Jun 2026 (Q2 FY26) — Jul 29, 2026
MGM Resorts International Q2 FY26 — Record Revenue & Strategic Luxury Investments
Read the full callMGM Resorts International (MGM) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
MGM Resorts International earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,451 | +1.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 11.3 | +2.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 292 | +497.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$28.47 −0.45% · −$0.13
Performance −9.8% 1Y
1Y: $31.58 on 17 Oct 2025 → $28.47. High $50.69 (1 Jun 2026), low $28.47 (19 Oct 2026).
- Previous close
- $28.6
- 52-week range
- $28.47 – $50.69
- One year
- −10.67%
Overview
- Symbol
- MGM
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
MGM Resorts International earnings calls (MGM)
Financials
What the filings say
Net profit, year on year: +497% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,183 | 4,347 | 4,277 | 4,405 | 4,250 | 4,605 | 4,455 | 4,451 |
| Expenses | 3,876 | 4,016 | 3,879 | 4,026 | 4,389 | 4,312 | 4,164 | 3,973 |
| Operating profit | 315 | 292 | 385 | 405 | -113 | 325 | 301 | 504 |
| Operating margin | 7.5% | 6.7% | 9.0% | 9.2% | −2.7% | 7.1% | 6.8% | 11.3% |
| Other income | -18 | -86 | -118 | -271 | -107 | -225 | -99 | -90 |
| Interest | 112 | 109 | 107 | 106 | 102 | 104 | 101 | 102 |
| Profit before tax | 297 | 206 | 267 | 134 | -220 | 100 | 202 | 414 |
| Tax rate | 17.7% | −15.7% | 15.0% | 11.7% | 5.9% | −283.4% | 13.6% | 21.9% |
| Net profit | 185 | 157 | 149 | 49 | -285 | 294 | 125 | 292 |
| EPS ($ per share) | 0.61 | — | 0.52 | 0.18 | -1.05 | — | 0.49 | 1.12 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 5 | 5 | 5 | 5 | 4 | 3 | 3 | 3 |
| Reserves | 2,423 | 4,201 | 3,091 | 4,341 | 4,794 | 3,664 | 3,082 | 2,107 |
| Total liabilities | 19,639 | 21,108 | 25,315 | 29,922 | 40,482 | 38,001 | 38,512 | 38,097 |
| Fixed assets | 20,730 | 18,286 | 14,632 | 14,435 | 5,224 | 5,450 | 6,196 | 6,306 |
| Total assets | 30,211 | 33,876 | 36,495 | 40,899 | 45,692 | 42,369 | 42,232 | 41,374 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,723 | 1,810 | -1,493 | 1,373 | 1,756 | 2,691 | 2,362 | 2,529 |
| Cash from investing | -2,083 | 3,519 | 2,159 | 1,544 | 2,118 | -714 | -1,283 | -1,141 |
| Cash from financing | 389 | -4,530 | 2,103 | -2,814 | -3,024 | -5,005 | -1,564 | -1,731 |
| Net cash flow | 27 | 803 | 2,772 | 101 | 833 | -3,021 | -512 | -353 |
| Capital expenditure | -1,487 | -739 | -271 | -491 | -765 | -932 | -1,151 | -1,069 |
| Free cash flow | 236 | 1,071 | -1,764 | 883 | 991 | 1,759 | 1,212 | 1,460 |
MGM revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Las Vegas Strip Resorts | 51% | 51% | 51% | 48% | 47% | 47% | 49% | 49% | +2.6% |
| MGM China | 22% | 23% | — | 25% | 26% | — | 25% | 25% | -0.8% |
| Regional Operations | 23% | 21% | 21% | 22% | 23% | 21% | 21% | 21% | -4.2% |
| MGM Digital | — | — | 3% | 4% | 4% | 4% | 4% | 4% | +19.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
88 filings between Dec 1, 2025 and Oct 7, 2026.
Open market
decisions to buy or sellPurchases
$77.11M
3 purchases by 1 insider
Sales
$1.54M
2 sales by 2 insiders
Compensation
not trading decisions- 44
- Option exercise — converted options into shares
- 39
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| IAC Inc. | $77.11M | — | Mar 24, 2026 |
| Meister Keith A. | — | $1.29M | Mar 9, 2026 |
| TAYLOR DANIEL J | — | $256.6K | May 22, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 7, 2026 | McManus John CHIEF LEGAL ADMIN OFC AND SECY | Tax withheld | 2,873 | $86.2K |
| Oct 7, 2026 | Fritz Gary M President, Interactive | Tax withheld | 4,858 | $145.7K |
| Oct 7, 2026 | Fritz Gary M President, Interactive | Option exercise | 12,166 | $0 |
| Oct 7, 2026 | Meinert Todd SVP & Chief Accounting Officer | Option exercise | 1,379 | $0 |
| Oct 7, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Option exercise | 32,441 | $0 |
| Oct 7, 2026 | Meinert Todd SVP & Chief Accounting Officer | Tax withheld | 336 | $10.1K |
| Oct 7, 2026 | Halkyard Jonathan S CHIEF FINANCIAL OFFICER | Option exercise | 8,921 | $0 |
| Oct 7, 2026 | McManus John CHIEF LEGAL ADMIN OFC AND SECY | Option exercise | 7,299 | $0 |
| Oct 7, 2026 | Molino Ayesha Khanna CHIEF OPERATING OFFICER | Option exercise | 3,346 | $0 |
| Oct 7, 2026 | Molino Ayesha Khanna CHIEF OPERATING OFFICER | Tax withheld | 1,317 | $39.5K |
| Oct 7, 2026 | Halkyard Jonathan S CHIEF FINANCIAL OFFICER | Tax withheld | 3,511 | $105.3K |
| Oct 7, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Tax withheld | 12,766 | $383.0K |
| Oct 6, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Tax withheld | 19,335 | $590.5K |
| Oct 6, 2026 | Meinert Todd SVP & Chief Accounting Officer | Option exercise | 1,879 | $0 |
| Oct 6, 2026 | Halkyard Jonathan S CHIEF FINANCIAL OFFICER | Option exercise | 15,355 | $0 |
| Oct 6, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Option exercise | 49,135 | $0 |
| Oct 6, 2026 | McManus John CHIEF LEGAL ADMIN OFC AND SECY | Option exercise | 11,055 | $0 |
| Oct 6, 2026 | McManus John CHIEF LEGAL ADMIN OFC AND SECY | Tax withheld | 4,351 | $132.9K |
| Oct 6, 2026 | Fritz Gary M President, Interactive | Option exercise | 22,111 | $0 |
| Oct 6, 2026 | Meinert Todd SVP & Chief Accounting Officer | Tax withheld | 458 | $14.0K |
| Oct 6, 2026 | Fritz Gary M President, Interactive | Tax withheld | 8,829 | $269.6K |
| Oct 6, 2026 | Halkyard Jonathan S CHIEF FINANCIAL OFFICER | Tax withheld | 6,043 | $184.6K |
| Oct 6, 2026 | Molino Ayesha Khanna CHIEF OPERATING OFFICER | Option exercise | 4,053 | $0 |
| Oct 6, 2026 | Molino Ayesha Khanna CHIEF OPERATING OFFICER | Tax withheld | 1,595 | $48.7K |
| Oct 3, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Option exercise | 32,672 | $0 |
| Oct 3, 2026 | Meinert Todd SVP & Chief Accounting Officer | Option exercise | 1,389 | $0 |
| Oct 3, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Tax withheld | 12,857 | $391.9K |
| Oct 3, 2026 | Halkyard Jonathan S CHIEF FINANCIAL OFFICER | Tax withheld | 3,536 | $107.8K |
| Oct 3, 2026 | Fritz Gary M President, Interactive | Option exercise | 12,251 | $0 |
| Oct 3, 2026 | Molino Ayesha Khanna CHIEF OPERATING OFFICER | Tax withheld | 757 | $23.1K |
| Oct 3, 2026 | Meinert Todd SVP & Chief Accounting Officer | Tax withheld | 339 | $10.3K |
| Oct 3, 2026 | McManus John CHIEF LEGAL ADMIN OFC AND SECY | Tax withheld | 2,893 | $88.2K |
| Oct 3, 2026 | Fritz Gary M President, Interactive | Tax withheld | 4,892 | $149.1K |
| Oct 3, 2026 | McManus John CHIEF LEGAL ADMIN OFC AND SECY | Option exercise | 7,351 | $0 |
| Oct 3, 2026 | Halkyard Jonathan S CHIEF FINANCIAL OFFICER | Option exercise | 8,984 | $0 |
| Oct 3, 2026 | Molino Ayesha Khanna CHIEF OPERATING OFFICER | Option exercise | 2,042 | $0 |
| Oct 2, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Option exercise | 67,681 | $0 |
| Oct 2, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Tax withheld | 26,633 | $811.8K |
| Oct 2, 2026 | Halkyard Jonathan S CHIEF FINANCIAL OFFICER | Option exercise | 7,475 | $0 |
| Oct 2, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Tax withheld | 10,696 | $326.0K |
| Oct 2, 2026 | HORNBUCKLE WILLIAM CEO AND PRESIDENT | Option exercise | 27,181 | $0 |
| Oct 2, 2026 | McManus John CHIEF LEGAL ADMIN OFC AND SECY | Option exercise | 6,116 | $0 |
| Oct 2, 2026 | Fritz Gary M President, Interactive | Option exercise | 10,193 | $0 |
| Oct 2, 2026 | Fritz Gary M President, Interactive | Tax withheld | 4,071 | $124.1K |
| Oct 2, 2026 | McManus John CHIEF LEGAL ADMIN OFC AND SECY | Tax withheld | 2,407 | $73.4K |
| Oct 2, 2026 | Molino Ayesha Khanna CHIEF OPERATING OFFICER | Option exercise | 5,640 | $0 |
| Oct 2, 2026 | Molino Ayesha Khanna CHIEF OPERATING OFFICER | Tax withheld | 1,374 | $41.9K |
| Oct 2, 2026 | Fritz Gary M President, Interactive | Tax withheld | 10,135 | $308.9K |
| Oct 2, 2026 | Halkyard Jonathan S CHIEF FINANCIAL OFFICER | Option exercise | 18,612 | $0 |
| Oct 2, 2026 | McManus John CHIEF LEGAL ADMIN OFC AND SECY | Option exercise | 15,228 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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