Las Vegas Sands revenue and financials

LVS · NYSE · USD

$36.31−0.82%−$0.30

Close · October 6, 2026

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%.

Annual revenue · 2025: $13.02B

$11.27B2016
$12.73B2017
$13.73B2018
$12.13B2019
$2.94B2020
$4.23B2021
$4.11B2022
$10.37B2023
$11.3B2024
$13.02B2025

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.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	21,920	20,666	21,778	22,039	20,059	20,807	23,199	22,547	20,687	20,469
Current assets	4,832	4,290	5,777	6,744	5,510	2,644	5,305	5,566	3,197	3,098
Cash and equivalents	3,841	3,650	5,105	6,311	1,854	2,121	4,226	4,648	2,419	2,128
Receivables	742	417	484	267	202	—	—	—	—	—
Inventory	46.0	41.0	38.0	28.0	22.0	—	—	—	—	—
Net property, plant and equipment	11,717	12,041	11,492	11,474	11,874	—	—	—	—	—
Goodwill	103	102	103	10.0	—	—	—	—	—	—
Other intangible assets	470	443	495	54.0	19.0	—	—	—	—	—
Current liabilities	4,222	5,801	4,422	3,902	2,565	2,309	3,224	3,157	2,948	2,806
Accounts payable	190	164	167	89.0	77.0	—	—	—	—	—
Long-term debt	15,784	13,752	14,029	15,978	14,795	14,007	12,492	11,985	9,640	9,595
Total debt	15,784	13,752	14,029	15,978	—	—	—	—	—	—
Total liabilities	19,986	17,506	17,674	18,383	17,811	17,269	16,692	15,802	13,052	12,973
Total equity (incl. minority)	1,934	3,160	4,104	3,656	2,248	—	—	—	—	—
Retained earnings	4,387	3,455	2,600	1,684	-148	—	—	—	—	—
Minority interest	344	276	-14.0	-225	252	—	—	—	—	—