Saturday 31 October 2026 Export LVS’s income statement to Excel — free account

Las Vegas Sands Corp.

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%

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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

Overview Business Profile Financial Analysis Segments Filings

Las Vegas Sands Corp. (LVS) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Casino	9,789	75.20%
Rooms	1,422	10.92%
Mall	801	6.15%
Food and Beverage	644	4.95%
Convention, Retail and Other	361	2.77%
Gross margin		49.79%
Operating margin		21.65%
Pre-tax margin		17.00%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Casino	9,789 75.20%	8,303 73.49%	7,522 72.52%	2,627 63.92%	2,892 68.30%	2,041 69.42%	9,384 77.38%	9,819 71.52%	9,086 71.39%	7,886 69.97%
Rooms	1,422 10.92%	1,274 11.28%	1,204 11.61%	469 11.41%	415 9.80%	280 9.52%	1,142 9.42%	1,733 12.62%	1,586 12.46%	1,499 13.30%
Mall	801 6.15%	755 6.68%	767 7.39%	580 14.11%	649 15.33%	381 12.96%	716 5.90%	690 5.03%	651 5.11%	591 5.24%
Food and Beverage	644 4.95%	607 5.37%	584 5.63%	301 7.32%	199 4.70%	156 5.31%	550 4.54%	865 6.30%	828 6.51%	747 6.63%
Convention, Retail and Other	361 2.77%	359 3.18%	295 2.84%	133 3.24%	79 1.87%	82 2.79%	335 2.76%	622 4.53%	577 4.53%	548 4.86%
Revenue	13,017	11,298	10,372	4,110	4,234	2,940	12,127	13,729	12,728	11,271

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Casino	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Food and Beverage	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rooms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Convention, Retail and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Mall	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by segment $m

Line	FY2012	FY2011	FY2010	FY2009
Venetian Macao	3,038 27.29%	2,827 30.04%	2,413 35.21%	1,994 43.69%
Marina Bay Sands	2,886 25.93%	2,922 31.05%	1,263 18.42%	—
Las Vegas Operating Properties	1,385 12.44%	1,325 14.07%	1,213 17.70%	1,106 24.24%
Sands Macao	1,251 11.23%	1,282 13.62%	1,194 17.42%	1,024 22.45%
Four Seasons Macao	1,086 9.76%	678 7.21%	499 7.28%	261 5.71%
Sands Cotai Central	1,052 9.45%	—	—	—
Sands Bethlehem	470 4.23%	400 4.25%	302 4.41%	153 3.36%
Other Asia	148 1.33%	147 1.57%	111 1.61%	88 1.93%
Eliminations	(186) (1.67%)	(171) (1.81%)	(140) (2.05%)	(63) (1.37%)
Revenue	11,131	9,411	6,853	4,563

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average number of slot machines	Q3 FY2026	1.4K	—	—
Average number of slot machines	Q2 FY2026	2.9K	—	—
Average number of slot machines	Q3 FY2026	1.3K	—	—
Average number of slot machines	Q4 FY2025	40.00	—	—
Average number of slot machines	Q3 FY2026	1.4K	810.00	+68.15%
Average number of slot machines	Q3 FY2026	1.4K	—	—
Average number of table games	Q3 FY2026	119.00	—	—
Average number of table games	Q3 FY2026	531.00	—	—
Average number of table games	Q3 FY2026	116.00	—	—
Average number of table games	Q2 FY2026	564.00	—	—
Average number of table games	Q3 FY2026	629.00	—	—
Average number of table games	Q3 FY2026	242.00	—	—

	Q3 FY2026	Q2 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Average number of slot machines	‡	‡	‡	‡	‡	‡
Average number of slot machines	‡	‡	‡	‡	‡	‡
Average number of slot machines	‡	‡	‡	‡	‡	‡
Average number of slot machines	‡	‡	‡	‡	‡	‡
Average number of slot machines	‡	‡	‡	‡	‡	‡
Average number of slot machines	‡	‡	‡	‡	‡	‡
Average number of table games	‡	‡	‡	‡	‡	‡
Average number of table games	‡	‡	‡	‡	‡	‡
Average number of table games	‡	‡	‡	‡	‡	‡
Average number of table games	‡	‡	‡	‡	‡	‡
Average number of table games	‡	‡	‡	‡	‡	‡
Average number of table games	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.