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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 19,909 | 21,176 | 21,920 | 21,502 | 21,850 | 21,247 | 20,666 | 21,354 | 21,113 | 21,245 | 21,778 | 22,124 |
| Current assets | 4,297 | 4,266 | 4,832 | 4,152 | 4,263 | 3,721 | 4,290 | 4,825 | 5,332 | 5,556 | 5,777 | 6,172 |
| Cash and equivalents | 3,376 | 3,330 | 3,841 | 3,353 | 3,450 | 3,036 | 3,650 | 4,208 | 4,711 | 4,956 | 5,105 | 5,574 |
| Receivables | 622 | 677 | 742 | 548 | 533 | 435 | 417 | 413 | 436 | 420 | 484 | 390 |
| Inventory | 46.0 | 46.0 | 46.0 | 45.0 | 40.0 | 41.0 | 41.0 | 41.0 | 37.0 | 39.0 | 38.0 | 35.0 |
| Net property, plant and equipment | 11,470 | 11,441 | 11,717 | 11,907 | 12,044 | 12,058 | 12,041 | 12,059 | 11,367 | 11,266 | 11,492 | 11,589 |
| Goodwill | — | — | 103 | 103 | 103 | 102 | 102 | — | — | — | 103 | 102 |
| Other intangible assets | 529 | 545 | 470 | 489 | 538 | 558 | 443 | 560 | 572 | 584 | 495 | 507 |
| Current liabilities | 4,311 | 4,633 | 4,222 | 4,671 | 3,501 | 6,255 | 5,801 | 5,350 | 3,369 | 4,267 | 4,422 | 4,102 |
| Accounts payable | 150 | 159 | 190 | 168 | 162 | 151 | 164 | 139 | 149 | 156 | 167 | 150 |
| Long-term debt | 13,566 | 13,800 | 14,580 | 13,758 | 14,752 | 10,716 | 10,526 | 11,154 | 12,792 | 11,894 | 12,120 | 12,356 |
| Total debt | 15,262 | 15,724 | 15,784 | 15,772 | 15,820 | — | — | — | — | — | — | — |
| Total liabilities | 19,012 | 19,568 | 19,986 | 19,635 | 19,568 | 18,214 | 17,506 | 17,707 | 17,219 | 17,220 | 17,674 | 17,672 |
| Total equity (incl. minority) | 897 | 1,608 | 1,934 | 1,867 | 2,282 | 3,033 | 3,160 | 3,647 | 3,894 | 4,025 | 4,104 | 4,452 |
| Retained earnings | 4,900 | 4,753 | 4,387 | 4,161 | 3,914 | 3,628 | 3,455 | 3,276 | 3,148 | 2,943 | 2,600 | 2,370 |
| Minority interest | 316 | 410 | 344 | 296 | 291 | 334 | 276 | 221 | 140 | 72.0 | -14.0 | -101 |