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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 682 | 731 | 1,204 | 1,115 | 178 | 526 | 915 | 761 | 814 | 714 | 1,006 | 839 |
| Depreciation and amortization | 371 | 378 | 383 | 389 | 391 | 377 | 363 | 339 | 330 | 336 | 348 | 328 |
| Capital expenditure | -332 | -194 | -274 | -229 | -286 | -379 | -547 | -539 | -285 | -196 | -325 | -330 |
| Investing cash flow | 946 | -186 | -266 | -211 | -286 | -454 | -550 | -541 | -288 | -200 | -329 | -324 |
| Financing cash flow | -1,583 | -1,040 | -451 | -1,012 | 512 | -692 | -879 | -773 | -769 | -639 | -1,178 | -703 |
| Dividends paid | -198 | -202 | -169 | -172 | -246 | -179 | -145 | -146 | -148 | -151 | -152 | -153 |
| Share repurchases | -788 | -759 | -501 | -500 | -800 | -418 | -451 | -450 | -402 | -452 | -506 | — |
| Debt issued | 1,194 | 797 | 0.0 | 0.0 | 3,984 | 2,797 | — | — | 1,748 | — | — | — |
| Debt repaid | -1,647 | -830 | -31.0 | -31.0 | -2,146 | -2,710 | -95.0 | -19.0 | -1,943 | -17.0 | -266 | -516 |
| Effect of exchange rates | 1.0 | -16.0 | 1.0 | 11.0 | 10.0 | 6.0 | -44.0 | 50.0 | -1.0 | -24.0 | 32.0 | -6.0 |
| Net change in cash | 46.0 | -511 | 488 | -97.0 | 414 | -614 | -558 | -503 | -244 | -149 | -469 | -194 |
| Free cash flow | 350 | 537 | 930 | 886 | -108 | 147 | 368 | 222 | 529 | 518 | 681 | 509 |
| Levered free cash flow | 287 | 464 | 701 | 761 | -301 | 814 | 87.9 | 233 | 527 | 307 | 521 | 344 |