Saturday 31 October 2026 Export MGM’s income statement to Excel — free account

MGM Resorts International

MGM Resorts International’s revenue for fiscal 2025 (year ended December 2025) was $17.5 billion, up 1.72% from fiscal 2024. In the quarter to June 2026, revenue grew 1.05%, EPS grew 522.2%, free cash flow grew 118.4% and total debt fell 2.20%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years; insiders bought in the last twelve months.

29.86 1.03 +3.57%

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Market cap: $7.3B
P/E: 17.8×
Fwd P/E: 11.8×
Dividend yield: —
F-score: 6/9
Altman Z: 0.76
Beneish M: −2.73
Dividend safety: 42/100

Overview Business Profile Earnings & Analysis Segments Filings

MGM Resorts International (MGM) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Las Vegas Strip Resorts	8,442	48.13%
MGM China	4,462	25.44%
Regional Operations	3,772	21.51%
Other, not broken out	862	4.92%
Gross margin		44.42%
Operating margin		5.71%
Pre-tax margin		1.60%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Casino	9,451 53.89%	8,786 50.96%	8,088 50.04%	5,734 43.68%	5,363 55.40%	2,872 55.63%	6,518 50.53%	5,753 48.91%	5,016 46.46%	4,108 43.34%
Rooms	3,377 19.26%	3,682 21.35%	3,501 21.66%	3,057 23.29%	1,690 17.46%	830 16.09%	2,323 18.00%	2,213 18.81%	2,153 19.94%	2,003 21.13%
Food and beverage	3,046 17.37%	3,079 17.86%	2,891 17.89%	2,604 19.84%	1,392 14.38%	696 13.48%	2,145 16.63%	1,959 16.65%	1,872 17.34%	1,728 18.23%
Entertainment, retail and other	1,663 9.48%	1,695 9.83%	1,684 10.42%	1,732 13.19%	1,010 10.43%	519 10.05%	1,477 11.45%	1,413 12.01%	1,354 12.54%	1,242 13.11%
Reimbursed costs	—	—	—	—	226 2.34%	245 4.75%	437 3.39%	425 3.62%	402 3.72%	397 4.19%
Revenue	17,538	17,241	16,164	13,127	9,680	5,162	12,900	11,763	10,797	9,478

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Casino	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Food and beverage	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rooms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Entertainment, retail and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Reimbursed costs	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Las Vegas Strip Resorts	8,442 48.13%	8,816 51.14%	8,799 54.44%	8,398 63.98%	4,737 48.94%	2,246 43.51%	5,831 45.20%	5,717 48.60%	5,746 53.22%	5,665 59.77%	—	—	—	—	—
MGM China	4,462 25.44%	4,022 23.33%	3,154 19.51%	674 5.13%	1,211 12.51%	657 12.72%	2,905 22.52%	2,450 20.83%	1,858 17.21%	1,812 19.12%	2,215 24.10%	3,282 32.56%	3,317 33.81%	2,808 30.65%	1,535 19.56%
Regional Operations	3,772 21.51%	3,720 21.58%	3,670 22.71%	3,816 29.07%	3,392 35.04%	1,967 38.11%	3,550 27.52%	2,935 24.95%	2,710 25.10%	1,520 16.04%	—	—	—	—	—
Domestic Resorts	—	—	—	—	—	—	—	—	—	—	6,497 70.70%	6,342 62.91%	6,053 61.70%	5,933 64.76%	5,893 75.08%
Corporate and Other	—	—	—	—	—	—	—	—	—	—	—	—	—	—	421 5.37%
Other, not broken out	862 4.92%	682 3.95%	541 3.35%	240 1.83%	340 3.51%	292 5.66%	613 4.76%	662 5.63%	483 4.48%	481 5.08%	478 5.20%	458 4.54%	440 4.49%	420 4.59%	—
Reportable Segment [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	7,428
Revenue	17,538	17,241	16,164	13,127	9,680	5,162	12,900	11,763	10,797	9,478	9,190	10,082	9,810	9,161	7,849

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Corporate and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022
United States	12,412 70.77%	12,665 73.46%	12,577 77.81%	12,320 93.85%
China	4,464 25.45%	4,020 23.32%	3,154 19.51%	674 5.13%
Other	662 3.77%	555 3.22%	434 2.68%	133 1.02%
Revenue	17,538	17,241	16,164	13,127

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.