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
  1. $11.27B2016
  2. $12.73B2017
  3. $13.73B2018
  4. $12.13B2019
  5. $2.94B2020
  6. $4.23B2021
  7. $4.11B2022
  8. $10.37B2023
  9. $11.3B2024
  10. $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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue3,1543,5853,6493,3313,1752,8622,8962,6822,7612,9592,9152,795
Cost of revenue709723749657609594618578560570-1,6321,384
Gross profit2,4452,8622,9002,6742,5662,2682,2782,1042,2012,3894,5471,411
Selling, general and administrative469447484479450430452431412433431398
Research and development43.041.059.072.069.0———————
Operating income620912871787791616599515607731715692
EBIT620912871787791616599515607731715692
EBITDA9911,2901,1821,1761,1829939048549371,0671,0501,005
Interest expense189188191187194174180179186182190200
Pre-tax income461748551582609471461403496600592571
Income tax88.010710391.090.063.069.050.072.017.0123122
Net income346567395419461352324275353494382380
Net income to common shareholders346567395419461352324275353494382380
Basic EPS0.530.850.590.610.660.490.450.380.480.660.500.50
Diluted EPS0.530.850.580.610.660.490.450.380.480.660.500.50
Average shares (basic)654669675682695712721730740750759764
Average shares (diluted)656671678685696713723731741752760766
Dividend per share0.300.300.300.250.250.250.250.200.200.200.200.20