Revenue
1.19 billion
2016 Q4 ·
Fundies. English
MELCO RESORTS & ENTERTAINMENT LTD
EDGARAnnual consolidated revenue for 2025: about USD 5.163B, using the latest reported figures. The previous period, 2024, was about USD 4.638B.
Latest quarter
Operating margin
9.72%
2016 Q4 · %
Operating cash flow
253 million
2016 Q4 ·
- Cash and cash equivalents
- 1.02 billion USD Source
Exact value
1023199000 USD
- Long-term debt including current maturities
- 6.75 billion USD Source
Exact value
6747918000 USD
- Shares outstanding
- 1.17 billion shares Source
Exact value
1172055466 shares
Reported share-count change
-6.92% · -87.1 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-09-23.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-12-31
- Operating income: 11 of 11 periods available· newest 2025-12-31
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- Capital expenditure: 1 of 11 periods available· newest 2019-12-31
- Total assets: 11 of 11 periods available· newest 2025-12-31
- Total liabilities: 9 of 11 periods available· newest 2025-12-31
- Current assets: 11 of 11 periods available· newest 2025-12-31
- Current liabilities: 11 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
- Shares outstanding: 11 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+11.3%Prior period
USD 4.64 billion
–
Current period
USD 5.16 billion
–
Exact inputs and evidence
5163299000 − 4638213000 = 525086000 USD
4638213000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source5163299000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+325%Prior period
USD 43.54 million
–
Current period
USD 185.05 million
–
Exact inputs and evidence
185045000 − 43543000 = 141502000 USD
43543000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source185045000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+30.6%Prior period
USD 626.66 million
–
Current period
USD 818.12 million
–
Exact inputs and evidence
818115000 − 626656000 = 191459000 USD
626656000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source818115000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 5.16 billion 100% of revenue
- Operating costs Derived USD 4.56 billion 88% of revenue
- Operating income USD 600.43 million 12% of revenue
- Tax, interest and other Derived USD 415.38 million 8% of revenue
- Net income USD 185.05 million 3.6% of revenue
Cash
- Operating cash flow USD 818.12 million 16% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 92%
- 2017 89%
- 2018 88%
- 2019 87%
- 2020 Operating loss: operating costs were 154% of revenue.
- 2021 Operating loss: operating costs were 129% of revenue.
- 2022 Operating loss: operating costs were 155% of revenue.
- 2023 Net loss: net income was −8.7% of revenue.
- 2024 9.5%90%
- 2025 88%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 4519396000 | 4156280000 Derived | 363116000 | 187210000 Derived | 175906000 | Unavailable | Source
|
| 2017 2017-01-01 – 2017-12-31 | 5284823000 | 4680283000 Derived | 604540000 | 259712000 Derived | 344828000 | Unavailable | Source
|
| 2018 2018-01-01 – 2018-12-31 | 5188942000 | 4575495000 Derived | 613447000 | 273148000 Derived | 340299000 | Unavailable | Source
|
| 2019 2019-01-01 – 2019-12-31 | 5736801000 | 4989123000 Derived | 747678000 | 374505000 Derived | 373173000 | 827514000 Derived | Source
|
| 2020 2020-01-01 – 2020-12-31 | 1727923000 | 2668480000 Derived | -940557000 | 322935000 Derived | -1263492000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 2012356000 | 2589807000 Derived | -577451000 | 234300000 Derived | -811751000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 1349977000 | 2093082000 Derived | -743105000 | 187421000 Derived | -930526000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 3775247000 | 3710288000 Derived | 64959000 | 391879000 Derived | -326920000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 4638213000 | 4153586000 Derived | 484627000 | 441084000 Derived | 43543000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 5163299000 | 4562873000 Derived | 600426000 | 415381000 Derived | 185045000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 5.2B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 4519396000 |
|
| 2017 | Revenue | 5284823000 |
|
| 2018 | Revenue | 5188942000 |
|
| 2019 | Revenue | 5736801000 |
|
| 2020 | Revenue | 1727923000 |
|
| 2021 | Revenue | 2012356000 |
|
| 2022 | Revenue | 1349977000 |
|
| 2023 | Revenue | 3775247000 |
|
| 2024 | Revenue | 4638213000 |
|
| 2025 | Revenue | 5163299000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
11.3% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | 13.7% |
|
| 2017 | Year over year | 16.9% |
|
| 2018 | Year over year | -1.8% |
|
| 2019 | Year over year | 10.6% |
|
| 2020 | Year over year | -69.9% |
|
| 2021 | Year over year | 16.5% |
|
| 2022 | Year over year | -32.9% |
|
| 2023 | Year over year | 179.7% |
|
| 2024 | Year over year | 22.9% |
|
| 2025 | Year over year | 11.3% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 11.6% 2025
Net margin 3.6% 2025
Free cash flow margin 14.4% 2019
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Operating margin | 8% |
|
| 2017 | Operating margin | 11.4% |
|
| 2018 | Operating margin | 11.8% |
|
| 2019 | Operating margin | 13% |
|
| 2020 | Operating margin | -54.4% |
|
| 2021 | Operating margin | -28.7% |
|
| 2022 | Operating margin | -55% |
|
| 2023 | Operating margin | 1.7% |
|
| 2024 | Operating margin | 10.4% |
|
| 2025 | Operating margin | 11.6% |
|
| 2016 | Net margin | 3.9% |
|
| 2017 | Net margin | 6.5% |
|
| 2018 | Net margin | 6.6% |
|
| 2019 | Net margin | 6.5% |
|
| 2020 | Net margin | -73.1% |
|
| 2021 | Net margin | -40.3% |
|
| 2022 | Net margin | -68.9% |
|
| 2023 | Net margin | -8.7% |
|
| 2024 | Net margin | 0.9% |
|
| 2025 | Net margin | 3.6% |
|
| 2016 | Free cash flow margin | Not reported |
|
| 2017 | Free cash flow margin | Not reported |
|
| 2018 | Free cash flow margin | Not reported |
|
| 2019 | Free cash flow margin | 14.4% |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 818.1M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 1158139000 |
|
| 2017 | Operating cash flow | 1161097000 |
|
| 2018 | Operating cash flow | 1053369000 |
|
| 2019 | Operating cash flow | 836162000 |
|
| 2020 | Operating cash flow | -860963000 |
|
| 2021 | Operating cash flow | -268774000 |
|
| 2022 | Operating cash flow | -619434000 |
|
| 2023 | Operating cash flow | 622690000 |
|
| 2024 | Operating cash flow | 626656000 |
|
| 2025 | Operating cash flow | 818115000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD 827.5M 2019
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | Unavailable |
|
| 2017 | Free cash flow | Unavailable |
|
| 2018 | Free cash flow | Unavailable |
|
| 2019 | Free cash flow | 827514000 |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
111.9% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Liabilities / assets | Not reported |
|
| 2017 | Liabilities / assets | 60.8% |
|
| 2018 | Liabilities / assets | 67.4% |
|
| 2019 | Liabilities / assets | 66.9% |
|
| 2020 | Liabilities / assets | 79.6% |
|
| 2021 | Liabilities / assets | 90.8% |
|
| 2022 | Liabilities / assets | 103.4% |
|
| 2023 | Liabilities / assets | 110.1% |
|
| 2024 | Liabilities / assets | 111.8% |
|
| 2025 | Liabilities / assets | 111.9% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.07× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Current assets / current liabilities | 1.54× |
|
| 2017 | Current assets / current liabilities | 1.1× |
|
| 2018 | Current assets / current liabilities | 0.97× |
|
| 2019 | Current assets / current liabilities | 1.24× |
|
| 2020 | Current assets / current liabilities | 1.8× |
|
| 2021 | Current assets / current liabilities | 1.83× |
|
| 2022 | Current assets / current liabilities | 1.73× |
|
| 2023 | Current assets / current liabilities | 1.4× |
|
| 2024 | Current assets / current liabilities | 1.2× |
|
| 2025 | Current assets / current liabilities | 1.07× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 175.91 million Exact valueExact value: 175906000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.16 billion Exact valueExact value: 1158139000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2017 2017-01-01 – 2017-12-31 | USD 344.83 million Exact valueExact value: 344828000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.16 billion Exact valueExact value: 1161097000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2018 2018-01-01 – 2018-12-31 | USD 340.3 million Exact valueExact value: 340299000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.05 billion Exact valueExact value: 1053369000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | USD 373.17 million Exact valueExact value: 373173000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 836.16 million Exact valueExact value: 836162000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 8.65 million Exact valueExact value: 8648000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 827.51 million Calculation and evidence836162000 − 8648000 USD Exact free cash flow: 827514000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2020 2020-01-01 – 2020-12-31 | −USD 1.26 billion Exact valueExact value: -1263492000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 860.96 million Exact valueExact value: -860963000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | −USD 811.75 million Exact valueExact value: -811751000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 268.77 million Exact valueExact value: -268774000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | −USD 930.53 million Exact valueExact value: -930526000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 619.43 million Exact valueExact value: -619434000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | −USD 326.92 million Exact valueExact value: -326920000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 622.69 million Exact valueExact value: 622690000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 43.54 million Exact valueExact value: 43543000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 626.66 million Exact valueExact value: 626656000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 185.05 million Exact valueExact value: 185045000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 818.12 million Exact valueExact value: 818115000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
517 filings · 1,900 latest values · 1,900 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001381640, 1381640, MLCO, MPEL, edgar:1381640
Also known as MELCO CROWN ENTERTAINMENT LTD, MELCO RESORTS & ENTERTAINMENT LIMITED, MELCO RESORTS & ENTERTAINMENT LTD, Melco Crown Entertainment LTD, Melco PBL Entertainment (Macau) LTD, Melco Resorts & Entertainment LTD