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MGM Resorts International MGM Noncash lease expense

Noncash lease expense at other companies

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Global PaymentsGPN
$14.97M+5.7%
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CoStar GroupCSGP
$8M0.0%
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Bloom EnergyBE
$8M-0.8%
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APi GroupAPG
$32M+14.3%
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MarshMRSH
$76M+4.1%
SQ
SQSQ

Other financials

Income statement

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Revenue$4.5B+4.2%
Operating income$301.2M-21.8%
Net income$125.1M-15.8%
EPS (diluted)$0.48-5.9%

Balance sheet

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Cash & equivalents$2.3B+1.0%
Total debt$31.7B-0.6%
Total equity$2.4B-14.7%
Total assets$41.4B-1.2%

Cash flow

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Operating cash flow$567.8M+3.8%
CapEx$154.7M-32.2%
Free cash flow$413.1M+29.5%

Valuation

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Market cap$11.98B+11.9%
Enterprise value$41.38B+2.1%
P/E65.7×+49.9×
P/S0.7×+0.1×

Profitability

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Operating margin5.2%-3.1pp
Net margin1%-2.9pp
FCF margin8.8%+2.0pp

Returns & leverage

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Return on equity6.9%-14.6pp
Debt / equity13×+1.9×
Current ratio1.3×0.0×

Where this comes from

Reported directly by MGM Resorts International in its filing.

Tagged under the XBRL concept mgm:NoncashLeaseExpense.

The official record: MGM Resorts International’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MGM Resorts International's noncash lease expense?
MGM Resorts International (MGM) reported noncash lease expense of $126.55M in Q1 2026.
How has MGM Resorts International's noncash lease expense changed year-over-year?
MGM Resorts International's noncash lease expense decreased by 1.4% year-over-year, from $128.36M to $126.55M.
What is the long-term trend for MGM Resorts International's noncash lease expense?
Over 4 years (2021 to 2025), MGM Resorts International's noncash lease expense has grown at a 28.1% compound annual growth rate (CAGR), from $188.92M to $509.1M.
What does noncash lease expense mean?
The non-cash accounting expense related to long-term lease obligations.
How do you interpret noncash lease expense?
Stable levels indicate consistent lease obligations, while changes reflect shifts in the real estate footprint.
How does noncash lease expense compare across companies?
Standard for companies with significant leased real estate or equipment portfolios.