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Saturday 17 October 2026 Export LVS’s income statement to Excel — free account

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.

38.01 0.31 −0.81%
Market cap
$24.8B
P/E
14.7×
Fwd P/E
15.8×
Dividend yield
3.03%
F-score
8/9
Altman Z
2.68
Beneish M
−2.06
Dividend safety
59/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Las Vegas Sands Corp. (LVS) Operating margin

Alert me on 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 3.57%.

Operating margin, annual

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Annual newest first

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 newest first

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 43

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 14.8%
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 3.57%
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 →

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