Company research / LVS

Las Vegas Sands Corp (LVS)

SEC name LAS VEGAS SANDS CORP · CIK 0001300514 · NYSE · Hotels & Motels

  • Sector Services
  • Incorporated NV
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Las Vegas Sands Corp reported revenue of $13.02B. Revenue grew 15.2% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $13.72B.

Key ratios (year ended 2025-12-31)

21.6%
Operating margin
12.5%
Net margin
84.1%
Return on year-end equity
15.2%
Revenue growth (YoY)

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Latest selected filing: Form 8-K (current report) · 2026-10-21

Headquarters locality: Las Vegas / Paradise · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$13.72B$13.02B$11.30B$10.37B$4.11B$4.23B$2.94B$12.13B$13.73B$12.73B$11.27B
R&D Expense$215.00M$269.00M$228.00M$205.00M$143.00M$109.00M$18.00M$24.00M$12.00M$13.00M$9.00M
Operating Income$2.95B$2.82B$2.40B$2.31B-$792.00M-$689.00M-$1.39B$3.37B$3.75B$3.46B$2.50B
Depreciation & Amortization$1.44B$1.46B$1.31B$1.21B$1.04B$1.04B$997.00M$1.02B$1.11B$1.17B$1.11B
EBITDA$4.39B$4.28B$3.71B$3.52B$244.00M$352.00M-$396.00M$4.38B$4.86B$4.63B$3.61B
Net Income$1.73B$1.63B$1.45B$1.22B$1.83B-$961.00M-$1.69B$2.70B$2.41B$2.81B$1.68B
EPS (Diluted)n/a$2.35$1.96$1.60$2.40-$1.26-$2.21$3.50$3.07$3.55$2.11
Total Assets$19.91B$21.92B$20.67B$21.78B$22.04B$20.06B$20.81B$23.20B$22.55B$20.69B$20.47B
Total Liabilities$19.01B$19.99B$17.51B$17.67B$18.38B$17.81B$17.27B$16.69B$15.80B$13.06B$12.97B
Shareholders' Equity$897.00M$1.93B$3.16B$4.10B$3.66B$2.25B$3.54B$6.51B$6.75B$7.63B$7.49B
Cash & Equivalents$3.38B$3.84B$3.65B$5.11B$6.31B$1.85B$2.08B$4.23B$4.65B$2.42B$2.13B
Operating Cash Flow$3.73B$3.02B$3.20B$3.23Bn/an/a-$1.31B$3.04B$4.70B$4.54B$4.04B
Capital Expenditures$1.03B$1.17B$1.57B$1.02B$651.00M$828.00M$1.23B$1.02B$949.00M$837.00M$1.40B
Free Cash Flow$2.70B$1.85B$1.64B$2.21Bn/an/a-$2.54B$2.02B$3.75B$3.71B$2.65B
Share Repurchases$2.54B$2.22B$1.75B$505.00M$0$0$0$754.00M$905.00M$375.00M$0
Dividends Paid$938.00M$833.00M$590.00M$305.00M$0$0$911.00M$3.00B$2.98B$2.94B$2.92B
Shares Outstanding648.00M675.00M716.00M753.00M764.00M764.00M764.00M764.00M775.00M789.00M795.00M
Dividends Per Sharen/a$1.00$0.80$0.40n/an/a$0.79$3.08$3.00$2.92$2.88
Weighted Average Diluted Sharesn/a693.00M737.00M765.00M764.00M764.00M764.00M771.00M786.00M792.00M795.00M
EPS (Basic)n/a$2.35$1.97$1.60$2.40-$1.26-$2.21$3.50$3.07$3.55$2.11

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