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MGM Resorts International MGM Q4 2025 Annual earnings

Reported February 5, 2026 · After market close

Revenue$4.6BBeat by $110.1M
EPS$1.60Beat by $0.96
Revenue estimate$4.5B
EPS estimate$0.64

Next report

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

Financials

Q4 2025

Income statement

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Revenue$4.6B+6.0%
Operating income$325.0M+11.5%
Net income$293.6M+86.5%
EPS (diluted)$1.08+108%

Balance sheet

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Cash & equivalents$2.1B-14.6%
Total debt$31.6B-0.9%
Total equity$2.4B-19.6%
Total assets$41.4B-2.0%

Cash flow

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Operating cash flow$655.0M-2.5%
CapEx$296.5M-26.6%
Free cash flow$358.5M+34.0%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$9.98B-3.3%
Enterprise value$39.47B-0.7%
P/E48.5×+34.7×
P/S0.6×0.0×

Profitability

See full
Operating margin5.7%-2.9pp
Net margin1.2%-3.2pp
FCF margin8.3%+1.3pp

Returns & leverage

See full
Return on equity7.5%-14.3pp
Debt / equity13×+2.5×
Current ratio1.2×-0.1×

Segments

By segment

See full
Las Vegas Strip Resorts$2.2B-2.6%
MGM China$1.2B+21.4%
Regional Operations$950.4M+2.0%

FAQ

When did MGM Resorts International report Q4 2025 earnings?
MGM Resorts International (MGM) reported Q4 2025 earnings on February 5, 2026 after market close.
What were MGM Resorts International's Q4 2025 revenue and EPS?
MGM Resorts International reported revenue of $4.6B and eps of $1.60 for Q4 2025.
Did MGM Resorts International beat estimates in Q4 2025?
Revenue beat the consensus estimate of $4.5B by $110.1M. EPS beat the consensus estimate of $0.64 by $0.96.
How did MGM Resorts International's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.0% from $4.3B a year earlier and eps grew 255.6% from $0.45.
Where can I find MGM Resorts International's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-037093) and the 10-K periodic report (0000789570-26-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.