Filing Flows › MGM Resorts International (MGM) › Q3 2026 › vs Q2 2026
MGM Resorts International (MGM) Q3 2026 vs Q2 2026 (quarter over quarter)
MGM Resorts International's revenue fell $239M (-5%) from $4.5B in Q2 2026 to $4.2B in Q3 2026. The biggest changes: Rooms −$86.1M (-10%); Casino −$78.8M (-3%); Food and beverage −$60.9M (-8%). Operating margin 2.8% against 11.3% (-8.5 pts).
MGM Resorts International, Q3 2026: revenue $4.2B (-0.9% year over year), operating margin 2.8%, net earnings $39.2M, operating cash flow $532M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 2.8% | 11.3% | -8.5 pts |
| Net margin | 0.9% | 7.3% | -6.3 pts |
| Free cash flow margin | 7.4% | 7.1% | +0.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Casino | $2.3B | $2.4B | −$78.8M | -3% |
| Rooms | $763M | $849M | −$86.1M | -10% |
| Food and beverage | $741M | $802M | −$60.9M | -8% |
| Entertainment, retail and other | $403M | $416M | −$13.3M | -3% |
| Revenue | $4.2B | $4.5B | −$239M | -5% |
| Operating profit | $119M | $504M | −$385M | -76% |
| Costs & expenses | $4.1B | $3.9B | $146M | +4% |
| Pre-tax earnings | $21.9M | $414M | −$392M | -95% |
| Other expense, net | $96.8M | $90.1M | $6.7M | +7% |
| SG&A | $1.2B | $1.3B | −$34.8M | -3% |
| Other operating costs | $2.9B | $2.7B | $181M | +7% |
| Income tax benefit | $17.3M | −$90.7M | $108M | — |
| Net earnings | $39.2M | $323M | −$284M | -88% |
| Depreciation & amortization | $276M | $282M | −$5.9M | -2% |
| Share-based compensation | $15.0M | $15.7M | −$650K | -4% |
| Working capital & other | $202M | −$62.0M | $264M | — |
| Operating cash flow | $532M | $559M | −$26.4M | -5% |
| Free cash flow (OCF − capex) | $311M | $317M | −$6.6M | -2% |
| Capital expenditures | $222M | $241M | −$19.7M | -8% |
Questions
How much did MGM Resorts International's revenue grow quarter over quarter in Q3 2026?
MGM Resorts International's revenue fell $239M (-5%) from $4.5B in Q2 2026 to $4.2B in Q3 2026.
What drove MGM Resorts International's revenue change in Q3 2026?
Rooms −$86.1M (-10%); Casino −$78.8M (-3%); Food and beverage −$60.9M (-8%).