 833.36 Mn
3 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn - -1.09 Bn
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn 2.37 Bn
5 Vail Resorts 4.85 Bn 4.81 Bn - -
6 Hilton Grand Vacations 4.07 Bn 3.97 Bn 1.10 Bn 1.14 Bn
7 Red Rock Resorts 3.34 Bn 3.31 Bn 491.72 Mn 363.64 Mn
8 Marriott Vacations Worldwide 3.09 Bn 2.82 Bn 1.23 Bn 1.17 Bn
9 PENN Entertainment 2.57 Bn 1.85 Bn 971.20 Mn 1.68 Bn
10 Monarch Casino & Resort 2.19 Bn 2.07 Bn 34.95 Mn 101.60 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.09 Bn
Dec 31, 2025 -1.15 Bn
Sep 30, 2025 -982.86 Mn
Jun 30, 2025 -1.08 Bn
Mar 31, 2025 -994.75 Mn
Dec 31, 2024 -1.09 Bn
Sep 30, 2024 -909.90 Mn
Jun 30, 2024 -919.57 Mn
Mar 31, 2024 -892.93 Mn
Dec 31, 2023 -1.19 Bn
Sep 30, 2023 790.05 Mn
Jun 30, 2023 -764.96 Mn
Mar 31, 2023 -592.01 Mn
Dec 31, 2022 -536.57 Mn
Sep 30, 2022 276.61 Mn
Jun 30, 2022 329.83 Mn
Mar 31, 2022 -465.22 Mn
Dec 31, 2021 -584.97 Mn
Sep 30, 2021 -447.08 Mn
Jun 30, 2021 -574.19 Mn