Filing Flows › MGM Resorts International (MGM) › Q2 2026 › vs Q1 2026
MGM Resorts International (MGM) Q2 2026 vs Q1 2026 (quarter over quarter)
MGM Resorts International's revenue fell $3.7M (-0.1%) from $4.5B in Q1 2026 to $4.5B in Q2 2026. The biggest changes: Rooms −$18.7M (-2%); Entertainment, retail and other +$13.2M (+3%); Casino +$4.3M (+0.2%). Operating margin 11.3% against 6.8% (+4.6 pts).
MGM Resorts International, Q2 2026: revenue $4.5B (+1% year over year), operating margin 11.3%, net earnings $292M, operating cash flow $559M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.3% | 6.8% | +4.6 pts |
| Net margin | 6.6% | 2.8% | +3.8 pts |
| Free cash flow margin | 7.1% | 9.3% | -2.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Casino | $2.4B | $2.4B | $4.3M | +0.2% |
| Rooms | $849M | $868M | −$18.7M | -2% |
| Food and beverage | $802M | $805M | −$2.5M | -0.3% |
| Entertainment, retail and other | $416M | $403M | $13.2M | +3% |
| Revenue | $4.5B | $4.5B | −$3.7M | -0.1% |
| Operating profit | $504M | $301M | $202M | +67% |
| Costs & expenses | $3.9B | $4.2B | −$206M | -5% |
| Pre-tax earnings | $414M | $202M | $211M | +104% |
| Other expense, net | $90.1M | $99.0M | −$8.9M | -9% |
| SG&A | $1.3B | $1.3B | −$19.6M | -2% |
| Other operating costs | $2.7B | $2.9B | −$187M | -6% |
| Net earnings | $292M | $125M | $167M | +134% |
| Minority interests | $30.4M | $49.7M | −$19.3M | -39% |
| Income tax | $90.7M | $27.5M | $63.3M | +230% |
| Depreciation & amortization | $282M | $264M | $18.6M | +7% |
| Share-based compensation | $15.7M | $35.1M | −$19.5M | -55% |
| Working capital & other | $31.6M | −$144M | $175M | — |
| Operating cash flow | $559M | $568M | −$9.0M | -2% |
| Free cash flow (OCF − capex) | $317M | $413M | −$95.7M | -23% |
| Capital expenditures | $241M | $155M | $86.7M | +56% |
Questions
How much did MGM Resorts International's revenue grow quarter over quarter in Q2 2026?
MGM Resorts International's revenue fell $3.7M (-0.1%) from $4.5B in Q1 2026 to $4.5B in Q2 2026.
What drove MGM Resorts International's revenue change in Q2 2026?
Rooms −$18.7M (-2%); Entertainment, retail and other +$13.2M (+3%); Casino +$4.3M (+0.2%).