Las Vegas Sands revenue and financials
$36.31Change from previous close: −0.82%Absolute change: −$0.30
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3,023 | 3,204 | 3,227 | -944 | -243 | -1,312 | 3,038 | 4,701 | 4,543 | 4,044 |
| Depreciation and amortization | 1,464 | 1,308 | 1,208 | 1,036 | 1,041 | 997 | 1,020 | 1,111 | 1,171 | 1,111 |
| Capital expenditure | -1,168 | -1,567 | -1,017 | -651 | -828 | -1,227 | -1,018 | -949 | -837 | -1,398 |
| Investing cash flow | -1,217 | -1,579 | -1,254 | 4,162 | -895 | — | — | — | — | — |
| Financing cash flow | -1,643 | -3,060 | -3,188 | 1,122 | 684 | — | — | — | — | — |
| Dividends paid | -833 | -590 | -305 | 0.0 | 0.0 | -911 | -3,000 | -2,979 | -2,943 | -2,924 |
| Share repurchases | -2,217 | -1,750 | -505 | 0.0 | 0.0 | 0.0 | -754 | -905 | -375 | 0.0 |
| Debt issued | 6,781 | 1,748 | 0.0 | 1,200 | — | — | — | — | — | — |
| Debt repaid | -4,918 | -2,074 | -2,069 | -66.0 | — | — | — | — | — | — |
| Effect of exchange rates | 28.0 | -19.0 | 8.0 | 22.0 | -16.0 | — | — | — | — | — |
| Net change in cash | 191 | -1,454 | -1,207 | 4,511 | -212 | — | — | — | — | — |
| Free cash flow | 1,855 | 1,637 | 2,210 | -1,446 | -813 | — | — | — | — | — |
| Levered free cash flow | 1,973 | 1,155 | 1,499 | 2,114 | -744 | — | — | — | — | — |