MGM Resorts International (MGM) — Financial statements
Income statement, balance sheet, and cash flow for MGM Resorts International — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 17,538↑1.7% | 17,241↑6.7% | 16,164↑23.1% | 13,127↑35.6% | 9,680 | |
| Cost of Revenue | 9,748↑3.8% | 9,394↑9.8% | 8,554↑28.6% | 6,653↑32.3% | 5,031 | |
| Gross Profit | 7,790↓0.7% | 7,847↑3.1% | 7,611↑17.5% | 6,475↑39.3% | 4,650 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 4,878↑1.1% | 4,825↑2.7% | 4,701↑11.2% | 4,227↑68.6% | 2,507 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 4,878↑1.1% | 4,825↑2.7% | 4,701↑11.2% | 4,227↑68.6% | 2,507 | |
| Other Expenses | 1,911↑24.8% | 1,531↑50.3% | 1,019↑26.0% | 809↑692.7% | -136 | |
| Operating Expenses | 6,788↑6.8% | 6,357↑11.1% | 5,719↑13.6% | 5,035↑112.4% | 2,371 | |
| Total Costs & Expenses | 16,536↑5.0% | 15,750↑10.4% | 14,273↑22.1% | 11,688↑57.9% | 7,401 | |
| Operating Results | ||||||
| Operating Income | 1,002↓32.8% | 1,490↓21.2% | 1,891↑31.4% | 1,439↓36.8% | 2,279 | |
| Depreciation & Amortization | 1,018↑22.5% | 831↑2.1% | 814↓76.6% | 3,482↑202.6% | 1,151 | |
| EBITDA | 1,718↓28.2% | 2,391↓0.2% | 2,397↓51.9% | 4,981↑46.0% | 3,412 | |
| EBIT | 700↓55.1% | 1,560↓1.4% | 1,583↑5.6% | 1,499↓33.7% | 2,261 | |
| Interest & Other Income | ||||||
| Net Interest Income | -419↑5.5% | -443↑3.7% | -460↑22.6% | -595↑25.6% | -800 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 419↓5.5% | 443↓3.7% | 460↓22.6% | 595↓25.6% | 800 | |
| Non-Operating Income | 302↑532.4% | -70↓122.6% | 308↑619.4% | -59↓443.2% | 17 | |
| Other Income / Expenses | -614↓64.4% | -373↑10.8% | -419↑21.8% | -536↑34.4% | -817 | |
| Income Before Tax | 388↓65.3% | 1,117↓24.2% | 1,473↑63.0% | 904↓38.2% | 1,462 | |
| Income Tax Expense | -44↓184.2% | 52↓66.8% | 158↓77.4% | 697↑175.1% | 253 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 432↓59.4% | 1,065↓19.0% | 1,315↑536.1% | 207↓82.9% | 1,208 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 206↓72.4% | 747↓34.6% | 1,142↓22.5% | 1,473↑17.4% | 1,254 | |
| Bottom-Line Net Income | 206↓72.3% | 744↓35.0% | 1,144↓20.6% | 1,441↑22.5% | 1,176 | |
| EPS (Basic) | 0.77↓68.2% | 2.42↓24.8% | 3.22↑531.4% | 0.51↓79.1% | 2.44 | |
| EPS (Diluted) | 0.76↓68.3% | 2.40↓24.8% | 3.19↑538.0% | 0.50↓79.3% | 2.41 | |
| Weighted Average Shares | 265↓13.8% | 307↓13.4% | 355↓13.3% | 409↓15.1% | 482 | |
| Weighted Average Diluted Shares | 265↓14.6% | 310↓13.5% | 359↓13.2% | 413↓15.3% | 487 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.