MGM Resorts International annual free cash flow
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2025
MGM Resorts International Free Cash Flow (FCF) History (MGM)
MGM Resorts International reported $1.46B in free cash flow for fiscal 2025, an increase of 20.51% from the previous fiscal year, with a free cash flow margin of 8.33%.
View full MGM Resorts International company overviewMGM Resorts International free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.46B | $248.5M | +20.51% | +8.33% |
| 2024 | 2024-12-31 | $1.21B | −$547.1M | −31.10% | +7.03% |
| 2023 | 2023-12-31 | $1.76B | $767.6M | +77.42% | +10.88% |
| 2022 | 2022-12-31 | $991.4M | $108.7M | +12.31% | +7.55% |
| 2021 | 2021-12-31 | $882.7M | $2.65B | — | +9.12% |
| 2020 | 2020-12-31 | −$1.76B | −$2.84B | — | −34.16% |
| 2019 | 2019-12-31 | $1.07B | $835.7M | +354.57% | +8.31% |
| 2018 | 2018-12-31 | $235.7M | −$106.6M | −31.15% | +2.00% |
| 2017 | 2017-12-31 | $342.3M | $1.07B | — | +3.17% |
| 2016 | 2016-12-31 | −$728.5M | −$266.8M | — | −7.69% |
| 2015 | 2015-12-31 | −$461.7M | −$720.4M | — | −5.02% |
| 2014 | 2014-12-31 | $258.6M | −$489.7M | −65.44% | +2.57% |
| 2013 | 2013-12-31 | $748.3M | $261.7M | +53.79% | +7.63% |
| 2012 | 2012-12-31 | $486.6M | $112.7M | +30.14% | +5.31% |
| 2011 | 2011-12-31 | $373.9M | $77.4M | +26.09% | +4.76% |
| 2010 | 2010-12-31 | $296.5M | −$154.5M | −34.26% | +4.90% |
| 2009 | 2009-12-31 | $451.1M | $479.8M | — | +7.50% |
| 2008 | 2008-12-31 | −$28.7M | — | — | −0.40% |
MGM Resorts International quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $317.4M | −$60.0M | −15.89% | +7.13% |
| Q1 2026 | 2026-03-31 | $413.1M | $94.1M | +29.49% | +9.27% |
| Q4 2025 | 2025-12-31 | $358.5M | $91.0M | +34.01% | +7.79% |
| Q3 2025 | 2025-09-30 | $405.4M | $74.3M | +22.42% | +9.54% |
| Q2 2025 | 2025-06-30 | $377.4M | $141.4M | +59.93% | +8.57% |
| Q1 2025 | 2025-03-31 | $319.0M | −$58.2M | −15.42% | +7.46% |
| Q4 2024 | 2024-12-31 | $267.5M | −$119.6M | −30.90% | +6.16% |
| Q3 2024 | 2024-09-30 | $331.2M | −$153.1M | −31.62% | +7.92% |
| Q2 2024 | 2024-06-30 | $236.0M | −$87.2M | −26.99% | +5.45% |
| Q1 2024 | 2024-03-31 | $377.2M | −$187.0M | −33.15% | +8.60% |
| Q4 2023 | 2023-12-31 | $387.2M | $272.5M | +237.58% | +8.85% |
| Q3 2023 | 2023-09-30 | $484.3M | $303.5M | +167.83% | +12.19% |
| Q2 2023 | 2023-06-30 | $323.2M | −$53.7M | −14.26% | +8.20% |
| Q1 2023 | 2023-03-31 | $564.2M | $245.3M | +76.93% | +14.57% |
| Q4 2022 | 2022-12-31 | $114.7M | −$203.5M | −63.95% | +3.19% |
| Q3 2022 | 2022-09-30 | $180.8M | −$198.7M | −52.35% | +5.29% |
| Q2 2022 | 2022-06-30 | $377.0M | $25.4M | +7.23% | +11.55% |
| Q1 2022 | 2022-03-31 | $318.9M | $485.4M | — | +11.17% |
| Q4 2021 | 2021-12-31 | $318.2M | $654.6M | — | +10.41% |
| Q3 2021 | 2021-09-30 | $379.5M | $581.0M | — | +14.02% |
| Q2 2021 | 2021-06-30 | $351.5M | $1.08B | — | +15.50% |
| Q1 2021 | 2021-03-31 | −$166.5M | $329.5M | — | −10.11% |
| Q4 2020 | 2020-12-31 | −$336.4M | −$534.5M | — | −22.53% |
| Q3 2020 | 2020-09-30 | −$201.5M | −$428.6M | — | −17.89% |
| Q2 2020 | 2020-06-30 | −$729.7M | −$1.16B | — | −251.77% |
| Q1 2020 | 2020-03-31 | −$496.0M | −$712.6M | — | −22.02% |
| Q4 2019 | 2019-12-31 | $198.1M | $133.9M | +208.75% | +6.22% |
| Q3 2019 | 2019-09-30 | $227.1M | $287.0M | — | +6.85% |
| Q2 2019 | 2019-06-30 | $429.7M | $357.3M | +493.90% | +13.33% |
| Q1 2019 | 2019-03-31 | $216.5M | $57.5M | +36.15% | +6.82% |
| Q4 2018 | 2018-12-31 | $64.2M | −$165.5M | −72.07% | +2.10% |
| Q3 2018 | 2018-09-30 | −$59.8M | −$106.0M | — | −1.98% |
| Q2 2018 | 2018-06-30 | $72.3M | −$44.8M | −38.24% | +2.53% |
| Q1 2018 | 2018-03-31 | $159.0M | $209.7M | — | +5.64% |
| Q4 2017 | 2017-12-31 | $229.7M | $416.9M | — | +8.84% |
| Q3 2017 | 2017-09-30 | $46.1M | $230.5M | — | +1.63% |
| Q2 2017 | 2017-06-30 | $117.2M | $271.2M | — | +4.42% |
| Q1 2017 | 2017-03-31 | −$50.6M | $152.3M | — | −1.86% |
| Q4 2016 | 2016-12-31 | −$187.2M | $11.7M | — | −7.54% |
| Q3 2016 | 2016-09-30 | −$184.4M | −$68.4M | — | −7.33% |
| Q2 2016 | 2016-06-30 | −$154.0M | −$123.9M | — | −6.79% |
| Q1 2016 | 2016-03-31 | −$202.9M | −$86.2M | — | −9.18% |
| Q4 2015 | 2015-12-31 | −$198.9M | −$52.2M | — | −9.08% |
| Q3 2015 | 2015-09-30 | −$116.0M | −$88.0M | — | −5.09% |
| Q2 2015 | 2015-06-30 | −$30.1M | −$365.4M | — | −1.26% |
| Q1 2015 | 2015-03-31 | −$116.7M | −$214.7M | — | −5.00% |
| Q4 2014 | 2014-12-31 | −$146.7M | −$765.7M | — | −6.15% |
| Q3 2014 | 2014-09-30 | −$28.0M | −$125.3M | — | −1.13% |
| Q2 2014 | 2014-06-30 | $335.3M | $419.2M | — | +12.99% |
| Q1 2014 | 2014-03-31 | $98.0M | −$176.4M | −64.28% | +3.73% |
| Q3 2013 | 2013-09-30 | $618.9M | $500.9M | +424.13% | +25.13% |
| Q1 2013 | 2013-03-31 | $97.2M | −$80.7M | −45.35% | +4.13% |
| Q4 2012 | 2012-12-31 | −$83.9M | −$153.1M | — | −3.66% |
| Q3 2012 | 2012-09-30 | $274.5M | $181.5M | +195.23% | +12.17% |
| Q2 2012 | 2012-06-30 | $118.1M | −$104.1M | −46.86% | +5.08% |
| Q1 2012 | 2012-03-31 | $177.9M | $188.4M | — | +7.78% |
| Q4 2011 | 2011-12-31 | $69.2M | $24.5M | +54.86% | +3.01% |
| Q3 2011 | 2011-09-30 | $93.0M | $111.9M | — | +4.16% |
| Q2 2011 | 2011-06-30 | $222.2M | −$147.4M | −39.87% | +12.30% |
| Q1 2011 | 2011-03-31 | −$10.5M | $88.4M | — | −0.69% |
| Q4 2010 | 2010-12-31 | $44.7M | −$56.5M | −55.83% | +3.01% |
| Q3 2010 | 2010-09-30 | −$18.9M | — | — | −1.21% |
| Q2 2010 | 2010-06-30 | $369.6M | — | — | +23.89% |
| Q1 2010 | 2010-03-31 | −$98.9M | — | — | −6.78% |
| Q3 2009 | 2009-09-30 | $101.1M | — | — | +6.60% |
MGM Resorts International free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$1.76B to $1.46B, a net increase of $3.22B. MGM Resorts International's latest reported quarter, Q2 2026, generated $317.4M in free cash flow, a decrease of 15.89% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review MGM Resorts International filings at SEC.gov ↗