Filing Flows › MGM Resorts International (MGM) › Q2 2026 › vs Q2 2025
MGM Resorts International (MGM) Q2 2026 vs Q2 2025 (year over year)
MGM Resorts International's revenue rose $46.1M (+1%) from $4.4B in Q2 2025 to $4.5B in Q2 2026. The biggest changes: Casino +$53.4M (+2%); Food and beverage +$24.2M (+3%); Entertainment, retail and other −$20.2M (-5%). Operating margin 11.3% against 9.2% (+2.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.3% | 9.2% | +2.1 pts |
| Net margin | 6.6% | 1.1% | +5.5 pts |
| Free cash flow margin | 7.1% | 8.6% | -1.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Casino | $2.4B | $2.3B | $53.4M | +2% |
| Rooms | $849M | $860M | −$11.3M | -1% |
| Food and beverage | $802M | $778M | $24.2M | +3% |
| Entertainment, retail and other | $416M | $436M | −$20.2M | -5% |
| Revenue | $4.5B | $4.4B | $46.1M | +1% |
| Operating profit | $504M | $405M | $99.1M | +24% |
| Costs & expenses | $3.9B | $4.0B | −$52.9M | -1% |
| Pre-tax earnings | $414M | $134M | $280M | +209% |
| Other expense, net | $90.1M | $271M | −$181M | -67% |
| SG&A | $1.3B | $1.2B | $49.6M | +4% |
| Other operating costs | $2.7B | $2.8B | −$103M | -4% |
| Net earnings | $292M | $49.0M | $243M | +497% |
| Minority interests | $30.4M | $69.1M | −$38.8M | -56% |
| Income tax | $90.7M | $15.7M | $75.1M | +479% |
| Depreciation & amortization | $282M | $242M | $40.3M | +17% |
| Share-based compensation | $15.7M | $16.5M | −$785K | -5% |
| Working capital & other | $31.6M | −$338M | $370M | — |
| Operating cash flow | $559M | $646M | −$87.1M | -13% |
| Free cash flow (OCF − capex) | $317M | $377M | −$60.0M | -16% |
| Capital expenditures | $241M | $268M | −$27.1M | -10% |
Questions
How much did MGM Resorts International's revenue grow year over year in Q2 2026?
MGM Resorts International's revenue rose $46.1M (+1%) from $4.4B in Q2 2025 to $4.5B in Q2 2026.
What drove MGM Resorts International's revenue change in Q2 2026?
Casino +$53.4M (+2%); Food and beverage +$24.2M (+3%); Entertainment, retail and other −$20.2M (-5%).