Filing Flows › MGM Resorts International (MGM) › Q3 2026 › vs Q3 2025
MGM Resorts International (MGM) Q3 2026 vs Q3 2025 (year over year)
MGM Resorts International's revenue fell $38.6M (-0.9%) from $4.3B in Q3 2025 to $4.2B in Q3 2026. The biggest changes: Rooms −$32.2M (-4%); Casino +$10.4M (+0.5%); Entertainment, retail and other −$9.6M (-2%). Operating margin 2.8% against -2.7% (+5.5 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 2.8% | -2.7% | +5.5 pts |
| Net margin | 0.9% | -4.9% | +5.8 pts |
| Free cash flow margin | 7.4% | 9.5% | -2.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Casino | $2.3B | $2.3B | $10.4M | +0.5% |
| Rooms | $763M | $795M | −$32.2M | -4% |
| Food and beverage | $741M | $749M | −$7.1M | -1% |
| Entertainment, retail and other | $403M | $413M | −$9.6M | -2% |
| Revenue | $4.2B | $4.3B | −$38.6M | -0.9% |
| Operating profit | $119M | −$113M | $232M | — |
| Costs & expenses | $4.1B | $4.4B | −$270M | -6% |
| Pre-tax earnings | $21.9M | −$220M | $241M | — |
| Other expense, net | $96.8M | $107M | −$9.9M | -9% |
| SG&A | $1.2B | $1.2B | −$11.7M | -0.9% |
| Other operating costs | $2.9B | $3.1B | −$258M | -8% |
| Income tax benefit | $17.3M | $12.9M | $4.5M | +35% |
| Net earnings | $39.2M | −$207M | $246M | — |
| Depreciation & amortization | $276M | $261M | $15.7M | +6% |
| Share-based compensation | $15.0M | $14.3M | $746K | +5% |
| Working capital & other | $202M | $613M | −$411M | -67% |
| Operating cash flow | $532M | $681M | −$149M | -22% |
| Free cash flow (OCF − capex) | $311M | $405M | −$94.6M | -23% |
| Capital expenditures | $222M | $276M | −$54.3M | -20% |
Questions
How much did MGM Resorts International's revenue grow year over year in Q3 2026?
MGM Resorts International's revenue fell $38.6M (-0.9%) from $4.3B in Q3 2025 to $4.2B in Q3 2026.
What drove MGM Resorts International's revenue change in Q3 2026?
Rooms −$32.2M (-4%); Casino +$10.4M (+0.5%); Entertainment, retail and other −$9.6M (-2%).