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MGM Resorts International MGM Loyalty Program — Contract with Customer, Liability, Current

Other product segments

Casino front money
$334.16M+2.8%
Advance deposits and ticket sales
$287.24M+5.8%
Unpaid wagers and other
$238.72M+4.3%

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$9.76M-23.0%
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$34.31M+3.8%
Best Buy logo
BBYDeferred revenue — Contract with Customer, Liability, Current
$843M-5.4%
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ANFGift Card — Contract with Customer, Liability, Current
$40.22M+2.1%
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CURVDeferred revenue — Contract with Customer, Liability, Current
$2.48M-29.8%

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:ContractWithCustomerLiabilityCurrent.

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 itemOutstanding Chip Liability / 2026Outstanding Chip Liability / 2025Loyalty Program / 2026Loyalty Program / 2025Customer Advances and Other / 2026Customer Advances and Other / 2025
Balance at January 1$204,020$215,710$216,579$215,005$860,126$825,236
Balance at June 30172,661222,259211,836213,502836,017764,446
Increase (decrease)$(31,359)$6,549$(4,743)$(1,503)$(24,109)$(60,790)

Item 1. Financial Statements (Unaudited)

FAQ

What is MGM Resorts International's loyalty program — contract with customer, liability, current?
MGM Resorts International (MGM) reported loyalty program — contract with customer, liability, current of $211.84M in Q2 2026.
How has MGM Resorts International's loyalty program — contract with customer, liability, current changed year-over-year?
MGM Resorts International's loyalty program — contract with customer, liability, current decreased by 0.8% year-over-year, from $213.5M to $211.84M.
What is the long-term trend for MGM Resorts International's loyalty program — contract with customer, liability, current?
Over 4 years (2021 to 2025), MGM Resorts International's loyalty program — contract with customer, liability, current has grown at a 11.2% compound annual growth rate (CAGR), from $557.14M to $853.16M.
What does loyalty program — contract with customer, liability, current mean?
This represents the current portion of deferred revenue obligations arising from customer loyalty programs. It reflects the estimated value of points or rewards earned by customers that are expected to be redeemed within the next twelve months. This liability is a key indicator of future service obligations and customer engagement levels within the company's ecosystem.

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