Stocks Consumer discretionary MGM
NYSE · Consumer discretionaryMGM Resorts International (MGM)
MGM Resorts International brought in $17.7B of revenue over the twelve months to September 30, 2026, up 2.6% from a year earlier. Net income was $694.1M, a net margin of 3.9%. Operating cash flow minus capital spending left $1.5B of free cash flow in fiscal 2025. At September 30, 2026 it held $2.4B in cash against $5.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.
Key facts about MGM Resorts International
- Net worth
- MGM Resorts International has a market value (market cap) of $8.5B at the latest share price, and shareholders' equity of $2.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $17.5B (+1.7% year on year), with net income of $205.9M. Over the 12 months to September 30, 2026: revenue $17.7B, net income $694.1M.
- Cash flow
- In fiscal 2025 operations brought in $2.5B of cash; after $1.1B of capital spending, free cash flow was $1.5B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- MGM Resorts International's next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What MGM Resorts International does
MGM Resorts International is registered with the SEC under industry code SIC 7011 (Hotels & Motels). Its shares trade on NYSE under the ticker MGM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $17.5B | $205.9M | $0.76 | $1.5B |
| 2024 | $17.2B | $746.6M | $2.40 | $1.2B |
| 2023 | $16.2B | $1.1B | $3.19 | $1.8B |
| 2022 | $13.1B | $1.5B | $3.49 | $991.4M |
| 2021 | $9.7B | $1.3B | $2.41 | $882.7M |
| 2020 | $5.2B | -$1B | -$2.02 | -$1.8B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MGM ranks in Consumer discretionary
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2024 | n/a | $0 | 0% |
| 2023 | n/a | $0 | 0% |
| 2022 | $0.01 | $4M | 0% |
| 2021 | $0.01 | $4.8M | 0% |
| 2020 | $0.16 | $77.6M | n/a |
| 2019 | $0.52 | $271.3M | 13% |
Latest SEC filings
What MGM Resorts International has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Activist stake changed SCHEDULE 13D/A
- November 6, 2026Passive stake changed SCHEDULE 13G/A
- October 28, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 0.9% to $4.2B versus the same quarter last year; diluted EPS -$0.07 versus -$1.05.
- October 28, 2026
- October 28, 2026Activist stake changed SCHEDULE 13D/A
- October 28, 2026
- September 24, 2026Activist stake changed SCHEDULE 13D/A
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- July 29, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 1% to $4.5B versus the same quarter last year; diluted EPS $1.11 versus $0.18.
- July 29, 2026
What is MGM worth? A DCF from its reported cash flow
Insider trades
What the people running MGM Resorts International did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $51.7M worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Meister Keith A.Director | Boughtindirect | 7,518 | $227.3K |
| October 30, 2026 | Meister Keith A.Director | Boughtindirect | 233,998 | $6.8M |
| October 30, 2026 | Meister Keith A.Director | Boughtindirect | 1,504,076 | $44.7M |
| October 7, 2026 | Molino Ayesha KhannaCHIEF OPERATING OFFICER | Exercised options | 3,346 | - |
| October 7, 2026 | Molino Ayesha KhannaCHIEF OPERATING OFFICER | Shares withheld for tax | 1,317 | $39.5K |
| October 7, 2026 | Meinert ToddSVP & Chief Accounting Officer | Exercised options | 1,379 | - |
| October 7, 2026 | Meinert ToddSVP & Chief Accounting Officer | Shares withheld for tax | 336 | $10.1K |
| October 7, 2026 | McManus JohnCHIEF LEGAL ADMIN OFC AND SECY | Exercised options | 7,299 | - |
Who owns MGM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| People Incorporated13D, may seek influence | 26.5% | October 28, 2026 |
| Davis Selected Advisers13G, passive | 9.3% | August 12, 2026 |
| Davis Selected Advisers, L.P. 85-0360310 ------------------------------------------------------------------------------13G, passive | 6.7% | November 12, 2024 |
| Vanguard Capital Management13G, passive | 5.37% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 659 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Davis Selected Advisers | 23,903,317 | -392,021 |
| BlackRock, Inc. | 12,640,448 | -269,987 |
| Vanguard Capital Management LLC | 12,157,125 | +71,042 |
| Vanguard Portfolio Management LLC | 8,266,676 | -30,471 |
| State Street Corp | 7,047,768 | +56,072 |
| Invesco Ltd. | 5,372,543 | -1,286,654 |
| Corvex Management LP | 5,347,978 | 0 |
| Geode Capital Management, LLC | 5,044,676 | -41,856 |
| Morgan Stanley | 4,744,049 | -190,762 |
| Goldman Sachs Group Inc | 3,131,196 | -102,223 |
| Point72 Asset Management, L.P. | 2,922,084 | -1,340,165 |
| Dimensional Fund Advisors LP | 2,354,626 | -25,101 |
| Montanova Capital, LLC | 2,325,360 | +166,560 |
| Charles Schwab Investment Management Inc | 2,085,131 | +11,358 |
| Aqr Capital Management LLC | 2,045,872 | -1,138,159 |
| Helikon Investments Ltd | 2,024,930 | -850,074 |
| Bank of America Corp | 2,021,020 | -72,152 |
| Two Sigma Investments, LP | 1,998,075 | +1,093,252 |
| Northern Trust Corp | 1,843,783 | -86,952 |
| Vaughan Nelson Investment Management, L.P. | 1,748,416 | new |
Insiders
12 insiders reported holding 74,593,071 shares in total, about $2.44B at the last price.
| Holder | Shares |
|---|---|
| IAC Inc.10% owner | 66,822,350 |
| Meister Keith A.Director | 7,093,5707,093,570 held indirectly |
| Fritz Gary MPresident, Interactive | 199,167 |
| Halkyard Jonathan SCHIEF FINANCIAL OFFICER | 154,788 |
| Hornbuckle WilliamCEO AND PRESIDENT, Director | 126,828 |
| McManus JohnCHIEF LEGAL ADMIN OFC AND SECY | 94,217 |
| Molino Ayesha KhannaCHIEF OPERATING OFFICER | 32,908 |
| Meinert ToddSVP & Chief Accounting Officer | 32,657 |
| Winston BenDirector | 12,877 |
| Swartz JanetDirector | 11,936 |
Questions about MGM
What does MGM Resorts International do?
MGM Resorts International is a company in the Consumer discretionary sector, listed on NYSE as MGM. Its shares trade on NYSE under the ticker MGM.
What is MGM Resorts International's net worth?
MGM Resorts International has a market value (market cap) of $8.5B at the latest share price, and shareholders' equity of $2.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is MGM Resorts International profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $694.1M on revenue of $17.7B, a net margin of 3.9%.
How much revenue does MGM Resorts International make?
Over the twelve months to September 30, 2026 MGM Resorts International reported revenue of $17.7B. That is 2.6% more than a year earlier.
When did MGM Resorts International last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the activist stake changed from November 6, 2026.
When is MGM Resorts International's next earnings report?
MGM Resorts International's next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values MGM Resorts International tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.