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MGM Resorts International (MGM) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · MGM Resorts International (MGM) Q3 2026 earnings results →
Q3 2026 Revenue down 1% year over year to $4.2B · 1¢ of every $1 of revenue kept as net profit · operating margin 2.8%
MGM Resorts International made $4.2B in Q3 2026 (-0.9% Y/Y): Casino $2.3B, Rooms $763M, Food and beverage $741M. Operating margin 2.8%, net earnings $39.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $4.2B in Q3 2026, down 1% year over year and down 5% from the previous quarter. Casino was the largest line at 55% of revenue. Rooms lost $0.03B year over year (down 4%), 84% of the total change.
Operating profit was $0.12B, a 2.8% margin (up 5.5 points year over year). Total costs fell 6% while revenue fell 1%. Net earnings were −$0.02B. The effective tax rate was -79.1%.
Operating cash flow was $0.53B (down 22% year over year), 1358% of net income including minority interests. Non-cash charges added back $0.28B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.20B. Capital expenditures of $0.22B left free cash flow of $0.31B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 28, 2026 | $4.2B | -0.9% | 2.8% | $39.2M | $532M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $4.5B | +1% | 11.3% | $292M | $559M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $4.5B | +4% | 6.8% | $125M | $568M |
| Q4 2025 | 10-K | Feb 11, 2026 | $4.6B | +6% | 7.1% | $294M | $655M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $4.3B | +2% | -2.7% | −$207M | $681M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $4.4B | +2% | 9.2% | $49.0M | $646M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $4.3B | -2% | 9.0% | $149M | $547M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- VICI — 38% of the supplier’s revenue · Stated in 10-K (XBRL) · source
- Vici Properties L.P. — 38% of the supplier’s revenue · Stated in 10-K (XBRL) · source
About MGM Resorts International
MGM Resorts International is referred to as the “Company,” “MGM Resorts,” or the “Registrant,” and together with its subsidiaries may also be referred to as “we,” “us” or “our.” MGM Resorts International is a Delaware corporation incorporated in 1986 that acts largely as a holding company and, through subsidiaries, is a global gaming and entertainment company with domestic and international locations featuring best-in-class hotels and casinos, state-of-the-art meeting and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings, as well as sports betting and online gaming operations.
In its own words, from its 10-K, filed Feb 11, 2026.
MGM Resorts International against its Hotels & Motels peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.9% against the peers' median +2%. Operating margin: 2.8% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MGM MGM Resorts International | Q3 2026 | $4.2B | -0.9% | 2.8% |
| MAR Marriott International | Q3 2026 | $7.0B | +8% | 18.2% |
| HLT Hilton Worldwide Holdings | Q3 2026 | $3.3B | +7% | 27.3% |
| LVS Las Vegas Sands | Q3 2026 | $3.2B | -4% | 19.2% |
| CZR Caesars Entertainment | Q3 2026 | $2.9B | +2% | 15.5% |
| PENN Penn Entertainment | Q3 2026 | $1.8B | +7% | 6.9% |
| H Hyatt Hotels | Q3 2026 | $1.7B | -2% | 4.5% |
| WYNN Wynn Resorts | Q3 2026 | $1.7B | -8% | 10.6% |
| TNL Travel & Leisure | Q3 2026 | $1.1B | +6% | 17.7% |
Source: MGM Resorts International 10-Q on SEC EDGAR · CIK 789570 · Hotels & Motels
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- MGM Resorts International operating margin by quarter
- MGM Resorts International net income by quarter
- MGM Resorts International free cash flow by quarter
- MGM Resorts International capital expenditures by quarter
- MGM Resorts International Casino revenue by quarter
- MGM Resorts International Rooms revenue by quarter
- MGM Resorts International Food and beverage revenue by quarter