MGM
MGM Resorts InternationalStock · Consumer DiscretionaryS&P 500 Equal Weight 0.2% · S&P 500 0.01% · Russell 1000 0.01% · Russell 3000 0.01% · US Stock Market 0.01%$37.81-1.31%
as of market close, Sep 18, 2026
☾ AH — —
MGM financial statements
The full income statement, balance sheet, and cash-flow statement for MGM Resorts International (MGM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 303.8M2024-09 297.7M2024-12 285.6M2025-03 272.1M2025-06 272.2M2025-09 273.5M2025-12 255.8M2026-03 255.9M2026-06 251.6M-17.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 17.5B+1.7% | 17.2B+6.7% | 16.2B+23.1% | 13.1B+35.6% | 9.68B+87.5% | |
| Selling, general & administrative | 4.88B+1.1% | 4.83B+2.7% | 4.70B+11.2% | 4.23B+68.6% | 2.51B+18.1% | |
| Restructuring | — | — | — | 0.00 | 0.00-100.0% | |
| Amortization of intangibles | 139M+16.8% | 119M+15.5% | 103M-96.2% | 2.70B+1270.6% | 197M+1.5% | |
| Provision for credit losses | 61.1M+0.1% | 61.1M+24.7% | 49.0M+115.4% | 22.7M+4.1% | 21.9M-69.4% | |
| Operating income | 1.00B-32.8% | 1.49B-21.2% | 1.89B+31.4% | 1.44B-36.8% | 2.28B+454.7% | |
| Interest expense | 419M-5.5% | 443M-3.7% | 460M-22.6% | 595M-25.6% | 800M+18.2% | |
| Other non-operating income | -303M-529.5% | 70.6M+65.7% | 42.6M-48.6% | 82.8M+25.6% | 65.9M+173.8% | |
| Equity-method income | 71.1M+177.8% | -91.4M-44.7% | -63.1M+65.6% | -184M-11724.7% | 1.58M+102.6% | |
| Gain (loss) on equity securities | -33.0M+29.8% | -47.0M-80.8% | -26.0M-360.0% | 10.0M-64.3% | 28.0M | |
| Pre-tax income | 281M-74.9% | 1.12B-24.2% | 1.47B+63.0% | 904M-38.2% | 1.46B+196.7% | |
| Income tax | -240M-557.7% | 52.5M-66.8% | 158M-77.4% | 697M+175.1% | 253M+232.3% | |
| 206M-72.4% | 747M-34.6% | 1.14B-22.5% | 1.47B+17.4% | 1.25B+221.5% | ||
| Net income to non-controlling interest | 315M-1.0% | 318M+84.1% | 173M+113.6% | -1.27B-2654.1% | -46.0M+84.0% | |
| Net income to common | 211M-71.6% | 744M-35.0% | 1.14B-20.6% | 1.44B+22.5% | 1.18B+217.9% | |
| $0.76-68.3% | $2.40-24.8% | $3.19-8.6% | $3.49+44.8% | $2.41+219.3% | ||
| EPS (basic) | $0.77-68.2% | $2.42-24.8% | $3.22-8.5% | $3.52+44.3% | $2.44+220.8% | |
| Weighted-avg shares (basic) | 275M-10.5% | 307M-13.4% | 355M-13.3% | 409M-15.1% | 482M-2.5% | |
| Weighted-avg shares (diluted) | 277M-10.6% | 310M-13.5% | 359M-13.2% | 413M-15.3% | 487M-1.4% | |
| Dividends per share | — | — | — | $0.01+0.0% | $0.01-93.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.33B-0.7% | 4.36B-11.1% | 4.91B-39.8% | 8.15B+27.1% | 6.42B+7.8% | ||
| Cash & equivalents | 2.06B-14.6% | 2.42B-17.5% | 2.93B-50.5% | 5.91B+25.7% | 4.70B-7.8% | |
| Accounts receivable | 1.12B+4.8% | 1.07B+15.3% | 929M+9.0% | 852M+45.9% | 584M+84.5% | |
| Inventory | 125M-11.4% | 141M-0.8% | 142M+12.4% | 126M+30.8% | 96.4M+9.1% | |
| Prepaid expenses | 486M+1.6% | 479M-37.9% | 771M+32.1% | 583M+125.2% | 259M+29.0% | |
| 41.4B-2.0% | 42.2B-0.3% | 42.4B-7.3% | 45.7B+11.7% | 40.9B+12.1% | ||
| Property, plant & equipment | — | 6.20B+13.7% | 5.45B+4.3% | 5.22B-63.8% | 14.4B-1.3% | |
| Operating lease right-of-use | 23.0B-2.3% | 23.5B-2.1% | 24.0B-2.1% | 24.5B+113.4% | 11.5B+38.7% | |
| Goodwill | 4.90B-4.7% | 5.15B-0.4% | 5.17B+2.7% | 5.03B+44.5% | 3.48B+66.5% | |
| Intangible assets | 1.36B-20.9% | 1.72B-0.5% | 1.72B+11.2% | 1.55B-57.1% | 3.62B-0.8% | |
| Deferred tax assets | 89.8M+126.8% | 39.6M | 0.00 | — | — | |
| Other non-current assets | 849M-1.2% | 859M+1.1% | 850M-17.4% | 1.03B+109.9% | 490M+10.6% | |
| 3.51B+4.8% | 3.35B+7.2% | 3.13B-30.8% | 4.52B+31.2% | 3.44B+85.4% | ||
| Accounts payable | 422M+2.1% | 413M-10.6% | 462M+24.9% | 370M+29.2% | 286M+100.8% | |
| Short-term & current debt | — | — | 0.00-100.0% | 1.29B+28.6% | 1.00B | |
| Current lease liability | 106M+8.1% | 98.0M+30.7% | 75.0M+38.9% | 54.0M+70.3% | 31.7M-0.4% | |
| Other current liabilities | 2.99B+4.3% | 2.87B+10.2% | 2.60B+16.4% | 2.24B+12.7% | 1.98B+28.4% | |
| Finance lease liability (current) | 76.9M+3.7% | 74.2M+709.4% | 9.17M-87.3% | 72.4M-17.4% | 87.7M+9.3% | |
| 38.1B-1.1% | 38.5B+1.3% | 38.0B | — | — | ||
| Long-term debt | 6.23B-2.1% | 6.36B+0.3% | 6.34B-14.7% | 7.43B-36.9% | 11.8B-4.9% | |
| Non-current lease liability | 25.0B-0.5% | 25.1B-0.2% | 25.1B-0.1% | 25.1B+113.1% | 11.8B+40.7% | |
| Operating lease liability (total) | 25.1B-0.4% | 25.2B-0.1% | 25.2B-0.0% | 25.2B+113.0% | 11.8B+40.5% | |
| Finance lease liability (total) | 255M-19.7% | 317M+235.7% | 94.6M-41.1% | 161M-1.6% | 163M-23.9% | |
| Finance lease liability | 178M-26.8% | 243M+184.9% | 85.4M-3.2% | 88.2M+16.7% | 75.6M-43.7% | |
| Deferred tax liabilities | 2.62B-6.9% | 2.81B-1.7% | 2.86B-3.7% | 2.97B+21.7% | 2.44B+13.3% | |
| Other non-current liabilities | 775M-14.8% | 910M+67.7% | 543M+111.8% | 256M-19.9% | 320M | |
| 2.43B-19.6% | 3.02B-20.7% | 3.81B-21.1% | 4.83B-20.4% | 6.07B-6.7% | ||
| Common stock | 2.58M-12.3% | 2.94M-9.9% | 3.27M-13.8% | 3.79M-16.5% | 4.54M-8.2% | |
| Additional paid-in capital | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 1.75B-49.1% | |
| Retained earnings | 2.11B-31.6% | 3.08B-15.9% | 3.66B-23.6% | 4.79B+10.5% | 4.34B+40.4% | |
| Accumulated other comprehensive income | 320M+623.6% | -61.2M-142.5% | 144M+329.6% | 33.5M+236.1% | -24.6M+19.8% | |
| Non-controlling interest | 825M+24.6% | 662M+26.5% | 523M+38.1% | 379M-92.3% | 4.91B+4.9% | |
| Total equity incl. non-controlling | 3.25B-11.7% | 3.69B-15.0% | 4.33B-16.8% | 5.21B-52.5% | 11.0B-1.8% | |
| Total liabilities & equity | 41.4B-2.0% | 42.2B-0.3% | 42.4B-7.3% | 45.7B+11.7% | 40.9B+12.1% | |
| Common shares issued | 258M-12.2% | 294M-9.9% | 327M-13.9% | 379M-16.5% | 454M-8.2% | |
| Common shares outstanding | 258M-12.2% | 294M-9.9% | 327M-13.9% | 379M-16.5% | 454M-8.2% | |
| Shares outstanding (cover) | 256M-10.4% | 286M-10.7% | 320M-14.5% | 374M-14.9% | 439M-11.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.53B+7.1% | 2.36B-12.2% | 2.69B+53.2% | 1.76B+27.9% | 1.37B+192.0% | ||
| Depreciation & amortization | 1.02B+22.5% | 831M+2.1% | 814M-76.6% | 3.48B+202.6% | 1.15B-5.0% | |
| Intangible amortization | 139M+16.8% | 119M+15.5% | 103M-96.2% | 2.70B+1270.6% | 197M+1.5% | |
| Share-based compensation | 90.5M+12.8% | 80.2M+9.0% | 73.6M+3.2% | 71.3M+9.4% | 65.2M-39.1% | |
| Deferred income taxes | -246M-188.5% | -85.1M+27.4% | -117M-123.6% | 496M+105.1% | 242M+1218.7% | |
| Change in receivables | 90.1M-42.8% | 158M+19.2% | 132M-37.5% | 212M-10.4% | 236M+124.6% | |
| Change in inventory | -15.7M-1129.7% | -1.27M-108.2% | 15.5M-41.7% | 26.6M+957.0% | -3.11M+78.9% | |
| Other operating activities | -7.81M-106.3% | 124M+216.6% | 39.2M+214.9% | -34.1M+75.3% | -138M-183.5% | |
| -1.14B+11.1% | -1.28B-79.7% | -714M-133.7% | 2.12B+37.2% | 1.54B-28.5% | ||
| Capital expenditure | 1.07B-7.1% | 1.15B+23.5% | 932M+21.8% | 765M+55.9% | 491M+81.4% | |
| Free cash flow | 1.46B+20.5% | 1.21B-31.1% | 1.76B+77.4% | 991M+12.3% | 883M+150.1% | |
| Acquisitions | 0.00-100.0% | 114M-6.7% | 122M-93.5% | 1.89B+5.6% | 1.79B | |
| Proceeds from sale of PP&E | 7.11M-46.0% | 13.2M+142.7% | 5.43M-95.2% | 112M+5.1% | 107M+1637.3% | |
| Other investing activities | 48.5M+132.8% | -148M-217.4% | 126M-75.9% | 523M+1235.0% | -46.1M-5181.8% | |
| -1.73B-10.7% | -1.56B+68.7% | -5.00B-65.5% | -3.02B-7.5% | -2.81B-233.8% | ||
| Long-term debt issued | 354M-83.2% | 2.10B | 0.00 | 0.00-100.0% | 750M-78.9% | |
| Long-term debt repaid | 500M-77.0% | 2.17B+69.2% | 1.29B+20.1% | 1.07B | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.23B-9.5% | 1.36B-40.8% | 2.29B-17.4% | 2.78B+58.3% | 1.75B+395.7% | |
| Dividends paid | 0.00 | 0.00 | 0.00-100.0% | 4.05M-15.5% | 4.79M-93.8% | |
| Other financing activities | -153M-1616.4% | -8.92M+93.2% | -131M-18.3% | -111M+30.4% | -159M-195.3% | |
| FX effect on cash | 4.41M+116.4% | -26.9M-38.6% | -19.4M-317.4% | 8.93M+675.5% | -1.55M-166.1% | |
| Net change in cash | -353M+31.1% | -512M+83.1% | -3.02B-462.6% | 833M+721.6% | 101M-96.3% | |
| Interest paid | 389M-4.2% | 406M-10.2% | 452M-21.2% | 574M-18.7% | 706M+10.3% | |
| Income taxes paid | -34.6M-113.0% | 267M-22.4% | 344M+1398.6% | 23.0M-46.6% | 43.0M+403.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 9.34B-5.7% | 9.89B-35.2% | 15.3B+18.5% | 12.9B-34.7% | 19.7B+26.4% | |
| P/E | 45.3×+242.2% | 13.3×-3.4% | 13.7×+40.6% | 9.8×-37.9% | 15.7× | |
| P/S | 0.5×-7.2% | 0.6×-42.2% | 1.0×-3.0% | 1.0×-49.8% | 2.0×-32.6% | |
| P/B | 3.8×+17.4% | 3.3×-15.0% | 3.8×+44.7% | 2.7×-18.1% | 3.2×+35.4% | |
| P/FCF | 6.4×-21.7% | 8.2×-20.5% | 10.3×-4.7% | 10.8×-51.7% | 22.3× | |
| Earnings yield | 2.2%-70.8% | 7.5%+3.5% | 7.3%-28.9% | 10.3%+61.1% | 6.4% | |
| FCF yield | 15.6%+27.7% | 12.2%+25.8% | 9.7%+5.0% | 9.3%+107.2% | 4.5% | |
| Dividend yield | — | — | — | 0.03%+33.9% | 0.02%-95.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MGM’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MGM filings on SEC EDGAR → Not investment advice.