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.

36.91 0.13 −0.35%
Market cap
$23.2B
P/E
14.3×
Fwd P/E
14.5×
Dividend yield
3.93%
F-score
8/9
Altman Z
2.68
Beneish M
−2.06
Dividend safety
59/100

Las Vegas Sands Corp. 10-Q filed Oct 23, 2026

Fiscal Q3 2026 · Period ended Sep 30, 2026 · Filed · accepted 4:09 PM ET · Document on sec.gov · Filing index

Red flags

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 24, 2026: 24 added · 9 removed · 60 modified; 22 with only figures updated; 1 moved without change

  1. Modified · Singapore

    Our Singapore operations continuecontinued to deliver exceptional results, supported by the property’s unique and luxurious integrated resort offerings, generate net revenue growth with adjusted property EBITDA net revenues increasing $104172 million, or 7.64.3%, compared towith the sixnine months ended JuneSeptember 30, 2025. The key driver of the increase being an 11.7increase in net revenues was primarily driven by a 2.1% increase in net gaming revenue to $2.153.07 billion, while as well as increases in non-gaming revenues also contributed meaningfully to the overall results driven supported by the property’s unique and luxurious integrated resort offerings. Despite net revenue growth year over year, adjusted property EBITDA was lower by increased business volumes and $49 million, or 2.3%, compared to the launch of new dining venuesnine months ended September 30, 2025, primarily driven by higher casino operating expenses.