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
DateValue
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