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| Date | Value |
|---|---|
| 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 |