United States was MGM Resorts International’s largest region in fiscal 2025, bringing in $12.41B of $17.54B (71%).
| Geography | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| United States | $12.32B | $12.58B | $12.66B | $12.41B |
| China | $673.66M | $3.15B | $4.02B | $4.46B |
| Other | $133.42M | $433.64M | $555.23M | $661.96M |
| Total | $13.13B | $16.16B | $17.24B | $17.54B |
MGM Resorts International brought in $17.54B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 1.7% from $17.24B in fiscal 2024. United States was the largest at $12.41B (70.8%), ahead of China at $4.46B (25.5%) and Other at $661.96M (3.8%).
Compared with fiscal 2024, Other grew fastest, up 19.2% to $661.96M, while United States fell the most, down 2.0% to $12.41B. From fiscal 2022 to 2025, combined revenue from these regions grew from $13.13B to $17.54B, a compound annual growth rate of 10.1%. United States' share of the total fell from 93.9% to 70.8%.
Guarantor Subsidiaries was MGM Resorts International’s largest revenue line in fiscal 2013, bringing in $5.96B of $9.81B (61%).
| Legal Entity | FY 2009 | FY 2012 | FY 2013 |
|---|---|---|---|
| Guarantor Subsidiaries | $5.78B | $5.96B | |
| Total Revenues, Net | — | — | |
| Non-Guarantor Subsidiaries | $3.38B | $3.86B | |
| Total | $9.16B | $9.81B |
MGM Resorts International brought in $9.81B from its two revenue lines in fiscal 2013, the year ended December 31, 2013. That was up 7.1% from $9.16B in fiscal 2012. Guarantor Subsidiaries was the largest at $5.96B (60.7%), ahead of Non-Guarantor Subsidiaries at $3.86B (39.3%).
Compared with fiscal 2012, Non-Guarantor Subsidiaries grew 14.1% to $3.86B and Guarantor Subsidiaries grew 3.0% to $5.96B.
Regional Operations was MGM Resorts International’s largest product and service line in fiscal 2021, bringing in $3.70B of $7.40B (50%).
| Product and Service | FY 2009 | FY 2012 | FY 2013 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Reportable Segments | — | — | — | — | |||||
| Total Revenues, Net | — | — | — | — | |||||
| Mgm China | $4.65B | $5.52B | $1.22B | $1.28B | |||||
| Las Vegas Strip Resorts | $1.41B | $1.86B | $1.20B | $2.42B | |||||
| Regional Operations | $2.03B | $811.00M | $1.75B | $3.70B | |||||
| Corporate & Other | — | — | — | — | |||||
| Total | $8.08B | $8.19B | $4.18B | $7.40B |
MGM Resorts International brought in $7.40B from its three product and service lines in fiscal 2021, the year ended December 31, 2021. That was up 77.2% from $4.18B in fiscal 2020. Regional Operations was the largest at $3.70B (50.0%), ahead of Las Vegas Strip Resorts at $2.42B (32.7%) and Mgm China at $1.28B (17.3%).
Compared with fiscal 2020, Regional Operations grew fastest, up 111.0% to $3.70B. Every line above 2% of revenue grew. From fiscal 2018 to 2021, combined revenue from these lines fell from $8.08B to $7.40B, a compound annual decline of 2.9%. Regional Operations' share of the total rose from 25.1% to 50.0%.
MGM Resorts International (MGM) reports its revenue by geography, by legal entity and by product and service. In fiscal 2025, United States was its largest region, bringing in $12.41B (70.8% of the total), followed by China at $4.46B (25.5%).
United States was MGM Resorts International's largest region in fiscal 2025, bringing in $12.41B, or 70.8% of the $17.54B total across its three regions.
Guarantor Subsidiaries was MGM Resorts International's largest revenue line in fiscal 2013, bringing in $5.96B, or 60.7% of the $9.81B total across its two revenue lines.
Regional Operations was MGM Resorts International's largest product and service line in fiscal 2021, bringing in $3.70B, or 50.0% of the $7.40B total across its three product and service lines.
Among MGM Resorts International's regions that make up at least 2% of revenue, Other grew fastest in fiscal 2025, up 19.2% from $555.23M to $661.96M.
Every figure comes from MGM Resorts International's annual financial filings, as reported. Each line keeps the name MGM Resorts International gives it, and years follow its fiscal calendar.
MGM Resorts International's revenue by geography goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.