Las Vegas Sands revenue and financials
$36.55Change from previous close: −0.16%Absolute change: −$0.06
In the fiscal year ended December 2025, Las Vegas Sands reported revenue of $13.02B (+15.22% year over year). Net income was $1.63B, a net margin of 12.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +15.22%
- 2025 vs 2024
- Net income growth
- +12.52%
- 2025 vs 2024
- Net margin
- 12.5%
- 2024: 12.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 13,017 | 11,298 | 10,372 | 4,110 | 4,234 | 2,940 | 12,127 | 13,729 | 12,728 | 11,271 |
| Cost of revenue | 2,606 | 2,326 | 2,142 | 1,525 | 1,406 | — | — | — | — | — |
| Gross profit | 10,411 | 8,972 | 8,230 | 2,585 | 2,828 | — | — | — | — | — |
| Selling, general and administrative | 1,843 | 1,728 | 1,600 | 1,369 | 1,207 | — | — | — | — | — |
| Research and development | 269 | 228 | 205 | 143 | 109 | — | — | — | — | — |
| Operating income | 2,818 | 2,402 | 2,313 | -792 | -689 | -1,393 | 3,365 | 3,751 | 3,464 | 2,502 |
| EBIT | 3,065 | 2,452 | 2,340 | -783 | -662 | — | — | — | — | — |
| EBITDA | 4,533 | 3,762 | 3,550 | 253 | 379 | — | — | — | — | — |
| Interest expense | 746 | 727 | 818 | 702 | 621 | 523 | 449 | 446 | 327 | 274 |
| Pre-tax income | 2,213 | 1,960 | 1,775 | -1,387 | -1,474 | — | — | — | — | — |
| Income tax | 347 | 208 | 344 | 154 | -5.0 | 24.0 | 432 | 375 | -209 | 239 |
| Net income | 1,627 | 1,446 | 1,221 | 1,832 | -961 | -1,685 | 2,698 | 2,413 | 2,808 | 1,679 |
| Net income to common shareholders | 1,627 | 1,446 | 1,221 | 1,832 | -961 | — | — | — | — | — |
| Basic EPS | 2.35 | 1.97 | 1.60 | 2.40 | -1.26 | -2.21 | 3.50 | 3.07 | 3.55 | 2.11 |
| Diluted EPS | 2.35 | 1.96 | 1.60 | 2.40 | -1.26 | -2.21 | 3.50 | 3.07 | 3.55 | 2.11 |
| Average shares (basic) | 691 | 735 | 763 | 764 | 764 | — | — | — | — | — |
| Average shares (diluted) | 693 | 737 | 765 | 764 | 764 | 764 | 771 | 786 | 792 | 795 |
| Dividend per share | 1.05 | 0.85 | 0.60 | — | — | — | — | — | — | — |