Meridian Holdings (MRDN) Gross Margin (2017 - 2026)
Meridian Holdings' Gross Margin was 53.50% in Q2 2026, down 2.87 percentage points from 56.37% a year earlier and down 2.67 percentage points from the prior quarter.
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Analysis
Meridian Holdings (MRDN) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Meridian Holdings' Gross Margin was 55.72% through Jun 30, 2026, down 0.85 percentage points year-over-year; for FY2025, it came in at 56.58%, down 2.04 percentage points from FY2024.
- Gross Margin shows a five-year change of -132.19 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 58.61% in FY2024 (-14.77 pp), 73.38% in FY2023, 25.43% in FY2022 (-3.66 pp) and 29.09% in FY2021.
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q2 2023.
- Compared with a year earlier, Gross Margin has declined for three straight quarters, with an average year-over-year change of -8.51 percentage points over the last seven quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2025 (a gain of 1.35 percentage points); the worst was Q4 2024 (a drop of 43.23 percentage points).
- Per Business Quant data, MRDN's Gross Margin in the three quarters before Q2 2026 was 56.17% (Q1 2026), 57.48% (Q4 2025) and 55.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn | 46.92% |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn | 38.21% |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn | 39.60% |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 42.77% |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn | 47.61% |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn | 40.87% |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn | 44.47% |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | 50.08% |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - | - |
| 10 | Meridian Holdings | 154.31 Mn | 82.14 Mn | 26.85 Mn | 53.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 53.50% |
| Mar 31, 2026 | 56.17% |
| Dec 31, 2025 | 57.48% |
| Sep 30, 2025 | 55.77% |
| Jun 30, 2025 | 56.37% |
| Mar 31, 2025 | 56.63% |
| Dec 31, 2024 | 58.42% |
| Sep 30, 2024 | 54.65% |
| Jun 30, 2024 | 55.02% |
| Mar 31, 2024 | 71.19% |
| Dec 31, 2023 | 101.66% |
| Jun 30, 2023 | 73.25% |
| Apr 30, 2023 | 19.98% |
| Jan 31, 2023 | 22.67% |
| Oct 31, 2022 | 22.11% |
| Jul 31, 2022 | 27.26% |
| Apr 30, 2022 | 29.95% |
| Jan 31, 2022 | 22.80% |
| Jul 31, 2021 | 37.15% |
| Apr 30, 2021 | 43.43% |
API Access
Meridian Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MRDN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MRDN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MRDN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();