MGM Resorts income statement

In fiscal 2025, MGM Resorts reported revenue of $17.54bn, up 1.7% on the year before, operating income of $1.00bn (a 5.7% margin) and net income of $206m, or $0.76 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

MGM Resorts: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	6.0	6.1	7.8	9.2	9.8	10.1	9.2	9.5	10.8	11.8	12.9	5.2	9.7	13.1	16.2	17.2	17.5	17.7
Selling, general and administrative	1.1	1.1	1.2	—	—	1.3	1.3	1.4	1.6	1.8	2.1	2.1	2.5	4.2	4.7	4.8	4.9	5.0
General and administrative	—	—	—	1.2	1.3	—	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	−1.0	−1.2	4.1	0.1	1.1	1.3	−0.2	2.1	1.7	1.5	3.9	−0.6	2.3	1.4	1.9	1.5	1.0	1.2
Interest expense	0.8	1.1	1.1	1.1	0.9	0.8	0.8	0.7	0.7	0.8	0.8	0.7	0.8	0.6	0.5	0.4	0.4	0.4
Income before tax	—	−2.2	2.8	−1.7	0.1	0.4	−1.0	1.3	1.0	0.6	2.8	−1.5	1.5	0.9	1.5	1.1	0.3	0.7
Income tax	−0.7	−0.8	−0.4	−0.1	0.0	0.3	−0.0	0.0	−1.1	0.1	0.6	−0.2	0.3	0.7	0.2	0.1	−0.2	−0.2
Net income	−1.3	−1.4	3.1	−1.8	−0.2	−0.1	−0.4	1.1	2.0	0.5	2.0	−1.0	1.3	1.5	1.1	0.7	0.2	0.7
Diluted EPS	−$3.41	−$3.19	$5.62	−$3.62	−$0.35	−$0.31	−$0.82	$1.92	$3.34	$0.81	$3.88	−$2.02	$2.41	$3.49	$3.19	$2.40	$0.76	$2.67
Diluted shares (average)	379m	450m	561m	489m	490m	491m	543m	573m	579m	550m	528m	494m	487m	413m	359m	310m	277m	260m
EBITDA	−0.3	−0.5	4.9	1.0	2.0	2.1	0.7	2.9	2.7	2.6	5.2	0.6	3.4	4.9	2.7	2.3	2.0	2.3

US$ millions unless shown otherwise. Fiscal quarters.

MGM Resorts: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	4,347	4,277	4,405	4,250	4,605	4,455	4,451	4,212
Selling, general and administrative	1,243	1,165	1,214	1,240	1,259	1,283	1,263	1,229
Operating income	292	385	405	−113	325	301	504	119
Interest expense	109	107	106	102	104	101	102	103
Income before tax	206	267	134	−220	100	202	414	22
Income tax	−32	40	16	−13	−283	27	91	−17
Net income	157	149	49	−285	294	125	292	−17
Diluted EPS	$0.52	$0.51	$0.18	−$1.05	$1.08	$0.48	$1.11	−$0.07
EBITDA	501	622	647	148	604	565	786	395

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from MGM Resorts's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to MGM Resorts.