Las Vegas Sands Corp.
LVS Consumer Cyclical Resorts & Casinos
Las Vegas Sands Corp.’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 15.2% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 19.7%, free cash flow grew 426.9% and total debt fell 3.53%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three.
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Las Vegas Sands Corp. 10-K filed Feb 6, 2026
What changed
Item 1, Business, against the 10-K filed Feb 7, 2025: 8 added · 6 removed · 61 modified; 13 with only figures updated; 1 moved without change
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Modified · split · Our Company
We currently own and operate Integrated Resorts in Macao and Singapore. We believe our geographic diversity, best-in-class properties and
convention-based business modelmeeting and convention facilities provide us with the best platform in the hospitality and gaming industry tocontinue generating growthattract leisure andcash flow while simultaneously pursuing new development opportunities. We focus on the mass market, which comprises our most profitable gaming segment. We believe the mass market segment will continuebusiness tourism todeliver long-term growth as a result of continuing economic growth, expansion of the middle class and an increasing number of high net worth individuals acrossour marketsin Asia. We also offer loyalty programs at our properties, which provide access to rewards, privilegesandmembers-only events. Additionally, we believe being in the retail mall businesscontinue generating growth and, specifically, owning some of the largest retail properties in Asia will provide meaningful value for us, particularly as the retail market in Asia continues to growcash flow while simultaneously pursuing new development opportunities.
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