MGM Resorts (MGM) Stock Buyback History
TTM buyback yield 8.73% · Shareholder yield (TTM) 8.73%.
MGM
TTM buyback yield
8.73%
Shareholder yield (TTM)
8.73%
5Y share count change
-46.4%
TTM buyback spend
$827.89M
SBC coverage (TTM)
8.54x
YoY change in spend
-9.5%
5Y CAGR of spend
+28.3%
Peak year (2022)
$2.78B
Cumulative spend
$16.70B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- MGM Resorts (MGM) repurchased about $827.89M of stock over the trailing twelve months.
- Diluted share count is down 46.4% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 8.54× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +28.3% per year over the latest 5-year window.
- TTM repurchases used about 48% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $1.23B | $0.00 | $1.23B | 0.26B | -14.6% | 12.71% |
| 2024 | $1.36B | $80.22M | $1.28B | 0.31B | -13.5% | 13.17% |
| 2023 | $2.29B | $0.00 | $2.29B | 0.36B | -13.2% | 15.19% |
| 2022 | $2.78B | $0.00 | $2.78B | 0.41B | -15.3% | 21.55% |
| 2021 | $1.75B | $65.18M | $1.69B | 0.49B | -1.4% | 8.40% |
| 2020 | $353.72M | $106.96M | $246.76M | 0.49B | -6.3% | 2.28% |
| 2019 | $1.03B | $88.84M | $942.70M | 0.53B | -4.0% | 6.06% |
| 2018 | $1.28B | $70.18M | $1.21B | 0.55B | -5.1% | 10.01% |
| 2017 | $327.50M | $62.49M | $265.01M | 0.58B | 1.0% | 1.73% |
| 2016 | $100.00M | $55.49M | $44.51M | 0.57B | 5.6% | 0.60% |
| 2015 | $0.00 | $42.87M | −$42.87M | 0.54B | 10.6% | — |
| 2014 | $0.00 | $37.26M | −$37.26M | 0.49B | 0.2% | — |
| 2013 | $0.00 | $32.33M | −$32.33M | 0.49B | 0.1% | — |
| 2012 | $0.00 | $39.56M | −$39.56M | 0.49B | -12.8% | — |
| 2011 | $0.00 | $39.71M | −$39.71M | 0.56B | 24.5% | — |
| 2010 | $0.00 | $34.99M | −$34.99M | 0.45B | 19.0% | — |
| 2009 | $0.00 | $36.57M | −$36.57M | 0.38B | 35.3% | — |
| 2008 | $1.24B | $36.28M | $1.20B | 0.28B | -6.2% | 32.62% |
| 2007 | $826.76M | $45.68M | $781.09M | 0.30B | 2.1% | 3.41% |
| 2006 | $246.89M | $73.63M | $173.27M | 0.29B | 0.6% | 1.51% |
| 2005 | $217.32M | $0.00 | $217.32M | 0.29B | 0.7% | 2.10% |
| 2004 | $348.89M | $0.00 | $348.89M | 0.29B | -5.3% | 3.45% |
| 2003 | $442.86M | $0.00 | $442.86M | 0.30B | -4.8% | 8.23% |
| 2002 | $207.59M | $0.00 | $207.59M | 0.32B | -0.2% | 4.20% |
| 2001 | $45.72M | $0.00 | $45.72M | 0.32B | 8.6% | 1.00% |
| 2000 | $52.58M | $0.00 | $52.58M | 0.29B | 23.4% | — |
| 1999 | $295.20M | $0.00 | $295.20M | 0.24B | 5.7% | — |
| 1998 | $210.60M | $0.00 | $210.60M | 0.23B | -4.4% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 0.24B | 8.2% | — |
| 1996 | $0.00 | $0.00 | $0.00 | 0.22B | — | — |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1994 | $27.80M | $0.00 | $27.80M | — | — | — |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — |
| 1991 | $20.00M | $0.00 | $20.00M | — | — | — |
| 1990 | $9.50M | $0.00 | $9.50M | — | — | — |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for MGM Resorts (MGM) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for MGM Resorts (MGM)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for MGM Resorts (MGM)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.23B | -9.5% | -$129.62M | ||
| 2024 | $1.36B | -40.8% | -$934.03M | ||
| 2023 | $2.29B | -17.4% | -$483.30M | ||
| 2022 | $2.78B | +58.3% | +$1.02B | ||
| 2021 | $1.75B | +395.7% | +$1.40B | ||
| 2020 | $353.72M | -65.7% | -$677.81M | ||
| 2019 | $1.03B | -19.6% | -$251.80M | ||
| 2018 | $1.28B | +291.9% | +$955.83M | ||
| 2017 | $327.50M | +227.5% | +$227.50M | ||
| 2016 | $100.00M | — | +$100.00M | ||
| 2015 | $0 | — | $0 | ||
| 2014 | $0 | — | $0 | ||
| 2013 | $0 | — | $0 | ||
| 2012 | $0 | — | $0 | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | -100.0% | -$1.24B | ||
| 2008 | $1.24B | +50.1% | +$414.09M | ||
| 2007 | $826.76M | +234.9% | +$579.87M | ||
| 2006 | $246.89M | +13.6% | +$29.58M | ||
| 2005 | $217.32M | -37.7% | -$131.58M | ||
| 2004 | $348.89M | -21.2% | -$93.97M | ||
| 2003 | $442.86M | +113.3% | +$235.27M | ||
| 2002 | $207.59M | +354.1% | +$161.87M | ||
| 2001 | $45.72M | -13.1% | -$6.86M | ||
| 2000 | $52.58M | -82.2% | -$242.62M | ||
| 1999 | $295.20M | +40.2% | +$84.60M | ||
| 1998 | $210.60M | — | +$210.60M | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | -100.0% | -$27.80M | ||
| 1994 | $27.80M | — | +$27.80M | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | -100.0% | -$20.00M | ||
| 1991 | $20.00M | +110.5% | +$10.50M | ||
| 1990 | $9.50M | — | +$9.50M | ||
| 1989 | $0 | — | — |
As of the 2025 fiscal year, MGM Resorts (MGM) reported buyback spend of $1.23B – declined 9.5% year-over-year.
MGM Resorts buyback spend has recorded the values shown across consecutive periods, with a +28.3% compound annual growth rate over 2020–2025 (5 years).
MGM Resorts buyback spend plunged from $2.78B in 2022 to $1.23B in 2025, a 55.7% drawdown.
The highest annual buyback spend of $2.78B was reported in 2022. The lowest in the available history was $0 in 1989.
Within Consumer Cyclical, MGM Resorts (MGM) ranks 5th among 8 peers we track. The peer median for buyback spend is $1.03B.
MGM Resorts Buyback Spend 2025: $1.23B
MGM Resorts buyback spend in 2025 was $1.23B, declined 9.5% below 2024.
MGM Resorts Buyback Spend 2024: $1.36B
MGM Resorts buyback spend in 2024 was $1.36B, plunged 40.8% below 2023.
MGM Resorts Buyback Spend 2023: $2.29B
MGM Resorts buyback spend in 2023 was $2.29B, declined 17.4% below 2022.
MGM Resorts Buyback Spend 2022: $2.78B
MGM Resorts buyback spend in 2022 was $2.78B, surged 58.3% from 2021. This figure represents the highest annual value in the available history.
MGM Resorts Buyback Spend 2021: $1.75B
MGM Resorts buyback spend in 2021 was $1.75B.
See more financial history for MGM Resorts (MGM).
Sector peers by buyback spend
Companies in the same sector as MGM Resorts, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Alibaba (BABA) | $87.36B | Consumer Cyclical |
| Booking Holdings (BKNG) | $6.44B | Consumer Cyclical |
| TJX Companies (TJX) | $2.52B | Consumer Cyclical |
| McDonald's (MCD) | $2.06B | Consumer Cyclical |
| Amazon (AMZN) | $0 | Consumer Cyclical |
| Tesla (TSLA) | $0 | Consumer Cyclical |
| Home Depot (HD) | $0 | Consumer Cyclical |
| PDD Holdings (PDD) | $0 | Consumer Cyclical |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 8.54×.
Capital allocation mix
How MGM Resorts splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.73B (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from MGM Resorts's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does MGM Resorts buy back its own stock?
Yes, MGM Resorts (MGM) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does MGM Resorts spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $827.89M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is MGM Resorts's buyback yield?
TTM buyback yield is about 8.73% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is MGM Resorts's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 8.73% combined (TTM-based where available).
Is MGM Resorts diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has MGM Resorts's share count changed?
Diluted weighted average shares changed by about -46.4% over roughly five fiscal years (annual income statement data).
What is MGM Resorts's buyback spend?
Latest reported buyback spend for MGM Resorts (MGM) is $827.89M (period ending March 31, 2026).
How has MGM Resorts buyback spend changed year-over-year?
MGM Resorts (MGM) buyback spend changed -9.5% year-over-year on the latest annual filing.
What is the long-term growth rate of MGM Resorts buyback spend?
MGM Resorts (MGM) buyback spend compound annual growth rate is +28.3% over the most recent 5 years available.
When did MGM Resorts buyback spend hit its highest annual value?
MGM Resorts buyback spend reached its highest annual value of $2.78B in 2022.
What was MGM Resorts buyback spend in 2024?
MGM Resorts (MGM) buyback spend in 2024 was $1.36B.
What was MGM Resorts buyback spend in 2025?
MGM Resorts (MGM) buyback spend in 2025 was $1.23B.
Explore more
MGM Overview
Company profile, financial tools, and key metrics
MGM Revenue Counter
Earns $561.75 every second. See per minute, hour, and day.
MGM Earnings Counter
Earns $5.80 per second net profit. See per minute, hour, and day.
MGM Economic Scale
Exceeds Kyrgyz Republic's GDP. Compare with world economies.
MGM What If Invested
What if you had invested $1,000? See historical returns from any date.
MGM How It Makes Money
Discover visual breakdown of $17.72B in revenue — where it comes from and where it goes.
MGM Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
MGM Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
MGM Daily Price Character
Explosive · 45.8% historical win rate (green days). Streaks & record days.
MGM Stock Split History
2 splits on record. Dates, ratios, and cumulative multiple.
MGM Dividend Profile
Yield: 0.03%. Safety: 5/7. See full history.
MGM Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
MGM Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
MGM Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
MGM Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.