Financials in USD. Standardized financial statements.
A compact view of how MGM Resorts International turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $17.54B | $17.24B | $16.16B | $13.13B | $9.68B | $4.92B | $12.90B | $11.76B | $10.80B | $9.46B |
| Revenue Growth? | +1.7% | +6.7% | +23.1% | +35.6% | +96.9% | -61.9% | +9.7% | +8.9% | +14.2% | 0.0% |
| Cost of Revenue? | $9.75B | $9.39B | $8.55B | $6.65B | $5.03B | $3.21B | $7.60B | $6.92B | $6.19B | $5.50B |
| Gross Profit? | $7.79B | $7.85B | $7.61B | $6.47B | $4.65B | $1.71B | $5.30B | $4.84B | $4.60B | $3.96B |
| Gross Margin? | +44.4% | +45.5% | +47.1% | +49.3% | +48.0% | +34.8% | +41.1% | +41.2% | +42.6% | +41.9% |
| Operating Expenses? | $6.79B | $6.36B | $5.72B | $5.04B | $2.37B | $2.35B | $1.36B | $3.51B | $3.03B | $2.68B |
| Operating Income? | $1.00B | $1.49B | $1.89B | $1.44B | $2.28B | -$642.43M | $3.94B | $1.47B | $1.71B | $2.08B |
| EBITDA? | $1.72B | $2.39B | $2.40B | $4.98B | $3.41B | -$779.79M | $5.00B | $2.51B | $2.57B | $2.80B |
| Income Before Tax | $387.95M | $1.12B | $1.47B | $903.80M | $1.46B | -$1.51B | $2.85B | $634.01M | $960.79M | $1.26B |
| Income Tax Expense | -$44.14M | $52.46M | $157.84M | $697.07M | $253.41M | -$191.57M | $632.35M | $50.11M | -$1.13B | $22.30M |
| Net Income? | $206.25M | $746.56M | $1.14B | $1.47B | $1.25B | -$1.03B | $2.05B | $466.77M | $1.95B | $1.10B |
| EPS? | $0.77 | $2.42 | $3.22 | $0.51 | $2.44 | $-2.67 | $3.90 | $0.86 | $3.38 | $1.94 |
| Diluted EPS? | $0.76 | $2.40 | $3.19 | $0.50 | $2.41 | $-2.67 | $3.88 | $0.85 | $3.34 | $1.92 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality