LVS - NYSE
Las Vegas Sands Corp.
$50.86
-0.68%Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; and the Sands Expo and Convention Center in Las Vegas, Nevada. Its integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.
At a Glance
Live SnapshotLas Vegas Sands Corp. Profit Bridge
Profitability Analysis
Gross Margin
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Operating Margin
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Net Profit Margin
Strong net margins indicate efficient operations and favorable tax/interest management.
Effective Tax Rate
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
Profitability Insight
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
Las Vegas Sands Corp. Income Statement
LVS • NYSE
| Las Vegas Sands Corp. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
13B | 11.3B | 10.4B | 4.1B | 4.2B | 2.9B | 12.1B | 13.7B | 12.7B | 11.3B | 11.7B | 14.6B | 13.8B | 11.1B | 9.4B | 6.9B | 4.6B | 4.4B | 3B | 2.2B | |
GROSS PROFIT | ||||||||||||||||||||
(9.3B) | (7.1B) | (6.5B) | (3.5B) | (3.7B) | (3.1B) | (8B) | (8.1B) | (7.5B) | (6.9B) | (7.1B) | (8.8B) | (8.5B) | (7B) | (5.7B) | (4.6B) | (3.5B) | (3.3B) | (2B) | (1.3B) | |
3.7B | 4.2B | 3.9B | 614M | 567M | -176M | 5.7B | 5.6B | 5.2B | 4.5B | 4.6B | 5.8B | 5.2B | 4.2B | 3.7B | 2.3B | 1.1B | 1.1B | 978.7M | 962M | |
OPERATING INCOME | ||||||||||||||||||||
(579M) | (1.7B) | (1.5B) | (1.4B) | (1.2B) | (1.1B) | (1.9B) | (1.7B) | (1.7B) | (1.8B) | (1.6B) | (1.7B) | (1.8B) | (1.6B) | (1.3B) | (1B) | (950.3M) | (879.2M) | (647.6M) | (385.3M) | |
(579M) | (1.7B) | (1.5B) | (1.4B) | (1.2B) | (1.1B) | (1.9B) | (1.7B) | (1.7B) | (1.8B) | (1.6B) | (1.7B) | (1.8B) | (1.5B) | (1.3B) | (1B) | (949.7M) | (866.4M) | (637.9M) | (321.5M) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (10.4M) | (14.3M) | (15.8M) | (20M) | (11.3M) | (1.8M) | (533K) | (12.8M) | (9.7M) | (0.0) | |
3.1B | 2.5B | 2.4B | -770M | -643M | -1.3B | 3.8B | 3.9B | 3.5B | 2.7B | 2.9B | 4.1B | 3.5B | 2.6B | 2.4B | 1.2B | 149.9M | 208.8M | 331.1M | 576.7M | |
PRE-TAX INCOME | ||||||||||||||||||||
(746M) | (727M) | (818M) | (702M) | (621M) | (523M) | (449M) | (446M) | (327M) | (274M) | (265M) | (274M) | (271.2M) | (258.6M) | (282.9M) | (306.8M) | (321.9M) | (421.8M) | (0.0) | (0.0) | |
-585M | -452M | -530M | -586M | -617M | -502M | -375M | -387M | -311M | -264M | -250M | -248M | -254.9M | -235.3M | -268.6M | -297.9M | -310.7M | -402M | 0.0 | 0.0 | |
(0.0) | (19M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -10.4M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (63.8M) | |
-876M | -506M | -580M | -617M | -831M | -575M | -50M | -581M | -438M | -447M | -312M | -299.6M | -336.6M | -538.5M | -305.3M | -379.3M | -522.6M | -436.8M | -192.9M | -72.5M | |
2.2B | 2B | 1.8B | -1.4B | -1.5B | -1.9B | 3.6B | 3.3B | 3.1B | 2.3B | 2.6B | 3.8B | 3.1B | 2.1B | 2.1B | 855.9M | -372.6M | -228M | 138.3M | 504.2M | |
NET INCOME | ||||||||||||||||||||
(347M) | (208M) | (344M) | (154M) | -5M | (24M) | (468M) | (375M) | -209M | (239M) | (236M) | (244.6M) | (188.8M) | (180.8M) | (211.7M) | (74.3M) | -3.9M | -59.7M | (21.6M) | (62.2M) | |
1.6B | 1.4B | 1.2B | -1B | -961M | -1.7B | 2.7B | 2.4B | 2.8B | 1.7B | 2B | 2.8B | 2.3B | 1.5B | 1.3B | 500.3M | -447M | -188.8M | 116.7M | 442M |
SEC Filings
LVS - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 18, 2026 | May 14, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 13, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 05, 2026 | May 04, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 24, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 22, 2026 | April 22, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 01, 2026 | May 14, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 05, 2026 | March 03, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 13, 2026 | February 12, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 06, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 28, 2026 | January 28, 2026 | 2026 |
Related Guides
Continue your LVS research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.