MGM Resorts International (MGM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.45B | 4.61B | 4.25B | 4.4B | 4.28B | 4.35B | 4.18B | 4.33B | 4.38B | 4.41B | 3.96B | 3.94B | 3.87B | 3.59B | 3.42B | 3.25B | 2.85B | 3.06B | 2.62B | 2.19B |
| Revenue Growth % | 4.15% | 5.95% | 1.61% | 1.79% | -2.43% | -1.42% | 5.59% | 9.77% | 13.17% | 22.75% | 15.97% | 21.11% | 35.7% | 17.51% | 30.24% | 48.44% | 79.55% | 104.67% | 132.96% | 656.65% |
| Cost of Goods Sold | 2.46B | 2.58B | 2.4B | 2.45B | 2.32B | 2.39B | 2.32B | 2.32B | 2.36B | 2.41B | 2.09B | 2.08B | 2B | 1.85B | 1.72B | 1.6B | 1.47B | 1.56B | 1.31B | 1.07B |
| COGS % of Revenue | 55.32% | 55.97% | 56.58% | 55.52% | 54.24% | 55.09% | 55.34% | 53.69% | 53.86% | 54.64% | 52.65% | 52.86% | 51.55% | 51.58% | 50.37% | 49.15% | 51.49% | 51.2% | 49.85% | 48.82% |
| Gross Profit | 1.99B | 2.03B | 1.85B | 1.96B | 1.96B | 1.95B | 1.87B | 2B | 2.02B | 2B | 1.88B | 1.86B | 1.88B | 1.74B | 1.7B | 1.66B | 1.38B | 1.49B | 1.32B | 1.12B |
| Gross Margin % | 44.68% | 44.03% | 43.42% | 44.48% | 45.76% | 44.91% | 44.66% | 46.31% | 46.14% | 45.36% | 47.35% | 47.14% | 48.45% | 48.42% | 49.63% | 50.85% | 48.51% | 48.8% | 50.15% | 51.18% |
| Gross Profit Growth % | 1.69% | 3.88% | -1.2% | -2.23% | -3.24% | -2.4% | -0.41% | 7.85% | 7.79% | 14.99% | 10.63% | 12.28% | 35.53% | 16.59% | 28.9% | 47.47% | 92.3% | 155.96% | 231.82% | 1427.22% |
| Operating Expenses | 1.69B | 1.7B | 1.96B | 1.55B | 1.57B | 1.66B | 1.55B | 1.58B | 1.56B | 1.58B | 1.51B | 1.49B | 1.15B | 1.74B | 2.74B | -726.39M | 1.28B | 1.12B | -577.42M | 858.55M |
| OpEx % of Revenue | 37.91% | 36.98% | 46.08% | 35.3% | 36.76% | 38.2% | 37.13% | 36.48% | 35.69% | 35.85% | 38.01% | 37.72% | 29.58% | 48.47% | 80.25% | -22.32% | 44.8% | 36.74% | -22.01% | 39.15% |
| Selling, General & Admin | 1.42B | 1.26B | 1.24B | 1.21B | 1.16B | 1.24B | 1.18B | 1.21B | 1.19B | 1.23B | 1.19B | 1.14B | 1.14B | 1.21B | 1.21B | 1.03B | 776.84M | 747.35M | 623.27M | 590.21M |
| SG&A % of Revenue | 31.88% | 27.33% | 29.18% | 27.55% | 27.24% | 28.6% | 28.13% | 27.98% | 27.25% | 27.86% | 30.1% | 29.03% | 29.32% | 33.64% | 35.49% | 31.61% | 27.22% | 24.45% | 23.76% | 26.92% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.09M | 0 | 0 | 0 | 139K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | 0.03% | - | - | - | 0% | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K |
| Operating Income | 301.24M | 325.01M | -112.85M | 404.56M | 385.06M | 291.56M | 314.86M | 425.66M | 458.38M | 419.34M | 369.94M | 371.38M | 730.84M | -1.9M | -1.05B | 2.38B | 105.79M | 368.85M | 1.89B | 263.76M |
| Operating Margin % | 6.76% | 7.06% | -2.66% | 9.18% | 9% | 6.71% | 7.53% | 9.84% | 10.46% | 9.51% | 9.34% | 9.42% | 18.87% | -0.05% | -30.62% | 73.16% | 3.71% | 12.07% | 72.16% | 12.03% |
| Operating Income Growth % | -21.77% | 11.47% | -135.84% | -4.95% | -16% | -30.47% | -14.89% | 14.62% | -37.28% | 22217.3% | 135.37% | -84.41% | 590.85% | -100.51% | -155.26% | 802.89% | 142.88% | 201.45% | 482.24% | 125.5% |
| EBITDA | 564.97M | 603.67M | 147.87M | 646.54M | 621.5M | 500.79M | 548.19M | 617.63M | 654.94M | 624.64M | 571.76M | 574.88M | 934.34M | 1.42B | 359.55M | 2.75B | 394.43M | 665.88M | 2.17B | 547.38M |
| EBITDA Margin % | 12.68% | 13.11% | 3.48% | 14.68% | 14.53% | 11.52% | 13.1% | 14.27% | 14.94% | 14.17% | 14.43% | 14.58% | 24.12% | 39.52% | 10.53% | 84.42% | 13.82% | 21.78% | 82.81% | 24.96% |
| EBITDA Growth % | -9.1% | 20.54% | -73.03% | 4.68% | -5.11% | -19.83% | -4.12% | 7.44% | -29.9% | -56% | 59.02% | -79.08% | 136.89% | 113.21% | -83.45% | 401.97% | 799.26% | 1126.46% | 1181.66% | 174.44% |
| D&A (Non-Cash Add-back) | 263.73M | 278.66M | 260.72M | 241.97M | 236.44M | 209.23M | 233.33M | 191.98M | 196.56M | 205.3M | 201.83M | 203.5M | 203.5M | 1.42B | 1.41B | 366.25M | 288.64M | 297.03M | 279.4M | 283.63M |
| EBIT | 301.24M | 203.73M | -117.3M | 239.34M | 374.05M | 314.26M | 408.61M | 476.32M | 453.44M | 420.49M | 359.66M | 394.63M | 775.96M | 103.06M | -1.06B | 139.89M | 124.96M | 348.72M | 299.02M | 151.52M |
| Net Interest Income | -100.69M | -103.9M | -102.29M | -105.58M | -107.27M | -108.58M | -111.87M | -112.74M | -110.04M | -106.88M | -111.17M | -111.94M | -130.3M | -137.13M | -125.17M | -136.56M | -196.09M | -201.48M | -200.05M | -202.77M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 100.69M | 103.9M | 102.29M | 105.58M | 107.27M | 108.58M | 111.87M | 112.74M | 110.04M | 106.88M | 111.17M | 111.94M | 130.3M | 137.13M | 125.17M | 136.56M | 196.09M | 201.48M | 200.05M | 202.77M |
| Other Income/Expense | -98.99M | -118M | -106.73M | -270.81M | -118.27M | -85.88M | -18.12M | -154.41M | -114.98M | -99.25M | -145.61M | -88.69M | -85.18M | -32.18M | -140.48M | -185.99M | -176.92M | -221.61M | -272.71M | -138.63M |
| Pretax Income | 202.25M | 207M | -219.59M | 133.76M | 266.78M | 205.68M | 296.73M | 271.25M | 343.4M | 320.09M | 224.32M | 282.69M | 645.66M | -34.08M | -1.19B | 2.2B | -71.13M | 147.24M | 1.62B | 125.13M |
| Pretax Margin % | 4.54% | 4.49% | -5.17% | 3.04% | 6.24% | 4.73% | 7.09% | 6.27% | 7.83% | 7.26% | 5.66% | 7.17% | 16.67% | -0.95% | -34.73% | 67.45% | -2.49% | 4.82% | 61.76% | 5.71% |
| Income Tax | 27.46M | -87M | -12.86M | 15.66M | 40.05M | -32.23M | 52.57M | -11.55M | 43.67M | -59.52M | 12.44M | 39.14M | 165.78M | 285.94M | -125.37M | 572.84M | -36.34M | 31.15M | 282.13M | 34.83M |
| Effective Tax Rate % | 13.58% | -42.03% | 5.86% | 11.71% | 15.01% | -15.67% | 17.72% | -4.26% | 12.72% | -18.6% | 5.55% | 13.85% | 25.68% | -839.09% | 10.57% | 26.09% | 51.09% | 21.16% | 17.41% | 27.83% |
| Net Income | 125.14M | 294M | -285.25M | 48.95M | 148.55M | 157.43M | 184.58M | 187.07M | 217.48M | 313.46M | 161.12M | 200.8M | 466.81M | 284M | -576.83M | 1.78B | -18.02M | 131.01M | 1.35B | 104.75M |
| Net Margin % | 2.81% | 6.38% | -6.71% | 1.11% | 3.47% | 3.62% | 4.41% | 4.32% | 4.96% | 7.11% | 4.07% | 5.09% | 12.05% | 7.91% | -16.89% | 54.81% | -0.63% | 4.29% | 51.48% | 4.78% |
| Net Income Growth % | -15.76% | 86.75% | -254.54% | -73.83% | -31.69% | -49.78% | 14.56% | -6.83% | -53.41% | 10.37% | 127.93% | -88.74% | 2691.07% | 116.77% | -142.71% | 1602.99% | 94.57% | 129.27% | 352.54% | 112.22% |
| Net Income (Continuing) | 174.79M | 294M | -206.73M | 118.09M | 226.73M | 237.92M | 244.16M | 282.8M | 299.73M | 379.61M | 211.88M | 243.54M | 479.88M | -320.01M | -1.06B | 1.62B | -34.79M | 116.09M | 1.34B | 90.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 898.58M | 846.4M | 775.41M | 769.1M | 767.88M | 696.48M | 622.94M | 633.64M | 602.79M | 556.33M | 496M | 428.91M | 392.1M | 536.94M | 1.12B | 1.61B | 4.95B | 5.05B | 4.95B | 5.03B |
| EPS (Diluted) | 0.48 | 1.11 | -1.05 | 0.18 | 0.51 | 0.52 | 0.61 | 0.60 | 0.67 | 0.92 | 0.46 | 0.55 | 1.24 | 0.69 | -2.70 | 4.20 | -0.08 | 0.23 | 2.77 | 0.21 |
| EPS Growth % | -5.88% | 113.46% | -272.13% | -70% | -23.88% | -43.48% | 32.61% | 9.09% | -45.97% | 33.33% | 117.04% | -86.9% | 1677.61% | 200% | -197.47% | 1900% | 88.27% | 125.27% | 356.48% | 112.07% |
| EPS (Basic) | 0.49 | 1.11 | -1.05 | 0.18 | 0.52 | 0.52 | 0.61 | 0.60 | 0.68 | 0.93 | 0.46 | 0.56 | 1.25 | 0.69 | -2.71 | 4.24 | -0.08 | 0.23 | 2.81 | 0.21 |
| Diluted Shares Outstanding | 258.88M | 264.86M | 272.52M | 275.62M | 289.1M | 299.45M | 303.48M | 314.42M | 323.76M | 340.15M | 351.39M | 365.34M | 378.1M | 386.93M | 393.3M | 421.3M | 442.92M | 470.04M | 484.21M | 495.3M |
| Basic Shares Outstanding | 256.35M | 264.86M | 272.52M | 273.33M | 287.13M | 297.64M | 300.5M | 311.18M | 320.49M | 337.69M | 347.35M | 361.05M | 374.08M | 384.02M | 392.27M | 417.39M | 442.92M | 465.36M | 478.4M | 489.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.34% | - | 0.06% | - | 0.88% | 0.09% | 1.16% |