Melco Resorts & Entertainment (MLCO) Operating Expenses (2009 - 2026)
Melco Resorts & Entertainment (MLCO) reported Operating Expenses of -$1.2 billion for Q1 2026, down 9.22% on a YoY basis from -$1.3 billion in Q1 2025, and down 3.56% sequentially from -$1.1 billion in Q4 2025.
Melco Resorts & Entertainment (MLCO) Operating Expenses (2009 - 2026) Analysis & Trends
Melco Resorts & Entertainment (MLCO) has 18 years of Operating Expenses data on file, last reported at -$1.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 9.22% year-over-year to -$1.2 billion; the trailing twelve-month figure through Mar 2026 stood at -$4.5 billion (down 9.54% YoY), and the FY2025 full-year result was $4.6 billion, up 9.85% from the prior year.
- Operating Expenses fell to -$1.2 billion in Q1 2026, from -$1.1 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $592.0 million in Q1 2023 to a low of -$1.2 billion in Q2 2025.
- A 5-year average of -$748.0 million and a median of -$982.9 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 184.22% in 2022 and tumbled 266.73% in 2024, its largest moves.
- Tracing MLCO's Operating Expenses over 5 years: stood at -$536.6 million in 2022, then sank by 121.4% to -$1.2 billion in 2023, then climbed by 7.91% to -$1.1 billion in 2024, then retreated by 4.83% to -$1.1 billion in 2025, then retreated by 3.56% to -$1.2 billion in 2026.
- Business Quant data shows MLCO's Operating Expenses at -$1.2 billion in Q1 2026, -$1.1 billion in Q4 2025, and -$982.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 2.68 Bn |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 4.16 Bn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 1.57 Bn |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 833.36 Mn |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | -1.19 Bn |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 2.37 Bn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | - |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 1.14 Bn |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 363.64 Mn |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | -148.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.19 Bn |
| Dec 31, 2025 | -1.15 Bn |
| Sep 30, 2025 | -982.86 Mn |
| Jun 30, 2025 | -1.20 Bn |
| Mar 31, 2025 | -1.09 Bn |
| Dec 31, 2024 | -1.09 Bn |
| Sep 30, 2024 | -909.90 Mn |
| Jun 30, 2024 | -1.04 Bn |
| Mar 31, 2024 | -987.06 Mn |
| Dec 31, 2023 | -1.19 Bn |
| Sep 30, 2023 | -922.51 Mn |
| Jun 30, 2023 | -883.65 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 |