Melco Resorts & Entertainment Limited (MLCO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q1'21 |
|---|
| Sales/Revenue | 1.29B | 1.31B | 1.33B | 1.23B | 1.19B | 1.18B | 1.16B | 1.11B | 1.09B | 1.02B | 947.94M | 716.48M | 337.09M | 241.84M | 296.11M | 474.94M | 480.61M | 446.39M | 566.44M | 518.92M |
| Revenue Growth % | 8.59% | 11.43% | 14.54% | 10.78% | 8.91% | 15.52% | 22.33% | 55.26% | 224.43% | 320.62% | 220.13% | 50.86% | -29.86% | -45.82% | -47.72% | -8.47% | -8.98% | 109.67% | 222.12% | -36.03% |
| Cost of Goods Sold | 818.9M | 801.08M | 871.25M | 773.17M | 778.62M | 742.45M | 741.66M | 710.37M | 899.34M | 632.68M | 602.34M | 458.2M | 304.86M | 207.79M | 251.63M | 358.76M | 328.02M | 337.52M | 414.64M | 411.59M |
| COGS % of Revenue | 63.32% | 61.17% | 65.6% | 62.74% | 65.37% | 63.18% | 63.96% | 63.86% | 82.24% | 62.2% | 63.54% | 63.95% | 90.44% | 85.92% | 84.98% | 75.54% | 68.25% | 75.61% | 73.2% | 79.32% |
| Gross Profit | 474.37M | 508.43M | 456.96M | 459.14M | 412.4M | 432.69M | 417.99M | 402.04M | 194.27M | 384.54M | 345.6M | 258.28M | 32.22M | 34.05M | 44.48M | 116.19M | 152.59M | 108.87M | 151.79M | 107.33M |
| Gross Margin % | 36.68% | 38.83% | 34.4% | 37.26% | 34.63% | 36.82% | 36.04% | 36.14% | 17.76% | 37.8% | 36.46% | 36.05% | 9.56% | 14.08% | 15.02% | 24.46% | 31.75% | 24.39% | 26.8% | 20.68% |
| Gross Profit Growth % | 15.03% | 17.5% | 9.32% | 14.2% | 112.28% | 12.52% | 20.95% | 55.66% | 502.88% | 1029.37% | 676.94% | 122.29% | -78.88% | -68.73% | -70.7% | 8.26% | 28.54% | 502.25% | 292.23% | -39.31% |
| Operating Expenses | 327.98M | 323.91M | 332.31M | 314.27M | 315.44M | 294.1M | 294.25M | 276.69M | 288.66M | 289.84M | 281.31M | 257.92M | 231.71M | 232.59M | 253.66M | 252.09M | 256.95M | 291.1M | 279.85M | 270.12M |
| OpEx % of Revenue | 25.36% | 24.74% | 25.02% | 25.5% | 26.48% | 25.03% | 25.37% | 24.87% | 26.39% | 28.49% | 29.68% | 36% | 68.74% | 96.18% | 85.67% | 53.08% | 53.46% | 65.21% | 49.41% | 52.05% |
| Selling, General & Admin | 192.08M | 185.61M | 158.49M | 154.95M | 156.85M | 140.51M | 144.39M | 126.95M | 129.35M | 130.45M | 118.33M | 110M | 120.74M | 98.82M | 102.44M | 101.22M | 100.01M | 112.01M | 106.23M | 108.16M |
| SG&A % of Revenue | 14.85% | 14.17% | 11.93% | 12.57% | 13.17% | 11.96% | 12.45% | 11.41% | 11.83% | 12.82% | 12.48% | 15.35% | 35.82% | 40.86% | 34.6% | 21.31% | 20.81% | 25.09% | 18.75% | 20.84% |
| Research & Development | 0 | 0 | 1.85M | 3.42M | 1.89M | 1.47M | 1.93M | 138K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.3M | 24.65M | 3.81M | 3.52M |
| R&D % of Revenue | - | - | 0.14% | 0.28% | 0.16% | 0.13% | 0.17% | 0.01% | - | - | - | - | - | - | - | - | -0.27% | 5.52% | 0.67% | 0.68% |
| 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 | 146.39M | 184.51M | 124.66M | 144.87M | 96.96M | 138.59M | 123.74M | 125.35M | -94.38M | 94.7M | 64.28M | 355K | -199.48M | -198.55M | -209.18M | -135.9M | -104.36M | -182.23M | -128.06M | -162.8M |
| Operating Margin % | 11.32% | 14.09% | 9.39% | 11.76% | 8.14% | 11.79% | 10.67% | 11.27% | -8.63% | 9.31% | 6.78% | 0.05% | -59.18% | -82.1% | -70.64% | -28.61% | -21.72% | -40.82% | -22.61% | -31.37% |
| Operating Income Growth % | 50.98% | 33.14% | 0.74% | 15.57% | 202.73% | 46.34% | 92.48% | 35209.86% | 52.69% | 147.7% | 130.73% | 100.26% | -91.14% | -8.95% | -63.35% | 16.52% | 27.94% | 33.74% | 65.46% | -8.58% |
| EBITDA | 281.77M | 319.9M | 258.58M | 275.29M | 231.33M | 274.44M | 258.25M | 262.15M | 50.36M | 235.37M | 200.81M | 121.81M | -77.61M | -76.5M | -72.45M | 5.39M | 39.76M | -34.56M | 18.89M | -21.7M |
| EBITDA Margin % | 21.79% | 24.43% | 19.47% | 22.34% | 19.42% | 23.35% | 22.27% | 23.57% | 4.6% | 23.14% | 21.18% | 17% | -23.02% | -31.63% | -24.47% | 1.14% | 8.27% | -7.74% | 3.33% | -4.18% |
| EBITDA Growth % | 21.81% | 16.56% | 0.13% | 5.01% | 359.38% | 16.6% | 28.6% | 115.2% | 164.89% | 407.67% | 377.17% | 2157.91% | -295.18% | -121.35% | -483.55% | 124.87% | 1357.59% | 71.55% | 108.76% | -275.84% |
| D&A (Non-Cash Add-back) | 135.38M | 135.38M | 133.92M | 130.42M | 134.37M | 135.85M | 134.51M | 136.8M | 144.74M | 140.67M | 136.53M | 121.46M | 121.88M | 122.05M | 136.73M | 141.29M | 144.13M | 147.67M | 146.95M | 141.1M |
| EBIT | 148.26M | 175.11M | 139.14M | 151.87M | 84.82M | 138.99M | 128.12M | 128.44M | -83.22M | 96.35M | 71.29M | 6.06M | -188.74M | -190.85M | -202.83M | -132.78M | -101.76M | -181.94M | -133.13M | -186.2M |
| Net Interest Income | -113.62M | -112.2M | -118.09M | -118.71M | -116.61M | -119.73M | -119M | -121.28M | -124.68M | -126.16M | -119.52M | -103.1M | -96.19M | -86.69M | -86.34M | -87.44M | -85.07M | -89.28M | -89.5M | -91.1M |
| Interest Income | 2.87M | 1.06M | 1.69M | 2.88M | 3.17M | 3.77M | 4.29M | 4.54M | 5.47M | 6.06M | 4.98M | 6.79M | 9.43M | 8.81M | 7.22M | 990K | 1.46M | 1.58M | 1.56M | 2.02M |
| Interest Expense | 116.49M | 113.26M | 120.2M | 121.59M | 119.77M | 123.5M | 123.3M | 125.82M | 130.15M | 132.22M | 124.5M | 109.89M | 105.62M | 95.5M | 93.56M | 88.43M | 86.53M | 90.86M | 91.06M | 93.13M |
| Other Income/Expense | -114.62M | -121.61M | -103.4M | -112.51M | -131.91M | -121.03M | -116.93M | -121.11M | -117.63M | -129.48M | -116.5M | -103.26M | -93.93M | -86.05M | -84.88M | -83.97M | -82.84M | -87.1M | -92.14M | -114.05M |
| Pretax Income | 31.77M | 62.91M | 21.25M | 32.36M | -34.95M | 17.55M | 6.8M | 4.24M | -212.01M | -34.77M | -52.22M | -102.9M | -293.41M | -284.59M | -294.06M | -219.87M | -187.21M | -269.33M | -220.19M | -276.85M |
| Pretax Margin % | 2.46% | 4.8% | 1.6% | 2.63% | -2.93% | 1.49% | 0.59% | 0.38% | -19.39% | -3.42% | -5.51% | -14.36% | -87.04% | -117.68% | -99.31% | -46.29% | -38.95% | -60.34% | -38.87% | -53.35% |
| Income Tax | -14.53M | 845K | 11.9M | 4.61M | 4.96M | 4.86M | 8.09M | 3.69M | 14.72M | 2.02M | -1.07M | -2.24M | 618K | 2.03M | 617K | 1.97M | 2.73M | -837K | 327K | 664K |
| Effective Tax Rate % | -45.73% | 1.34% | 55.98% | 14.25% | -14.2% | 27.7% | 118.92% | 87.04% | -6.94% | -5.81% | 2.06% | 2.18% | -0.21% | -0.71% | -0.21% | -0.9% | -1.46% | 0.31% | -0.15% | -0.24% |
| Net Income | 60.63M | 74.69M | 17.19M | 32.53M | -20.27M | 27.26M | 21.39M | 15.17M | -205.89M | -16.3M | -23.44M | -81.29M | -251.94M | -243.84M | -251.46M | -183.28M | -159.94M | -233.22M | -185.69M | -232.91M |
| Net Margin % | 4.69% | 5.7% | 1.29% | 2.64% | -1.7% | 2.32% | 1.84% | 1.36% | -18.83% | -1.6% | -2.47% | -11.35% | -74.74% | -100.83% | -84.92% | -38.59% | -33.28% | -52.25% | -32.78% | -44.88% |
| Net Income Growth % | 399.08% | 174.01% | -19.63% | 114.45% | 90.15% | 267.19% | 191.25% | 118.66% | 18.28% | 93.31% | 90.68% | 55.65% | -57.53% | -4.55% | -35.42% | 21.31% | 19.93% | 29.66% | 49.56% | 36.02% |
| Net Income (Continuing) | 46.29M | 62.06M | 9.36M | 27.75M | -39.91M | 12.69M | -1.29M | 550K | -226.73M | -36.8M | -51.14M | -100.66M | -294.03M | -286.62M | -294.67M | -221.84M | -189.94M | -268.49M | -220.52M | -277.51M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 342.97M | 357.24M | 354.74M | 378.57M | 386.5M | 404.18M | 410.44M | 430.01M | 447.23M | 463.11M | 482.68M | 508.1M | 535.96M | 565.86M | 611.64M | 662.04M | 575.14M | 609.35M | 650.73M | 682.62M |
| EPS (Diluted) | 0.15 | 0.19 | 0.04 | 0.08 | -0.05 | 0.06 | 0.05 | 0.03 | -0.42 | -0.04 | -0.05 | -0.23 | -0.66 | -0.62 | -0.62 | -0.39 | -0.34 | -0.49 | -0.39 | -0.49 |
| EPS Growth % | 410.56% | 201.59% | -15.23% | 126.09% | 88.5% | 268.9% | 190.67% | 115% | 36.36% | 93.98% | 91.35% | 41.03% | -94.12% | -26.53% | -58.97% | 20.41% | 19.05% | 30% | 49.35% | -308.33% |
| EPS (Basic) | 0.15 | 0.19 | 0.04 | 0.08 | -0.05 | 0.06 | 0.05 | 0.03 | -0.42 | -0.04 | -0.05 | -0.23 | -0.66 | -0.62 | -0.62 | -0.39 | -0.34 | -0.49 | -0.39 | -0.49 |
| Diluted Shares Outstanding | 395.07M | 394.71M | 417.65M | 417.65M | 419.71M | 431.92M | 440.75M | 439.61M | 437.09M | 437.09M | 436.79M | 441.91M | 445.09M | 462.24M | 473.81M | 474.06M | 476.18M | 479.22M | 479.27M | 477.43M |
| Basic Shares Outstanding | 390.68M | 395.16M | 416.61M | 416.61M | 419.71M | 431.65M | 440.17M | 437.09M | 437.09M | 437.09M | 436.79M | 441.91M | 445.09M | 462.24M | 473.81M | 473.6M | 475.53M | 479.22M | 479.27M | 477.43M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |