MGM Resorts Q1 FY26: where the revenue came from and where it went
The whole income statement of MGM Resorts for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 29, 2026
Revenue$4.46B
+4% year over year
Gross profit$1.58B
36% margin
Operating profit$0.30B
7% margin
Net profit$0.13B
3% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.46 | 100% | +4% |
| Casino | 2.38 | 53% | +6% |
| Occupancy | 0.87 | 20% | +1% |
| Food & beverage | 0.81 | 18% | +5% |
| Entertainment retail | 0.40 | 9% | +3% |
| Cost of revenue | −2.87 | 64% | |
| Gross profit | 1.58 | 36% margin | −1pp |
| SG&A | −1.28 | 29% | +2pp |
| Operating profit | 0.30 | 7% margin | −2pp |
| Interest & other costs | −0.15 | ||
| Tax | −0.03 | ||
| Net profit | 0.13 | 3% margin | −1pp |
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