Melco Resorts & Entertainment (MLCO) Operating Margin (2009 - 2026)
Melco Resorts & Entertainment's (MLCO) quarterly Operating Margin came in at 6.73% in Q2 2026, down 81.0% year-over-year from 35.41% in Q2 2025, and down 36.61% quarter-over-quarter from 10.61% in Q1 2026.
Analysis
Melco Resorts & Entertainment (MLCO) Operating Margin (2009 - 2026) Analysis & Trends
Melco Resorts & Entertainment has disclosed Operating Margin across 18 years of filings, most recently posting 6.73% for Q2 2026.
- In Q2 2026, Operating Margin fell 81.0% year-over-year to 6.73%; the TTM figure through Jun 2026 stood at 10.18% (up 159.0% YoY), while the FY2025 annual figure was 9.82%, down 203.0% from the prior year.
- Operating Margin came in at 6.73% for Q2 2026 at Melco Resorts & Entertainment, down from 10.61% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 11.7% in Q3 2025 to a low of 220.45% in Q4 2022.
- Average Operating Margin over 5 years is 17.74%, with a median of 7.18% recorded in 2023.
- Year-over-year, Operating Margin sank 10030 bps in 2022 and jumped 21182 bps in 2023.
- Over 5 years, Operating Margin stood at 220.45% in 2022, then surged by 96 bps to 8.63% in 2023, then surged by 194 bps to 8.14% in 2024, then soared by 39 bps to 11.32% in 2025, then sank by 41 bps to 6.73% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 6.73% in Q2 2026, 10.61% in Q1 2026, and 11.32% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.98 Bn | 24.61 Bn | 1.81 Bn | 19.59% |
| 2 | MGM Resorts International | 10.39 Bn | 7.84 Bn | 3.10 Bn | 11.32% |
| 3 | Wynn Resorts | 9.16 Bn | 7.59 Bn | 1.14 Bn | 16.03% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 17.14% |
| 5 | Churchill Downs | 5.78 Bn | 5.59 Bn | 712.00 Mn | 36.43% |
| 6 | Boyd Gaming | 5.65 Bn | 5.33 Bn | 766.76 Mn | 19.40% |
| 7 | Red Rock Resorts | 3.16 Bn | 2.55 Bn | 420.02 Mn | 26.65% |
| 8 | PENN Entertainment | 2.26 Bn | 1.38 Bn | 1.02 Bn | 7.09% |
| 9 | Monarch Casino & Resort | 2.14 Bn | 2.00 Bn | 38.62 Mn | -45.83% |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.41 Bn | 1.05 Bn | 6.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.73% |
| Mar 31, 2026 | 10.61% |
| Dec 31, 2025 | 11.32% |
| Sep 30, 2025 | 11.70% |
| Jun 30, 2025 | 7.54% |
| Mar 31, 2025 | 10.03% |
| Dec 31, 2024 | 8.14% |
| Sep 30, 2024 | 8.77% |
| Jun 30, 2024 | 8.74% |
| Mar 31, 2024 | 8.21% |
| Dec 31, 2023 | -8.63% |
| Sep 30, 2023 | 6.63% |
| Jun 30, 2023 | 6.81% |
| Mar 31, 2023 | -2.13% |
| Dec 31, 2022 | -220.45% |
| Sep 30, 2022 | -102.47% |
| Jun 30, 2022 | -75.06% |
| Mar 31, 2022 | -15.81% |
| Dec 31, 2021 | -120.15% |
| Sep 30, 2021 | -18.03% |