MGM Resorts International (MGM) stock
MGMNYSEHotels & MotelsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 11/3041% below fair value
$33.49+0.25 (+0.75%)
Close on Nov 13, 2026Market cap $8.47BP/E 12.9Yield –
MGM Resorts International operating margin
Operating margin is operating income as a percentage of revenue.
MGM Resorts International's operating margin for the twelve months ending Sep 30, 2026 was 7.0%. For fiscal 2025 it was 5.7%, against 8.6% the year before. The highest annual figure on record is 51.7% in fiscal 2011.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 5.7% | −2.9 |
| FY2024 | Dec 31, 2024 | 8.6% | −3.1 |
| FY2023 | Dec 31, 2023 | 11.7% | +0.7 |
| FY2022 | Dec 31, 2022 | 11.0% | −12.6 |
| FY2021 | Dec 31, 2021 | 23.5% | +36.0 |
| FY2020 | Dec 31, 2020 | -12.4% | −43.0 |
| FY2019 | Dec 31, 2019 | 30.5% | +18.1 |
| FY2018 | Dec 31, 2018 | 12.5% | −3.4 |
| FY2017 | Dec 31, 2017 | 15.9% | −6.1 |
| FY2016 | Dec 31, 2016 | 21.9% | +23.6 |
| FY2015 | Dec 31, 2015 | -1.7% | −14.8 |
| FY2014 | Dec 31, 2014 | 13.1% | +1.5 |
| FY2013 | Dec 31, 2013 | 11.6% | +10.3 |
| FY2012 | Dec 31, 2012 | 1.3% | −50.4 |
| FY2011 | Dec 31, 2011 | 51.7% | +70.8 |
| FY2010 | Dec 31, 2010 | -19.1% | −3.1 |
| FY2009 | Dec 31, 2009 | -16.0% | −14.2 |
| FY2008 | Dec 31, 2008 | -1.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 2.8% | +5.5 |
| Q2 FY2026 | Jun 30, 2026 | 11.3% | +2.1 |
| Q1 FY2026 | Mar 31, 2026 | 6.8% | −2.2 |
| Q4 FY2025 | Dec 31, 2025 | 7.1% | +0.3 |
| Q3 FY2025 | Sep 30, 2025 | -2.7% | −10.2 |
| Q2 FY2025 | Jun 30, 2025 | 9.2% | −0.7 |
| Q1 FY2025 | Mar 31, 2025 | 9.0% | −1.5 |
| Q4 FY2024 | Dec 31, 2024 | 6.7% | −2.9 |
| Q3 FY2024 | Sep 30, 2024 | 7.5% | −1.8 |
| Q2 FY2024 | Jun 30, 2024 | 9.8% | +0.4 |
| Q1 FY2024 | Mar 31, 2024 | 10.5% | −8.4 |
| Q4 FY2023 | Dec 31, 2023 | 9.6% | +9.6 |
| Q3 FY2023 | Sep 30, 2023 | 9.3% | +39.9 |
| Q2 FY2023 | Jun 30, 2023 | 9.4% | −63.5 |
| Q1 FY2023 | Mar 31, 2023 | 18.9% | +15.2 |
| Q4 FY2022 | Dec 31, 2022 | -0.1% | −12.1 |
| Q3 FY2022 | Sep 30, 2022 | -30.6% | −100.5 |
| Q2 FY2022 | Jun 30, 2022 | 72.9% | +61.3 |
| Q1 FY2022 | Mar 31, 2022 | 3.7% | +18.7 |
| Q4 FY2021 | Dec 31, 2021 | 12.1% | +36.4 |
| Q3 FY2021 | Sep 30, 2021 | 69.9% | +113.9 |
| Q2 FY2021 | Jun 30, 2021 | 11.6% | +368.6 |
| Q1 FY2021 | Mar 31, 2021 | -15.0% | −70.5 |
| Q4 FY2020 | Dec 31, 2020 | -24.3% | −117.3 |
| Q3 FY2020 | Sep 30, 2020 | -44.0% | −51.2 |
| Q2 FY2020 | Jun 30, 2020 | -357.0% | −368.5 |
| Q1 FY2020 | Mar 31, 2020 | 55.5% | +43.9 |
| Q4 FY2019 | Dec 31, 2019 | 92.9% | +81.9 |
| Q3 FY2019 | Sep 30, 2019 | 7.2% | −6.4 |
| Q2 FY2019 | Jun 30, 2019 | 11.5% | −1.2 |
| Q1 FY2019 | Mar 31, 2019 | 11.7% | −1.1 |
| Q4 FY2018 | Dec 31, 2018 | 11.0% | +2.4 |
| Q3 FY2018 | Sep 30, 2018 | 13.6% | −3.8 |
| Q2 FY2018 | Jun 30, 2018 | 12.7% | −6.1 |
| Q1 FY2018 | Mar 31, 2018 | 12.7% | −5.5 |
| Q4 FY2017 | Dec 31, 2017 | 8.6% | −2.9 |
| Q3 FY2017 | Sep 30, 2017 | 17.4% | – |
| Q2 FY2017 | Jun 30, 2017 | 18.8% | – |
| Q1 FY2017 | Mar 31, 2017 | 18.3% | – |
| Q4 FY2016 | Dec 31, 2016 | 11.5% | – |
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