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MGM Resorts International MGM Casino — Revenue from Contract with Customer, Excluding Assessed Tax

Other product segments

Rooms
$849.14M-1.3%
Food and beverage
$802.33M+3.1%
Entertainment, retail and other
$416.33M-4.6%

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ETROther revenues — Revenue from Contract with Customer, Excluding Assessed Tax
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KMXService revenues — Revenue from Contract with Customer, Excluding Assessed Tax
$24.2M+24.1%
Travel + Leisure logo
TNLAncillary Revenues — Revenue from Contract with Customer, Excluding Assessed Tax
$0-100%
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TNLTransaction Revenues — Revenue from Contract with Customer, Excluding Assessed Tax
$109M-6.8%
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QSRProperty revenues — Revenue from Contract with Customer, Excluding Assessed Tax
$0-100%
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NTRSOther — Revenue from Contract with Customer, Excluding Assessed Tax
$68.6M+8.2%

Other financials

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

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Market cap$11.39B+19.2%
Enterprise value$39B-0.5%
P/E26.7×+9.0×
P/S0.6×+0.1×

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×

Where this comes from

Reported directly by MGM Resorts International in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: MGM Resorts International’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000789570-26-000076
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues
Casino$2,383,185$2,329,798$4,762,040$4,581,946
Rooms849,143860,4011,716,9971,723,809
Food and beverage802,332778,1791,607,1721,548,352
Entertainment, retail and other416,333436,492819,502827,845
4,450,9934,404,8708,905,7118,681,952
Expenses
Casino1,349,2811,333,8502,698,8332,578,160

Item 1. Financial Statements (Unaudited)

FAQ

What is MGM Resorts International's casino — revenue from contract with customer, excluding assessed tax?
MGM Resorts International (MGM) reported casino — revenue from contract with customer, excluding assessed tax of $2.38B in Q2 2026.
How has MGM Resorts International's casino — revenue from contract with customer, excluding assessed tax changed year-over-year?
MGM Resorts International's casino — revenue from contract with customer, excluding assessed tax increased by 2.3% year-over-year, from $2.33B to $2.38B.
What is the long-term trend for MGM Resorts International's casino — revenue from contract with customer, excluding assessed tax?
Over 4 years (2021 to 2025), MGM Resorts International's casino — revenue from contract with customer, excluding assessed tax has grown at a 15.2% compound annual growth rate (CAGR), from $5.36B to $9.45B.
What does casino — revenue from contract with customer, excluding assessed tax mean?
This metric represents the total revenue generated from casino gaming operations, net of gaming taxes and assessments. It reflects the core income derived from table games and slot machines before accounting for operating expenses. This figure is a primary indicator of the gaming segment's top-line performance and market demand.

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