Filing Flows › MGM Resorts International (MGM) › Q3 2026
MGM Resorts International (MGM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
MGM Resorts International (MGM) reported revenue of $4.2B for the third quarter 2026 (Q3 2026), -0.9% from a year earlier and -5% from the quarter before. Operating margin was 2.8%, net earnings $39.2M (0.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | -5% | -0.9% |
| Operating profit | $119M | -76% | — |
| Net earnings | $39.2M | -88% | — |
| Operating cash flow | $532M | -5% | -22% |
| Free cash flow | $311M | -2% | -23% |
What changed
Revenue was $4.2B in Q3 2026, down 1% year over year and down 5% from the previous quarter. Casino was the largest line at 55% of revenue. Rooms lost $0.03B year over year (down 4%), 84% of the total change.
Operating profit was $0.12B, a 2.8% margin (up 5.5 points year over year). Total costs fell 6% while revenue fell 1%. Net earnings were −$0.02B. The effective tax rate was -79.1%.
Operating cash flow was $0.53B (down 22% year over year), 1358% 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 added $0.20B. Capital expenditures of $0.22B left free cash flow of $0.31B.
Questions
What was MGM Resorts International's revenue in the third quarter 2026?
MGM Resorts International (MGM) reported revenue of $4.2B for the third quarter 2026 (Q3 2026), -0.9% from a year earlier and -5% from the quarter before.
Was MGM Resorts International profitable in the third quarter 2026?
Operating profit was $119M (2.8% of revenue) and net earnings $39.2M.