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MGM Resorts International MGM Las Vegas Strip Resorts — Payroll related

Other segment segments

Regional Operations
$232.15M0.0%
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$34.19M+4.1%

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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:LaborAndRelatedExpense.

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
Las Vegas Strip Resorts
Revenue$2,170,045$2,114,692$4,350,475$4,290,812
Less:
Payroll related expense682,979666,5501,352,4491,328,296
Cost of sales135,408129,926268,049257,683
Gaming taxes58,26353,824113,546113,034
Other segment items(1)558,277553,8961,132,1061,070,143
Segment Adjusted EBITDAR735,118710,4961,484,3251,521,656

Item 1. Financial Statements (Unaudited)

FAQ

What is MGM Resorts International's las vegas strip resorts — payroll related?
MGM Resorts International (MGM) reported las vegas strip resorts — payroll related of $682.98M in Q2 2026.
How has MGM Resorts International's las vegas strip resorts — payroll related changed year-over-year?
MGM Resorts International's las vegas strip resorts — payroll related increased by 2.5% year-over-year, from $666.55M to $682.98M.
What is the long-term trend for MGM Resorts International's las vegas strip resorts — payroll related?
Over 3 years (2022 to 2025), MGM Resorts International's las vegas strip resorts — payroll related has grown at a 3.9% compound annual growth rate (CAGR), from $2.34B to $2.62B.
What does las vegas strip resorts — payroll related mean?
This includes all compensation-related expenses for employees working within the Las Vegas Strip resort segment, such as wages, salaries, benefits, and payroll taxes. It is a critical component of operating expenses given the labor-intensive nature of the hospitality industry. Monitoring this helps assess labor cost management relative to revenue growth.

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