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Operating Margin for MGM Resorts (MGM)

As of · Reported

Metric

TTM

5.2%

YoY change

−2.93pp

Trough year (1993)

-213.1%

Peak year (2011)

51.7%

Operating Margin history chart for MGM Resorts (MGM) from 1988 to 2025

Latest: 5.7%

Operating Margin change chart for MGM Resorts (MGM) from 1988 to 2025

Latest: −2.93pp

Operating Margin history table for MGM Resorts (MGM) from 1988 to 2025

  • 20255.7%-2.93pp
  • 20248.6%-3.06pp
  • 202311.7%+0.74pp
  • 202211.0%-12.58pp
  • 202123.5%+36.61pp
  • 2020-13.1%-43.61pp
  • 201930.5%+18.05pp
  • 201812.5%-3.37pp
  • 201715.9%-6.14pp
  • 201622.0%+23.70pp
  • 2015-1.7%-14.83pp
  • 201413.1%+1.80pp
  • 201311.3%+10.45pp
  • 20120.9%-50.81pp
  • 201151.7%+70.94pp
  • 2010-19.3%-3.13pp
  • 2009-16.1%-14.32pp
  • 2008-1.8%-39.03pp
  • 200737.2%+12.73pp
  • 200624.5%+3.56pp
  • 200520.9%-1.50pp
  • 200422.4%+4.19pp
  • 200318.2%-0.78pp
  • 200219.0%+3.36pp
  • 200115.7%+0.38pp
  • 200015.3%+0.21pp
  • 199915.1%-1.92pp
  • 199817.0%-9.54pp
  • 199726.5%+3.35pp
  • 199623.2%+8.00pp
  • 199515.2%-2.30pp
  • 199417.5%+230.64pp
  • 1993-213.1%-175.95pp
  • 1992-37.2%-27.06pp
  • 1991-10.1%+9.23pp
  • 1990-19.4%-23.70pp
  • 19894.3%+0.23pp
  • 19884.1%—

Operating Margin values are taken from MGM Resorts's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at MGM Resorts (MGM)

According to MGM Resorts's latest reported financial statements, the company's latest reported operating margin is 5.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

MGM Resorts (MGM) most recent annual operating margin stands at 5.71% (2025) – contracted 2.9 percentage points year-over-year.

The highest annual operating margin of 51.69% was reported in 2011. The lowest in the available history was -213.15% in 1993.

MGM Resorts Operating Margin by Year

MGM Resorts Operating Margin 2025: 5.7%

MGM Resorts operating margin in 2025 was 5.71%, contracted 2.9 percentage points from 2024.

MGM Resorts Operating Margin 2024: 8.6%

2024's operating margin for MGM Resorts came in at 8.65%, contracted 3.1 percentage points from 2023.

MGM Resorts Operating Margin 2023: 11.7%

MGM Resorts posted operating margin of 11.70% in 2023, expanded 0.7 percentage points from 2022.

MGM Resorts Operating Margin 2022: 11.0%

In 2022, MGM Resorts reported operating margin of 10.96%, contracted 12.6 percentage points from 2021.

MGM Resorts Operating Margin 2021: 23.5%

MGM Resorts operating margin in 2021 was 23.54%.

See more financial history for MGM Resorts (MGM).

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