Melco Resorts & Entertainment (MLCO) Operating Expenses (2009 - 2026)
Melco Resorts & Entertainment (MLCO) posted Operating Expenses of -$1.2 billion for Q1 2026, down 3.56% sequentially from -$1.1 billion in Q4 2025, and down 9.22% YoY from -$1.3 billion in Q1 2025.
Melco Resorts & Entertainment (MLCO) Operating Expenses (2009 - 2026) Analysis & Trends
Melco Resorts & Entertainment has reported Operating Expenses for 18 years, with the latest figure at -$1.2 billion in Q1 2026.
- Quarterly Operating Expenses fell 9.22% year-over-year to -$1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$4.5 billion (down 9.54% YoY) and the FY2025 annual result came in at $4.6 billion, up 9.85% from the prior year.
- Operating Expenses fell to -$1.2 billion in Q1 2026 per MLCO's latest filing, from -$1.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $465.2 million in Q1 2022 and troughed at -$1.2 billion in Q2 2025.
- A 5-year average of -$746.3 million and a median of -$982.9 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 184.22% in 2022, then sank 433.5% in 2023.
- Over 5 years, Operating Expenses stood at -$536.6 million in 2022, then plunged by 121.4% to -$1.2 billion in 2023, then rose by 7.91% to -$1.1 billion in 2024, then dropped by 4.83% to -$1.1 billion in 2025, then dropped by 3.56% to -$1.2 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$1.2 billion, -$1.1 billion, and -$982.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 2.54 Bn |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 3.97 Bn |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 1.56 Bn |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 833.69 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 2.48 Bn |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 1.16 Bn |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | 1.27 Bn |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 374.27 Mn |
| 10 | Melco Resorts & Entertainment | 2.09 Bn | 1.46 Bn | - | -1.19 Bn |
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 |