How does MGM Resorts (MGM) make money?

MGM Resorts (MGM) generates revenue primarily from Casino, which accounted for 54.2% of total revenue in TTM through Q2 2026. The company reported $17.8B in revenue and converted 2.4% of it into net profit, equivalent to roughly $426M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of MGM Resorts (MGM)?

MGM Resorts (MGM) reported a gross profit margin of 33% in TTM through Q2 2026, equivalent to $5.86B in gross profit on $17.8B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of MGM Resorts (MGM)?

MGM Resorts (MGM) reported an operating profit margin of 5.7% in TTM through Q2 2026, equivalent to $1.02B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of MGM Resorts (MGM)?

MGM Resorts (MGM) reported a net profit margin of 2.4% in TTM through Q2 2026, equivalent to $426M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is MGM Resorts (MGM) profitable?

Yes. MGM Resorts (MGM) reported $426M in net income for TTM through Q2 2026, with a net profit margin of 2.4%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does MGM Resorts (MGM) spend on capital expenditures?

MGM Resorts (MGM) spent $968M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 5.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does MGM Resorts (MGM) generate?

MGM Resorts (MGM) generated $1.67B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 9.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of MGM Resorts (MGM)?

MGM Resorts (MGM) reports revenue across 4 reportable product segments, led by Casino at 54.2% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How MGM Resorts Makes Money: 2026 Visual Revenue Map

MGM Resorts (MGM) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 29, 2026).

MGM Resorts discloses geographic revenue only in annual filings. to view the full breakdown.

MGM Resorts (MGM) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for MGM Resorts (MGM), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Casino	$9.63B	54.2%
Occupancy	$3.37B	19%
Food And Beverage	$3.1B	17.5%
Entertainment Retail And Other	$1.66B	9.3%
Total	$17.8B	100%

Casino$9.63B
Occupancy$3.37B
Food And Beverage$3.1B
Entertainment Retail And Other$1.66B
Total$17.8B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, MGM Resorts (MGM) reports revenue across 4 reportable product segments; the largest segment was Casino at 54.2%, followed by Occupancy (19%) and Food And Beverage (17.5%).

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