Las Vegas Sands Corp. LVS

38.99 0.34 0.88% as of 25 Sep
Market cap
$25.2B
P/E
15.1×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Las Vegas Sands Corp. (LVS) Operating margin

Las Vegas Sands Corp.'s operating margin over the twelve months to 30 June 2026 was 21.5%, down 0.2 percentage points from fiscal 2025 (21.7%). Over the past ten years it has ranged from −47.4% (fiscal 2020) to 27.8% (fiscal 2019); the current reading is higher than 45% of that period. That is above the Resorts & Casinos industry median of 10.4% and above the Consumer Cyclical sector median of 3.34%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 21.7% 0.39
FY2024 21.3% (1.04)
FY2023 22.3% 41.57
FY2022 −19.3% (3.00)
FY2021 −16.3% 31.11
FY2020 −47.4% (75.13)
FY2019 27.8% 0.43
FY2018 27.3% 0.10
FY2017 27.2% 5.02
FY2016 22.2% (2.11)

Quarterly

Period Operating margin Change (points)
Jun 2026 19.6% (5.63)
Mar 2026 25.2% 5.84
Dec 2025 19.4% (2.21)
Sep 2025 21.6% (3.07)
42 more quarters

Against its own ten years

Low −47.4% High 27.8%
Ten-year median 22.2%
Current reading's percentile 45

Operating margin against peers

Company Operating margin
RRR Red Rock Resorts, Inc. compare 27.7%
LVS Las Vegas Sands Corp. 21.5%
BYD Boyd Gaming Corporation compare 16.4%
CZR Caesars Entertainment, Inc. compare 15.9%
WYNN Wynn Resorts, Limited compare 15.7%
MTN Vail Resorts, Inc. compare 15.2%
HGV Hilton Grand Vacations Inc. compare 9.89%
MGM MGM Resorts International compare 5.73%
VAC Marriott Vacations Worldwide Corporation compare −3.27%
Resorts & Casinos industry median 10.4%
Consumer Cyclical sector median 3.34%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on LVS