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MGM Resorts International MGM Q2 2026 earnings

Reported July 29, 2026 · After market close

Revenue$4.5BBeat by $34.7M
EPS$0.59Beat by $0.03
Revenue estimate$4.4B
EPS estimate$0.56
“Alongside this momentum in our existing operations, we continue to build for the future with investment in the largest integrated resort in the world, MGM Osaka, on track for 2030 opening, as well as returns on our digital businesses.”
Bill Hornbuckle

Next report

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

Financials

Q2 2026

Income statement

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Revenue$4.5B+1.0%
Operating income$503.6M+24.5%
Net income$292.4M+497%
EPS (diluted)$1.11+517%

Balance sheet

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Cash & equivalents$2.5B+30.1%
Total debt$30.2B-4.5%
Total equity$2.5B-15.5%
Total assets$39.8B-4.4%

Cash flow

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Operating cash flow$558.8M-13.5%
CapEx$241.4M-10.1%
Free cash flow$317.4M-15.9%

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$9.87B+2.5%
Enterprise value$37.48B-4.5%
P/E23.2×+5.3×
P/S0.6×0.0×

Profitability

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Operating margin5.7%-2.4pp
Net margin2.4%-0.7pp
FCF margin8.4%+0.9pp

Returns & leverage

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Return on equity15.5%-1.9pp
Debt / equity12×+1.4×
Current ratio1.3×+0.1×

Segments

By product

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Casino$2.4B+2.3%
Rooms$849.1M-1.3%
Food and beverage$802.3M+3.1%
Entertainment, retail and other$416.3M-4.6%

By segment

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Las Vegas Strip Resorts$2.2B+2.6%
MGM China$1.1B-0.8%
Regional Operations$924.1M-4.2%

FAQ

When did MGM Resorts International report Q2 2026 earnings?
MGM Resorts International (MGM) reported Q2 2026 earnings on July 29, 2026 after market close.
What were MGM Resorts International's Q2 2026 revenue and EPS?
MGM Resorts International reported revenue of $4.5B and eps of $0.59 for Q2 2026.
Did MGM Resorts International beat estimates in Q2 2026?
Revenue beat the consensus estimate of $4.4B by $34.7M. EPS beat the consensus estimate of $0.56 by $0.03.
How did MGM Resorts International's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.0% from $4.4B a year earlier and eps declined 25.3% from $0.79.
Where can I find MGM Resorts International's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000789570-26-000075) and the 10-Q periodic report (0000789570-26-000076) directly on SEC EDGAR. The filing index links above go to sec.gov.