Filing Flows › MGM Resorts International (MGM) › Q2 2026
MGM Resorts International (MGM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
MGM Resorts International (MGM) reported revenue of $4.5B for the second quarter 2026 (Q2 2026), +1% from a year earlier and -0.1% from the quarter before. Operating margin was 11.3%, net earnings $292M (6.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | -0.1% | +1% |
| Operating profit | $504M | +67% | +24% |
| Net earnings | $292M | +134% | +497% |
| Operating cash flow | $559M | -2% | -13% |
| Free cash flow | $317M | -23% | -16% |
What changed
Revenue was $4.5B in Q2 2026, up 1% year over year and roughly flat from the previous quarter. Casino was the largest line at 54% of revenue. Casino added $0.05B year over year (up 2%), 116% of the total change. Entertainment, retail and other declined 5%.
Operating profit was $0.50B, a 11.3% margin (up 2.1 points year over year). Of the extra revenue versus Q2 2025, 215% reached operating profit, above the 9% margin then. Total costs fell 1% while revenue rose 1%. Net earnings were $0.29B, up 497% year over year. The effective tax rate was 21.9%.
Operating cash flow was $0.56B (down 13% year over year), 173% 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 used $0.06B. Capital expenditures of $0.24B left free cash flow of $0.32B.
Questions
What was MGM Resorts International's revenue in the second quarter 2026?
MGM Resorts International (MGM) reported revenue of $4.5B for the second quarter 2026 (Q2 2026), +1% from a year earlier and -0.1% from the quarter before.
Was MGM Resorts International profitable in the second quarter 2026?
Operating profit was $504M (11.3% of revenue) and net earnings $292M.