Melco Resorts & Entertainment Limited (MLCO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MLCO Revenue Growth
Revenue Breakdown (FY 2025)
MLCO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MLCO Revenue Analysis (2014–2025)
As of May 8, 2026, Melco Resorts & Entertainment Limited (MLCO) generated trailing twelve-month (TTM) revenue of $5.16 billion, reflecting solid growth of +8.6% year-over-year. The most recent quarter (Q4 2025) recorded $1.29 billion in revenue, down 1.2% sequentially.
Looking at the longer-term picture, MLCO's 5-year compound annual growth rate (CAGR) stands at +24.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $5.74 billion in 2019.
Revenue diversification analysis shows MLCO's business is primarily driven by Casino (82%), Occupancy (9%), and Food and Beverage (6%). 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 MGM (+3.4% YoY), MLCO has underperformed the peer group in terms of revenue growth. Compare MLCO vs LVS →
MLCO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MLCOCurrent | $5.2B | +8.6% | +24.5% | 11.6% | |
 LVS | $13.0B | +22.7% | +34.7% | 23.7% | |
 WYNN | $7.1B | +4.7% | +27.8% | 16.2% | |
 MGM | $17.5B | +3.4% | +29.0% | 5.7% | |
 CZR | $11.5B | +2.3% | +25.9% | 18.1% | |
 BYD | $4.1B | +4.1% | +13.4% | 21.4% |
MLCO Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.16B | +11.3% | $1.90B | 36.7% | $600.4M | 11.6% |
| 2024 | $4.64B | +22.9% | $1.66B | 35.9% | $484.6M | 10.4% |
| 2023 | $3.78B | +179.7% | $1.18B | 31.4% | $65.0M | 1.7% |
| 2022 | $1.35B | -32.9% | $286.5M | 21.2% | $-743,105,000 | -55.0% |
| 2021 | $2.01B | +16.5% | $490.0M | 24.3% | $-577,451,000 | -28.7% |
| 2020 | $1.73B | -69.9% | $189.5M | 11.0% | $-940,557,000 | -54.4% |
| 2019 | $5.74B | +11.2% | $2.10B | 36.6% | $747.7M | 13.0% |
| 2018 | $5.16B | -2.4% | $1.84B | 35.7% | $626.8M | 12.2% |
| 2017 | $5.28B | +16.9% | $1.73B | 32.8% | $607.6M | 11.5% |
| 2016 | $4.52B | +13.7% | $1.41B | 31.1% | $363.1M | 8.0% |
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Start ComparisonMLCO — Frequently Asked Questions
Quick answers to the most common questions about buying MLCO stock.
Is MLCO's revenue growth accelerating or slowing?
MLCO maintains +8.6% revenue growth, in line with its 5-year CAGR of +24.5%. TTM revenue stands at $5.2B. Growth rate remains consistent with historical average.
What is MLCO's long-term revenue growth rate?
Melco Resorts & Entertainment Limited's 5-year revenue CAGR of +24.5% reflects the sustained expansion pattern. Current YoY growth of +8.6% is near this long-term average.
How is MLCO's revenue distributed by segment?
MLCO 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.