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MGM Resorts International MGM Q1 2026 earnings

Reported April 29, 2026 · After market close

Revenue$4.5BBeat by $86.0M
EPS$0.49Miss by $0.07
Revenue estimate$4.4B
EPS estimate$0.56

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$4.3B
EPS estimate$0.17

Financials

Q1 2026

Income statement

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Revenue$4.5B+4.2%
Operating income$301.2M-21.8%
Net income$125.1M-15.8%
EPS (diluted)$0.48-5.9%

Balance sheet

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Cash & equivalents$2.3B+1.0%
Total debt$31.7B-0.6%
Total equity$2.4B-14.7%
Total assets$41.4B-1.2%

Cash flow

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Operating cash flow$567.8M+3.8%
CapEx$154.7M-32.2%
Free cash flow$413.1M+29.5%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$9.47B+11.9%
Enterprise value$38.87B+2.1%
P/E51.9×+39.4×
P/S0.5×0.0×

Profitability

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Operating margin5.2%-3.1pp
Net margin1%-2.9pp
FCF margin8.8%+2.0pp

Returns & leverage

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Return on equity6.9%-14.6pp
Debt / equity13×+1.9×
Current ratio1.3×0.0×

Segments

By product

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Casino$2.4B+5.6%
Rooms$867.9M+0.5%
Food and beverage$804.8M+4.5%
Entertainment, retail and other$403.2M+3.0%

By segment

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Las Vegas Strip Resorts$2.2B+0.2%
MGM China$1.1B+9.2%
Regional Operations$917.9M+1.9%

FAQ

When did MGM Resorts International report Q1 2026 earnings?
MGM Resorts International (MGM) reported Q1 2026 earnings on April 29, 2026 after market close.
What were MGM Resorts International's Q1 2026 revenue and EPS?
MGM Resorts International reported revenue of $4.5B and eps of $0.49 for Q1 2026.
Did MGM Resorts International beat estimates in Q1 2026?
Revenue beat the consensus estimate of $4.4B by $86.0M. EPS missed the consensus estimate of $0.56 by $0.07.
How did MGM Resorts International's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.2% from $4.3B a year earlier and eps declined 29.0% from $0.69.
Where can I find MGM Resorts International's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000789570-26-000034) and the 10-Q periodic report (0000789570-26-000035) directly on SEC EDGAR. The filing index links above go to sec.gov.