MGM Resorts (MGM) financials
MGM Resorts revenue and earnings by year
MGM Resorts's revenue was $17.5 billion in the fiscal year to December 31, 2025, up 1.7% from the year before. Net income was $206 million, 1.2% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.5 | 17.2 | 16.2 | 13.1 | 9.7 | 5.2 | 12.9 | 11.8 | 10.8 | 9.5 |
| Revenue growth | 1.7% | 6.7% | 23.1% | 35.6% | 87.5% | -60.0% | 9.7% | 8.9% | 13.9% | — |
| Gross profit | 7.8 | 7.8 | 7.6 | 6.5 | 4.6 | 1.7 | 5.3 | 4.8 | 4.6 | 4.0 |
| Gross margin | 44.4% | 45.5% | 47.1% | 49.3% | 48.0% | 33.1% | 41.1% | 41.2% | 42.6% | 41.7% |
| Operating income | 0.9 | 1.6 | 2.0 | 1.6 | 2.2 | -0.7 | 3.8 | 1.3 | 1.6 | 1.5 |
| Operating margin | 5.3% | 9.2% | 12.1% | 12.2% | 22.7% | -13.3% | 29.6% | 11.2% | 14.5% | 16.4% |
| Net income | 0.2 | 0.7 | 1.1 | 1.5 | 1.3 | -1.0 | 2.0 | 0.5 | 2.0 | 1.1 |
| Net margin | 1.2% | 4.3% | 7.1% | 11.2% | 13.0% | -20.0% | 15.9% | 4.0% | 18.1% | 11.6% |
| Diluted EPS | $0.76 | $2.40 | $3.19 | $3.49 | $2.41 | -$2.02 | $3.96 | $0.79 | $3.37 | $1.91 |
| Free cash flow | 1.5 | 1.2 | 2.2 | 1.4 | 1.0 | -1.8 | 1.1 | 0.3 | 0.3 | -0.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MGM in Markets.
See also: MGM valuation and P/E history · MGM returns
No forecast, no recommendation. This page describes MGM Resorts from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.