FY2025 · ended Dec 31, 2025 · Revenue $17.54B, +1.7% YoY · Filed Feb 11, 2026
MGM Resorts International (MGM) files with the SEC under industry code 7011, Hotels & Motels. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $17.5 billion and net income of $205.9 million. Free cash flow was $1.5 billion. As of Sep 30, 2026 it held $2.4 billion in cash and investments and $29.7 billion in total debt.
Revenue (TTM)
$17.72B
+2.6% vs year-ago TTM
Net income (TTM)
$694.07M
+896.1% vs year-ago TTM
Operating cash flow (TTM)
$2.31B
-9.1% vs year-ago TTM
Free cash flow (TTM)
$1.40B
+2.2% vs year-ago TTM
EPS (TTM)
$2.64
+1024.4% vs year-ago TTM
Dividend per share
$0.01
+0.0% vs prior year
Shares outstanding
255.83M
-10.4% vs prior year
Net cash
$-27.34B
as of Sep 30, 2026
Operating margin
7.0%
FY 2026
Company profile
- Industry
- Hotels & Motels (SIC 7011)
- Listed as
- MGM (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Las Vegas, NV
- SEC filer status
- Large accelerated filer
- SEC CIK
- 789570
- Former names
- MGM MIRAGE (until May 19, 2010); MGM GRAND INC (until May 19, 2000)
Other Hotels & Motels companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $17.5B | $17.2B | $16.2B | $13.1B | $9.7B |
| Operating income | $1.0B | $1.5B | $1.9B | $1.4B | $2.3B |
| Net income | $205.9M | $746.6M | $1.1B | $1.5B | $1.3B |
| Diluted EPS | $0.76 | $2.40 | $3.19 | $3.49 | $2.41 |
| Operating cash flow | $2.5B | $2.4B | $2.7B | $1.8B | $1.4B |
| Free cash flow | $1.5B | $1.2B | $1.8B | $991.4M | $882.7M |
| Total assets | $41.4B | $42.2B | $42.4B | $45.7B | $40.9B |
| Total liabilities | $38.1B | $38.5B | — | — | — |
| Stockholders' equity | $2.4B | $3.0B | $3.8B | $4.8B | $6.1B |
| Cash and investments | $2.1B | $2.4B | $2.9B | $5.9B | $4.7B |
| Total debt | $31.6B | $31.9B | $31.6B | $34.1B | $24.8B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 28, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 28, 2026 | Oct 28, 2026 |
| 8-K |
Current report
Material agreement, Regulation FD disclosure
|
Oct 28, 2026 | Oct 27, 2026 |
| 10-Q | Quarterly report | Jul 29, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 29, 2026 | Jul 29, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
May 14, 2026 | May 13, 2026 |
All 1011 MGM Resorts International SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.