When was MGM Resorts' current repurchase authorization approved?

The repurchase plan was authorized in April 2025, according to the filing. As of June 30, 2026, approximately $1.4 billion remained available under this authorization.

How much did MGM Resorts pay per share during the Q2 2026 buyback?

The filing discloses only the aggregate amount ($164 million) and share count (approximately 4 million shares), implying an average price of approximately $41 per share. The specific execution mechanism and daily pricing details are not disclosed in this earnings release.

What happens to repurchased shares under MGM Resorts' program?

All shares repurchased under the company's repurchase plan are retired, meaning they are cancelled and are no longer outstanding. This permanently reduces the company's share count.

How does this buyback fit into MGM Resorts' capital allocation strategy?

CFO Jonathan Halkyard stated that the company pursues 'disciplined and targeted capital allocation strategy' to drive segment EBITDAR growth and returns on investment. The buyback represents one component of this approach alongside growth capital investment, particularly in Las Vegas luxury offerings and the MGM Osaka project scheduled for 2030 opening.

What is the remaining authorization amount, and how long does it typically last?

Approximately $1.4 billion remained available as of June 30, 2026. The filing does not specify an expiration date for the April 2025 authorization, so the company may continue executing repurchases under this plan until the authorization is fully exhausted or subsequently amended or terminated.

MGM 8-K Filed 2026-07-29 Execution disclosure

MGM Resorts repurchased 4M shares for $164M in Q2 2026

Company executed buyback under April 2025 authorization; $1.4B remains available as of June 30.

Shares repurchased4.0M

Avg price paid$41.00

Remaining$1.4B

MechanismNot specified

What the filing says

MGM Resorts International executed share repurchases during the second quarter ended June 30, 2026, buying back approximately 4 million shares of common stock for an aggregate amount of $164 million, according to the company's earnings release filed as Exhibit 99.1 to an 8-K on July 29, 2026. The repurchases were executed pursuant to the company's existing repurchase plan, originally authorized in April 2025.

As of June 30, 2026, the company had approximately $1.4 billion remaining in authorization under the April 2025 stock repurchase plan. All shares repurchased under the plan have been retired, meaning they are cancelled and no longer outstanding. The execution mechanism and specific pricing details beyond the aggregate amount are not disclosed in this filing.

The repurchase activity was reported in the context of MGM Resorts' second-quarter financial results, which showed consolidated revenue of $4.5 billion and net income attributable to MGM Resorts of $292 million for the quarter.

During the second quarter of 2026, the Company repurchased approximately 4 million shares of its common stock for an aggregate amount of $164 million, pursuant to its repurchase plan. The remaining availability under the April 2025 stock repurchase plan was approximately $1.4 billion as of June 30, 2026. — MGM Resorts International 8-K filing · View on SEC EDGAR →

What this means

MGM Resorts used $164 million of its April 2025 repurchase authorization to retire 4 million shares during Q2 2026, reducing the program's remaining capacity from roughly $1.564 billion to $1.4 billion. At an implied average price of $41 per share, the buyback occurred during a period in which the company reported strong earnings momentum, with Las Vegas Strip Resorts posting year-over-year revenue growth and record consolidated revenue. The repurchase reduces share count, mechanically increasing earnings per share if net income remains flat, though the buyback's accretive effect depends on the company's cost of capital and expected returns on alternative uses of cash.

Frequently asked questions

When was MGM Resorts' current repurchase authorization approved?: The repurchase plan was authorized in April 2025, according to the filing. As of June 30, 2026, approximately $1.4 billion remained available under this authorization.
How much did MGM Resorts pay per share during the Q2 2026 buyback?: The filing discloses only the aggregate amount ($164 million) and share count (approximately 4 million shares), implying an average price of approximately $41 per share. The specific execution mechanism and daily pricing details are not disclosed in this earnings release.
What happens to repurchased shares under MGM Resorts' program?: All shares repurchased under the company's repurchase plan are retired, meaning they are cancelled and are no longer outstanding. This permanently reduces the company's share count.
How does this buyback fit into MGM Resorts' capital allocation strategy?: CFO Jonathan Halkyard stated that the company pursues 'disciplined and targeted capital allocation strategy' to drive segment EBITDAR growth and returns on investment. The buyback represents one component of this approach alongside growth capital investment, particularly in Las Vegas luxury offerings and the MGM Osaka project scheduled for 2030 opening.
What is the remaining authorization amount, and how long does it typically last?: Approximately $1.4 billion remained available as of June 30, 2026. The filing does not specify an expiration date for the April 2025 authorization, so the company may continue executing repurchases under this plan until the authorization is fully exhausted or subsequently amended or terminated.

execution mega-cap hospitality-gaming april-2025-authorization share-retirement

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.