What is the current annual operating margin of MGM?

As of today, MGM annual operating margin is 7.62%

What is 1-year change in MGM annual operating margin?

MGM annual operating margin is down -20.95% year-over-year

What is 3-year change in MGM annual operating margin?

MGM annual operating margin is up +158.30% over the past 3 years

How far is MGM annual operating margin from its all-time high?

MGM annual operating margin is currently -67.13% below its historical high of 23.18% set on December 31, 1996

How does MGM annual operating margin rank versus sector peers?

MGM annual operating margin is higher than 64.06% of companies in Consumer Cyclical sector

When is MGM next annual earnings release?

The next annual earnings release for MGM is on February 4, 2027

What is the current quarterly operating margin of MGM?

As of today, MGM quarterly operating margin is 2.25%

What is MGM quarterly operating margin most recent change?

MGM quarterly operating margin was down -66.86% on September 30, 2026

What is 1-year change in MGM quarterly operating margin?

MGM quarterly operating margin is down -56.40% year-over-year

How far is MGM quarterly operating margin from its all-time high?

MGM quarterly operating margin is currently -92.57% below its historical high of 30.29% set on December 31, 1995

How does MGM quarterly operating margin rank versus sector peers?

MGM quarterly operating margin is higher than 31.47% of companies in Consumer Cyclical sector

When is MGM next earnings release?

The next earnings release for MGM is on February 4, 2027

MGM Operating Margin History & Chart Since 1988

Annual Operating Margin

7.62%2.02%-20.95%

December 31, 2025

Summary

Current Value: As of today, MGM annual operating margin is 7.62%, down -20.95% on December 31, 2025
Historical Performance: MGM annual operating margin is up +158.30% over the past 3 years, up +119.58% over the past 5 years
All-Time High Comparison: MGM annual operating margin is currently -67.13% below its historical high of 23.18% set on December 31, 1996
3-Year Low Comparison: MGM annual operating margin is +158.30% above its 3-year low of -13.07% reached on an earlier date
Sector Comparison: MGM annual operating margin is higher than 64.06% of companies in Consumer Cyclical sector

Operating Margin Chart

beforeafter

Performance

MGM Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	7.62%	-20.9%	+158.3%	+119.6%	+24.3%
Quarterly Operating Margin	Sep 30, 26	2.25%	-56.4%	-75.1%	-79.6%	-74.1%
Price	Nov 12, 26	$33.24	+0.2%	-14.2%	-26.3%	+222.7%
PE Ratio	Nov 12, 26	12.64	-93.9%	-4.3%	-63.5%	+575.9%
Annual Revenue	Dec 31, 25	$17.54B	+1.7%	+33.6%	+239.7%	+189.6%
Annual Operating Profit	Dec 31, 25	$1.34B	-19.6%	+177.9%	+166.6%	+260.3%
Annual Gross Margin	Dec 31, 25	38.62%	-5.1%	+69.4%	+299.8%	+43.6%
Annual Net Margin	Dec 31, 25	2.97%	-51.9%	+89.2%	+111.6%	+112.5%

Operating Margin Highs

MGM Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	9.79%	Dec 31, 23	-22.2%
5Y	9.79%	Dec 31, 23	-22.2%
All	23.18%	Dec 31, 96	-67.1%

Operating Margin Lows

MGM Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	-13.07%	N/A	+158.3%
5Y	-38.91%	N/A	+119.6%
All	-38.91%	Dec 31, 20	+119.6%

Operating Margin History

Year	Value	Change
2025	7.62%	-21.0%
2024	9.64%	-1.5%
2023	9.79%	+174.9%
2022	-13.07%	-324.6%
2021	5.82%	+115.0%
2020	-38.91%	-432.3%
2019	11.71%	+3.5%
2018	11.31%	-22.5%
2017	14.60%	+8.0%
2016	13.52%	+14.0%
2015	11.86%	-8.1%
2014	12.90%	+6.1%
2013	12.16%	+33.5%
2012	9.11%	+10.3%
2011	8.26%	+34.7%
2010	6.13%	-15.9%
2009	7.29%	-45.6%
2008	13.41%	-23.8%
2007	17.59%	-14.3%

Year	Value	Change
2006	20.52%	+3.8%
2005	19.77%	-0.9%
2004	19.95%	+21.6%
2003	16.41%	-9.6%
2002	18.16%	+8.9%
2001	16.68%	-21.4%
2000	21.21%	+1.4%
1999	20.91%	+65.0%
1998	12.67%	-40.8%
1997	21.42%	-7.6%
1996	23.18%	+52.4%
1995	15.21%	-17.8%
1994	18.51%	+216.8%
1993	-15.85%	+43.2%
1992	-27.92%	-175.1%
1991	-10.15%	+47.5%
1990	-19.35%	-504.0%
1989	4.79%	+17.1%
1988	4.09%	-

FAQ

What is the current annual operating margin of MGM?: As of today, MGM annual operating margin is 7.62%
What is 1-year change in MGM annual operating margin?: MGM annual operating margin is down -20.95% year-over-year
What is 3-year change in MGM annual operating margin?: MGM annual operating margin is up +158.30% over the past 3 years
How far is MGM annual operating margin from its all-time high?: MGM annual operating margin is currently -67.13% below its historical high of 23.18% set on December 31, 1996
How does MGM annual operating margin rank versus sector peers?: MGM annual operating margin is higher than 64.06% of companies in Consumer Cyclical sector
When is MGM next annual earnings release?: The next annual earnings release for MGM is on February 4, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

2.25%4.54%-66.86%

September 30, 2026

Summary

Current Value: As of today, MGM quarterly operating margin is 2.25%, down -66.86% on September 30, 2026
Historical Performance: MGM quarterly operating margin is down -56.40% year-over-year, down -75.14% over the past 3 years
All-Time High Comparison: MGM quarterly operating margin is currently -92.57% below its historical high of 30.29% set on December 31, 1995
3-Year Low Comparison: MGM quarterly operating margin is at its 3-year low
Sector Comparison: MGM quarterly operating margin is higher than 31.47% of companies in Consumer Cyclical sector

Performance

MGM Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	2.25%	-66.9%	-56.4%	-75.1%	-79.6%
Annual Operating Margin	Dec 31, 25	7.62%	–	-20.9%	+158.3%	+119.6%
Price	Nov 12, 26	$33.24	-24.4%	+0.2%	-14.2%	-26.3%
PE Ratio	Nov 12, 26	12.64	-52.5%	-93.9%	-4.3%	-63.5%
Quarterly Revenue	Sep 30, 26	$4.21B	-5.4%	-0.9%	+6.0%	+55.6%
Quarterly Operating Profit	Sep 30, 26	$94.90M	-68.6%	-56.8%	-73.6%	-68.3%
Quarterly Gross Margin	Sep 30, 26	34.59%	-9.3%	-7.2%	-17.9%	-9.6%
Quarterly Net Margin	Sep 30, 26	0.93%	-87.2%	+119.1%	-82.5%	-98.1%

Quarterly Operating Margin Highs

MGM Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	7.06%	Dec 31, 25	-68.1%
3Y	11.42%	Mar 31, 24	-80.3%
5Y	11.42%	Mar 31, 24	-80.3%
All	30.29%	Dec 31, 95	-92.6%

Quarterly Operating Margin Lows

MGM Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	2.25%	Sep 30, 26	at low
3Y	2.25%	Sep 30, 26	at low
5Y	-30.45%	Sep 30, 22	+107.4%
All	-345.00%	Jun 30, 20	+100.7%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	2.25%	-66.9%
Jun 2026	6.79%	-1.0%
Mar 2026	6.86%	-2.8%
Dec 2025	7.06%	+36.8%
Sep 2025	5.16%	-40.0%
Jun 2025	8.60%	-11.1%
Mar 2025	9.67%	+19.1%
Dec 2024	8.12%	+2.1%
Sep 2024	7.95%	-27.8%
Jun 2024	11.01%	-3.6%
Mar 2024	11.42%	+18.8%
Dec 2023	9.61%	+6.2%
Sep 2023	9.05%	-9.2%
Jun 2023	9.97%	-5.8%
Mar 2023	10.58%	+137.2%
Dec 2022	-28.46%	+6.5%
Sep 2022	-30.45%	-811.4%
Jun 2022	4.28%	-41.0%
Mar 2022	7.26%	-28.0%
Dec 2021	10.09%	-8.6%
Sep 2021	11.04%	+65.3%
Jun 2021	6.68%	+156.4%
Mar 2021	-11.84%	+48.6%
Dec 2020	-23.05%	+49.3%
Sep 2020	-45.45%	+86.8%
Jun 2020	-345.00%	-3,402.5%
Mar 2020	-9.85%	-211.4%
Dec 2019	8.84%	-35.2%
Sep 2019	13.64%	+25.5%
Jun 2019	10.87%	+1.5%
Mar 2019	10.71%	-1.5%
Dec 2018	10.87%	-1.1%
Sep 2018	10.99%	-5.4%
Jun 2018	11.62%	-1.8%
Mar 2018	11.83%	+37.7%
Dec 2017	8.59%	-47.5%
Sep 2017	16.35%	+0.4%
Jun 2017	16.28%	-3.5%
Mar 2017	16.87%	+58.4%
Dec 2016	10.65%	-31.1%
Sep 2016	15.45%	+9.0%
Jun 2016	14.17%	+2.2%
Mar 2016	13.87%	+19.8%
Dec 2015	11.58%	+6.8%
Sep 2015	10.84%	-16.5%
Jun 2015	12.98%	+8.3%
Mar 2015	11.98%	+6.4%
Dec 2014	11.26%	+3.5%
Sep 2014	10.88%	-23.5%
Jun 2014	14.23%	-5.1%
Mar 2014	14.99%	+19.2%
Dec 2013	12.58%	+14.8%
Sep 2013	10.96%	-13.2%
Jun 2013	12.62%	+1.0%
Mar 2013	12.50%	+53.2%
Dec 2012	8.16%	+1.6%
Sep 2012	8.03%	-28.2%
Jun 2012	11.18%	+23.7%
Mar 2012	9.04%	+8.3%
Dec 2011	8.35%	-3.8%
Sep 2011	8.68%	+0.1%
Jun 2011	8.67%	+1.3%
Mar 2011	8.56%	+62.4%
Dec 2010	5.27%	-32.4%
Sep 2010	7.80%	+16.4%
Jun 2010	6.70%	+39.0%
Mar 2010	4.82%	+91.3%
Dec 2009	2.52%	-72.5%
Sep 2009	9.18%	+5.3%
Jun 2009	8.72%	+0.7%
Mar 2009	8.66%	+17.8%
Dec 2008	7.35%	-44.0%
Sep 2008	13.13%	-18.1%
Jun 2008	16.03%	-2.7%
Mar 2008	16.47%	+12.7%
Dec 2007	14.61%	-3.7%

Month	Value	Change
Sep 2007	15.17%	-21.6%
Jun 2007	19.35%	-8.7%
Mar 2007	21.19%	+16.7%
Dec 2006	18.16%	+11.9%
Sep 2006	16.23%	-21.0%
Jun 2006	20.54%	-6.6%
Mar 2006	21.99%	+11.4%
Dec 2005	19.74%	+14.6%
Sep 2005	17.23%	-15.2%
Jun 2005	20.33%	-16.8%
Mar 2005	24.43%	+42.8%
Dec 2004	17.11%	-9.4%
Sep 2004	18.89%	-14.5%
Jun 2004	22.09%	+2.0%
Mar 2004	21.65%	+109.4%
Dec 2003	10.34%	-34.6%
Sep 2003	15.81%	-12.0%
Jun 2003	17.97%	+5.0%
Mar 2003	17.12%	+29.7%
Dec 2002	13.20%	-31.2%
Sep 2002	19.18%	-8.1%
Jun 2002	20.87%	-4.3%
Mar 2002	21.81%	+171.3%
Dec 2001	8.04%	-38.9%
Sep 2001	13.15%	-36.9%
Jun 2001	20.83%	-7.0%
Mar 2001	22.39%	+3.6%
Dec 2000	21.61%	+7.5%
Sep 2000	20.10%	-3.4%
Jun 2000	20.81%	-6.8%
Mar 2000	22.34%	-1.6%
Dec 1999	22.71%	+7.6%
Sep 1999	21.10%	-2.2%
Jun 1999	21.57%	+13.2%
Mar 1999	19.06%	+941.5%
Dec 1998	1.83%	-90.2%
Sep 1998	18.59%	+20.6%
Jun 1998	15.41%	-7.2%
Mar 1998	16.60%	+38.9%
Dec 1997	11.95%	-58.4%
Sep 1997	28.74%	+11.1%
Jun 1997	25.87%	-1.0%
Mar 1997	26.13%	+505.7%
Dec 1996	-6.44%	-128.8%
Sep 1996	22.38%	-12.4%
Jun 1996	25.56%	+8.7%
Mar 1996	23.51%	-22.4%
Dec 1995	30.29%	+84.4%
Sep 1995	16.43%	+249.6%
Jun 1995	4.70%	-59.3%
Mar 1995	11.55%	-42.6%
Dec 1994	20.13%	-6.7%
Sep 1994	21.58%	+20.2%
Jun 1994	17.95%	+81.5%
Mar 1994	9.89%	+104.0%
Dec 1993	-249.54%	-65.2%
Sep 1993	-151.06%	-65.1%
Jun 1993	-91.49%	-28.1%
Mar 1993	-71.43%	+25.2%
Dec 1992	-95.45%	-339.7%
Sep 1992	-21.71%	+21.1%
Jun 1992	-27.50%	-95.3%
Mar 1992	-14.08%	+50.4%
Dec 1991	-28.38%	-1,102.5%
Sep 1991	-2.36%	+22.4%
Jun 1991	-3.04%	+80.5%
Mar 1991	-15.62%	+75.2%
Dec 1990	-62.96%	-79.4%
Sep 1990	-35.09%	-1,481.5%
Jun 1990	2.54%	+137.8%
Mar 1990	-6.72%	-351.7%
Dec 1989	2.67%	+387.1%
Sep 1989	-0.93%	-138.1%
Jun 1989	2.44%	+100.9%
Dec 1988	-283.46%	-

FAQ

What is the current quarterly operating margin of MGM?: As of today, MGM quarterly operating margin is 2.25%
What is MGM quarterly operating margin most recent change?: MGM quarterly operating margin was down -66.86% on September 30, 2026
What is 1-year change in MGM quarterly operating margin?: MGM quarterly operating margin is down -56.40% year-over-year
How far is MGM quarterly operating margin from its all-time high?: MGM quarterly operating margin is currently -92.57% below its historical high of 30.29% set on December 31, 1995
How does MGM quarterly operating margin rank versus sector peers?: MGM quarterly operating margin is higher than 31.47% of companies in Consumer Cyclical sector
When is MGM next earnings release?: The next earnings release for MGM is on February 4, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Data Sources & References

MGM Official Website www.mgmresorts.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/789570/000078957026000018/0000789570-26-000018-index.htm
MGM Profile on Yahoo Finance finance.yahoo.com/quote/MGM
MGM Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/mgm