MLCO (Melco Resorts and Entertainment) Total Operating Expense: $1,279 Mil (TTM As of Mar. 2026)


MLCO Melco Resorts and Entertainment Ltd MLCO
69 GF Score
Price $5.47
GF Value $10.66
Valuation Possible Value Trap
! 3 Warning Signs
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What is Melco Resorts and Entertainment Total Operating Expense?

Melco Resorts and Entertainment MLCO +0.92% 69 Total Operating Expense is $1,279 Mil as of Mar. 2026. GuruFocus rates MLCO with a GF Score™ of 69/100 and a GF Value™ of $10.66 (Possible Value Trap). The stock has 3 warning signs investors should review.

Melco Resorts and Entertainment's Total Operating Expense for the three months ended in Mar. 2026 was $331 Mil. Melco Resorts and Entertainment's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $1,279 Mil.

Melco Resorts and Entertainment Total Operating Expense Related Terms

Melco Resorts and Entertainment Total Operating Expense Historical Data

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The historical data trend for Melco Resorts and Entertainment'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.

Melco Resorts and Entertainment Total Operating Expense Chart

Melco Resorts and Entertainment 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 1,063.30 974.06 1,075.18 1,157.61 1,245.72

Melco Resorts and Entertainment 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 298.04 303.33 316.52 327.84 331.08
MLCO
69GF Score
Melco Resorts and Entertainment Ltd MLCO
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Melco Resorts and Entertainment 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 $1,279 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 $1,279 Mil mean?
Melco Resorts and Entertainment (MLCO) has a Total Operating Expense of $1,279 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Melco Resorts and Entertainment and its competitors.
Is Melco Resorts and Entertainment's Total Operating Expense too high?
Melco Resorts and Entertainment's current Total Operating Expense is $1,279 Mil. Overall, Melco Resorts and Entertainment has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melco Resorts and Entertainment's Total Operating Expense compare to MCRI and PENN?
Melco Resorts and Entertainment's Total Operating Expense of $1,279 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 Melco Resorts and Entertainment and its competitors. Melco Resorts and Entertainment's current Total Operating Expense is $1,279 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melco Resorts and Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Melco Resorts and Entertainment (MLCO) is currently considered Possible Value Trap. The stock's GF Value™ is $10.66, compared to a current price of $5.47 — trading 48.7% below its estimated fair value. The current Total Operating Expense is $1,279 Mil. Melco Resorts and Entertainment's overall GF Score™ is 69/100 with 3 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 Melco Resorts and Entertainment (MLCO), the current Total Operating Expense is $1,279 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 Melco Resorts and Entertainment (MLCO) Overvalued in 2026?

Based on GuruFocus' analysis, Melco Resorts and Entertainment stock appears to be undervalued. The current stock price of $5.47 is trading 48.7% below its estimated GF Value™ of $10.66. GuruFocus considers Melco Resorts and Entertainment to be Possible Value Trap.

Key valuation signals for MLCO:

  • Total Operating Expense: $1,279 Mil
  • GF Value™: $10.66 vs. price of $5.47 (48.7% below fair value)
  • GF Score™: 69/100 with 3 warning signs

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

Melco Resorts and Entertainment Business Description

Address 60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.
69GF Score

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

$5.47
Price
$10.66
GF Value