MGM Resorts International (MGM) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MGM Revenue Growth
Revenue Breakdown (FY 2025)
MGM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MGM Revenue Analysis (2014–2025)
As of May 8, 2026, MGM Resorts International (MGM) generated trailing twelve-month (TTM) revenue of $17.72 billion, reflecting modest growth of +4.2% year-over-year. The most recent quarter (Q1 2026) recorded $4.45 billion in revenue, down 3.3% sequentially.
Looking at the longer-term picture, MGM's 5-year compound annual growth rate (CAGR) stands at +29.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $17.54 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MGM's business is primarily driven by Casino (54%), Occupancy (19%), and Food And Beverage (17%). With over half of revenue concentrated in Casino, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including LVS (+22.7% YoY), WYNN (+4.7% YoY), and CZR (+2.3% YoY), MGM has underperformed the peer group in terms of revenue growth. Compare MGM vs LVS →
MGM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MGMCurrent | $17.7B | +4.2% | +29.0% | 5.7% | |
 LVS | $13.0B | +22.7% | +34.7% | 23.7% | |
 WYNN | $7.1B | +4.7% | +27.8% | 16.2% | |
 CZR | $11.5B | +2.3% | +25.9% | 18.1% | |
 MLCO | $5.2B | +11.3% | +24.5% | 11.6% | |
 BYD | $4.1B | +4.1% | +13.4% | 21.4% |
MGM Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $17.54B | +1.7% | $7.79B | 44.4% | $1.00B | 5.7% |
| 2024 | $17.24B | +6.7% | $7.85B | 45.5% | $1.49B | 8.6% |
| 2023 | $16.16B | +23.1% | $7.61B | 47.1% | $1.89B | 11.7% |
| 2022 | $13.13B | +35.6% | $6.47B | 49.3% | $1.44B | 11.0% |
| 2021 | $9.68B | +96.9% | $4.65B | 48.0% | $2.28B | 23.5% |
| 2020 | $4.92B | -61.9% | $1.71B | 34.8% | $-642,434,000 | -13.1% |
| 2019 | $12.90B | +9.7% | $5.30B | 41.1% | $3.94B | 30.5% |
| 2018 | $11.76B | +8.9% | $4.84B | 41.2% | $1.47B | 12.5% |
| 2017 | $10.80B | +14.2% | $4.60B | 42.6% | $1.71B | 15.9% |
| 2016 | $9.46B | +2.9% | $3.96B | 41.9% | $2.08B | 22.0% |
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Start ComparisonMGM — Frequently Asked Questions
Quick answers to the most common questions about buying MGM stock.
Is MGM's revenue growth accelerating or slowing?
MGM revenue growth slowed to +4.2%, below the 5-year CAGR of +29.0%. TTM revenue is $17.7B. The deceleration marks a shift from historical growth rates.
What is MGM's long-term revenue growth rate?
MGM Resorts International's 5-year revenue CAGR of +29.0% reflects the variable expansion pattern. Current YoY growth of +4.2% is near this long-term average.
How is MGM's revenue distributed by segment?
MGM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.