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MGM
MGM Resorts InternationalStock · Consumer DiscretionaryS&P 500 0.0%
$45.53+$0.54 (+1.20%)as of market close, Jul 24, 2026
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How MGM Resorts International makes money

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How does MGM Resorts International make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

MGM Resorts International · FY2025 · year ended 2025-12-31
Revenue$17.5BGross profit$17.5B · 100%Cost of revenue$0 · 0%Operating income$1.0B · 6%Operating expenses$16.5B · 94%SG&A$4.9B · 28%Other opex$11.7B · 66%Pre-tax income$206M · 1%Other expense$796M · 5%Net income$206M · 1%Casino$9.5B · 54%Occupancy$3.4B · 19%Food & Beverage$3.0B · 17%Entertainment Retail & Other$1.7B · 9%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.