MGM Resorts International (MGM) Financial Statements
Industry: Hotels & Motels
In fiscal 2025, MGM Resorts International reported revenue of $17.54B, up 1.7% from $17.24B the year before. Net income was $205.9M (a 1.2% net margin), or $0.76 per diluted share. Gross margin was 5.3% and operating margin was 5.7%. Operating activities generated $2.53B of cash, leaving $1.46B of free cash flow. At fiscal year end, MGM Resorts International held $41.37B in total assets against $38.10B in total liabilities, including $2.06B of cash and equivalents.
Open the full interactive MGM Resorts International financials → Quarterly statements, key ratios, valuation history and price charts.
MGM Resorts International Key Stats
| Share Price | $29.40 |
|---|---|
| Market Cap | $7.58B |
| P/E Ratio | 38.7 |
| Revenue YoY Growth | +1.7% |
| 52-Week Range | $29.27 – $50.69 |
| Shares Outstanding | 254.0 million (basic, 2026 Q2) |
MGM Resorts International Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $5.16B | $9.68B | $13.13B | $16.16B | $17.24B | $17.54B |
| Cost of Goods Sold | $5.85B | $7.49B | $11.53B | $14.21B | $15.66B | $16.61B |
| Gross Profit | -$685.4M | $2.19B | $1.60B | $1.95B | $1.58B | $931.8M |
| Operating Income | -$642.4M | $2.28B | $1.44B | $1.89B | $1.49B | $1.00B |
| Pre-Tax Income | -$1.51B | $1.46B | $903.8M | $1.47B | $1.12B | $280.8M |
| Income Tax | -$191.6M | $253.4M | $697.1M | $157.8M | $52.5M | -$240.1M |
| Net Income | -$1.03B | $1.25B | $1.47B | $1.14B | $746.6M | $205.9M |
| Diluted EPS | -$2.02 | $2.41 | $3.49 | $3.19 | $2.40 | $0.76 |
MGM Resorts International Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.25B | $4.61B | $4.45B | $4.45B |
| Net Income | -$285.3M | $293.6M | $125.1M | $292.4M |
| Diluted EPS | -$1.05 | $1.06 | $0.48 | $1.11 |
MGM Resorts International Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.10B | $4.70B | $5.91B | $2.93B | $2.42B | $2.06B |
| Current Assets | $5.95B | $6.42B | $8.15B | $4.91B | $4.36B | $4.33B |
| Total Assets | $36.49B | $40.90B | $45.69B | $42.37B | $42.23B | $41.37B |
| Current Liabilities | $1.86B | $3.44B | $4.52B | $3.13B | $3.35B | $3.51B |
| Total Long-Term Debt | $12.38B | $12.77B | $8.72B | $6.34B | $6.36B | $6.23B |
| Total Liabilities | $29.99B | $34.83B | $40.86B | $38.56B | $38.51B | $38.10B |
| Shareholders' Equity | $6.50B | $6.07B | $4.83B | $3.81B | $3.02B | $2.43B |
MGM Resorts International Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$1.49B | $1.37B | $1.76B | $2.69B | $2.36B | $2.53B |
| Cash From Investing | $2.16B | $1.54B | $2.12B | -$714.2M | -$1.28B | -$1.14B |
| Cash From Financing | $2.10B | -$2.81B | -$3.02B | -$5.00B | -$1.56B | -$1.73B |
| Free Cash Flow | -$1.76B | $882.7M | $991.4M | $1.76B | $1.21B | $1.46B |
Figures from MGM Resorts International's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full MGM Resorts International financials page for every line item.
MGM Resorts International Company Profile
| Ticker | MGM |
|---|---|
| Exchange | NYSE |
| Industry | Hotels & Motels |
| Headquarters | Las Vegas, Nevada |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000789570 |
Frequently Asked Questions
What was MGM Resorts International's revenue in fiscal 2025?
MGM Resorts International (MGM) reported revenue of $17.54B for fiscal 2025.
What is MGM Resorts International's annual revenue history?
MGM Resorts International's annual revenue by fiscal year: 2020: $5.16B; 2021: $9.68B; 2022: $13.13B; 2023: $16.16B; 2024: $17.24B; 2025: $17.54B.
What was MGM Resorts International's net income in fiscal 2025?
MGM Resorts International reported net income of $205.9M for fiscal 2025.
What was MGM Resorts International's earnings per share (EPS) in fiscal 2025?
MGM Resorts International's diluted EPS was $0.76 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did MGM Resorts International generate in fiscal 2025?
MGM Resorts International generated $1.46B of free cash flow in fiscal 2025.
What was MGM Resorts International's revenue last quarter?
In its most recent reported quarter (2026 Q2), MGM Resorts International reported revenue of $4.45B.
How much debt does MGM Resorts International have?
MGM Resorts International reported $6.23B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of MGM Resorts International are outstanding?
MGM Resorts International reported a weighted average of 254.0 million basic shares outstanding in 2026 Q2.
What is MGM Resorts International's market cap?
Based on its latest closing price, MGM Resorts International (MGM) has a market capitalization of about $7.58B.
When does MGM Resorts International's fiscal year end?
MGM Resorts International's fiscal year end, as registered with the SEC, is December 31.
Where is MGM Resorts International headquartered?
MGM Resorts International lists its business address in Las Vegas, Nevada in its SEC filings.