MGM ResortsMGMEarnings & Financial Report
MGM Resorts International is an American multinational hospitality, sports and entertainment company. It operates resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including the Bellagio, Mandalay Bay, MGM Grand and Park MGM.
MGM Q4 FY2025 Key Financial Metrics
Revenue
$4.6B
Gross Profit
N/A
Operating Profit
$325.0M
Net Profit
$293.6M
Gross Margin
N/A
Operating Margin
7.1%
Net Margin
6.4%
YoY Growth
6.0%
EPS
$1.12
MGM Resorts Q4 FY2025 Financial Summary
MGM Resorts reported revenue of $4.6B (up 6.0% YoY) for Q4 FY2025, with a net profit of $293.6M (up 86.5% YoY) (6.4% margin).
Key Financial Metrics
| Total Revenue | $4.6B |
|---|---|
| Net Profit | $293.6M |
| Gross Margin | N/A |
| Operating Margin | 7.1% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
MGM Resorts Q4 FY2025 revenue of $4.6B breaks down across 4 segments, led by Casino at $2.6B (55.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Casino | $2.6B | 55.9% |
| Occupancy | $858.4M | 18.6% |
| Food And Beverage | $749.0M | 16.3% |
| Entertainment Retail And Other | $423.0M | 9.2% |
MGM Resorts Revenue by Segment — Quarterly Trend
MGM Resorts revenue by segment across the last 4 reported quarters, showing how each business line (such as Casino and Occupancy) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Casino | $2.6B | $2.3B | — | $2.3B |
| Occupancy | $858.4M | $795.2M | — | — |
| Food And Beverage | $749.0M | $748.6M | $778.2M | $770.2M |
| Entertainment Retail And Other | $423.0M | $412.6M | $436.5M | $391.4M |
MGM Resorts Annual Revenue by Year
MGM Resorts annual revenue history includes year-by-year totals (for example, 2025 revenue was $17.5B).
MGM Resorts Quarterly Revenue & Net Profit History
MGM Resorts results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $4.6B | +6.0% | $293.6M | 6.4% |
| Q3 FY2025 | $4.3B | +1.6% | $-285.3M | -6.7% |
| Q2 FY2025 | $4.4B | +1.8% | $49.0M | 1.1% |
| Q1 FY2025 | $4.3B | -2.4% | $148.6M | 3.5% |
| Q4 FY2024 | $4.3B | -0.7% | $157.4M | 3.6% |
| Q3 FY2024 | $4.2B | +5.3% | $184.6M | 4.4% |
| Q2 FY2024 | $4.3B | +9.8% | $187.1M | 4.3% |
| Q1 FY2024 | $4.4B | +13.2% | $217.5M | 5.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.38B | $4.33B | $4.18B | $4.35B | $4.28B | $4.40B | $4.25B | $4.61B |
| YoY Growth | 13.2% | 9.8% | 5.3% | -0.7% | -2.4% | 1.8% | 1.6% | 6.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $42.08B | $41.82B | $42.74B | $42.23B | $41.90B | $41.70B | $41.41B | $41.37B |
| Liabilities | $38.62B | $38.60B | $39.51B | $38.51B | $38.28B | $37.96B | $37.96B | $38.10B |
| Equity | $3.46B | $3.21B | $3.23B | $3.02B | $2.85B | $2.97B | $2.68B | $2.43B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $549.3M | $474.2M | $667.4M | $671.6M | $547.1M | $645.9M | $681.4M | $655.0M |