MGM Resorts International (FRA:MGG) Total Operating Expense: €5,666 Mil (TTM As of Mar. 2026)


FRA:MGG MGM Resorts International FRA:MGG
81 GF Score
Price €41.14
GF Value €41.07
Valuation Fairly Valued
! 10 Warning Signs
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What is MGM Resorts International Total Operating Expense?

MGM Resorts International FRA:MGG -0.84% 81 Total Operating Expense is €5,666 Mil as of Mar. 2026. GuruFocus rates FRA:MGG with a GF Score™ of 81/100 and a GF Value™ of €41.07 (Fairly Valued). The stock has 10 warning signs investors should review.

MGM Resorts International's Total Operating Expense for the three months ended in Mar. 2026 was €1,456 Mil. MGM Resorts International's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €5,666 Mil.

MGM Resorts International Total Operating Expense Related Terms

MGM Resorts International Total Operating Expense Historical Data

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The historical data trend for MGM Resorts International's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MGM Resorts International Total Operating Expense Chart

MGM Resorts International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,611.35 7,729.27 5,526.93 5,898.66 5,510.25

MGM Resorts International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,427.92 1,369.65 1,385.48 1,454.09 1,456.47
FRA:MGG
81GF Score
MGM Resorts International FRA:MGG
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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MGM Resorts International Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €5,666 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of €5,666 Mil mean?
MGM Resorts International (FRA:MGG) has a Total Operating Expense of €5,666 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on MGM Resorts International and its competitors.
Is MGM Resorts International's Total Operating Expense too high?
MGM Resorts International's current Total Operating Expense is €5,666 Mil. Overall, MGM Resorts International has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGM Resorts International's Total Operating Expense compare to WYNN and BYD?
MGM Resorts International's Total Operating Expense of €5,666 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Travel & Leisure company?
A good Total Operating Expense depends on the Travel & Leisure industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on MGM Resorts International and its competitors. MGM Resorts International's current Total Operating Expense is €5,666 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGM Resorts International stock overvalued right now?
Based on GuruFocus' analysis, MGM Resorts International (FRA:MGG) is currently considered Fairly Valued. The stock's GF Value™ is €41.07, compared to a current price of €41.14 — trading 0.2% above its estimated fair value. The current Total Operating Expense is €5,666 Mil. MGM Resorts International's overall GF Score™ is 81/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For MGM Resorts International (FRA:MGG), the current Total Operating Expense is €5,666 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MGM Resorts International (FRA:MGG) Overvalued in 2026?

Based on GuruFocus' analysis, MGM Resorts International stock appears to be overvalued. The current stock price of €41.14 is trading 0.2% above its estimated GF Value™ of €41.07. GuruFocus considers MGM Resorts International to be Fairly Valued.

Key valuation signals for FRA:MGG:

  • Total Operating Expense: €5,666 Mil
  • GF Value™: €41.07 vs. price of €41.14 (0.2% above fair value)
  • GF Score™: 81/100 with 10 warning signs

No single metric tells the full story. See the FRA:MGG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MGM Resorts International Business Description

Address 3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 56% of total EBITDAR in 2025. MGM also owns US regional assets, which represented a low 20s share of 2025 EBITDAR (MGM's Macao EBITDAR was 23% of the total in 2025). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a second property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
81GF Score

Get the complete analysis for FRA:MGG

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€41.14
Price
€41.07
GF Value