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MGM Resorts International logo

MGM Resorts International

MGM

NYSEConsumer CyclicalGambling, Resorts & Casinos

Open in GoAI

Previous close

$43.74

+$0.57 · +1.32%

Aug 21, 4:00 PM ET

MGM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

39

Expensive

Momentum

56

Neutral

Sentiment

62

Bullish

Risk resilience

55

Elevated Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

MGM Resorts International, through its various divisions, manages and possesses casino, lodging, and entertainment complexes across the United States and Macau. The company's operations are segmented into three main areas: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resort properties offer a comprehensive suite of amenities including gaming facilities, accommodation, convention spaces, dining options, entertainment venues, retail outlets, and more. Beyond traditional slots and table games, its casino activities also encompass online sports wagering and iGaming through its BetMGM platform. As of February 17, 2021, its extensive portfolio comprised 29 distinct hotel and gaming destinations. Notable assets include its properties on the Las Vegas Strip and the Fallen Oak golf course. The company caters to a diverse clientele, including high-stakes gamblers, vacationers, wholesale travel groups, business travelers, and organizational clients such as conventions, trade groups, and small conferences. Originally known as MGM MIRAGE, the firm rebranded to MGM Resorts International in June 2010. Established in 1986, MGM Resorts International is headquartered in Las Vegas, Nevada.

Industry
Gambling, Resorts & Casinos
Sector
Consumer Cyclical
Headquarters
US
CEO
William Joseph Hornbuckle
Listed since
May 2, 1988
Employees
69,000

Market position

Day range

Current $43.74

52-week range

Current $43.74

Open
$43.23
Previous close
$43.17
Volume
1.44M
0.36× average
Average volume
3.97M
Average daily volume
Market cap
11B USD
Beta
1.3
Market reference 1
50-day average
$46.0048
-4.92% below average
200-day average
$39.1004
+11.87% above average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends54%35%16%-4%Gross margin, FY2021: 48.03%Gross margin, FY2022: 49.32%Gross margin, FY2023: 47.08%Gross margin, FY2024: 45.51%Gross margin, FY2025: 44.42%Operating margin, FY2021: 23.54%Operating margin, FY2022: 10.96%Operating margin, FY2023: 11.70%Operating margin, FY2024: 8.65%Operating margin, FY2025: 5.71%Net margin, FY2021: 12.96%Net margin, FY2022: 11.22%Net margin, FY2023: 7.07%Net margin, FY2024: 4.33%Net margin, FY2025: 1.18%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 48.03%. Gross margin FY2022 49.32%. Gross margin FY2023 47.08%. Gross margin FY2024 45.51%. Gross margin FY2025 44.42%. Operating margin FY2021 23.54%. Operating margin FY2022 10.96%. Operating margin FY2023 11.70%. Operating margin FY2024 8.65%. Operating margin FY2025 5.71%. Net margin FY2021 12.96%. Net margin FY2022 11.22%. Net margin FY2023 7.07%. Net margin FY2024 4.33%. Net margin FY2025 1.18%.

Income trends

Revenue

17.54B USD+1.72%

Operating income

1B USD-32.79%

Net income

206.25M USD-72.37%
Income trends across reported periods19.27B USD12.34B USD5.41B USD−1.53B USDRevenue, FY2021: 9.68B USDRevenue, FY2022: 13.13B USDRevenue, FY2023: 16.16B USDRevenue, FY2024: 17.24B USDRevenue, FY2025: 17.54B USDOperating income, FY2021: 2.28B USDOperating income, FY2022: 1.44B USDOperating income, FY2023: 1.89B USDOperating income, FY2024: 1.49B USDOperating income, FY2025: 1B USDNet income, FY2021: 1.25B USDNet income, FY2022: 1.47B USDNet income, FY2023: 1.14B USDNet income, FY2024: 746.56M USDNet income, FY2025: 206.25M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.68B USD. Revenue FY2022 13.13B USD. Revenue FY2023 16.16B USD. Revenue FY2024 17.24B USD. Revenue FY2025 17.54B USD. Operating income FY2021 2.28B USD. Operating income FY2022 1.44B USD. Operating income FY2023 1.89B USD. Operating income FY2024 1.49B USD. Operating income FY2025 1B USD. Net income FY2021 1.25B USD. Net income FY2022 1.47B USD. Net income FY2023 1.14B USD. Net income FY2024 746.56M USD. Net income FY2025 206.25M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue17.54B USD17.24B USD16.16B USD13.13B USD9.68B USD
Cost of goods sold9.75B USD9.39B USD8.55B USD6.65B USD5.03B USD
Gross profit7.79B USD7.85B USD7.61B USD6.47B USD4.65B USD
Selling, general, and administrative4.88B USD4.83B USD4.7B USD4.23B USD2.51B USD
Operating expenses6.79B USD6.36B USD5.72B USD5.04B USD2.37B USD
Interest expense419.04M USD443.23M USD460.29M USD594.95M USD799.59M USD
Depreciation and amortization1.02B USD831.1M USD814.13M USD3.48B USD1.15B USD
Operating income1B USD1.49B USD1.89B USD1.44B USD2.28B USD
Net income206.25M USD746.56M USD1.14B USD1.47B USD1.25B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+28.66%
11 comparable reports
Latest EPS result
0.59
Estimate 0.56 · Beat by 5.55%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.711.190.670.14Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 0.45, estimate 0.37, surprise +21.62%, Beat. Q2 2025, reported Apr 30, 2025: actual 0.69, estimate 0.5, surprise +38.00%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.79, estimate 0.58, surprise +36.21%, Beat. Q4 2025, reported Oct 29, 2025: actual 0.24, estimate 0.37, surprise -35.14%, Miss. Q1 2026, reported Feb 5, 2026: actual 1.6, estimate 0.64, surprise +150.00%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.49, estimate 0.496, surprise -1.29%, Miss. Q3 2026, reported Jul 29, 2026: actual 0.59, estimate 0.559, surprise +5.55%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.17, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.79B4.55B4.31B4.07BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 4.35B USD, estimate 4.27B USD, surprise +1.87%, Beat. Q2 2025, reported Apr 30, 2025: actual 4.28B USD, estimate 4.28B USD, surprise -0.16%, Miss. Q3 2025, reported Jul 30, 2025: actual 4.4B USD, estimate 4.25B USD, surprise +3.66%, Beat. Q4 2025, reported Oct 29, 2025: actual 4.25B USD, estimate 4.42B USD, surprise -3.82%, Miss. Q1 2026, reported Feb 5, 2026: actual 4.61B USD, estimate 4.5B USD, surprise +2.45%, Beat. Q2 2026, reported Apr 29, 2026: actual 4.45B USD, estimate 4.37B USD, surprise +1.97%, Beat. Q3 2026, reported Jul 29, 2026: actual 4.45B USD, estimate 4.42B USD, surprise +0.79%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 4.29B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$48.03

9.81% upside
Past 12 months12-month forecastHigh $55.00Average $48.03Low $35.00

Rating distribution

37 ratings
Strong buy00%
Buy1951%
Hold1746%
Sell13%
Strong sell00%

Recent analyst actions

12 institutions
Argus ResearchmaintainBuy

MGM news

marketbeat.com

3 Stocks Came Roaring Back—Now They're Flashing Warning Signs

Markets have been on a wild ride this summer, with the S&P 500 finally making a new all-time high and several left-for-dead stocks showing new life in the second half of the year. But not all rallies are created equally.

Read source
seekingalpha.com

MGM Resorts International Is Worth Betting On

MGM Resorts International remains a Buy due to attractive valuation and strong balance sheet despite recent underperformance versus the S&P 500. MGM's growth is driven by MGM China and MGM Digital, while Las Vegas and…

Read source
globenewswire.com

BetMGM Brings Authentic Live Dealer Gaming from Las Vegas to Alberta

Players can enjoy blackjack, roulette and baccarat hosted by real dealers at MGM Resorts casinos Players can enjoy blackjack, roulette and baccarat hosted by real dealers at MGM Resorts casinos

Read source
globenewswire.com

BetMGM Brings Authentic Live Dealer Gaming from Las Vegas to Alberta

Players can enjoy blackjack, roulette and baccarat hosted by real dealers at MGM Resorts casinos Players can enjoy blackjack, roulette and baccarat hosted by real dealers at MGM Resorts casinos

Read source
globenewswire.com

Awager and BetMGM Bring Real Casino Slot Machines Online Through New Partnership

Awager's remote live slots offering now available on BetMGM, giving players access to land-based slot machines streamed directly from regulated studio environments Awager's remote live slots offering now available on…

Read source
globenewswire.com

MGM Investor Reminder: MGM Resorts Investigation over $48.30 per share Offer is Ongoing – Contact BFA Law if You Hold Shares

NEW YORK, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller's bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.01

2022 complete year-97.9% since 2018

Corporate action history

Dividend

Ex-dividend Dec 8, 2022

$0.002

Quarterly

Record Dec 9, 2022 · Payment Dec 15, 2022

Dividend

Ex-dividend Sep 8, 2022

$0.0025

Quarterly

Record Sep 9, 2022 · Payment Sep 15, 2022

Dividend

Ex-dividend Jun 9, 2022

$0.002

Quarterly

Record Jun 10, 2022 · Payment Jun 15, 2022

Dividend

Ex-dividend Mar 9, 2022

$0.002

Quarterly

Record Mar 10, 2022 · Payment Mar 15, 2022

Dividend

Ex-dividend Dec 9, 2021

$0.002

Quarterly

Record Dec 10, 2021 · Payment Dec 15, 2021

Dividend

Ex-dividend Sep 9, 2021

$0.002

Quarterly

Record Sep 10, 2021 · Payment Sep 15, 2021

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ETFs holding MGM

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
254.25M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
224.57M
Weight
0.01%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
183.41M
Weight
0.10%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Invesco S&P 500 Equal Weight ETF logoInvesco S&P 500 Equal Weight ETFRSP
Market value
171.86M
Weight
0.17%
AUM
100.27B USD
Expense ratio
0.20%
Price / 1D
$221.67+0.63%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
116.55M
Weight
0.17%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
112.01M
Weight
0.01%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
101.85M
Weight
0.01%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
State Street Consumer Discretionary Select Sector SPDR ETF logoState Street Consumer Discretionary Select Sector SPDR ETFXLY
Market value
47.66M
Weight
0.21%
AUM
22.98B USD
Expense ratio
0.08%
Price / 1D
$118.02+1.15%

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