MGM Resorts: revenue, profit and dividends

In fiscal 2025, MGM Resorts had revenue of $17.5B, up 6.7% a year on average since 2015, and net income of $206M (1.2% of revenue). It has 49% fewer shares than in 2015.

Revenue, fiscal 2025

$17.5B+6.7% a year

average annual revenue growth since 2015 · +1.7% vs 2024

Net income, 2025

$206M

1.2% of revenue

Diluted EPS, 2025

$0.76

Revenue growth, 5 years

27.7% a year

since 2020

Shares, 2025

277M

−48.9% since 2015

Free cash flow, 2025

$1.46B

$2.53B from operations − $1.07B capex

Ticker: MGM · NYSE
Sector: Consumer Discretionary
Sub-industry: Casinos & Gaming
Headquarters: Paradise, Nevada
Founded: 1986
In the S&P 500 since: July 26, 2017
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: MGM Resorts International · CIK 0000789570

Revenue and net income

Revenue went from $7.21B in 2008 to $17.5B in 2025. Net loss in 2008–2010, 2012–2015, 2020.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from −$3.06 in 2008 to $0.76 in 2025.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

No dividend per share for 2025 in the data.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

48.9% fewer shares in 2025 than in 2015 (543M → 277M): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $1.46B in 2025, 8.3% of revenue. Negative in 2008, 2015–2016, 2020.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$17.5B	$206M	1.2%	$0.76	—	277M	$2.53B	$1.07B	$1.46B
2024	$17.2B	$747M	4.3%	$2.40	—	310M	$2.36B	$1.15B	$1.21B
2023	$16.2B	$1.14B	7.1%	$3.19	—	359M	$2.69B	$932M	$1.76B
2022	$13.1B	$1.47B	11.2%	$3.49	$0.01	413M	$1.76B	$765M	$991M
2021	$9.68B	$1.25B	13.0%	$2.41	$0.01	487M	$1.37B	$491M	$883M
2020	$5.16B	−$1.03B	−20.0%	−$2.02	$0.16	494M	−$1.49B	$271M	−$1.76B
2019	$12.9B	$2.05B	15.9%	$3.88	$0.52	528M	$1.81B	$739M	$1.07B
2018	$11.8B	$467M	4.0%	$0.81	$0.48	550M	$1.72B	$1.49B	$236M
2017	$10.8B	$1.95B	18.1%	$3.34	$0.44	579M	$2.21B	$1.86B	$342M
2016	$9.48B	$1.1B	11.6%	$1.92	$0.00	573M	$1.53B	$2.26B	−$729M
2015	$9.19B	−$448M	−4.9%	−$0.82	$0.00	543M	$1.01B	$1.47B	−$462M
2014	$10.1B	−$150M	−1.5%	−$0.31	—	491M	$1.13B	$872M	$259M
2013	$9.81B	−$172M	−1.8%	−$0.35	—	490M	$1.31B	$562M	$748M
2012	$9.16B	−$1.77B	−19.3%	−$3.62	—	489M	$909M	$423M	$487M
2011	$7.85B	$3.11B	39.7%	$5.62	—	561M	$675M	$301M	$374M
2010	$6.06B	−$1.44B	−23.7%	−$3.19	—	450M	$504M	$207M	$297M
2009	$6.01B	−$1.29B	−21.5%	−$3.41	—	379M	$588M	$137M	$451M
2008	$7.21B	−$855M	−11.9%	−$3.06	—	—	$753M	$782M	−$28.7M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.

Other Casinos & Gaming companies

revenue $7.14B (2025)

All 47 Consumer Discretionary companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.