How does MGM Resorts (MGM) make money?

MGM Resorts (MGM) generates revenue primarily from Casino, which accounted for 54.1% of total revenue in TTM through Q1 2026. The company reported $17.72B in revenue and converted 1% of it into net profit, equivalent to roughly $182.83M 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 44.2% in TTM through Q1 2026, equivalent to $7.82B in gross profit on $17.72B 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 5.2% in TTM through Q1 2026, equivalent to $917.97M 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 1% in TTM through Q1 2026, equivalent to $182.83M 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 $182.83M in net income for TTM through Q1 2026, with a net profit margin of 1%. 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 $995.55M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 5.6% 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 $1.73B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 9.8%. 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 54.1% of total revenue in TTM through Q1 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 Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 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 Q1 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) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Casino	$9.58B	54.1%
Occupancy	$3.38B	19.1%
Food And Beverage	$3.08B	17.4%
Entertainment Retail And Other	$1.68B	9.5%
Total	$17.72B	100%

Casino$9.58B
Occupancy$3.38B
Food And Beverage$3.08B
Entertainment Retail And Other$1.68B
Total$17.72B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, MGM Resorts (MGM) reports revenue across 4 operating segments; the largest segment was Casino at 54.1%, followed by Occupancy (19.1%) and Food And Beverage (17.4%).

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