Buyback yield (TTM)
8.73%
Shareholder yield (TTM)
8.73%
5Y share count change
-46.4%
Buyback spend (TTM)
$827.89M
Cumulative buybacks
$16.70B
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.
Dividend & buyback yield over time for MGM Resorts (MGM)
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.
Diluted vs basic shares (annual) for MGM Resorts (MGM)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for MGM Resorts (MGM)
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.
Cash buyback spend over time for MGM Resorts (MGM)
Latest: $1.23B
Overview
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 grown on net over the period, 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 $0.00 in 1989.
MGM Resorts Buyback Spend 2025: $1.23B
MGM Resorts posted buyback spend of $1.23B in 2025, declined 9.5% below 2024.
MGM Resorts Buyback Spend 2024: $1.36B
In 2024, MGM Resorts reported buyback spend of $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
2022's buyback spend for MGM Resorts came in at $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).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.23B | $0.00 | $1.23B | 12.71% | 0.26B | -14.6% | |
| 2024 | $1.36B | $80.22M | $1.28B | 13.17% | 0.31B | -13.5% | |
| 2023 | $2.29B | $0.00 | $2.29B | 15.19% | 0.36B | -13.2% | |
| 2022 | $2.78B | $0.00 | $2.78B | 21.55% | 0.41B | -15.3% | |
| 2021 | $1.75B | $65.18M | $1.69B | 8.40% | 0.49B | -1.4% | |
| 2020 | $353.72M | $106.96M | $246.76M | 2.28% | 0.49B | -6.3% | |
| 2019 | $1.03B | $88.84M | $942.70M | 6.06% | 0.53B | -4.0% | |
| 2018 | $1.28B | $70.18M | $1.21B | 10.01% | 0.55B | -5.1% | |
| 2017 | $327.50M | $62.49M | $265.01M | 1.73% | 0.58B | +1.0% | |
| 2016 | $100.00M | $55.49M | $44.51M | 0.60% | 0.57B | +5.6% | |
| 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 | 32.62% | 0.28B | -6.2% | |
| 2007 | $826.76M | $45.68M | $781.09M | 3.41% | 0.30B | +2.1% | |
| 2006 | $246.89M | $73.63M | $173.27M | 1.51% | 0.29B | +0.6% | |
| 2005 | $217.32M | $0.00 | $217.32M | 2.10% | 0.29B | +0.7% | |
| 2004 | $348.89M | $0.00 | $348.89M | 3.45% | 0.29B | -5.3% | |
| 2003 | $442.86M | $0.00 | $442.86M | 8.23% | 0.30B | -4.8% | |
| 2002 | $207.59M | $0.00 | $207.59M | 4.20% | 0.32B | -0.2% | |
| 2001 | $45.72M | $0.00 | $45.72M | 1.00% | 0.32B | +8.6% | |
| 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 | — | — | — |
- 2025$1.23B
- 2024$1.36B
- 2023$2.29B
- 2022$2.78B
- 2021$1.75B
- 2020$353.72M
- 2019$1.03B
- 2018$1.28B
- 2017$327.50M
- 2016$100.00M
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$1.24B
- 2007$826.76M
- 2006$246.89M
- 2005$217.32M
- 2004$348.89M
- 2003$442.86M
- 2002$207.59M
- 2001$45.72M
- 2000$52.58M
- 1999$295.20M
- 1998$210.60M
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$27.80M
- 1993$0.00
- 1992$0.00
- 1991$20.00M
- 1990$9.50M
- 1989$0.00
Buybacks vs stock-based compensation for MGM Resorts (MGM)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 8.54×.
Buybacks vs dividends (share of cash returned) for MGM Resorts (MGM)
How MGM Resorts splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as MGM Resorts, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.10B | |
| $211.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.10B
- $211.00M
- $0.00
- $0.00
- $0.00
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).
Frequently asked questions
Data & methodology
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