Filing Flows › MGM Resorts International (MGM) › How it makes money
How MGM Resorts International (MGM) makes money
MGM Resorts International (MGM) made $4.2B of revenue in the third quarter 2026 (Q3 2026), -0.9% from a year earlier. Casino brought in $2.3B (55%); Rooms brought in $763M (18%); Food and beverage brought in $741M (18%). Of every dollar of revenue, 3¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Casino | $2.3B | 54.7% | -3% | +0.5% |
| Rooms | $763M | 18.1% | -10% | -4% |
| Food and beverage | $741M | 17.6% | -8% | -1% |
| Entertainment, retail and other | $403M | 9.6% | -3% | -2% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.2B | 100.0% |
| Operating profit | $119M | 2.8% |
| Net earnings | $39.2M | 0.9% |
| Operating cash flow | $532M | 12.6% |
| Free cash flow | $311M | 7.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.2B | -0.9% |
| Q2 2026 | $4.5B | +1% |
| Q1 2026 | $4.5B | +4% |
| Q4 2025 | $4.6B | +6% |
| Q3 2025 | $4.3B | +2% |
| Q2 2025 | $4.4B | +2% |
| Q1 2025 | $4.3B | -2% |
From MGM Resorts International's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does MGM Resorts International make money?
MGM Resorts International (MGM) made $4.2B of revenue in the third quarter 2026 (Q3 2026), -0.9% from a year earlier. Casino brought in $2.3B (55%); Rooms brought in $763M (18%); Food and beverage brought in $741M (18%). Of every dollar of revenue, 3¢ was left as operating profit, 1¢ was left as net earnings.
What is MGM Resorts International's biggest business?
Casino: $2.3B in the third quarter 2026, 55% of revenue, +0.5% from a year earlier.
What is MGM Resorts International's profit margin?
Net earnings were $39.2M, 0.9% of revenue, in the third quarter 2026; the operating margin was 2.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.