10x Insights
Loading account…
MGM

MGM Resorts

Consumer DiscretionaryServicesS&P 500
Ticker MGMLAS VEGAS, NVFiscal year ends DecemberBook value per share $9.73Diluted shares 258.3M

MGM Resorts International (NYSE: MGM) is a global gaming and entertainment company that operates hotels, casinos, meeting and conference venues, restaurants, nightlife, retail, live entertainment, sports betting and online gaming. Its customers include gaming patrons, leisure and business travelers, and convention and… From the company’s description.

In fiscal 2025, MGM Resorts reported revenue of $17.54B, up 1.7% from fiscal 2024, and net income of $520.87M. Its operating margin was 5.7%, and operations generated $2.53B in cash. Over the twelve months to Jun 30, 2026, revenue was $17.76B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$17.54BFY2025
+1.7% year over year
Last 12 mo $17.76B
5.71%FY2025
−2.9 percentage points
Last 12 mo 5.73%
$520.87MFY2025
−51.1% year over year
Last 12 mo $673.63M
10.14%FY2025
−14.6 percentage points
Last 12 mo 16.94%
Cash & financing
$2.53BFY2025
+7.1% year over year
Last 12 mo $2.46B
$1.46BFY2025
+20.5% year over year
Last 12 mo $1.49B
2.56FY2025
Was 2.10× a year earlier
Last 12 mo 2.41
277.3MFY2025
−10.6% year over year
Last 12 mo 258.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What MGM Resorts does

In the company’s own words

MGM Resorts International (NYSE: MGM) is a global gaming and entertainment company that operates hotels, casinos, meeting and conference venues, restaurants, nightlife, retail, live entertainment, sports betting and online gaming. Its customers include gaming patrons, leisure and business travelers, and convention and meeting groups. As of December 31, 2025, it operated 16 domestic casino properties and, through its approximately 56% interest in MGM China, two Macau resorts. Its four reportable segments are Las Vegas Strip Resorts, Regional Operations, MGM China and MGM Digital; MGM Digital primarily comprises LeoVegas, an international online gaming business, while BetMGM North America Venture is an unconsolidated affiliate. Las Vegas operations combine gaming with hotel and other amenities, Regional Operations and MGM China derive most revenue from gaming, and MGM Digital offers online casino games and sports betting. Major brands include Bellagio, Aria, MGM Grand, Mandalay Bay, The Cosmopolitan, Borgata, LeoVegas and BetMGM. The company had approximately 78,000 employees worldwide at year-end 2025. Its website is www.mgmresorts.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Services
Headquarters
LAS VEGAS, NV
Fiscal year end
December
CIK
789570
SIC
7011

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.23B$2.50B$8.22B$13.95B$19.67B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns MGM Resorts — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

437
funds hold it
1 of 35
superinvestors hold it
$2.93B
held by funds, at market
26.1%
of shares held by funds
13
bond issues held by funds

Superinvestors in MGM Resorts · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · MGM Resorts’s weight in each

Davis New York Venture Fund
NYVTX · DAVIS NEW YORK VENTURE FUND INC
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.10%of fund net assets
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

MGM Resorts’s bonds, as funds hold them

Funds report holding 13 issues of MGM Resorts’s debt, $1.21B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.65%, maturing 2026 to 2033.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do MGM Resorts and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of MGM Resorts's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in MGM Resorts's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.